<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=174932623114557&amp;ev=PageView&amp;noscript=1">

Biggest Earnings Week of the Year: Market Forecast

Posted by TopstepTrader on October 24, 2017

This morning should be a reminder that fundamentals do move futures. The Dow Jones Industrial Average ($YMZ7) doubled its early morning gain following earnings reports from Caterpillar, 3M and United Technologies. The huge gains in those underlying stocks will certainly carry through to other equity markets, including the Emini S&P 500 ($ESZ7). The $ES gained to its highs of the day following those strong reports and the leadership in the DJIA. 

In commodity, currency and energy futures, not too much is happening. Crude Oil ($CLZ7) is pushing towards its highs of the session, while Gold ($GCZ7) is still aggressively sold on any rallies. The Euro ($6EZ7) seems to be in a holding pattern ahead of the ECB this week; it's up 0.15% on the trading session.

Senior Performance Coach John Hoagland goes through all these levels and what to keep in mind while trading for the day.

Subscribe to our blog to have these market insights delivered to your inbox every morning. You can also tune in at 8:15 AM CT on Facebook to watch John's Market Forecast LIVE.

 

< Back to Blog

Topics: Market Updates