An advance preview of upcoming economic news.

SPX is still hovering at near-record levels, and VIX is still below where we would like to see it for the weekly SPX Iron Condor trade.

SPX 6 month chart

VIX 6 month chart

Our plans are to reinstate the weekly SPX Iron Condor when the VIX is consistently above 11, so patience continues to be in order for now.

This week we will are hoping to enter the VXX Call Credit Spread trade I outlined in the Weekend Update posted October 28. The entry will likely be Friday, depending on the overall market conditions and available credit. As I mentioned, this new play is not intended to be entered with a large capital risk, so those planning to enter this position should plan accordingly.

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

Thursday

8:30 am Jobless Claims

8:30 am Productivity & Costs

Friday

8:30 am Monthly Employment Report

8:30 am International Trade

Monday, November 6

No Reports Monday or Tuesday

Wednesday

10:30 am EIA Petroleum Status Report

Thursday

8:30 am Jobless Claims

Friday

10:00 am Consumer Sentiment

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

Dot Hazlin