The Market On Wednesday

  Good morning. It is 39 degrees and overcast here in Upstate NY. The forecast is predicting sunshine today with a temperature approaching 60 degrees - it's been a long time coming. It's nice to get up and it's not 5 degrees out with howling winds. My yard is practically snow free at this point although the high mounds of snow piled in parking lots still remain. I am truly happy to get into the warm weather and leave the winter behind.

  At 8:45 a.m. ET futures are modestly higher and the price of oil per barrel is down. The market is poised to open slightly higher.

  Well, in spite of our permanent fear of a new recession or major market correction, the market continues to advance. The ADP report which precedes the official government report on job creation in March to be released on Friday, suggests a better than expected number of 191,000 new private sector jobs. That is better, not phenomenal, but better. We are clearly far from a fluid job market period, things are very tight as we know, but there is slight progress.

CNN: Stocks: Pushing cautiously onto new ground

Steady economic growth and continuing stimulus from the Federal Reserve is keeping sentiment upbeat.

April is typically the top performing month of the year...

The US ADP employment report said 191,000 private sector jobs were added in March