Relatively Quiet

Good morning. Following impressive gains last week, investors will be looking to at least hold onto the bulk of those gains for the rest of the month. A surge in oil prices and some angst as we enter earnings warning season is in focus.

Stocks moving higher in premarket trading are GROW, BSTE, ALXA, OSIR, ISIS, MEND, IDEV, SWIR, ASYS, NVTL, HOKU, PRGX, CECE, PDLI, BRCD, RNWK, STEM, NBIX, DELL, DSTI, HANS, EPEX, and SBUX. Moving lower are ZONS, CVTX, PGIC, LEND, PALM, and FNDT.

Relatively, it is very quiet for a Monday morning. We have the new home sales report at 10:AM that could shake things up a little following the better-than-expected increase in sales of existing homes on Friday. Analysts expect a rise of 995,000 from 937,000 in January. Also, the Chicago Fed is expected to release its national activity index.

Historically, the end of March hasn't been very promising for the bulls and coming off of last week's Fed-inspired rally, investors will be looking for new catalysts to prove that last week's rally was not just a huge and temporary short-squeeze. Whether they find them or not will likely determine where we'll end up by Friday afternoon. Let's make it a great week!