Stock Indices Recap - 10/5/2017

October 5, 2017 3:37PM CDT

December S&P finished up 13.7 at 2549.9, 0.3 off the high and 15.2 up from the low. December S&P E-Mini closed up 13.5 at 2549.75. This was 15.25 up from the low and 1 off the high.


Once again the equity markets charged higher breaking records and extending the pattern of new highs to nosebleed levels. Favorable earnings news from Constellation Brands and gains in Boeing third quarter plane deliveries and ongoing leadership from technology issues like Netflix, Microsoft and Amazon means the market is getting a full contingent of bullish information and headline flow. At this point, the acknowledgment of an excessively overbought technical condition seems to be discounted completely.

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.