Market Unsure of Direction At Open

The market has not yet cut itself a path for today's open, and futures have spent the morning swinging narrowly between red and green.

The major indices are looking a little tougher after holding on to last week's spectacular gains in thin and quiet trading yesterday, particularly since most market observers were expecting profit-taking. But futures are dipping into the red this morning and the market will probably remain in a trading range ahead of economic data due out Thursday and Friday of this week.

At 9:11 a.m. EDT, the S&P 500 futures were down 1.5 points, just fractionally below fair value and not much of an indication for the early going. The Nasdaq 100 futures were off 12.5 points, after swinging in a narrow range earlier this morning, an indication of some negative sentiment for large-cap tech stocks at the open. ...