Stock Indices Recap - 8/14/2017

August 14, 2017 3:34PM CDT

September S&P finished up 43.9 at 2484, -18.2 off the high and 37 up from the low. September S&P E-Mini closed up 23.5 at 2463.5. This was 22 up from the low and 3 off the high.


Given that the S&P 500 was hammered last week, a measure of technical short covering today was not surprising in the wake of a relatively calm geopolitical headline flow on the North Korean situation. However, North Korea enters its liberation day holiday on Tuesday and that might bring about fresh threats from the North Korean leader to a sympathetic domestic audience. In other words, stocks need to be careful assuming that there will be smooth water for an extended period of time ahead.

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.