By Bryan Bottarelli

The economic calendar is chock full of upcoming releases starting tomorrow.

On Tuesday, economists predict that retail sales dropped 0.3% in October after a 0.4% decline in September. Any down-move would be the third decline in the past five months.

On Thursday, economists are expecting a second straight decline in consumer prices, as October is expected to be a 0.3% decline after a 0.5% drop in September.

And on Friday, housing starts are projected to fall another 4.5% to a seasonally adjusted annual rate of 1.69 million in October.

With so much economic data on the horizon, it would be a good idea to take any quick profits off that table, as each release could lend itself to increased market volatility.

That's why Ann and I took profits on our call position in New York Times (NYT:NYSE), as the Barron's article (noted in Ann's report) helped us lock in a nice 30% gain this afternoon. We're also keeping a close eye on our other call positions in TTH and DIA, as anymore upside could lead to similar “take profits” alerts.

Stay tuned for more gains this week.