The Market On Tuesday

  Good morning. It is 30 degrees and sunny here in the Upper Hudson Valley. A sunny day in the 50s is expected. We see that Trump is now losing in double digits to Carson in the latest Iowa GOP caucus poll. Could this finally be the long awaited decline of the Donald or will he rally. It sounds like a reality show and the truth is, it is, no better no worse.

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

  Many large and well known corporations will be revealing their third quarter reports today so the market has the potential to really move one way or the other. Oil is trending lower towards $40 per barrel, presently it is in the $44 per barrel range after recently being in the $50 range. In addition to corporate reports, investors will be parsing data on home sales and my favorite - consumer confidence. Consume and be confident.

CNN: Stocks: 5 things to know before the open

The price of natural gas continues to drop, down another 3% to trade around $2 per million British thermal units. Prices have declined by nearly a third since the start of 2015, and losses have accelerated in the last few days. Oil prices are also falling by nearly 1% to below $44 a barrel.