Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Markets Mixed As Investors Hope for a Greece Deal Over Weekend


Today's financial recap and tomorrow's financial outlook.

Today on T3 Live

T3's Option Strategist, Doug Robertson, conducted a trade to help reduce the risk of volatility on his portfolio. This was done with long volatility trades and a dual calendar, using the VXX as the basis. This trade will make money in should the market go in either direction and will get a big bonus if the VXX IV increases, providing an extra level of hedging on his portfolio in case the market drops.

Click here to learn more about the Option Strategist

PS. Don't forget to register for our FREE event Monday, June 29 hosted by our Options Expert Doug Robertson and see how he beat the S&P by 18%.

Daily Recap

Markets were mixed, with the DJIA finishing up. News that Greece was once again in a deadlock, and Asian markets trading a hit.

The S&P 500 closed down 0.03%, the NASDAQ fell 0.62%, while the DJIA rallied 0.32%.

The Russell 2000 lost 0.27%.

Bond yields jumped up.

Oil prices were flat today as a high demand offset an increase in production.

The dollar rallied against most major currencies, however fell a couple points against the Canadian Dollar and Swiss Franc.

Utilities, regional banking, and consumer discretionary were today's best sectors.

Cyber security, social media, and biotech posted the biggest losses of the day.

Ambarella (AMBA) lost its gains from yesterday. Shares closed down 3.01%

Mobileye (MBLY) closed down 3.12%, giving back yesterday's rally.

Intel (INTC) fell 3.03% following a Micon report at Jefferies lowered its price target.

Nike (NKE) surged 4.27% after posting a strong quarterly earnings report after the close yesterday.

Fitbit (FIT) tumbled 5.03% after several shareholders sold off their 10% stake in the company for low prices.

European markets finished up despite the Greek dilemma as news that a deal may be reached over the weekend. News that Greece's creditors are working on a 'plan B' surfaced, giving investors some hope for next week. The German DAX gained 0.17%, while France's CAC rallied 0.35%.

European bond yields rose.

Asian markets erased their gains. The Nikkei closed down 0.31%, the Hang Seng fell 1.78%, and the Shanghai Composite tumbled 7.40%.  The Korean Kopsi managed to finish up 0.25%.  
Monday's Financial Outlook

US economic data for Monday will include pending home sales, and Dallas Fed manufacturing activity.

Overseas economic data will include German consumer price index reports and retail sales, and GfK Consumer Confidence Survey.

Apollo Group (APOL), and CHC Group (HELI) will be reporting earnings after the close.
No positions in stocks mentioned.
Featured Videos