Good morning. Investors are digesting another round of mixed earnings reports, more bad news on foreclosure activity, higher oil prices, and a much better than expected durable goods orders report. Premarket futures have been volatile this morning, but current show a positive bias.

Premarket gainers: RVBD, JNPR, SAIA, ANGO, RS, NFLX, MSO, NSIT, VISN, BUCY, MTL, NUVA, AMLN, VDSI, CSIQ, CYBS, CLF, FNB, HUN, DVA, BCS, & CSCO.

Premarket losers: CROX, AFFX, CPHD, SIRF, IBKR, NLS, CYMI, VSEA, SGLP, WDC, LSCC, POWI, EPIC, COLM, WM, ANF, ES, CVCO, VLCM, ES, ACTG, & NETL.

At 10:AM we have reports on consumer sentiment and new home sales and, much like all of the data these days, expectations are low.

The market folded like a cheap suit yesterday as it ran into first level of overhead resistance. The bulls really need to step up and show some conviction in those "play the bounce" positions now or the hard fought gains recently will be squashed in short order. The good news is that we have a trading range to work with using the recent highs and lows as a technical framework to trade in, especially for those of you trying to squeeze a few short-term profits.

Have a great Friday!