The SPX 500 is up about 3 points from Fridays close on the S&P 500 as 8:50am EST, but about 6 points lower than its high from overnight. Greece looks to have received another bailout however there seems to be talk of a parliament vote with the introduction of Collective Action Clauses.
Overall, Greece hasn’t defaulted and the EUR/USD still remains in the 1.33 to 1.30 area. There is no major economic releases today so be careful if any rumors are leaked that could move the markets. Most of the bailout seems to be priced in and confidence is not too optimistic. Equities have continued to climb higher, so be sure to stay under-leveraged and wait for confirmation before taking any positions.
