Planning for next week; here is a preview of upcoming economic news.

If the market cooperates, we are planning to enter an SPX Weekly Iron Condor for the May 5 cycle on Thursday or Friday. With the VIX at such low levels, we will most likely suggest a trade Thursday.

For planning purposes, a synopsis of next week's economic news is below:

Monday

8:30 am Personal Income & Outlays

9:45 am PMI Manufacturing Index

10:00 am ISM Manufacturing Index

10:00 am Construction Spending

Tuesday

FOMC Meeting Begins

Wednesday

8:15 am ADP Employment Report

10:30 am EIA Petroleum Status Report

2:00 pm FOMC Meeting Announcement

Thursday

8:30 am International Trade

8:30 am Productivity & Costs

8:30 am Jobless Claims

10:00 am Factory Orders

Friday

8:30 am Monthly Employment Situation Report

As always, stay keen on your risk management and trade carefully,

Dot Hazlin