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 26 cycle on Thursday. The VIX is still very low, 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

1:00 pm ECB President Mario Draghi speaks

Next week:

Tuesday

10:00 am New Home Sales

Wednesday

10:00 am Existing Home Sales

10:30 am EIA Petroleum Status Report

2:00 pm FOMC Minutes

Thursday

8:30 am International Trade in Goods

8:30 am Jobless Claims

Friday

8:30 am Durable Goods Orders

8:30 am GDP

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

Dot Hazlin