Editor's Note:

It looks like market participants are already on vacation. The major U.S. indices drifted sideways in a very narrow range.

The U.S. markets will close early tomorrow (July 3rd) at 1:00 p.m. Eastern. They will be closed all day on Friday for Independence Day.

Volume will be super low tomorrow. That could mean another quiet session or it could mean we'll see some sharp moves as lack of volume allows for more erratic trading in individual equities.

We are not adding any new trades tonight. The newsletter's next issue will be the weekend newsletter.

Have a great Fourth of July!