Heading into the holiday we're starting with a look at the Nasdaq QQQ ETF which is grinding higher day by day, and we expect this to continue. The TLT has finally broken out in a move we have been positioning for. FB also broke out and we sent out an alert to exit our short positions yesterday. BA continues to head higher, while NFLX looks like it wants to roll over. Going into the long weekend, we like selling options and collecting premium while the markets are closed for an extended period. For a new setup, ILMN is primed to break out soon and we will look to get into some put credit spreads.