Quiet Day

Good morning. We're set for a positive open helped mostly by strength in overseas markets. Overall, it's a relatively quiet day so far with focus only on interest rates concerns and rising oil prices.

Premarket gainers: REXX, ABPI, ETFC, ALVR, AGU, DIOD, PPCO, BIIB, APWR, CRDC, GRO, DCI, CSIQ, JASO, ANAD, COIN, NT, ROYL, SOLF, POT, LEH, SPLS, ESLR, & DRYS.

Premarket losers: HOFT, SNIC, OXM, BWP, MCHP, CENT, JBLU, SNCR, CMGI, AA, DNDN, UAUA, AAUK, GOLD, RBS, & QSII.

Along with more Fedspeak and the government's weekly energy report at 10:30AM, the Beige Book will be released at 2PM.

From my point of view, because premarket activity isn't providing a very good read to the day ahead and there's simply not a lot of news to work with in the early going, I'd wait until we see how oil prices respond to the supplies data. Have a wonderful Wednesday!