RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

Asian shares were mostly higher Wednesday overnight and were led by strong gains in Hong Kong’s Hang Seng and South Korea’s Kospi indices.  The latest Chinese trade balance numbers displayed a much larger than expected surplus that included lower than expected imports with much higher than expected exports.  The E-mini S&P has remained in a fairly tight range at the upper end of this week’s trading range, as if it is taking a breather before eventful sessions at the week’s end.  While the threat of tariffs still looms over US stocks, there appears to be some temporary exemptions for Canada and Mexico, which brought some relief to the market.  Strong Chinese export numbers may also reflect well on global growth prospects and help support stocks.  US data will be the center of attention as the latest jobless claims readings will set the stage for Friday’s US employment situation report.  Support is seen at 2698 with resistance at 2747.

E-mini S&P 500 Mar ’18 Daily Chart

e-mini_s&p_mar18_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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