Planning for next week; with all eyes on the US Presidential election Tuesday; we will not be entering a new weekly trade Friday.
All eyes are on the upcoming US Presidential election next Tuesday. There is way too much risk involved to enter a new position later this week, so we will sit on the sidelines with cash as our position and look to enter a new weekly trade possibly for the November 18 weekly cycle after the dust settles.
While I doubt any of the economic news will matter much to the market other than the election, a summary of next week's releases is below:
US Presidential Election
7:45 am Fed's Charles Evans speaks
12:20 pm Fed's Charles Evans speaks
10:30 am EIA Petroleum Status Report
1:30 pm Fed's Neel Kashkari speaks
9:00 pm Fed's John Williams speaks
8:30 am Jobless Claims
10:00 am Consumer Sentiment
As always, stay keen on your risk management and trade carefully,