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Choppy Trade Before the Bell This Morning

Morning Notes
-Trading is mixed in overseas markets
-Interesting move in China- it announced it will change CPI data release to Saturday from Monday
-This move triggered speculation that rate hike will come soon, perhaps this weekend
-Hang Seng sold off 1.4% and the Shanghai closed down 95bps
-Nikkei, however, was up about 90bps, helped by a weaker yen
-German exports data came in weaker than expected
-Bank of France increase Q4 GDP outlook
-Dollar showing strength this morning
-Commodities are down a bit
-Nothing on the economic calendar for today (has been a quiet week so far for economic data releases)
-A couple of positive corporate news in the U.S., however: HD announced an improved outlook, raising FY11 guidance and COST reported solid earnings
-S&P futures are somewhat choppy this morning; currently up 1.5 handles from FV, trading on the S3 buy pivot signal

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.