Market Outlook - Friday 06-15-12
The SPX 500 sits about 3 points higher than Thursday’s close on the S&P 500 as of 9:15am ET. The markets could be extremely volatile as the Greek elections will be held this Sunday. At the moment risk on sentiment appears to be the direction as the USD declines.
We’ve had some commentary on the wire over the last 24 hours that has caused price action to bounce around. Follow through could be short-lived leading to gaps on the Sunday open. Playing the sidelines and minimizing your risk could be the best play as there is still a lot of uncertainty.