Q1' is Done! Stock Managers Scramble! | Midday Market Minute | 3.31.22

Posted: April 4, 2022, 6:43 p.m.


It's the last day of Q1 2022! We have seen a massive momentum move up over the past few weeks in equities, as managers attempt to double down for returns. The new quarter brings new ideas, a possible momentum shift, as a backtest would be considered healthy for this rally. All technical support and resistance levels are highlighted in our Morning Express Daily Research! (https://www.bluelinefutures.com/post/eagle-eyed-looking-ahead-morning-express-3-31-22) Crude Oil is working higher, around $103 as of writing, but this is well off of session lows. News of a massive SPR release (180m barrels, 1m per day) may subdue prices in the near term and get some votes going into midterms, but we don't think this Primary Trend is over just yet (think 6-9 months out) Along with Crude, we were not just bullish Gold and Silver due to Russia/Ukraine. Our bias was presented last year, with the geo-political tensions pushing gains past expectations. Consolidation is beneficial here. Will Gold catch a bid into the weekend with shorts still concerned about Russia? Don't forget about Non-Farm Payrolls tomorrow!! Sign up for a 14-day, no-obligation FREE trial of our proprietary research with actionable ideas: https://www.bluelinefutures.com/free-trial Email info@Bluelinefutures.com or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board! Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.



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