Well this week kicks off earnings season right in the middle of the euro zone storm and ahead Wednesday’s FOMC statement.  Markets are coming off a 2 week losing streak that seems to be carrying over to this week as future fair value has the Dow lower by 27 points, the S&P 500  down as much as 2.92 points and the NASDAQ which was the only positive index for 5 weeks straight is now looking at lower open of .39 points.

The only key piece of economic data today is the May consumer credit numbers due out at 15:00 EDT. Traders are looking for a $7.8 billion increase, over April’s $6.5 billion.  Markets will be focused on the FOMC Wednesday and gold will take its cue from the Fed’s next move.

Stocks trending ahead of the bell are: