Treasuries Rally and The Russell 2000 Outperforms 

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ADP Non-Farm came in under estimates and treasuries are rallying. Despite this, the Nasdaq 100 and the S&P 500 are lagging behind the Russell 2000. Crude trades below $70 despite a 4.6m draw on inventories.

***AUTO-TRANSCRIBED***

So we’re going to finish out this week with a lot of data, a lot that can influence the markets. But here today the Russell is really the big outperformer here. You’re continuing to see this rotation take place, you know, selling tech, you know, buying small caps. Seems like, you know, managers are kind of chasing relative outperformance here or at least positioning for that, you know, at the turn of the new year.

So going to want to still pay attention to how, you know, stock indices respond initially. The Nasdaq, the S&P all were higher, but, you know, reversed at the open. So, you know, we’re looking at some of these other outside markets, crude oil below 70 bucks a barrel. We got a fall in inventories, 4.6 million barrels despite that crude is is negative.

You know, so we’re really going to want to hold these major support levels, 69, 18 to 69, 53 is going to be major. If we break it close below there, we’re probably going to retrace to 60, 67 to 67 and a half. And we’re looking at stock indices for the S&P. The open today, you know, before we reversed 45, 97 to 4600 and a half or so, that’s going to be the level to keep an eye on Major three star level 1623 in the Nasdaq to 1652.

That’s going to be a major three star resistance level as well. And gold 2069 and a half to 20, 72 and a half. Another major three star resistance level to keep an eye on. If you have any questions, reach out to our trade desk. We’re here for you. Remember, futures trading involves substantial risk of loss and is not suitable for all investors.

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Futures trading involves a 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 your identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

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