First off, I wish all 19,000+ of you RSS subscribers a happy and safe 4th. I don’t know about you, but between the sun, family, friends, and relaxation I thoroughly enjoy some good barbecuing.
Heading into tomorrow SentimenTrader reports, “Since 1965, the S&P 500 has risen three straight days into the July 4th holiday 9 times. It declined the day after the holiday 8 of those 9 times. ” Add to that an extremely overbought market according to NAMO and day traders have something to bet on.
See you tomorrow.