Stock Indices Recap - 6/9/2017

June 9, 2017 3:29PM CDT

September S&P finished up 1.1 at 2431.3, 11.7 off the high and 15.9 up from the low. September S&P E-Mini closed down 2.25 at 2428. This was 15.5 up from the low and 15.5 off the high.

 

A corrective track in FANG stocks (Facebook, Alphabet, Netflix and Google) surprisingly did not extend to other sectors of the market. However the NASDAQ has been a key bull market component and any sustained weakness in that sector of the market could be damaging to the overall market. Cushioning the stock market today was an attempt to restart infrastructure spending efforts by the White House. While a number of geopolitical issues appear to have moderated somewhat they generally remain in place and that could be problematic for stocks next week.

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

The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that RJO Futures believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgement at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

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.

Distribution in some jurisdictions may be prohibited or restricted by law. Persons in possession of this communication indirectly should inform themselves about and observe any such prohibition or restrictions. To the extent that you have received this communication indirectly and solicitations are prohibited in your jurisdiction with registration, the market commentary in this communication should not be considered a solicitation.