Nasdaq 100 index futures (NQ)
Technical Analysis

Nasdaq Futures (NQ) Technical Analysis: Strong Bullish Momentum Continues

Introduction: NQ has shown remarkable resilience, surging 53% since its lows in October last year and currently hovering only 7% below its all-time high. With the 50-day moving average sloping upward and the Relative Strength Index (RSI) sitting at 60, bullish momentum is evident. Moreover, the Accumulation/Distribution Line (ADL) is at 1400, indicating increased buying Read More…

Convenience Yield and Backwardation
Fundamental Analysis

Oil Pulls Back on Profit-Taking After Significant US Inventories Draw

On Wednesday, oil prices declined slightly as investors took profits, following earlier gains driven by tighter US crude supplies and China’s commitment to boosting economic growth. Oil had risen by more than $1 a barrel but lost later in the session.  Phil Flynn, an analyst at Price Futures Group, stated that market participants capitalized on Read More…

world stocks recovery
Fundamental Analysis

Equities Gain as Major Banks Report Better-Than-Expected Earnings

US equities made gains on Tuesday, partly fueled by strong bank earnings. The Dow was on track for its longest streak of daily gains in over two years. Morgan Stanley shares surged by 6.45%, marking their largest one-day percentage increase since November 9, 2020. The bank exceeded expectations, with growth in its wealth management business Read More…

russell 2000 RTY futures OneUp Trader FUnded Trader Program
Technical Analysis

Russell 2000 futures (RTY) overbought as euphoric bulls go all in

RTY stats The Russell is up 10% YTD and up 21% since the recent low made in October of last year. For the daily chart, technicals overall are bullish and are calling for buys only. The chart appears overbought, however, and the long trade might be a bit exhausted at this point, so let’s take Read More…