The Market On Tuesday

  Good morning. It is 37 degrees, gray, and ever so lightly misting/raining here in the Upper Hudson Valley. The transition towards Springlike temperatures has been extremely gradual in this part of the country. Tomorrow the forecast has it going down below freezing and the low in the teens. This is one stubborn Winter as it were. It's hard to believe but Friday is the first day of Spring. One thing we do have that is Springlike is the light, we are approaching 13 hours of daylight per day if you include the 1/2 hour before and after sunrise.

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

  The Fed begins a two day meeting today and all eyes will be focused on any indication that base interest rates will be raised. The low interest rates and quantitative easing have fueled an incredible long lasting bull market. Change is in the air, actually change is always in the air.

CNN: Stocks: 5 things to know before the open

The key word is "patient." Analysts are speculating if that word is dropped from the Fed's statement, a rate hike could be on the cards as early as June.