Good morning. Premarket futures are flat as the herd remains in search for a catalyst. Once again the newswires are relatively quiet.

We have just a handful of noteworthy points on the docket. In addition to another crude inventory report and the September wholesale inventory data this morning, traders will on Fed watch as several FOMC members speak. I also suspect given the pre-market hype over several IPOs set to debut (SFUN, BWP, IRBT) that quite a few traders will be focused on those. Notable premarket movers include IIJI, ASEI, JMDT, TARR, ARXT, SOHU, SLGN, BMD, QTWW, JADE, & PIXR. And, just in case you didn't get the memo, we have another earnings report from Cisco Systems (CSCO) after the closing bell.

Let's see if the bulls have enough strength to keep the pressure on. As you know, if they don't, it will be cause for concern in my view. Have a wonderful day!