by Adam Beaty

Economic Reports Due out (Times are EST):

• No Major Economic Data

Premarket Update (Updated 8am eastern):

• Futures are positive this morning
• European markets are mixed with Britian up 0.63%, Germany down 0.02%, and France up 0.51%
• Asian markets are also mixed with China up 0.19%, Japan down 0.20%, and Hong Kong down 0.59%

Commodities

• Precious Metals are lower, with gold down 0.23%
• Energy futures are lower, crude oil down 0.31%
• Natural gas futures also lower at 0.57%, and Copper is higher by 0.88%

Technical Outlook (S&P):

by Adam Beaty

Economic Reports Due out (Times are EST): 

• Case-Shiller Index due at 9:00am ET
• Consumer Confidence Index and Richmond Fed Index to report at 10:00am ET
• Dallas Fed Manufacturing Index is due at 10:30am ET

Premarket Update (Updated 8am eastern):

• Futures are slightly negative to start the morning off
• Europe has been trading higher putting in gains of 1%, Germany is higher at 0.24% and France is up 0.29%
• Asian stocks are mixed with China down 1.08% and Japan down 0.46%

Commodities

• Precious metals are lower, with gold down 0.54%
• Energy is higher, with crude up 0.15%
• Natural Gas is lower 0.83%
• Copper is lower at 0.85%

Technical Outlook (S&P):

by Adam Beaty

SPX forming a nice flag as the bulls and bears fight for control of this market.  We've bounced nicely off the bottom of the flag.  Question now is do we bounce back to the top or break down below it?