NewsWare’s Trade Talk: Wednesday, July 13

S&P Futures have been displaying a slight gain all morning long. The key catalyst for today is this morning's CPI release due out 1 hour before the market opens. Oil is slightly higher this morning after a dropping 7% yesterday. One hour after the opening bell, the EIA will release the official stockpiles report. Earnings season is getting underway, tomorrow we will have earnings reports from JPM, MS, CAG, TSM and others.