Good morning. On this first day of December premarket futures point to a positive open for the market. We all know the stats - the market tends to rise on the first trading day of a new month and given this week's consolidation of recent gains, there is foundation for a strong trading day ahead.

While the economic data is in focus (same stores sales, personal income & spending, unemployment benefits, ISM, auto sales), we know that investors will take their primary trading clue from the tape itself. The current perception is that like last year, December will be a good month for the market and build further on November's impressive gains. Like always, perception is reality. Have a productive and profitable day!