Good morning. Premarket futures are pointing to a flat start as investors look for any reason (or no reason) to move the market higher.

Earnings from Cisco Systems (CSCO) and Disney (DIS) along with a marriage of Sprint Nextel (S) and Clearwire (CLWR) are in focus along with hawkish comments by Thomas Hoenig and first quarter non-farm productivity report.

Premarket gainers: ONNN, UTSI, MFLX, CLWR, ALVR, SVR, OPTV, ONNN, KOPN, SPPI, RIG, CRNT, CHRD, S, GMXR, HSVLY, VDSI, AFN, NE, DIS, EMKR, EP, CRMH, GPOR, FWLT, SVR, STP, DTV, CSIQ, and CMCSA.

Premarket losers: SNCR, JKHY, CELL, CTSH, THQI, HK, BZH, EXP, OSUR, INFY, RFMD, CSCO, HAR, BIDZ, ITRI, CUTR, and CEPH.

At 10:AM we have a report on pending home sales and 30 minutes later the weekly energy report. The latter, no doubt, will be closely watched as oil prices dominate the headlines.

All in all, we don't have a lot of economic or earnings catalysts to sway sentiment this morning, so everyone will be looking for the next catalyst as we trade through this hump day. The market's technicals and the current uptrend channel under development (see last night's post) will be monitored closely as well as whether they can produce a sustained breakout above S&P 1425.

Have a wonderful Wednesday!