An advance preview of upcoming economic news.

The New Year began on a bullish note; the broad market continues to creep higher.

SPX 6 month chart

VIX 6 month chart

This week we are hoping to enter the weekly VXX Call Credit Spread trade for the January 12 cycle. The entry will be Thursday or Friday, depending on the overall market conditions and available credit. We are also hoping to reinstate the SPX Weekly Iron Condor when the VIX is consistently above 11 and there is a decent risk:reward trade. For planning purposes, upcoming economic news releases beginning tomorrow are summarized below:

Thursday

8:15 am ADP Employment Report

8:30 am Jobless Claims

10:00 am ISM Non Manufacturing Index

11:00 am EIA Petroleum Status Report

Friday

8:30 am Monthly Employment Situation Report

8:30 am International Trade

10:00 am Factory Orders

Monday, January 8

No releases

Tuesday

10:00 am Fed's Neel Kashkari speaks

Wednesday

8:30 am Import/Export Prices

9:00 am Fed's Charles Evans speaks

10:30 am EIA Petroleum Status Report

1:30 pm Fed's James Bullard speaks

Thursday

8:30 am Jobless Claims

8:30 am Producer Price Index

Friday

8:30 am Consumer Price Index

8:30 am Retail Sales

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

Dot Hazlin