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Play Editor's note: We are wary of the markets right here. Stocks
turned in some very big returns in the second quarter and we don't see
the motivating factor to buy them now, especially with the yield on the
ten-year bond above 5%. The second quarter earnings results might offer
some hope but then again companies will be issuing guidance for the
third quarter, which is typically the weakest quarter of the year. At
this point, we haven't read the weekend market wrap yet, but our bias
is turning bearish. However, the breakout in crude oil re-affirms our
bullish bias for energy stocks.

Fourth of July holiday schedule notice - There will not be any new
plays or play updates provided for the Monday, July 2nd or Tuesday,
July 3rd newsletters.


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