Latest news with #E-miniNQ
Globe and Mail
01-05-2025
- Business
- Globe and Mail
Futures Settle at Post-Tariff Highs, Eyes on Core PCE and Big Tech Earnings
Spotify falls after earnings. Bill Baruch joins CNBC's Halftime to break down why he's still in. E-mini S&P (June) / E-mini NQ (June) S&P, yesterday's close: Settled at 5583.75, up 30.75 NQ, yesterday's close: Settled at 19,642.00, up 114.00 E-mini S&P and E-mini NQ futures settled yesterday at the highest level since the April 2 nd tariff announcement. The White House's softer tone on trade was furthered when President Trump signed an order to lessen the impact of auto tariffs. Commerce Secretary Lutnick also noted a trade deal has been reached with one nation, but we await further details. The indices have been buoyant, finding additional tailwinds from strong earnings, but this will be tested today. CAT reported a miss on earnings and revenue but kept its full-year outlook, the stock is +2% premarket. MSFT and META report after the bell. The first look at jobs is due with the private ADP survey at 7:15 am CT, followed by the Fed's preferred inflation indicator, the Core PCE Index, at 7:30 am CT. E-mini S&P and E-mini NQ futures finished strongly yesterday but have not been able to decisively pierce strong resistance. For the E-mini S&P, this is major three-star resistance at 5578.75-5584.50. As for the E-mini NQ, it has closed in on its April 2 nd gap settlement, marking a significant area of overhead resistance. Upon a pullback, we have first and second key support aligned with yesterday's midday ranges. However, we do not want to see a violation of major three-star support at… Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Sign Up for Free Futures Market Research – Blue Line Futures Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Globe and Mail
01-05-2025
- Business
- Globe and Mail
S&P and NQ Extend Gains, But Risks Loom with Heavy Calendar
Buying Relative Outperformance: Early this week Bill Baruch of Blue Line Capital bought these three names, find out why. E-mini S&P (June) / E-mini NQ (June) S&P, last week's close: Settled at 5549.75, up 38.50 on Friday and 237.00 on the week NQ, last week's close: Settled at 19,535.25, up 213.25 on Friday and 1,154.50 on the week E-mini S&P and E-mini NQ futures finished last week on firm footing as the White House's narrative on trade softened a bit and earnings season got off to a strong start. Although we remain upbeat, much of this can shift instantly. On one front, there are two factions within the White House: that of Treasury Secretary Bessent, who is more in tune with a cohesive market environment, and that of Trade Representative Navarro, a vocal China hawk. On the other front, earnings have been good, but 36% of S&P companies report this week. Names like UPS, KO, V, SBUX, and CAT lead the list over the next 48 hours, before MSFT and META report Wednesday after the bell. Additionally, there is a deluge of economic data this week: Core PCE Wednesday, ISM Manufacturing Thursday, and Nonfarm Payrolls Friday. E-mini S&P and E-mini NQ futures battled off support early Friday and have so far carved a path of higher lows on today's session. First key support in the S&P comes in at 5511.25-5516.25, and below there is 5497.75-5499.75, before additional support aligns with Friday's low. Both indices are out above our Pivot and point of balance ahead of the opening bell. We believe holding above here will invite a continuation of momentum, with these levels coming in for the E-mini S&P at… Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Globe and Mail
17-04-2025
- Business
- Globe and Mail
NQ Slammed Again, But E-mini S&P Clings to Crucial Support
Tune in daily to catch Bill Baruch dissecting the day's market happenings after the bell rings. Gain insightful analysis and stay ahead in the financial game with Bill as your guide! Do not miss Bill Baruch's daily video posted to his Twitter (X), LinkedIn, and Instagram after the close, follow him at @Bill_Baruch. E-mini S&P (June) / E-mini NQ (June) S&P, yesterday's close: Settled at 5305.75, down 122.50 NQ, yesterday's close: Settled at 18,385.25, down 575.00 At times, there is nowhere to hide. Tech was tagged yesterday with NVDA -6.9%, and names like AAPL, MSFT, and META all down more than 3%. Even Telecom Services, which have been sticky, slipped. Although health insurers dodged yesterday's fallout, they are down even more sharply after UNH lowered its full-year profit forecast. The stock is -20% premarket, and the sector has followed. Remember, futures are closed tomorrow for Good Friday. On the economic calendar, Jobless Claims remain resilient, coming in below expectations at 215k versus 225k. Building Permits and Housing Starts were mixed. Philly Fed Manufacturing whiffed at -26.4, the worst since April 2023, which may allude to some seasonality. E-mini S&P and E-mini NQ futures traded sharply lower after Fed Chair Powell said yesterday that the bank is in no hurry to cut interest rates. E-mini NQ futures were under heavy pressure all session, but Powell's comments opened the door to the E-mini S&P, too. However, when things looked bleak in the final hour, major three-star support at 5251.50-5262.25 held perfectly, and the response has been buoyant so far. Price action above our Pivot and point of balance in the E-mini S&P will help signal whether this buoyancy can continue into the final closing bell of the week, with that level coming in at….. Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Sign Up for Free Futures Market Research – Blue Line Futures Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
Globe and Mail
16-04-2025
- Business
- Globe and Mail
Too Quiet? AI Chip Curbs Ignite Selling—Can Bulls Bounce Back?
Tune in daily to catch Bill Baruch breaking down the day's market events after the bell. Gain insightful analysis and stay ahead in the financial game with Bill as your trusted guide! Experience Bill Baruch's daily market breakdowns with insightful analysis and key updates. Find his videos on Twitter (X), LinkedIn, and Instagram after the close—just follow @Bill_Baruch to stay ahead of the curve! S&P, yesterday's close: Settled at 5428.25, down 12.50 NQ, yesterday's close: Settled at 18,960.25, up 25.50 Things were quiet yesterday, too quiet. That quickly changed after the closing bell when Washington announced new export controls on AI chips, limiting sales to China. This marks a $5.5 billion hit to NVDA's revenue, and the stock is down more than -6% premarket. While the sector is under pressure, AMD is the other seeing the brunt of the pain -7% on the news. Also, ASML missed revenues and is -4%. We look to earnings from TSM overnight tonight. A deluge of economic data out of China last night was broadly positive with Industrial Production, Fixed Asset Investment, and Retail Sales topping estimates. GDP y/y beat at 5.4% versus 5.2%, but q/q was light at 1.2% versus 1.4%. E-mini S&P and E-mini NQ futures are under pressure this morning, breaking below Friday's settlement at 5391, a level that buoyed waves of selling Monday in the E-mini S&P. This mark stands as our Pivot and point of balance, and it will be critical for the bulls to not let the tape create separation as selling could invite more selling in the near-term. Our Pivot and point of balance in the E-mini NQ comes in at… Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Sign Up for Free Futures Market Research – Blue Line Futures Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Globe and Mail
14-04-2025
- Business
- Globe and Mail
S&P and Nasdaq Rip Higher—But Resistance Ahead Could Make or Break the Rally
Tune in daily to catch Bill Baruch breaking down the day's market events after the bell. Gain insightful analysis and stay ahead in the financial game with Bill as your trusted guide! Experience Bill Baruch's daily market breakdowns with insightful analysis and key updates. Find his videos on Twitter (X), LinkedIn, and Instagram after the close—just follow @Bill_Baruch to stay ahead of the curve! E-mini S&P (June) / E-mini NQ (June) S&P, last week's close: Settled at 5391.25, up 89.25 on Friday and 281.00 on the week NQ, last week's close: Settled at 18,807.50, up 323.00 on Friday and 1,268.50 on the week E-mini S&P and E-mini NQ futures finished Friday on strong footing, rebounding from what appears to be peak panic just a week earlier. The news cycle evolved over the weekend with temporary exemptions for smartphones, laptops, and semiconductor equipment bringing added tailwinds, though it was later clarified by President Trump to be temporary and simply moving to a different tariff bucket. Today's economic calendar brings NY Fed 1-year inflation expectations, which has been more anchored when compared to the more volatile and politically infused Michigan read that printed an eyepopping 6.7% Friday; talk about peak panic. We also look to a deluge of Fed speak. E-mini S&P and E-mini NQ futures have seen a stew of supportive remarks out of the White House after market participants deleveraged, with a supportive technical landscape in the back-half of the week. On Friday, we said: We find reason to believe this market is ready to rally and yesterday's retreat, though very large and sloppy, is a typical response and range given the velocity and size of Wednesday's knee jerk rip higher. Price action did respond to support levels yesterday, most notably the 50% retracement back to the Sunday night low in both the E-mini S&P and E-mini NQ, which is now well-defined as a line in the sand at 5146.75-5180.25 and 17,919-17,923, respectively. A break below here would water down our upbeat thesis. We must see constructive price action at our pivot and point of balance, detailed below. All of this could pave the way for a test of rare major four-star resistance in the E-mini S&P at… Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Sign Up for Free Futures Market Research – Blue Line Futures Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
