PRE OPEN

Futures are trading up on the heels of the CSCO guidance and a new high on the DJIA (post bubble high on SPX) may be made at/near the open.

On the Wires:

BSC with positive comments on MOT; Piper sees solid upside for AKAM; ICE beats by 7 cents but light on revenues; GILD added to "conviction buy list" at GS; TASR says study finds "prolonged exposure from a TASER electronic control device has no abnormal respiratory effects on human subjects"; and its Wednesday, oil crop report at 10:30 est.

Gapping up BHP CSCO AVNX TIVO CELL NAPS CSC BRCM MOT and TSL.

Gapping down- WIRE VFC FRX WHR CAKE RL TYC MEDI RTP ICE and EOP.

A heads up on the recent range of the SPX/DJIA- Over the last four days, the SPX has had a daily range of 8.75, 4.85, 5.5 and 6.8 while the DJIA has been even more narrow with ranges of 67, 46, 51 and 47 points. The typical range on the SPX has been about 10 while on the DJIA it has been near 90 so we are set up for a range expansion; Question of when not if and today would not surprise me. And another interesting article on the short term 2 day RSI and Liz finally getting some press.