$QQQ & $SPY Fill The Trading Gap before $SNOW & $NVDA Earnings | Midday Market Minute | 5.25.22

Posted: May 25, 2022, 4:14 p.m.


$NVDA announced earnings after the bell (down about 10%), beat the top and bottom line earnings, yet revised earnings going forward for Q2. $SNOW missed, and traded down 15%.

The S&P and Nasdaq filled the gap as pointed out on the Morning Express Research. Support in the S&P comes in at 3955, 11,800 for the Nasdaq.

Turning to the Fed, the minutes released spoke about 50 bp raises, as expected. The neutral rate is more of a coin toss, with Neel Kashkari talking about 2.5%, Powell speaking about 3.6%. At the end of the day these minutes are stale.

Crude Oil finished well at $111 after a fairly bearish EIA report. As long as major 3 star support holds....

What does the $4.2 Billion Option 1850 Strike Expiration spell for it's future?



Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas!
Free Trial Start Trading with Blue Line Futures Subscribe to our YouTube Channel
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 substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. 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.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500




Like this post? Share it below:


Back to Insights