Equities Push Higher: S&P and NQ Extend Gains Despite Inflation & Tariff Concerns

Morning Express

/ by BlueLineFutures

Inflation Resurgence to Big Tech

Inflation is making waves, and Big Tech is feeling the heat. Bill Baruch breaks it all down on CNBC—don’t miss his market insights!

Blue Line Capital

E-mini S&P (March) / E-mini NQ (March)

S&P, yesterday’s close: Settled at 6135.25, up 62.50

NQ, yesterday’s close: Settled at 22,113.25, up 308.50

E-mini S&P and E-mini NQ futures have shaken off hot inflation data and looming tariffs to close at three-week and two-month highs, respectively. Ironically, the E-mini NQ is the first index to clear the Thursday January 23rd settlement, when DeepSeek began weighing on price action Friday and before the fallout that Sunday night. I joined the CNBC Halftime Report yesterday and discussed a unique balance between fiscal and monetary policy acting as a tailwind, which can be seen in the video above.

Retail Sales this morning came in below expectations with Core -0.4% m/m versus +0.3% expected and headline -0.9% m/m versus -0.2% expected. Although Import Prices came in lower than expected at +0.3% m/m versus +0.4% expected, Export Prices surged by 1.3% versus +0.3%.

The E-mini NQ closed above significant resistance at the 21,911-21,968 level, which has now been adjusted and will act as support. However, the E-mini S&P still has not decisively cleared its rare major four-star level at 6133.25-6135.25. As today unfolds, we will look for price action to respond to first key support and overall be constructively buoyed by our pivot and point of balance upon a pullback, coming in at…

 

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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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