The Market On Tuesday

  Good morning. It is 18 degrees with some clouds here in Upstate NY. This is not the week for a break in the cold temperatures and a glimpse of spring. No, it's been a severe winter even affecting the economy with some predicting that the GDP for this period will be short a half point all due to the cold. People don't want to go out in the cold and do business, and in some areas of the country like Michigan it's the coldest it's been in decades. All told, we are hardy and of good nature, we can cope.

  At 8:25 a.m ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.

  Investors have once again brought the indexes into record high territory. The sense is that some type of ground swell around this present trading range has to build to catapult the indexes into even higher territory. Everything I am reading suggests that the economy will be strong enough in 2014 to do this. Who knows but the next trading range would be the DOW hitting the 17,000 area. Predictions anyone?

CNN: Stocks: Pausing after strong session

...investors will get to review new home price data from the Case-Shiller index at 9 a.m. ET and the Conference Board will release its monthly consumer confidence measure at 10 a.m. ET.