Premarkets: 4 Things To Know Before The Open - Feb. 23, 2015

February 23, 2015

STOCKS HIT RECORD HIGHS: Here's what you need to know - Yahoo Finance

chicago futures trader Nonetheless, some negative sentiment has been generated by reports indicating that a European Union official said reaching a deal tonight seems unlikely. The longer the talks go on without a deal, the greater the concerns visit the website that Greece could exit from the eurozone, potentially destabilizing the currency bloc. Trading activity has remained relatively subdued, however, with a lack of major U.S. economic data likely keeping some traders on the sidelines.

Stocks Rocking While Metals Stay In Downtrends

Here are the four things you need to know before the opening bell rings in New York: 1. Ready for more records? Most major European markets are jumping in early trading as investors welcome a new conditional deal that should see Greece stay in the eurozone , at least for the next four months. Germany's DAX hit a new record high.

Stocks Nearly Flat After Seeing Early Weakness - U.S. Commentary -

At a press conference on Friday, Eurogroup presidentJeroenDijsselbloem called this agreement a "positive" outcome. You can find the full text of the agreement here . 2. The announcement out of Europe on Friday follows what was a long week in Europe, with a report from a French paper saying that Dijsselbloem and Greek finance minister Yanis Varoufakis had a "heated confrontation" on Monday during a meeting of European finance ministers. 3. The latest rig count data from oil driller Baker Hughes was released on Friday , showing that the number of oil rigs in use fell by 37 last week to 1,019, the lowest since July 2011. Combined oil and gas rigs fell by 48.

Stocks May Move To The Downside Amid Uncertainty About Greece - U.S. Commentary -

Commentary By RTT News, February 20, 2015, 08:51:00 AM EDT Subscribe ( - Stocks are likely to move to the downside in early trading on Friday, although selling pressure may be somewhat subdued. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 27 points. Ongoing uncertainty about the situation in Greece may weigh on the markets as members of the country's new government meet with eurozone creditors. Traders largely remain optimistic a deal will eventually be reached despite yesterday's news that Germany rejected Greece's proposal to extend its loan agreement for six months.

I cannot tell the future so we just have to wait and see how it plays out but for now gold remains in a solid downtrend. Silver lost a hefty 6.26% this past week and is acting very poorly and pointing to the $15 level still. Not too much to say other than there is some support here at $16 which is about to be broken then $15.50 has some support but on the long term charts $15 remains the major level to watch. I really try to keep things as simple and uncluttered as possible so the trend remains down unless we move back above $17.50.

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