The Market On Monday

  Good morning. It is 62 degrees and the sun is starting to make its way out from behind some clouds here in the Upper Hudson Valley. The weather logos are indicating it could be a very wet week. I hope you had the chance to see last night's spectacular eclipse. Many people in my neighborhood were out on their lawns watching the moon turn orange/reddish in color. At the same time the initial look of Fall is beginning to descend on the foliage. I look forward to NASA's announcement later this morning on Mars.

  At 8:50 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.

  The market is churning out a sea of red lately and the price of oil continues to decline. The story about Shell shutting down Alaska offshore drilling is good environmental news although I'm sure those workers are wondering how they will provide. This oil glut reconfiguration looks like it's here to stay for a while. I'm reading 2016 may not be much different although I have my doubts about the accuracy of long term projections.

CNN: Stocks: 4 things to know before the open

Oil giant Royal Dutch Shell announced overnight that it would stop all offshore drilling in Alaska for the foreseeable future after a key exploration well did not yield sufficient amounts of oil and gas.