The Market On Monday

  Good morning. It is 64 degrees and sunny here in Upstate NY. Although the humidity percentage is off the hook, somehow it doesn't feel so bad. Are we adjusting? I hope you had a good weekend, mine was busy as usual. I am rehearsing for a gig this upcoming weekend, so I'm spending a lot of time taking the guitar through its paces. I am a new fan of gypsy jazz guitar music and have focused on trying to cop as much of the style as I can. The music is more popular in Europe but so far regular audiences in my community have enjoyed it. Gypsy jazz is easier to connect with than modern jazz for an ordinary audience, it just is, that's the way the music is designed and that element of the music is important to me.

  At 8:10 a.m. ET futures are ever so slightly higher and the price of oil per barrel is up. The market is poised to open in the flat to slightly higher area.

  Last week Bernanke's words created enough of a happy zone regarding the abatement of quantitative easing. This has allowed the bull market to continue possibly for a bit longer and one wonders how much longer considering the DOW is at record highs. Regardless with the quantitative easing problem now on hold, the focus is back to second quarter corporate earnings reports. That is allegedly this week's focus barring any unforeseen events.

CNN: Stocks: Bracing for an earnings deluge

"...around 160 S&P 500 constituents are scheduled to report..."

...data on existing home sales at 10 a.m. ET.