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Nasdaq 100 E-Mini Dec '24 (NQZ24)

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Nasdaq 100 E-Mini Futures Market News and Commentary

Stocks Settle Mixed Ahead of Nvidia’s Earnings

The S&P 500 Index ($SPX) (SPY) Wednesday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.08%.

Stocks on Wednesday settled mixed ahead of quarterly earnings results from Nvidia after the close.  Target closed down more than -21% to lead retailers lower after cutting its full-year outlook due to flat sales and an inventory buildup.  Also, technology stocks were under pressure on Wednesday from weakness in chip stocks. 

On the positive side, health insurance stocks rallied Wednesday after RBC Capital Markets said the nomination of Mehmet Oz to lead the Centers for Medicare and Medicaid Services is positive for the sector.  Also, geopolitical tensions in Europe ratcheted lower Wednesday after Reuters reported that Russian President Putin is willing to talk with US President-elect Trump about a cease-fire deal in Ukraine that could roughly freeze the war along current front lines.

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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
$24,420/22,200
First Notice Date
12/20/24 (29 days)
Expiration Date
12/20/24 (29 days)

Seasonal Chart

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

Commitment of Traders Positions as of Nov 12, 2024

View Chart Details
Commercials - Long / Short
156,585 (+12,005)
186,948 (+14,710)
Non-Commercials - Long / Short
71,007 (+8,223)
54,627 (+7,935)
Dealers / Intermediary - Long / Short
48,248 (+3,222)
113,620 (+7,672)
Asset / Manager - Long / Short
101,654 (+8,217)
24,693 (-1,246)
Leveraged Funds - Long / Short
39,192 (+2,348)
87,654 (+12,099)
Other Reportables - Long / Short
28,898 (+5,768)
6,008 (+3,447)
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Price Performance

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Period Period Low Period High Performance
1-Month
20,008.50 +4.06%
on 10/31/24
21,340.75 -2.44%
on 11/11/24
+300.75 (+1.47%)
since 10/21/24
3-Month
18,562.00 +12.17%
on 09/06/24
21,340.75 -2.44%
on 11/11/24
+675.00 (+3.35%)
since 08/21/24
52-Week
16,572.00 +25.64%
on 12/06/23
21,340.75 -2.44%
on 11/11/24
+4,050.75 (+24.16%)
since 11/21/23

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Tech Takes a Hit, Indices Find Their Footing

After battling some wind coming out of the ‘sales’ on NVDA’s earnings, and a wave of risk-off due to increasingly heightened tensions between Russia and Ukraine, E-mini S&P futures have traded positive...

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 21,268.75
2nd Resistance Point 21,056.00
1st Resistance Point 20,902.50
Last Price 20,859.75
1st Support Level 20,536.25
2nd Support Level 20,323.50
3rd Support Level 20,170.00

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52-Week High 21,340.75
Last Price 20,859.75
Fibonacci 61.8% 19,519.09
Fibonacci 50% 18,956.38
Fibonacci 38.2% 18,393.66
52-Week Low 16,572.00

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