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Nasdaq 100 E-Mini Dec '23 (NQZ23)

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Nasdaq 100 E-Mini Futures Market News and Commentary

Stocks Shake off Mostly Negative News to Close Mildly Higher

The S&P 500 Index ($SPX) (SPY) Friday rose +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.26%. 

US stocks on Friday gained support from chip stocks and generally positive Q1 earnings results.  Q1 earnings are expected to climb +6.5% y/y, well above the pre-earnings season estimate of +3.8%.  According to data compiled by Bloomberg Intelligence, about 81% of reporting S&P 500 companies have beaten Q1 earnings estimates. 

Stocks were undercut Friday by higher T-note yields and a disappointing consumer sentiment report that showed both weaker consumer sentiment and higher inflation expectations. 

The University of Michigan’s preliminary-May US consumer sentiment index fell -9.8 points to a 6-month low of 67.4, which was weaker than market expectations for a -1.0 point decline to 76.2.

Also, US consumers’ inflation expectations rose.  The University of Michigan’s May US 1-year inflation expectatio... 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
12/15/23
Expiration Date
12/15/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of May 7, 2024

View Chart Details
Commercials - Long / Short
124,251 (-15,224)
134,884 (-19,148)
Non-Commercials - Long / Short
65,234 (+4,922)
60,829 (+3,289)
Dealers / Intermediary - Long / Short
28,724 (-4,354)
62,116 (-4,453)
Asset / Manager - Long / Short
99,007 (+2,324)
18,613 (-3,894)
Leveraged Funds - Long / Short
42,643 (-2,476)
90,577 (-5,841)
Other Reportables - Long / Short
6,507 (-4,804)
11,803 (-679)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
15,721.25 +5.15%
on 12/04/23
16,674.50 -0.87%
on 12/14/23
+640.98 (+4.03%)
since 11/15/23
3-Month
14,140.25 +16.90%
on 10/26/23
16,674.50 -0.87%
on 12/14/23
+1,137.98 (+7.39%)
since 09/15/23
52-Week
11,118.00 +48.68%
on 12/28/22
16,674.50 -0.87%
on 12/14/23
+4,723.23 (+40.00%)
since 12/15/22

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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 16,678.99
2nd Resistance Point 16,645.74
1st Resistance Point 16,587.99
Last Price 16,530.23s
1st Support Level 16,496.99
2nd Support Level 16,463.74
3rd Support Level 16,405.99

See More

52-Week High 16,674.50
Last Price 16,530.23s
Fibonacci 61.8% 14,551.92
Fibonacci 50% 13,896.25
Fibonacci 38.2% 13,240.58
52-Week Low 11,118.00

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