Dow Jones Industrial Average Looks to Snap Slump as Eurogroup Meets

After two straight days of losses, the Dow Jones Industrial Average (DJIA) is fighting for a positive start this morning, with futures moving higher. This potentially strong start runs counter to the action overseas, where European equities remain derailed by Greece's financial situation, even as eurozone leaders meet today to discuss more options. Back on the home front, there are several economic reports slated for release today, ahead of the unofficial kick-off of second-quarter earnings season tomorrow. 

Continue reading for more on today's market, including:

• Even amid short-term noise, Schaeffer's Senior VP of Research Todd Salamone highlights 4 reasons bulls should be hopeful. 
• Despite a rally in Shanghai, these 6 China-based equities got demolished yesterday. 
• GoPro Inc (NASDAQ:GPRO) wasn't the only high-profile security to end lower despite a major announcement. 

And now, on to the numbers…

Futures on the Dow Jones Industrial Average (DJIA) are 53.4 points above fair value. 

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 689,268 call contracts traded on Monday, compared to 446,441 put contracts. The resultant single-session equity put/call ratio edged down to 0.65, while the 21-day moving average increased to 0.65.

• The U.S. dollar index is up 0.7% at 96.94.
• Crude oil is off 0.2% at $52.44 per barrel.
• Gold is down 0.8% at $1,164.00 per ounce. 

Earnings and Economic Data

U.S. trade data is due out today, along with the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) and the Fed's monthly consumer credit report. The Container Store (TCS) and MSC Industrial (MSM) will report their quarterly results. To see what else is on this week's agenda, click here.

Overseas Trading

For a breakdown of today's trading in Asia and Europe, including a continued slide for Chinese equities, read Overseas Trading: Shanghai Stocks Back in Sell-Off Mode. 

Unusual Put and Call Activity