In Need Of Support

Good morning. Premarket futures are in positive territory lead by strength in overseas markets.

The news flow is light this morning but focused on better than expected earnings from Aloca and higher oil prices ahead of the weekly inventory data at 10:30AM and a Iranian missile test fire.

Premarket gainers: UBLI, QLGC, SGXP, EMKR, OXPS, XCO, MELI, JRCC, CIR, FINL, JASO, STLD, HYGS, SNG, CLF, DSX, WB, SNHY, GIII, LYG, GU, GSI, CACH, MBI, IMB, & ABK.

Premarket losers: ARRS, ADBE, RCCC, RCCC, HANS, TXT, DRIV, PRXI, CSCO, CHK, TTES, NWA, CAL, MTSN, AUY, DRIV, & NCC.

At this stage, the market needs to find its footing and establish a support zone that we can work from before earnings reaction season gets fully underway next week. Have a wonderful Wednesday!