Pre Market - July 17th 2007

We have some good earnings reports coming out this morning so far. JNJ beat estimates, Merrill Lynch beat estimates, and Coca Cola beats estimates. Early the futures were down but started turning upward after earnings reports were being released. The financial sector (which was a drag on the market yesterday) is today looking better. With the good earnings from Merrill and an upgrade on American Express this morning I'm looking for a rebound in the financial sector today.

Current RebelTrader swing trade NetGear (NTGR) got a boost this morning from JMP Securities. JMP says this morning that demand for NTGR products has been exceptionally strong.

We are waiting for the June PPI data to be released at 8:30am. We will see a move in the futures following the data.