Durable Goods & New Home Sales

Good morning. Premarket futures have been volatile as investors brace themselves for the 10:AM report on new homes sales which are expected to drop to their lowest level in seven years. While sentiment improved after a stronger than expected report on durable goods, it appears investors are on hold until they have more information on how bad the housing market has become. Beyond today's economic reports, the newswires are fairly quiet.

Notable premarket gainers are MENT, ARNA, CCBL, DSTI, MPEL, OMTR, WFMI, ASIA, ANN, ACH, OATS, RFMD, BRCD, BCSI, MT, FLML, and MICC. Premarket losers are CSUN, SNIC, MRVL, LLNW, CROX, and RIMM.

I'll be watching how the market responds to the housing data this morning (especially if the bears can take control) as well as spending every free moment today on the monthly Q&A with members. (I have a lot of questions to cover.) If all goes well, I should have it posted by the closing bell. Have a good day!