^NDX - NASDAQ 100
| Previous close | 8,466.89 |
| Open | 8,461.42 |
| Volume | 469,723,891 |
| Day's range | 8,441.88 - 8,517.52 |
| 52-week range | 5,895.12 - 8,517.52 |
| Avg. volume | 2,024,911,111 |
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Close Under 8465.25 Forms Potentially Bearish Closing Price Reversal Top
Based on the early price action and the current price at 8495.75, the direction of the December E-mini NASDAQ-100 Index into the close on Friday is likely to be determined by trader reaction to 8465.25.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trump Tweet Sends Index to Record High
Based on the early price action and the current price at 8483.25, the direction of the December E-mini S&P; 500 Index the rest of the session on Thursday is likely to be determined by trader reaction to yesterday’s close at 8405.50.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trader Reaction to 8313.50 Pivot Sets the Tone Today
Based on the early price action and the current price at 8328.50, the direction of the December E-mini NASDAQ-100 Index the rest of the session on Tuesday is likely to be determined by trader reaction to the pivot at 8313.50.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 8347.75, Weakens Under 8313.50
Based on the early price action, the direction of the December E-mini NASDAQ-100 Index on Friday is likely to be determined by trader reaction to the short-term Fibonacci level at 8347.75.
- FX Empire
Soft ADP Report Just Enough to Muck Up Non-Farm Payrolls Data
Be prepared for a two-sided trade shortly after the release of the headline payrolls number because some traders will play the hard number and others will try to factor in the “real” number with the GM workers taken out of the equation.
- FX Empire
Gold Outlook 2020
The panel is divided with bearish analysts citing a less-dovish Fed as one of the key reasons why gold prices are likely to be capped in 2020. Technical analysts seem to be painting a bullish picture with 2019’s mid-year breakout laying the groundwork for even higher prices in 2020. The bears are watching the 10-year yield, the bulls, the chart pattern. The two will work together to produce a strong rally if signs of recession re-emerge next year.
- FX Empire
US Stock Market Overview – Stocks Slide on US-China Trade Concerns
The VIX surges as stock drop
- FX Empire
Stock Market Overview – Stocks Slide and the VIX Surges as Manufacturing Eases
Construction spending also fell more than expected
- FX Empire
Liquidity & Volume Diminish – What Next?
As the Thanksgiving holiday passes, traders should begin to understand that liquidity and volume in the US and global markets typically begin to diminish over the next 30 to 45+ days. Typically, between mid-November and early January, trading volumes weaken dramatically as institutional and retail investors move away from the markets in preparation for year-end celebrations and tax planning.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Looking for Pullback into Value Zone Between 8337.50 to 8309.75
The direction of the market will be determined by whether investors feel the need to chase the market higher, or wait for a pullback into support or a value area. The catalyst behind the price action is likely to be news about the trade deal.
- FX Empire
Stock Market Overview – Stocks Rise to All-time Highs, Led by Energy, GDP Expands More than Expected
Durable goods order unexpectedly rise
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Close Under 8376.50 Forms Closing Price Reversal Top
Based on the early price action and the current price at 8376.00, the direction of the December E-mini NASDAQ-100 Index on Tuesday is likely to be determined by trader reaction to yesterday’s close at 8376.50.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trend Changes to Down on Trade Through 8216.25
Based on Thursday’s price action and the current price at 8287.00, the direction of the December E-mini NASDAQ-100 futures contract into the close is likely to be determined by trader reaction to the 50% level at 8297.75 and the uptrending Gann angle at 8256.25.
- FX Empire
US Stock Market Overview – Stocks Slide but Complacency Remains Staple
FOMC meeting minutes show the Fed is on hold
- FX Empire
Fed Minutes: FOMC Worried About Elevated Risks, but Officials Felt 3 Rate Cuts Could Be Enough
At this time, the consensus among economists is that the Fed will now pause after cutting rates three times in 2019, with its benchmark rate in a range of 1.5% to 1.75%.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trade Through 8216.25 Changes Trend to Down
Based on the early price action and the current price at 8304.75, the direction of the December E-mini NASDAQ-100 Index the rest of the session on Wednesday is likely to be determined by trader reaction to the short-term 50% level at 8297.50.
- FX Empire
Tired of Trading Headlines? Pimco, Goldman Sachs Offer Longer-Term Predictions
A “phase one” trade deal between the United States and China could be finalized and signed before Christmas this year. The U.S. stock market will fall “in a material way” as soon as it’s clear Elizabeth Warren will become the Democratic Party’s candidate. Goldman Sachs analysts believe the U.S. economy is poised to snap back and certain stocks could have the most upside from the economic recovery.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Posts Record High Close; Trend Changes to Down on Trade Through 8216.25
The current rally is being driven by news so value shouldn’t be an issue. If investors were worried about value, the market wouldn’t be grinding higher. It would be pulling back into support or a value zone where investors would be waiting for bullish news.
- FX Empire
Currency Market Do Not Share Trade Optimism
Key US indices continue to rush historical highs. Futures on S&P500; crossed the 3100 mark, adding one third to the price against the lows of the end of last year.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Must Hold 8265.50 to Sustain Upside Momentum
Based on the early price action, the direction of the December E-mini NASDAQ-100 Index the rest of the session on Friday is likely to be determined by trader reaction to Thursday’s close at 8265.50.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trader Reaction to 8221.50 Sets the Tone on Tuesday
Based on yesterday’s price action and the close at 8249.75, the direction of the December E-mini NASDAQ-100 Index on Tuesday is likely to be determined by trader reaction to the first pivot at 8221.50.
- FX Empire
Welcome To The Zombie-Land Of Investing – PART II
We ended Part I with this chart, below, comparing 2006-08 with 2018-19. Our intent was to highlight the new price high similarities as well as the price rotation similarities between the two critical peaks in market price.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trader Reaction to 8221.50 Pivot Should Set the Tone
Based on Friday’s price action and the close at 8257.25, the direction of the December E-mini NASDAQ-100 Index on Monday is likely to be determined by trader reaction to the first minor pivot at 8221.50.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Holding Above Minor Pivot Support at 8221.50
Holding above 8221.50 will put the index in a strong position into the close. If this move can create enough upside momentum then look for a move into the high of the week at 8282.25, followed closely by an uptrending Gann angle at 8306.25.
