Overnight global markets were generally mixed with the Shanghai and Australian markets showing small losses, with most other markets clawing out minor gains.  The technical bias in the markets remains strong as the fear of the US/China trade war is not damaging investor sentiment.  It might be too early to suggest but is possible that the beginning of inflation is being embraced by investors as a positive, improved pricing capacity by companies can add to profits.   With the E-mini S&P sitting within relative reach to all-time highs and investors unruffled by US/Chinese trade wrangling the path of least resistance remains up.  Close in support is at 2900 while resistance comes in at 2920.

E-Mini S&P 500 Dec ’18 Daily Chart

E-mini S&P Sep '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