Monday June 29, 2015
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Economic Calendar 6/29/2015
Morning Notes
US Futures are being pulled significantly lower on news out of Greece that creditors will no longer extend credit deadlines and, in result, have raised new concerns about Greece being forced to leave the Eurozone. Consequently, Greek banks and the Athens stock exchange have been closed until July 6 as an important vote will be held on July 5th as Greek PM will put the creditor’s demand up for referendum to the Greek people to vote. Asian stocks closed lower.
Technicals
The $SPY closed lower and below support on Friday at $209.16. The next support levels are at $208, $207, the the 200 day moving average at $205.40. The first resistance levels are at $210.58, then descending resistance at $211.25.
In Play
SYMX: Synthesis Energy Systems – The company announced it has entered into a Definitive Agreements on $26 Million Package for Its Zao Zhuang New Gas Company Gasification Facility Expansion. Gapping up 6% with a 64M share float.
Economic Calendar
10:00 Pending Home Sales Index [May]
10:00 Pending Home Sales (MoM) [May]
10:30 Dallas Fed Mfg. Survey [Jun]
Earnings Before Open
NONE
Earnings After Close
APOL: Apollo Education Group – EPS Est. $0.48, Rev Est. $698.57M
