Pre-Market

Good morning,

Overnight the Nikkei closed red, it's baby bounce halting for the moment. We had another stock exchange down for an hour, the Eurex, due to "Technical Issues" and volume in Europe is pretty low as the UK has a market holiday today.

In the US, the big a.m. news was the miss in Durable Goods

Released On 8/26/2013 8:30:00 AM For Jul, 2013

Prior Consensus Consensus Range Actual New Orders - M/M change 4.2 % -4.0 % -7.2 % to 1.4 % -7,3 % New Orders - Yr/Yr Change 10.9 % -0.3 % Ex-transportation - M/M 0.0 % 0.3 % -0.5 % to 1.5 % -0.6 % Ex-transportation - Yr/Yr 4.9 % 5.9 %

A print of -7.3 on consensus of -4.0 vs prior of 4.2 which came last time from Boeing and the Paris Air show. Computers, Transports and Manufacturing were surprisingly weak.

It looks like we'll open with gaps up, a nice one in the IWM.We'll see if the market fades early strength, I suspect it will at some point this morning.