6-11-12 Premarket Open

Futures are up following this weekends announcement that Spanish bank would get Euro100 billion credit line from the European Union. Although futures are positive, I would have thought they would indicate a more positive open.

Stock Futures

Americas

Index Future	Future Date	Last	Net Change	Open	High	Low	Time
DJIA INDEX	Sep12	12,552.00	+49.00	12,628.00	12,672.00	12,548.00	08:39:02
S&P 500	Sep12	1,326.20	+4.20	1,332.10	1,341.90	1,325.70	08:38:57
NASDAQ 100	Sep12	2,566.50	+9.50	2,589.00	2,597.00	2,564.50	08:39:02

The market looks to be at a resistance point. The SPY is likely to open up this morning and may move to the 50d MA. Volume has been light to the upside and sellers may come in between $134 and $136 level.

The dollar is weaker as the Euro strengthens. The dollar may consolidate, but continues to look strong.

 Pre-open, the GLD is up marginally, but has flipped-flopped between green and red, confirming the indecision of investors/traders in my opinion. While the SLV is trading more positively. Remain positive on coal stocks for a long-term investment, but sitting in losses on the trades.