The Market On Tuesday

  Good morning. It is 15 degrees and sunny here in Upstate NY. The weather logos are promising a steady stream of days above freezing starting with today. A tiny hint of Spring temperature-wise is here. Yes we are completely exhausted from the unrelenting bitter cold. I can't recall a more extreme February and March. We've gone through a period of beyond tenacious cold.

  At 8:40 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  Investors are weighing two major world events - the annexation of Crimea by Russia and how that will affect Russian and virtually all Western countries, and Janet Yellen's first meeting as head of the Fed. How you might ask can we equate these two things. The answer is that this is viewed strictly from the investment and world economy point of view AKA how does this effect profits. It looks like there is a little more uplift to go after Monday's intense rebound. Of course how it all shakes out at the closing bell is another issue.

CNN: Stocks: Investors hope for more gains

But concerns remain that the situation in Ukraine will continue to dominate the headlines, putting further strains on Russia's relationship with the U.S. and Europe.

Investors are also monitoring Janet Yellen's first meeting as head of the Fed.