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

If the market cooperates, we are hoping to enter an SPX Weekly Iron Condor for the May 19 cycle on Thursday. The VIX is at record-low levels, so the entry will depend on whether there is sufficient credit for what looks like a reasonable position.

For planning purposes, a synopsis of upcoming economic news beginning tomorrow is below:

Thursday

8:30 am Jobless Claims

8:30 am Producer Price Index

Friday

ALL DAY G7 Meetings

8:30 am Consumer Price Index

8:30 am Retail Sales

12:30 pm Fed's Patrick Harper speaks

Saturday

ALL DAY G7 Meetings

Sunday

10:00 pm China's Industrial Production Report

Monday

8:30 am Empire State Manufacturing Index

10:00 am Housing Market Index

Tuesday

8:30 am Housing Starts

9:15 am Industrial Production

Wednesday

10:30 am EIA Petroleum Status Report

Thursday

8:30 am Jobless Claims

8:30 am Philadelphia Fed Business Outlook Survey

Friday

9:15 am Fed's James Bullard speaks

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

Dot Hazlin