RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

Overnight equity markets were mostly lower with the DAX, ESTX 50 and the FTSE being the exceptions.  It looks as if the equity markets were challenged as a result of fresh Chinese suggestions that they were prepared to handle any negative impacts from the growing trade flap with the United States.  Despite general strength in international equity markets overnight, the US markets appear to be poised to start off on a back foot.  The US markets have also failed to directly benefit from Amazon’s claim that they have 100,000,000 prime members worldwide. Although the markets this week do not appear to be concerned about rising commodity prices that issue could become front and center today if that situation is noted by any fed members.  The June E-mini S&P has traded in a very tight trading range over the past 36 hours and would appear to have lost some upside momentum in the process.  Some will suggest that negative corporate headlines from Exxon, Facebook, Southwest and GM, have served to lighten investor interests.  Support comes in at 2700 and resistance comes at 2725.

E-mini S&P 500 Jun ’18 Daily Chart

E-mini Jun '18 Daily Chart

888-861-1656312-373-4966Series 3 Licensed

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.
Read More