June's Finale
3 Stocks to Watch + SPY pivots
The coming week will feature a shortened trading week due to the observance of America’s Independence Day on Friday, July 3. Even with the short week, the July 4th week has historically shown market strength.
In fact, a look back at the S&P 500’s 50-year history shows that it is nearly 3x more likely to post a gain during the July 4th week.
Economic Calendar
Wednesday, July 1
ADP Employment Report
Thursday, July 2
Nonfarm Payrolls & Unemployment Rate
Initial Jobless Claims
Stocks to Watch
SOC 0.00%↑
SOC has continued to free-fall over the course of June’s trade. It is now down over 55% from the month's highs.
During Friday’s session, SOC saw unusual call activity from at least one participant positioning in OTM SOC 9 calls with only 2 trading weeks to expiration.
