7/3/23 Your Half-Day Briefing


Markets will be working on limited hours this week. Today, markets will close early ahead of the holiday.

The closing bell is scheduled to ring at 1 PM.

Image from the NYSE

Looking back on Friday, markets rocketed higher.

The major indexes ended the session sharply higher…

  • Dow Jones +0.8%
  • Nasdaq +1.5% 
  • S&P 500 +1.2%
  • Russell 2000 +0.4% 

Sector Round Up

All 11 sectors ended the session with gains…

At the top…

  • Technology (XLK) +1.6%
  • Consumer Discretionary (XLY) +1.3%
  • Utilities (XLU) +1.1%

At the bottom…

  • Industrials (XLI) +0.9%
  • Energy (XLE) +0.6%
  • Real Estate (XLRE) +0.5%


The VIX remains too low for the bears to even consider an offensive…

VIX Daily Candles – Chart by thinkorswim

We’ll keep it short … This charts look bullish.

Here’s your latest readout…


Today is a short day, and tomorrow the markets are closed for Independence Day.

Then for the remaining three days of the week, the markets will work to find their July direction.


*Low Float
^Open Position

*NREV support at $8
*RMTI support at $5
GASS support at $4
TALS support at $3
AVDL support at $50
^CIFR resistance at $3
CLBT support at $7
^OSTK on watch
TDW support at $50
ARLO support at $10
PDCO support at $33
MRNS support at $10, resistance at $11

Secondary watchlist—float 100+ million

RDFN support at $12
MARA support at $12 / $13
ATOS support at $1
ENVX support at $16
support at $5
^IONQ support at $11.50
ABCM support at $24
OPK support at $2
OPEN on watch
XPEV support at $12

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