Housing, Confidence, & FOMC Minutes

Good morning. Without any new data ahead if the opening bell, premarket trading has been quiet. Overseas markets are lower and oil prices are down while the dollar rallies.

The key talking points seem to be a Citigroup survey which showed continued confusion about how the market may perform for the remainder of the year and news that Federal Regulators have increased the number of banks they have put on probation.

Premarket gainers: TMA, CLNE, DAKT, FTBK, DGII, SRVY, PMI, CHS, COH, CRM, DAL, LCC, NVAX, ELNK, FNM, CSR, FRE, & APC.

Premarket losers: MRVL, SIRF, COCO, MASI, DRI, CHU,GOLD, IDTI, HMY, SSL, NDSN, RTP, AEO, BRCM, ACGY, & JNPR.

Along with the Case-Shiller Home Price Index at 9:AM, one hour later we have the reports on consumer confidence and new home sales. In addition, the market will be focused on the FOMC Minutes from the last Fed meeting at 2:PM. With interest rate cuts being talked about overseas, many wonder when (not if) the Fed will soon cut rates here to stimulate the economy. The significant pullback in commodities have at least opened up that door once again.

Have a terrific Tuesday!