The Market On Monday

  Good morning. It is 29 degrees and sunny here in the Upper Hudson Valley. The forecast has the temperature rising near 50 degrees today. Quite a bit of the thick snow coverage melted away over the weekend and right now I would say the ground is 60% covered with snow and ice. I hope you had a good weekend. I'm still recovering from the last bit of a really deep flu, there's still some coughing and such but overall I'd say I'm 90% better.

  At 8:30 a.m. ET futures are moderately higher and the price of oil per barrel is down now below $45 a barrel. The market is poised to open higher.

  I'd have to go with a planned Fed meeting this week for the most salient award. It is anticipated that the Fed will raise base interest rates this Summer. Otherwise look for energy stocks to continue to be pelted by the cheap price of oil.

CNN: Stocks: 6 things to know before the open

Most European markets are rising in early trade, with Germany's DAX pushing above 12,000 points for the first time, as the newly-launched money printing program by the European Central Bank continues to support stocks. The DAX is the world's hottest market so far this year.