With the first two trading days in the bag markets look to be setting up for a lower open as traders focus on Friday’s delayed non-Farm Payroll results for October. 

U.S. economic data is thin today with only the Institute for Supply Management monthly non-Manufacturing Index results scheduled at 10 a.m. ET release.

Traders will continue to parse through slew of Federal Reserve bankers speeches from Monday.

Several US central bankers spoke late on Monday about the US Federal Reserve’s taper plans.  St. Louis Fed President James Bullard, Fed Board Governor Jerome Powell and Boston Fed’s Eric Rosengren all spoke late Monday.

All 3 men reiterated the Central Bank’s huge stimulus bond buying program will continue until the U.S. economy can stand on its own and the unemployment rate drops.

On Thursday Twitter should be priced for its IPO.  It will be tough to get in on the IPO price this could be work out well for retail investors as history tell us there is good chance we could be presented a buying opportunity below the IPO price.

One other item to note – the S&P 500 is now up 24% year to date and with the market feeling bubbly going into the end of the year we could find traders looking for an excuse to take profit causing some volatility going into year end.