Key 3rd-Quarter Pivot Levels

Stocks celebrated the 4th of July with some low-volume fireworks of their own. The minor mid-week correction does look like a dip that should have been bought even though just the initial support levels were tested. Asian stocks were under pressure on weak data out of China as the Shanghai Composite was down over 2%. In contrast, the European markets are strong in early trading with the German Dax up over 2%. The US futures are showing nice gains in early trading and a close above the June highs...