The Market On Tuesday

Good morning. It is 58 degrees, gray, and damp here in Upstate NY. We are having a relentless period of primarily rainy gray days. This morning is slightly different in that there is no chill in the air. Out walking at 6 a.m. I had on a sweater and rain jacket. By mid walk I was down to t-shirt, fortunately it wasn't raining. Lots of joggers out this morning crisscrossing at the intersections, most were wearing shorts. The forsythia is out, the yellow and softer colors are all around.

At 7:50 a.m. futures are slightly up, the dollar is mixed, and oil is slightly down.

Its all about the Q1 reports right now. Its a big week for Q1 reports and that more than anything seems likely to sway the markets one way or another. With the DOW perched around 12,500, one might assume 13,000 would be the next mountain to traverse. Its always a crap shoot and it all depends on corporate earnings.

CNN: Stocks poised for earnings boost

Ford Motor reported its strongest first quarter in 13 years...


...data on both existing and new home sales, construction and permits have all come in better than expected...


After the start of trading, the Conference Board releases its Consumer Confidence index for April...


Oil for June delivery slipped 19 cents to $112.09 a barrel.