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 June 16 cycle on Friday. The VIX is still very low, so the entry will depend on whether there is sufficient credit for what looks like a reasonable position. Because of the flurry of geo-political events Thursday, we are waiting until Friday to enter and hope for a decent entry opportunity.

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

Thursday

8:30 am Jobless Claims

8:30 am ECB Press Conference re: Interest Rate

10:00 am Former FBI Director James Comey testimony begins

All Day UK Parliament Election

Tuesday, June 13

FOMC Meeting Begins

8:30 am Producer Price Index

Wednesday

8:30 am Consumer Price Index

8:30 am Retail Sales

10:30 am EIA Petroleum Status Report

2:00 pm FOMC Meeting Announcement

2:30 pm Fed Chair Yellen Press Conference

Thursday

8:30 am Jobless Claims

8:30 am Philadelphia Fed Business Outlook

8:30 am Import/Export Prices

9:15 am Industrial Production

Friday

8:30 am Housing Starts

10:00 am Consumer Sentiment

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

Dot Hazlin