The whole month has been a low volume track meet.

JULY Closes..

Looking at the board right now it’s hard to imagine that the DJI or Nasd won’t put in a higher closing month.

Given that the Spu’s are 5 points lower on the Month, I’d be cautious of being short anything late day as the Funds could easily mark up the Spu’s for a higher Monthly close.

Short-term as long as the Spu’s remain above 2459.75 ( yesterday’s High) the shorts won’t stand a chance of getting anything going.

I will be in meetings until early afternoon.