The overnight global equity markets were mostly higher with the RTS index and the IBEX being the exceptions.  Other than the original complaints from China on fresh 200 billion tariff levy initiated by the US this week, the Chinese have not had an official response yet, and that has eased some of the investor anxiety.  Delta Air Lines and Commerce Bancshares will announce their earnings before the Wall Street opening Friday.  With the early action Thursday morning showing a positive track following a two-day high to low setback of 32 points, the E-mini S&P could be poised to start a rally back to the July high of 2797. The bottom of the anticipated near-term trading ranges looks to be 2764 and a near term resistance levels at 2800.

E-mini S&P 500 Sep ’18 Daily Chart

E-mini S&P 500 Sep '18 Daily Chart

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Jeff Yasak

Senior Market Strategist
Since leaving the corporate world in 1995, Jeff has established a name for himself as a trusted financial advisor and trading advocate—leveraging his studies in finance from the University of Wisconsin-Madison and Loyola University, 25+ years of experience, and a passion for the industry to guide both novice and experienced traders in pursuit of achieving their own financial reward. Jeff began his career as a clerk in the S&P 500 pit at the Chicago Mercantile Exchange—fostering a deep interest in the options market that eventually drove him into the retail futures sector where he spent several years as a broker’s assistant before taking on clients of his own. Operating at the intersection of strategy and success, Jeff seeks to establish meaningful relationships with clients—synthesizing financial data and offering timely insight that informs critical decision-making surrounding money management and trading activities. Well-versed in the futures, securities, equities, and indices markets, Jeff is uniquely positioned to direct his clients to success. With a carefully cultivated combination of experience and expertise, he is able to connect with clients to better understand their goals and offer sound financial guidance that delivers notable bottom-line results.
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