The Market On Monday

  Good morning. It is 17 degrees and snowing here in the Upper Hudson Valley. We are getting hammered with snow not just today but over the last few weeks. I am running behind my schedule mostly because I spent a good part of the morning clearing the driveway and I will need to do that again soon. It looks beautiful I must say, and it's great that we have plenty of water in this part of the world, but our mobility is somewhat limited unless you've got a snow hungry four wheeler type vehicle. Regardless, I hope you had a good weekend, we did.

  At 9:20 a.m. ET futures a significantly lower and the price of oil per barrel is up. The market is poised to open lower yet energy stocks might be a little more buoyant.

  The financial drama in Greece continues to weigh on the world market. Notice that oil has been more steady between $50 and $55 per barrel rather than the sub $50 low of a short time ago. Does this mean oil is on the rise? Who knows, it could very well drop if or when the glut synopsis is revisited. Meanwhile keep your snow shovels handy.

CNN: Stocks: Five things to know before the open

Greek Prime Minister Alexis Tsipras reaffirmed his rejection of the terms of an international bailout, putting the country on course for a showdown with its European creditors at an emergency meeting on Wednesday.