U.S. stock futures were up Friday, looking for the forth straight day of gains as investors are banking on Washington easing tariffs on Chinese goods. This comes on the heels of a Thursday report claiming US Treasury Secretary Steven Mnuchin was considering scaling back on said tariffs. The gains were not extraordinary, but the market surely is paying more attention to the positive than the negative news. Futures stayed bullish despite rising interest rates, 27 days of government shutdown, Tesla’s layoff announcement and a Netflix earnings miss.

Resistance is checking in at 265600 and 267500 with signs of support at 241050 and 238300.

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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