The Market On Tuesday

  Good morning. It is 72 degrees and sunny here in the Upper Hudson Valley. The weather logos are predicting rain over the week. If you live in this area you are well acquainted with how quickly the weather can change from hour to hour so even though it's gorgeous out a sudden change to rain would not be surprising. We see that things are heating up between Israel and Palestine over the deaths of three Israeli teens who were hitchhiking through the West Bank. Israel is blaming Hamas and that certainly seems plausible. It's just horrible and so utterly unnecessary.

  At 8:15 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.

  On Friday investors will parse government data on the state of the jobs market during the month of June. This is a very important piece of data as it directly reflects on the health of the US economy. Note that many of the articles recently are almost stunned by the stock market's continued bull run and are almost seeking relief from the notion of a strong correction. This is a too much of a good thing is bad sentiment. That will certainly happen as the market's fluctuation is part of the game. However if soon to come second quarter corporate reports come through as desired or better than expected then we could see the DOW in even greater heights. That is a big if.

CNN: Stocks: 4 things to know before the open

The U.S. government will report on the health of the construction industry in May at 10 a.m. ET...

In the afternoon, the Commerce Department will report data on vehicle sales from June.