The market is only open a half day on Monday and volume should be half of normal. Direction will be a coin toss. The charts have turned bearish but Monday starts a new month and quarter and there could be new retirement funds coming into the market. However, it is not likely to happen on Monday. Most funds will be closed on Monday with only a skeleton crew manning the phones and computers. Wednesday will be the day the market picks a direction. I am not recommending any new positions for Monday. There is no reason to add new plays ahead of the weekend/holiday event risk.
ATTENTION: In order to let our staff enjoy the holiday weekend, there will be no Option Investor or Premier Investor newsletter on Monday July 3rd. The market is only open a half day and volume should only be a trickle. We will resume normal publication on Wednesday July 5th. Thank you in advance for your understanding.
NEW DIRECTIONAL CALL PLAYS
No New Bullish Plays
NEW DIRECTIONAL PUT PLAYS
No New Bearish Plays