The Dow Jones Industrial Average (DJI) is churning below breakeven this morning, as traders wait to digest today's slew of domestic economic data, including the latest durable goods and consumer confidence reports. Additionally, fiscal-cliff chatter will take center stage, now that talks over a debt deal for Greece have momentarily moved to the backburner.

"The sentiment polls we watch have been making big/reactionary moves for the past few weeks," said Schaeffer's Senior Trading Analyst Bryan Sapp. "It seems that when the market rallies, the percent bulls make a big jump; and vice-versa for the bears on sell-offs. Given that, it's fairly obvious people are confused here, and any sort of continued directional movement in the next week or two could lead to a rally into next year, as market sentiment could easily shift on a short-term basis."

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Futures on the Dow Jones Industrial Average are more than nine points below fair value.

Market Statistics

Equity option activity on the Chicago Board Options Exchange (CBOE) saw 738,138 call contracts traded on Monday, compared to 469,508 put contracts. The resultant single-session put/call ratio rose to 0.64, while the 21-day moving average fell to 0.70.

From the Trading Floor

"AAPL and Facebook Inc (NASDAQ:FB) were the main reasons the market didn't get crushed yesterday," continued Sapp. "AAPL rallied back up to the $600 level, which is also the site of its 200-day moving average. Elsewhere, the S&P 500 Index (SPX) remained atop the 1,400 mark."

Currencies and Commodities

• The U.S. dollar index is hovering slightly above breakeven, with the currency last seen near $80.27.
• Crude oil is on the mend, with January-dated crude edging 0.2% higher to trade at $87.93 per barrel.
• Elsewhere, gold futures are eyeing a down day, with the malleable metal 0.2% lower at $1,747 an ounce.

Earnings and Economic Data

Durable goods orders, the S&P/Case-Shiller home price index for September, the FHFA Housing Price Index, and the Conference Board's latest consumer confidence report hit the Street today. Meanwhile, ADT Corp (ADT), Analog Devices (ADI), Focus Media (FMCN), and Green Mountain Coffee Roasters (GMCR) take turns in the earnings confessional.