RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

Without help from a breakthrough in trade deals, the equity market may need to take in more selling in the short-term.  Asian stock markets posted mixed results, as a modest gain for the Nikkei was balanced against declines in the Shanghai composite.  Earnings announcements will include Walmart before the market opening, while Applied Materials will report after the close.

The market seems to have plenty of headwinds which might slow investor sentiment and spark some movement to the sidelines.  Higher interest rates, higher energy prices and notions that the China/US trade issues are a long way from resolution are seen as potential negative forces.  Higher interest rates to consumers, plus the jump in gas prices are factors which could hurt personal disposable income.  Resistance comes in at 2734 with support at 2710.

E-mini S&P 500 Jun ’18 Daily Chart

E-mini S&P 500 Jun '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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