Good morning. Premarket futures have been volatile this morning as investors sort through a batch of earnings reports that were for the most part not as bad as previously feared (WFC, INTC, ABT, CSX) and another drop in oil prices. However, a much higher than expected CPI has restrained overall premarket sentiment.

Premarket gainers: ASYT, ANR, INTV, WFC, CXO, WLT, TSL, CSGP, FRE, ICOC, ALTR, LCC, WM, FNM, LEH, MEE, JAVA, BEAV, CIT, JRCC, INTC, & CHNR.

Premarket losers: NMX, CBI, FBN, OESX, ASML, NITE, STX, CRME, RBS, STX, PAC, INFA, BCS, CLF, & PDO.

Both Bernanke and economic data will keep traders busy today. At 9:AM we have the Treasury International Capital report, at 10:AM Bernanke will give his semiannual testimony before the House Financial Services Committee, and at 10:35 we have the weekly oil inventories report. This afternoon the housing market index comes out at 1:PM and the FOMC minutes at 2:PM. Indeed, another busy day with lots of data to ponder beyond earnings reports.

Have a wonderful Wednesday!