RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

After a rally Wednesday led by Federal Reserve Chair, Jerome Powell’s, dovish comments U.S. stock futures are set for a lower open today.  Investors are taking a cautious approach with the trade talks between the U.S. and China coming up this weekend at the G20.  Presidents Donald Trump and Xi Jinping will hold a side conference Saturday at the summit in Buenos Aires. Traders will need to see some progress in the talks between the two sides to bring the market back to the highs it had in fall.  The market will also be looking at the release of the Fed Reserve minutes from the Nov. 7-8 meeting at 2 p.m. EST.  The Fed chose to hold the fed-funds rate steady at rates between 2% and 2.25%. Major earnings today include HP, Dell and Palo Alto Networks. Market support today at 271400 while resistance comes in around 275000.

E-Mini S&P 500 Dec ’18 Daily

E-Mini S&P 500 Dec '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