Stock Indices Recap - 2/8/2017

February 8, 2017 3:37PM CST

March S&P finished up 13.6 at 2302, -10 off the high and 20.5 up from the low.
March S&P E-Mini closed up 1.5 at 2290. This was 9 up from the low and 2 off the high.

 

Surprisingly the equity markets managed to throw off early weakness and recover into mid-session despite lingering geopolitical battles, interest in safe haven instruments and weakness in Bank shares. The market might have derived some support from a recovery in energy patch shares and perhaps because of a Bloomberg study that suggested US consumers spent their lowest on energy last year and 60 years which in turn should free up disposable income. It should be noted that this week's gains were forged on very low volume and that could suggest the uptrend is losing favor.

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.