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

With the VIX at such low levels, we took a different approach to the SPX weekly Iron Condor, in order to get more distance between the short strikes. On Monday, October 16, we entered a new position, 18 days to expiration. As I have mentioned previously, this relentless rally is not kind to non-directional trades such as the Iron Condor, so I remind everyone who took this trade to be vigilant on stop losses.

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

Thursday

8:30 am Jobless Claims

8:30 am Philadelphia Fed Business Outlook Survey

Friday

10:00 am Existing Home Sales

Monday, October 23

No reports

Tuesday

9:45 am PMI Composite Flash

Wednesday

8:30 am Durable Goods Orders

10:00 am New Home Sales

10:30 am EIA Petroleum Status Report

Thursday

8:30 am International Trade in Goods

8:30 am Jobless Claims

10:00 am Pending Home Sales Index

10:30 am Fed's Neel Kashkari speaks

Friday

8:30 am GDP

10:00 am Consumer Sentiment

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

Dot Hazlin