May 18, 2022
Bill Baruch is founder and President of Blue Line Futures, Blue Line Capital, and Blue Creek Capital. Bill has extensive experience in the financial industry as an advisor, trader and manager. He started his career as an investment banking analyst, but quickly left for the fast paced world of commodity trading in 2007. He got his start as a Market Strategist at Lind Waldock’s Chicago Board of Trade office. Lind Waldock was purchased by MF Global and he began running his own trade desk there in 2009. In 2011, he took a role as the Chief Market Strategist at iiTRADER. Blue Line Futures is a futures and commodities brokerage, Blue Line Capital is a registered investment advisor, Blue Creek Capital is a commodity trading advisor.
May 18, 2022
The Rebound Erodes with Corporate Profits
U.S. equity benchmarks are slipping from yesterday’s exuberant closing levels. There was a sense of negativity ahead of Fed Chair Powell’s afternoon comments, that he would squash the rally.
May 16, 2022
Midday Market Minute May 16, 2022
May 16, 2022
Here is the Window; Risk is to the Upside
Stocks were overdue for a bounce. That began in the final minutes Thursday and played out through much of Friday.
May 13, 2022
Midday Market Minute May 13, 2022
May 12, 2022
Midday Market Minute May 12, 2022
May 10, 2022
Midday Market Minute May 10, 2022
May 10, 2022
When Does The Carnage End?
E-mini S&P (June) / NQ (June) S&P, yesterday’s close: Settled at 3987.50, down 132.00 NQ, yesterday’s close: Settled at 12,193.75, down 502.00 Fundamentals: The carnage across risk assets resumed Monday. The S&P covered the gap associated with its April 1, 2021 breakout, settling with “3” handle, and the NQ traded to an 18-month low. The … Continue reading When Does The Carnage End?
May 6, 2022
Your Roadmap to Jobs Friday
Nonfarm Payrolls for April are due at 7:30 am CT and 391k jobs are expected to have been added, a drop from 431k in March.
May 4, 2022
Midday Market Minute May 4, 2022
May 4, 2022
Fed Day and Inflation
It is Fed Day and whether the central bank wants to admit it or not, they are watching the stock market.
May 3, 2022
Midday Market Minute May 3, 2022
May 3, 2022
A Notable Relative Strength Divergence
May 2, 2022
Where Did Demand Go?
China PMIs for April on Friday night plummeted due to country’s zero-virus policy and lockdowns, state read Manufacturing contracted at 47.4 versus 48 expected and private Caixin contracted at 46.0 versus 47.0. Services came in at 41.9.
April 29, 2022
Can Stability Overseas Offset Earnings Shock?
Earnings from Apple and Amazon after the bell brought an immediate shock to the broad market. Amazon is down about 10% after the fourth largest company in the U.S. by market cap lost $7.56 per share when +$8.37 was expected.
April 27, 2022
Midday Market Minute April 27, 2022
April 27, 2022
Panic, Although Uncomfortable, Is Welcomed
Yesterday’s bloodbath, although uncomfortable, was welcomed. The S&P fell 7% from Thursday’s high to Monday’s low and there were some signs of panic before rebounding into Monday’s close.
April 25, 2022
Midday Market Minute April 25, 2022
April 25, 2022
Demand Destruction and Excessive Negative Sentiment
China leads global risk-assets lower. Shanghai enters fourth week of lockdowns and fear mounts Beijing will follow after mass testing begins. Panic buying at stores to prepare. Shanghai Composite -5.13% and Hang Seng -3.73%.
April 21, 2022
Midday Market Minute April 21, 2022
April 21, 2022
Make No Mistake, This Is Tesla
Let us not beat around the bush; this morning’s strength is Tesla and all about Tesla. If the company had missed earnings, the market would be singing a very different tune.
April 19, 2022
Everyone Is On Spring Break
Everyone is on Spring Break. Of course, I mean this figuratively, but the reality is people are out, and people are spending money.
April 18, 2022
Key Breakouts and Breakdowns
April 13, 2022
Producer Prices are Leading Indicator to Consumer Prices
U.S. Producer Price Index for March surges past expectations with a headline read of 11.2% YoY and +1.4% MoM.
April 5, 2022
Midday Market Minute April 5, 2022
April 4, 2022
Midday Market Minute April 4, 2022
April 4, 2022
Navigating the Risk-Landscape
Russian war crimes in areas around Kyiv, create calls for new sanctions. French President Macron spearheads push for immediate embargo on Oil and Coal from Russia, but not Natural Gas.
April 1, 2022
Quarter Kicks Off with Jobs
March Nonfarm Payrolls to kick off the new quarter, due at 7:30 am CT. Expectations for 490,000 jobs but wage growth, an inflation indicator, a major focus.
March 31, 2022
Midday Market Minute March 31, 2022
March 31, 2022
Eagle-Eyed Looking Ahead
It is the last day of a tumultuous first quarter. As we reflect to learn from our positives and negatives, we cannot help but to look forward and realize the fundamental uncertainties that lie ahead.
