The U.S. stock market is closed on Friday, July 3rd, for the Independence Day holiday. A lot of market participants are already on vacation for the rest of the week.
In addition to the holiday on Friday the Greek referendum to vote on accepting a new bailout deal is scheduled for July 5th. Investors are likely to sit on the sidelines until after the referendum.
The combination of a short trading week and the Greek referendum will produce very, very low trading volume tomorrow.
Odds are the market drifts sideways tomorrow.
However, we will get the June nonfarm payrolls (jobs) report out tomorrow morning. If this number comes in too hot or too cold it could generate some volatility in the U.S. market.
We are not adding any new trades tonight.