Expect light volume if you’re day trading today. A holiday trading schedule is never a bonus for active traders. Stocks tend to bounce around without purpose and it’s easy to get stuck in a bad position.
Stick to your best ideas today and don’t deviate from your trading plan. Not the day to go find new trades at 10am.
Have a great 3 day weekend!
July 2 Stock Market Today: Map of the S&P 500
(click the map for a full view)
The SPY traded with holiday bound indecision. Although it closer higher, the SPY traded below the open for most of the day. Expect a very light volume day today.
Stocks to Trade |Thursday July 2, 2015
- My trading plan says trade light today if at all…
Interesting Chart Lessons:
Justice Department opens probe of airlines for possible collusion
The Department of Justice said Wednesday it is investigating several U.S. airlines for possible collusion, a probe that could have a deep impact on domestic carriers’ seat availability and airfares.
“We are investigating possible unlawful coordination by some airlines,” the DOJ said in a statement. Continue Reading on usatoday.com…
Earnings in play today > 1M avg shares:
Bullish Ideas ATR/Volume/Price: MBLY, CI, WMB, HCA, AET, TSLA, FB, NKE, UNH, DE, TWC,
Bearish Ideas ATR/Volume/Price: wdc, sndk, rrc, slb, ual, mon, bidu, mmm
Weak Stock Weak Close: aal, cnx, atw, cree, csiq, luv, scty, gmcr, rdc, hal, nov, cam
Strong Stock Weak Close: HZNP
Weak Stock Strong Close:
Strong Stock Strong Close: VLO, HIG, CMCSA, GIS
20 day Breakdown: aal, dal, etp, fti, luv, se, uri
20 Day Breakout: HFC, HIG, MPC, TSO, VLO
2x Normal Volume: BAX, GIS, HIG, LVS, SYY, FTI, DTV, MPEL, CNX, UAL, HFC, TSO, LUV
Watch List Longs: VLO, AET, MET, COF, UNH, DIS, TGT, T, ADBE
Watch List Short: bhi, slb, cvx, xom, all, hpq, nue, lltc,
Inside days: TWTR, EMC, KO, SBUX, USB, BABA, LOW, X, MO, PEP, MCD, KORS, HCA, DE, TSN, COH, ADSK, ANF, DLTR, BBBY
Holiday Trading Schedule | US Jobs Report
U.S. stock futures steady ahead of June jobs report
U.S. stock futures edged higher Thursday, with Wall Street watching the key U.S. jobs report for clues to the Federal Reserve’s next move before wrapping up the holiday-shortened week.
Futures for the Dow Jones Industrial Average YMU5, +0.12% gained 31 points, or 0.2%, at 17,703.00, and those for the S&P 500 Index ESU5, +0.11% rose 4.4 points, or 0.2%, to 2,075.00. Futures for the Nasdaq 100 NQU5, +0.16% picked up 10.50 points, or 0.2%, at 4,432.25.
U.S. markets on Wednesday were partly bolstered by a stronger-than-expected reading on jobs growth in the private sector. The S&P 500 SPX, +0.69% rose 0.7% and the Dow Jones Industrial Average DJIA, +0.79% jumped 138.40 points, or 0.8%, to 17,757.91. The Nasdaq Composite COMP, +0.53% picked up 0.7%.
Each index, however, was still down about 1% for the week to date.
Developments in Greece’s debt crisis were also on investors’ radar Wednesday and are expected to stay there, as Athens presses ahead with Sunday’s bailout referendum.
Financial markets will be closed on Friday to observe the Independence Day holiday, which means the June nonfarm-payrolls report will be released by the Labor Department on Thursday, at 8:30 a.m. Eastern Time.
Economists polled by MarketWatch forecast a 225,000 gain and a drop in the unemployment rate to 5.4% from 5.5%. See: Five things to watch in June’s jobs report.
What to Expect From the June Jobs Report
At 8:30 a.m. Eastern, the Labor Department will report the latest data on hiring and the unemployment rate in June.
Despite some first-quarter economic weakness in the United States and recent turmoil in Europe and Asia, American companies have continued to hire. Most economists believe that the momentum will continue into the summer.
Here is what you should watch for: