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Nasdaq 100 E-Mini Mar '23 (NQH23)

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Nasdaq 100 E-Mini Futures Market News and Commentary

Stocks Close Higher as Fed Chair Powell Signals Rate Cuts

The S&P 500 Index ($SPX) (SPY) Friday closed up +1.15%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.18%.

US stocks rallied Friday, with the Dow Jones Industrials posting a 3-week high.  Comments from Fed Chair Powell Friday knocked bond yields lower and pushed stocks higher. Powell reinforced expectations that the Fed will cut interest rates at the Sep 17-18 FOMC meeting when he said cooling in the labor market conditions is "unmistakable," and his confidence has grown that inflation is on the path to 2%. Therefore, "the time has come for policy to adjust."

Dovish comments Friday from Atlanta Fed President Bostic also supported stocks when he said it is possible that more than one interest rate cut by the Fed may now be needed by year-end as inflation had slowed more than he had expected.

Friday’s fall in bond yields also fueled a rally in chip stocks, boosting the overall market.  In addition,... 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
$23,100/21,000
First Notice Date
03/17/23
Expiration Date
03/17/23 (expired)

Seasonal Chart

Nasdaq 100 E-Mini Mar '23
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Aug 20, 2024

View Chart Details
Commercials - Long / Short
142,783 (-5,741)
164,988 (-4,757)
Non-Commercials - Long / Short
55,674 (+6,623)
44,293 (+3,726)
Dealers / Intermediary - Long / Short
28,322 (+8,165)
85,499 (-10,190)
Asset / Manager - Long / Short
95,604 (+104)
24,908 (+2)
Leveraged Funds - Long / Short
27,735 (-217)
83,485 (+10,207)
Other Reportables - Long / Short
35,902 (-6,344)
4,495 (-224)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
11,670.00 +7.92%
on 03/13/23
12,636.50 -0.33%
on 03/17/23
+204.65 (+1.65%)
since 02/17/23
3-Month
10,751.00 +17.15%
on 01/06/23
12,949.75 -2.74%
on 02/02/23
+1,249.90 (+11.02%)
since 12/16/22
52-Week
10,595.25 +18.87%
on 10/13/22
15,371.50 -18.06%
on 03/29/22
-1,649.60 (-11.58%)
since 03/17/22

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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 12,748.60
2nd Resistance Point 12,692.55
1st Resistance Point 12,643.60
Last Price 12,594.65s
1st Support Level 12,538.60
2nd Support Level 12,482.55
3rd Support Level 12,433.60

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52-Week High 15,371.50
Fibonacci 61.8% 13,546.97
Fibonacci 50% 12,983.38
Last Price 12,594.65s
Fibonacci 38.2% 12,419.78
52-Week Low 10,595.25

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