"Stock futures suggest a slightly higher start for this week's final session. That would add to, or at least help lock in place, the stock market's week-to-date gain, which currently stands at 0.7%. The S&P 500 has already booked six straight weekly gains. Though that stretch is certainly suggestive of a bullish trend, stocks have had an increasingly difficult time setting new highs. Such difficulty has given way to calls that the stock market is overbought in the near term. Of additional concern is the continued uncertainty related to the fiscal health of Greece. While European Central Bank President Trichet has helped quell some of that concern with statements that Greece is not in a position to default, many remain wary if not skeptical, especially as ministers of the European Union remain bent on producing a specific plan that could provide emergency aid to the country. Aside from the headlines from Greece, overall news flow has been slow and economic data has been absent. There is a wholesale inventory report due at 10:00 AM ET, though."
(Briefing.com)
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