At the moment, the major stock index futures are all trading higher ahead of the opening bell. The S&P 500 Index e-mini futures (ES Z1) are trading higher by 13.25 points to 1143.00 per contract. Traders are bidding the market higher on expectations of another European bailout program. The details are really unknown at this time, however, this European bailout package is expected to include some write downs of debt. All writes downs are is a another fancy way of saying default. Traders and investors can simply follow the U.S. Dollar Index instead of listening to news out of the European Union. When the U.S. Dollar Index declines the major stock market indexes will bounce and trade higher. If and when the U.S. Dollar Index rallies the major stock indexes will decline and trade lower.
