Planning for next week; here is a preview of upcoming economic news.
If the market cooperates, we are planning to enter an SPX Weekly Iron Condor for the August 26 cycle on Friday. For planning purposes, a synopsis of next week's economic news is below:
10:00 am New Home Sales
9:45 am PMI Manufacturing Index
10:00 am Existing Home Sales
10:30 am EIA Petroleum Status Report
8:30 am Jobless Claims
8:30 am Durable Goods Orders
8:30 am GDP
8:30 am International Trade-in Goods
9:45 am PMI Services Flash Index
10:00 am Consumer Sentiment
11:00 am Fed Chair Janet Yellen speaks at Kansas City Fed's monetary policy symposium
As usual, I will be publishing suggested trade entry on Friday, if the market is within the guidelines.
As always, stay keen on your risk management and trade carefully,