The market has managed to shrug-off Greece’s financial woes by moving higher to start the week. Futures were improving as we were going to press this morning and after a lower open, the bulls are motivated.
There isn’t any economic news due out today but there are some key moving events that could have an impact on the market over the week. Tuesday is light with Existing Home Sales for May the only headline and we will talk more about Wednesday, tomorrow.
The Dow is up 82 points to 12,088 while the S&P 500 is higher by 8 points to 1,279. The Nasdaq is showing a 17 point pop and is at 2,633.
The good news is that our portfolio remains hot so the action is inside our Members Area. We closed one trade this morning for gains of over 150% and we now have another trade that is up 180% since last Thursday. The stock we have been following was at $70 last Thursday and is in a freefall. We said last week shares could test double nickels ($55) which is where we are looking to close at least half of the trade. However, due to the quick gains, we are closing HALF the trade right now.
We also have 2 NEW TRADES we are releasing today so we have to cut it short. Subscribers, check for the updates.