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Nasdaq 100 Micro Jun '24 (NMM24)

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Nasdaq 100 Micro Futures Market News and Commentary

Stocks Slightly Higher Ahead of This Week’s US Inflation Reports

The S&P 500 Index ($SPX) (SPY) this morning is up +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.19%. 

US stocks this morning are slightly higher on lower bond yields and some positive corporate news.  Incyte Corp is up more than +8 % after announcing that its board approved a share repurchase authorization of $2 billion.  Also, Walgreens Boots Alliance is up more than +7% after Bloomberg reported the company is reaching out to potential buyers for its Boots drugstore chain in the UK. 

In addition, Intel is up more than +3% after the Wall Street Journal reported the company is in advanced talks for a deal in which Apollo Global Management would provide more than $11 billion to help the company build a chip plant in Ireland.

The markets will focus on US inflation reports this week.  On Tuesday, the April core PPI is expected to ease to +2.3% y/y from +2.4% y/y in March. On Wednesday, April core CPI... Read more

Contract Specifications

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Contract
E-Micro Nasdaq 100
Contract Size
$2 times Index
Tick Size
0.25 points ($0.50 per contact)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$2
Margin/Maintenance
$1,947/1,770
First Notice Date
06/21/24 (39 days)
Expiration Date
06/21/24 (39 days)

Seasonal Chart

Nasdaq 100 Micro Jun '24
Average Price Chart for 5 Prior Jun Contracts

Commitment of Traders Positions as of May 7, 2024

View Chart Details
Commercials - Long / Short
7,640 (+1,466)
5,370 (-4,226)
Non-Commercials - Long / Short
34,566 (+5,403)
24,806 (-26,726)
Dealers / Intermediary - Long / Short
10,084 (+1,057)
2,453 (-1,096)
Asset / Manager - Long / Short
4,210 (+811)
N/A (-886)
Leveraged Funds - Long / Short
25,674 (+4,894)
16,504 (-30,114)
Other Reportables - Long / Short
1,873 (-33)
10,854 (+1,004)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
17,113.75 +6.88%
on 04/19/24
18,351.00 -0.32%
on 04/15/24
+112.25 (+0.62%)
since 04/12/24
3-Month
17,113.75 +6.88%
on 04/19/24
18,708.50 -2.23%
on 03/21/24
+381.75 (+2.13%)
since 02/13/24
52-Week
13,988.75 +30.76%
on 05/15/23
18,708.50 -2.23%
on 03/21/24
+4,360.50 (+31.30%)
since 05/12/23

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 18,499.00
2nd Resistance Point 18,423.50
1st Resistance Point 18,339.25
Last Price 18,278.50
1st Support Level 18,179.50
2nd Support Level 18,104.00
3rd Support Level 18,019.75

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52-Week High 18,708.50
Last Price 18,278.50
Fibonacci 61.8% 16,905.55
Fibonacci 50% 16,348.63
Fibonacci 38.2% 15,791.69
52-Week Low 13,988.75

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