Economic Reports Due out (Times are EST): Challenger Job-Cut Report (7:30am), Jobless Claims (8:30am), Productivity and Costs (8:30am), Bloomberg Consumer Comfort Index (9:45am), Bernanke Speaks (10am), EIA Natural Gas Report (10:30am)

Premarket Update (Updated 8:40am eastern):

  • U.S. Futures are Flag with a slight negative tilt
  • Asian markets were up strong ranging from +0.6% up to 2%.
  • European markets are up trading down about about -0.2%

Technical Outlook (S&P):

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