US market are set to open higher as I type this following a gain of about %3 for the DOW, Nasdaq, and S&P 500.

At 8:30 investors will get a reading on housing and building permits [1] for April.

Home Deport earnings are also set to be announced before the open.

Stocks in Japan rallied about 3% overnight and European markets are also up right now.

Stock trading investors [2] will have to face stiff resistance at the recent highs of the major market averages - around 930 on the S&P 500.