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Nasdaq 100 E-Mini Dec '24 (NQZ24)

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Nasdaq 100 E-Mini Futures Market News and Commentary

Higher Bond Yields Weigh on Technology Stocks

The S&P 500 Index ($SPX) (SPY) today is down -0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.10%.

Stock indexes today are posting moderate losses.  Higher T-note yields today are undercutting chip companies and weighing on technology stocks.  Also, weak economic reports from China signal weakness in China’s economy that is negative for global growth prospects and stocks.   China's new home prices fell by 0.71% m/m in May, the biggest decline in 9-1/2 years.  Also, China's May industrial production rose +5.6% y/y, weaker than expectations of +6.2% y/y.

On the positive side for US stocks, Citigroup today raised its outlook for US equities to overweight from neutral and cut its outlook for European stocks to neutral from overweight, citing “a substantially higher growth tilt in the US relative to Europe and heightened political risks” in Europe.

M&A activity supports stocks, with Autodesk up more... 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
12/20/24 (186 days)
Expiration Date
12/20/24 (186 days)

Seasonal Chart

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

Commitment of Traders Positions as of Jun 11, 2024

View Chart Details
Commercials - Long / Short
149,687 (+10,545)
149,999 (-2,170)
Non-Commercials - Long / Short
60,795 (+543)
68,827 (+10,572)
Dealers / Intermediary - Long / Short
45,292 (+13,826)
74,380 (+300)
Asset / Manager - Long / Short
104,253 (-3,302)
22,448 (-245)
Leveraged Funds - Long / Short
36,718 (+1,504)
83,929 (+11,916)
Other Reportables - Long / Short
7,762 (-1,389)
21,612 (-4,018)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
18,724.75 +7.73%
on 05/31/24
20,234.75 -0.31%
on 06/17/24
+1,079.50 (+5.65%)
since 05/17/24
3-Month
17,555.75 +14.90%
on 04/19/24
20,234.75 -0.31%
on 06/17/24
+1,685.00 (+9.11%)
since 03/15/24
52-Week
14,910.00 +35.29%
on 10/26/23
20,234.75 -0.31%
on 06/17/24
+4,077.25 (+25.33%)
since 06/16/23

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Higher Bond Yields Weigh on Technology Stocks

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 20,447.25
2nd Resistance Point 20,322.75
1st Resistance Point 20,256.00
Last Price 20,228.00
1st Support Level 20,064.75
2nd Support Level 19,940.25
3rd Support Level 19,873.50

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52-Week High 20,234.75
Last Price 20,228.00
Fibonacci 61.8% 18,200.70
Fibonacci 50% 17,572.38
Fibonacci 38.2% 16,944.05
52-Week Low 14,910.00

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