Indefatigable Nasdaq 100 Futures Push To New High

  • December 29, 1999
  • Marc Dupee

Like a broken record, Nasdaq 100 futures, from the Momentum-5 List, are trading at a new contract high. Paine Webber upgraded the price target on Qualcomm and that is providing lift to the tech sector.

Despite lower weekly stockpile reports from the American Petroleum Institute (API) and the Department of Energy, crude oil and its derivative futures are trading lower. Crude is making good on its Turtle Soup Plus One Sell List set up.

Silver is playing catch up to gold’s recent run-up and is up nearly 2%.

Sugar is trading at a ten-day high and on its high of the day. Funds were reported to be making large purchases on the opening, perhaps in anticipation of purchases by the Russians expected in the near future.


Here are the highlights around noon Eastern time:






























Stock Index and Bond Futures


  • March T-bonds [USH0>USH0]: +9/32 to 91 11/32
  • March S&Ps [SPH0>SPH0]: +1.80 to 1480.50
  • March Dow futures [DJH0>DJH0]: +20.0 to 11,650.0
  • March NASDAQ 100 futures [NDH0>NDH0]: +63.50 to 3686.00



Currencies


  • March dollar index futures [DXH0>DXH0]: +.19 to 101.74
  • March Japanese yen futures [JYH0>JYH0]: +.0032 to .9912


Energies

  • January crude [CLF0>CLF0]: -.37 to 26.45
  • January unleaded gas [HUF0>HUF0]: -.0093 to .7070
  • January heating oil [HOF0>HOF0]: -.0035 to .6975
  • January natural gas [NGF0>NGF0]: +.026 to 2.395


Metals


  • February gold [GCG0>GCG0]: +1.0 to 292.5
  • March silver [SIH0>SIH0]: +10.3 to 534.5



Grains


  • January soybeans [SF0>SF0]: -1 3/4 to 456 1/2



Meats


  • February pork bellies [PBG0>PBG0]: +.625 to 77.60


Softs and Fibers

  • March sugar [SBH0>SBH0]: +.43 to 49.35