Market Recap For 23rd Jun 2015 – Traders are anxiously waiting for THIS to happen…

By Markus Heitkoetter

Stocks closed higher for the second consecutive trading session this week.

It was a slow sideways day for most of the session. But at the end of the day end stocks were higher and the NASDAQ entered the record books once again with new all-time highs.

U.S. economic data included Core Durable Goods Orders which were inline with expectations, and Durable Goods Orders that were lower.

New Home Sales beat expectations and climbed to levels not seen since 2008.

But it’s Greece that has the biggest grip on the market. Traders are anxiously awaiting an agreement between Greece and its creditors in order to prevent a default in Greece.

With the Eurozone holding their 3rd meeting in 6 days tomorrow evening, it looks like Eurozone leaders and Greece are getting serious. At least Greek markets seem to think so…the Athens Stock Exchange Index is trading 15% higher in the last 2 trading days.

The S&P was up just 1.5 points today. With a 0.06% increase, the S&P ended the day at 2124.20. The S&P is now 6.5 points away from its record close on 5/21/15.

The DOW ended the day 24 points higher. The DOW was up 0.13% for the session and closed at 18144.07.

The NASDAQ had a .12% gain. The index made new intraday high and closed higher for the 2nd consecutive session.

In addition to keeping an eye on Greece, tomorrow’s big report in the U.S. is Final GDP at 8:30am ET. And Crude Oil traders will be ready for Crude Oil Inventories at 10:30am ET.

Walt Disney Company (DIS) rallied another .78% today, ending the session at $114.41 a share. Today’s close was a new 52 week high.

A PowerX Method Buy Signal was identified on 17th Jun 2015. PowerX traders are hoping the rally continues and have their sites on an ADR Profit Target at $115.87.


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