Overnight, the broad market equity futures traded in a narrow range. The Euro traded down slightly against the Dollar. Some weakness noted in Asian and European markets. Weekly jobless claims and personal income and outlays are announced to the lay trader at 5:30AM. Russell futures are near the 20 day simple moving average. My sense is that pressure is accumulating. Weaker jobless claims and personal income and outlays numbers could, more likely than not, push the broad equity markets to or below their 20 day simple moving averages. No big bad reversal patterns; nonetheless, further adjustments to the downside may be necessary.