Morning folks. futures gapping down slightly on global issues over the weekend... China raising rates (big inflation in the works there), european debt issues,etc. Earnings will be front and center this week with over 100 of the s&p reporting this week. Reactions to earnings last week were muted to not so good. Usually during this season I see quite a few earnings breakouts and big momo plays developing post earnings of companies. Last week I saw a couple and neither one looked worth playing. Its looking like stockis are getting faded on guidance the earnings themselves are fine but the street is fading guidance. That will be soemthing to keep an eye on this week if that continues it could be a bloody earnings season with limited upside. The s&p is looking at .5% lower opening. Oil (uso) down 1.42%, GOLD (gld) .5% , silver (slv) .38%.