After volatile trading that ended positive yesterday, markets are looking for further gains this morning ahead of key housing data. 90 minutes before the bell, Dow futures are up 15.00 points to 10,844 and S&P 500 futures are 2.00 points higher at 1,170.75. Meantime, WTI crude oil is up 6 cents to $82.23 per barrel, and Spot Gold is up almost a dollar to $1,110.70. Reversing earlier losses, the dollar index came off a 4-day low overnight, though it remains relatively soft this morning. Earlier in the day, Chicago Fed President Charles Evans told Bloomberg TV the unemployment rate could remain higher than 9% for the rest of the year. He also said the FOMC statement’s use of the words “extended period” for accommodative policy suggests no change for a six month period. In...(read more)

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