Still No Deal in Greece; Futures Point To Soft Open

Sign Up to Receive an Email Alert when Flash Headlines are Published

 

Here’s a brief look at the pre-market action…

• It is all about Greece today as yet another deadline passed without a formal Greek debt deal achieved, yet markets are holding in fairly well and negotiations are ongoing

• Signals out of Europe will drive the U.S. market today, with a significant move in either direction possible, we think, off any Greece news

• Asian markets were mixed overnight, but the Nikkei extended gains for a multi-month high

• Europe is modestly down, recovering somewhat from earlier losses to trade down about -0.2%

• U.S. futures had been very weak during the overnight session but came back with the strengthening European markets to also show modest losses as we write this

• No major economic reports are due today in the U.S.

• St.Louis Fed President James Bullard will speak in Chicago at 8:55am eastern, while Dallas Fed President Richard Fisher has a lunchtime engagement in Washington at 12:35pm ET.

Good Trading!
David W. (aka The Underground Trader)

Introducing the Option Income Generator. This new service is designed to help tame market volatility by producing monthly income via a proprietary buy-write strategy. Check it out today!

 

 

Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.