NewsWare's Trade Talk: Friday, January 26

S&P Futures are slightly negative this morning. Earnings announcements after the close yesterday is creating weakness this morning. INTC's report was very poor and is off 10% this morning. This morning before the bell The Personal Income & Outlays report is due out, this is an important inflation report and likely to create volatility. In Europe, stocks are very strong due to strong earnings reports in the luxury goods sector. Oil prices are weakening but are likely to finish the week off with a gain.