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Equity Futures Break Out: Tuesday's Market Forecast

Posted by TopstepTrader on September 12, 2017

All eyes are on equity futures - with S&P 500 ($ESZ7) and Nasdaq ($NQZ7) futures hitting all-time highs. In the S&P 500, there was a gap open higher and a continuation - that could mean that it is poised to gain off the open.

There's some event risk for equities in the market today with Apple's big iPhone and product announcement. With that one component comprising more than 12% of the Nasdaq, it could certainly carry through into futures trades. That's at noon CT.

Also, at 11 AM CT, the Crop Production Report will be released. That means that anyone trading agriculture or grains needs to pay attention. It's not worth taking the risk.

Senior Performance Coach John Hoagland runs down these, as well as the outlook for Crude Oil ($CLV7) and Gold ($GCZ7) in today's market forecast. 

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Topics: Market Updates