The market's been getting positive news from GM, oil and semiconductors. But we have the quadruple witching to contend with, which could lead to a lot of volatility, so even though we're up now, we could open anywhere.

The market looks good here on a technical basis, but you're also starting to approach some overbought areas, which could send us lower.

The major problem weighing here this morning is Dell, ... They missed revenue projections by a lot, and their earnings were also at the low end of the target, so that is reminding market participants that there may be a consumer slowdown taking place.

Hopes for a good report on consumer confidence today is helping stock futures this morning. Any signs of higher confidence, which turn into higher spending, will be supportive to the markets.

Intel is going to have to have a very, very good report, or we could see more selling in that sector.

I'm hoping that because we've gone through virtually a whole month of selling, we'll be in a position to get a good bounce off of the bottom of the trading range.

The last thing we need is crude moving back to the $70-a- barrel level.

This is a very difficult market to figure out. I think you have a lot of buying under the surface, but professional traders are hedging themselves and that's causing this lack of volatility.

The yield curve is beginning to frighten people.

It's interesting to see gold prices so high, it is certainly something traders will be paying some attention to.