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$SPY & $QQQ Bottom for Stocks? | Bill Baruch | Fox News Interview | Blue Line Futures

Posted: May 26, 2022, 11:10 a.m.

Click Subscribe!! We Appreciate Our Followers!! Bill Baruch, President of Blue Line Futures, joins Fox Business to discuss the Stock & Commodity Markets.

Key Takeaways:

-Inverse Head & Shoulders in the $SPY gives momentum to the bulls, as they march towards the 21 DMA.

-Coming into earnings season, there was a sell now ask questions later mentality.

-Sellers exhaustion is here, $NVDA, $GOOG $AAPL is positive after selling off yesterday.

-Raphael W. Bostic, the Atlanta Fed President, and Kansas City Fed President Esther George both feel a 2% benchmark might be enough to stop raising rates.

-If Inflation has not receded by the time of the Jackson Hole Economic Symposium, there could be a hawkish pivot from the Fed

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Futures trading involves a substantial risk of loss and may not be suitable for all investors. 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.

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