Equity

Stocks are Up Today After Slow Week

Posted 11/13/2020 9:19AM CTJeff Yasak

The U.S. stock futures are up this morning looking to end the week on a good note after the market was down this week on record number COVID-19 cases.  The market had also been dealing with new stimulus concerns and the vaccine reports.  The U.S. coronavirus problem hit hard this week as new cases saw a record number of 150,000 on Wednesday alone.  This increase has led numerous states and municipalities imposing curfews and restrictions once again to help curtail the spread. Earnings also helped the market rally with Disney and Cisco leading the way.  Disney shares rose with the company announcing it now has 73 million paid subscribers for its streaming service, Disney+.  Cisco shares jumped 7% with of a strong report on earnings and revenue and better than expected prediction on the new quarter.

Support today is 350000 and 347500 with resistance showing 356700 and 360000.

E-mini S&P 500 Dec ’20 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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