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Nasdaq 100 E-Mini Mar '24 (NQH24)

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Nasdaq 100 E-Mini Futures Market News and Commentary

Stocks Settle Higher Ahead of the Tue/Wed FOMC Meeting

The S&P 500 Index ($SPX) (SPY) Monday closed up +0.26%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.39%.

Stock indexes on Monday recovered from early losses and posted mild gains.  The S&P 500 and Nasdaq 100 consolidated below last Friday’s record highs.  Higher bond yields Monday limited gains in the overall market as the 10-year T-note yield climbed to a 1-week high on negative carryover from last Friday’s stronger-than-expected May payroll and hourly earnings reports, which were hawkish factors for Fed policy.  On the positive side, energy stocks moved higher Monday as the price of WTI crude rallied more than +2% to a 1-week high.

Stocks are looking ahead to Wednesday’s US May consumer price report, which is expected to show that the May CPI was unchanged from Apr at +3.4% y/y and that the May CPI ex-food and energy eased slightly to +3.5% y/y from +3.6% y/y in April. 

Also, stock investors... Read more

Contract Specifications

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Contract
E-Mini Nasdaq 100
Contract Size
$20 times Index
Tick Size
0.25 points ($5.00 per contact)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$20
Margin/Maintenance
$19,470/17,700
First Notice Date
03/15/24
Expiration Date
03/15/24 (expired)

Seasonal Chart

Nasdaq 100 E-Mini Mar '24
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Jun 4, 2024

View Chart Details
Commercials - Long / Short
139,142 (+755)
152,169 (+7,099)
Non-Commercials - Long / Short
60,252 (-8,150)
58,255 (-13,873)
Dealers / Intermediary - Long / Short
31,466 (-853)
74,080 (-4,359)
Asset / Manager - Long / Short
107,555 (-3,223)
22,693 (+3,367)
Leveraged Funds - Long / Short
35,214 (-5,126)
72,013 (-13,755)
Other Reportables - Long / Short
9,151 (+746)
25,630 (+6,912)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
17,372.75 +2.77%
on 02/21/24
18,436.50 -3.16%
on 03/08/24
-58.00 (-0.32%)
since 02/15/24
3-Month
16,334.25 +9.31%
on 01/05/24
18,436.50 -3.16%
on 03/08/24
+1,034.50 (+6.15%)
since 12/15/23
52-Week
13,019.75 +37.14%
on 03/20/23
18,436.50 -3.16%
on 03/08/24
+5,089.75 (+39.87%)
since 03/15/23

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Is Boston Scientific Stock Outperforming the S&P 500?

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Bull Call Spread Screener Results For June 11th

With the market back in bullish mode for now, it’s a good time to run Barchart’s Bull Call Spread Screener.

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S&P Futures Tick Lower Ahead of FOMC Meeting, U.S. Inflation Data Awaited

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Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 18,252.08
2nd Resistance Point 18,163.42
1st Resistance Point 18,009.08
Last Price 17,854.75s
1st Support Level 17,766.08
2nd Support Level 17,677.42
3rd Support Level 17,523.08

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52-Week High 18,436.50
Last Price 17,854.75s
Fibonacci 61.8% 16,367.30
Fibonacci 50% 15,728.13
Fibonacci 38.2% 15,088.95
52-Week Low 13,019.75

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