This morning, the S&P 500 Index e-mini futures (ES-M3) are trading higher by 1.00 point to $1609.50 per contract. It seems that the major stock indexes are holding steady ahead of the opening bell. The leading European stock indexes are trading slightly higher on the day so there is really no worry there. The one problem with the major stock indexes is that they are slightly overbought in the near term. At this stage of the game small pullbacks are possible.
Some leading stocks that are in play today after reporting earnings include McDonald's Corporation (MCD), Zillow Inc (Z),Walt Disney Company (DIS), and Toyota Motor Corporation (ADR) (TM). There could also be some activity in stocks such as Groupon Inc (GRPN), Rackspace Hosting Inc (RAX) as they will report earnings after the closing bell.
Below you may find the video.