Indices Futures Prices
- The Trend Trader For Futures Trading on Thursday, May 28, 2020
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market...
- Today's Playbook - Blue Line Morning Express
Actionable trading ideas in ES, NQ, Crude, Gold and more
- Daily Technical Spotlight - E-Mini S&P - September
Bulls in firm command amind price uptrend in place. More upside likely in near term.
- Wyckoff Market Analysis - The Market is Absorbing This Resistance Areas
As long as there is a lack of true supply the market can work higher.
- Stock Pick Update: May 27 - June 2, 2020
The broad stock market has slightly extended its uptrend in the last five trading days (May 20 - May 26). Two months ago on March 23, the S&P 500 index...
- Is A Blow Off Top Setting Up
Our biggest concern is a sharp downside rotation related to overvalued markets and sudden news or a new economic event that disrupts forward expectations....
Futures Market News and Commentary
The S&P 500 Index ($SPX) on Wednesday closed up +1.48%, the Dow Jones Industrials Index ($DOWI) closed up +2.21%, and the Nasdaq 100 Index ($IUXX) closed up +0.55%.
U.S. stock indexes on Wednesday closed higher with the S&P 500 and Dow Jones Industrials at a 2-1/2 month highs. Consumer stocks gained on anticipation that the reopening of state economies will significantly boost consumer spending. Technology stocks recovered from early losses Wednesday and moved higher, led by an +8% rally in Micron after it raised its Q3 fiscal sales estimate to $5.2-$5.4 billion from a previous forecast of $4.6-$5.2 billion, above consensus of $4.9 billion.
Upbeat comments on Wednesday from Dr. Fauci, the top U.S. infectious disease export, improved market sentiment when he said there's a "good chance" a vaccine for Corvid-19 may be deployable by November or December.
A +1.73% rally in the Euro Stoxx 50 on Wednesday to a 2-1/2 month high provided carry-over support for U.S. stoc... Read more