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Globe and Mail
29-05-2025
- Business
- Globe and Mail
NVIDIA Beats, Markets Bounce—Now the Real Test Begins
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 5902.75, down 31.50 NQ, yesterday's close: Settled at 21,379.75, down 80.75 What an eventful evening. NVDA reported a terrific quarter, topping adjusted and unadjusted earnings estimates, despite the H20 charge-off, and revenue at $44.1 billion versus $43.3 billion. Most importantly, they guided revenues for the current quarter in line at $45 billion, notwithstanding the China restrictions. Additionally, CEO Jensen Huang pointed to the hundreds of thousands of GB200s Microsoft will ramp up to deploy with OpenAI; all hyperscalers will follow. Next, a court ruled to block President Trump's reciprocal tariffs, saying he had superseded his powers. This will be an evolving situation; E-mini S&P and E-mini NQ futures ripped higher, but have settled in ahead of the opening bell. E-mini S&P traded to a high of 6008 and E-mini NQ 21,858, testing just shy of our upside target we discussed yesterday, 'Although a breakout above the May 20th highs should provide a significant bullish tailwind, we cannot ignore strong overhead resistance in the E-mini S&P and E-mini NQ at 6019.50-6040.50 and 21,916-22,000.' As prices settle in this morning, it will be critical for a response to the supports listed below. Under no circumstances do we want to see the E-mini S&P break 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. 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
07-05-2025
- Business
- Globe and Mail
Markets Hold the Range as Fed Decision Looms
Trimming Tech Around the Edges: Bill Baruch calls into CNBC's Halftime Report to break down which tech stocks he's trimming. S&P, yesterday's close: Settled at 5625.75, down 46.00 NQ, yesterday's close: Settled at 19,876.50, down 179.00 The Federal Reserve concludes its two-day policy meeting at 1:00 pm CT with its closely analyzed statement. The bank is not expected to move on rates, and this is not a quarterly meeting; there will be no Statement of Economic Projections. However, there is a 28.6% probability that the committee cuts 25bps in June. Fed Chair Powell holds his press conference at 1:30 pm CT. We will likely hear more about the Fed's balance sheet and whether any recent SOMA activity is meaningful. E-mini S&P and E-mini NQ futures finished yesterday probing slightly below that first layer of support we highlighted here. However, upon the reopen, there was immediate strength on news that Treasury Secretary Bessent will meet with a top Chinese trade official in Switzerland later this week. Although the immediate highs were above yesterday's session, price action has remained rangebound. In fact, our first resistance for both the E-mini S&P and E-mini NQ were major three-star marks yesterday and held the range perfectly during the session. Due to a brief overnight violation, we have revised them to key resistance. Furthermore, first supports are now major three-star supports and align with settlement for each the E-mini S&P and E-mini NQ. Our Pivot and point of balance will be critical through the first hour in helping to determine whether the sellers have regained yesterday's edge or if a floor is building, with those levels 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.
