RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

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
Jeff studied finance at the University of Wisconsin-Madison and at Loyola University. He left the corporate world in 1995 to pursue his dream of working in the financial markets. Jeff's trading career began as a clerk in the S&P 500 pit at the Chicago Mercantile Exchange. This is where he developed a great interest in the options market that led him to the retail futures business. Jeff spent a few years as a broker's assistant before managing clients of his own.
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