A Quieter Week Ahead

Good morning. A number of merger deals (see IFIN, TRI, LEA, MLS) top this morning's headlines while investors prepare for a quieter week than the past few. The 10:AM ISM Non-Manufacturing Survey is today's only economic datapoint.

Premarket trading is also relatively low key though buying interest can be found in shares of NVTL, ANAD, RDCM, HERO, CBLI, NYNY, SIFY, OMTR, INWK, CTSH, CLWT, ESLR, CROX, BRLC, RVBD, RMBS, MICC, CRNT, ZICA, and KLAC. Stocks showing sell interest are CBRX, TOMO, NOVL, MRVL, SHPGY, ASML, and ACGY.

Given last week's gains, few expect much from the market today. Working off the current overbought condition with some sideways trading would be a good thing if the bulls will let it happen. Let's have a terrific week!