The overnight equity markets were mostly lower from an overbought market from a quick worldwide collapse of Apple product sales. Apple announced Thursday morning that it will greatly miss the quarterly sales forecast because of trade tensions and a weakening economy in China. AAPl, one of the world’s most held stocks, dropped over 10% and fell to fourth behind AMZN, MSFT and GOOGL as the biggest public company.  The tech giant’s warning also dragged down others doing big business in China with Caterpillar and Boeing trading down 1.5% and 2% respectfully. Support today is 274600 and 243000 while resistance comes in at 254500 and 256700.

E-Mini S&P 500 Mar ’19 Daily Chart

E-Mini S&P 500 Mar '19 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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