Stock Trading Before & After Independence Day Weekend

Its been one hell of a week if you're long stocks, but now its now 4th of July Weekend. Historically volume dries up big time, especially the Friday before the holiday. Performance wise, the numbers are mixed but leaning a little towards the bears camp. From the Stock Traders Almanac:

Trading on the day before and after the Independence Day holiday is often lackluster. Volume tends to decline on either side of the holiday as vacations begin early and finish late. Since 1980, DJIA, S&P 500, NASDAQ, and Russell 2000 have recorded average losses on the day before and the day after. In 2011, the first trading day of July is also the day before. A bullish bias on July 1 could mitigate the otherwise bearish day before tendencies, but it also offer traders an opportunity to lock in profits from the last four sessions before heading out on a long weekend.

Source:

Independence Day Trading: Bearish Day Before and After (StockTradersAlmanac)