We only had a half day of trading today before the Fourth of July holiday tomorrow. SPX gained $1 to close at $1615 and RUT gained $2 to close at $991. In several recent trading sessions, SPX has tried to break through the 50 dma to the upside, but has failed. But today it didn't even try, reaching an intraday high of $1619 with the 50 dma at $1625. VIX declined two tenths of a point to 16.2%.

The ADP private employment number came in at +188k, causing many analysts to look for more favorable jobs report numbers on Friday. Initial unemployment claims remain about flat at 343 thousand. The ISM services survey came in at 52.2, down from 53.7. The markets will reopen on Friday, but most likely with low trading volume since so many people are taking a long weekend.

My July iron condor on RUT at 870/880 and 1060/1070 is essentially at full profit with a net gain of $3,060 or +18%. This is unusual for a position that still has two weeks to go to expiration.

Enjoy the Fourth of July activities.