Anyone who has tried to pick a top in equity market futures over the past year has had a tough go at it. Yesterday, the Emini S&P 500 ($ESZ7) and Russell 2000 ($RTYZ7) closed at fresh all-time highs, while the Nasdaq ($NQZ7) hit highs, but closed below them. Early on Tuesday, markets were again pointed higher, with S&P futures gaining 2.5.
Meanwhile, commodity markets have struggled with Gold ($GCZ7) falling precipitously from its yearly highs, with no bottom in sight. Crude Oil ($CLX7) has also recently come under pressure and may be set to challenge support at $50 shortly.
With markets moving, here's what John Hoagland is looking at in his daily market forecast video.
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