Futures were initially down when trading started at 8 PM as the fear of a market bubble continues to rise amid speculative retail trading. However, futures turned positive around 10:45 PM EST.

“We think that the vulnerabilities are there, and while we do not know precisely which catalysts might emerge or their exact timing (including some of the recent retail-oriented pushes against heavily shorted stocks), we suspect that they would derail the current rally and provide entry points that may be 10% lower,” said Tobias Levkovich, Citigroup’s chief U.S. equity strategist.

• Dow futures were up 64 points, or 0.21 percent
• S&P 500 futures were up 0.18 percent
• Nasdaq futures were up 0.09 percent.

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