Earnings will be coming in full gear today, but even if they were to be good, stock investors will question the sustainability of such results given high oil prices.
Considering that it's a bank holiday, there are no earnings and no economic numbers, Dell could be one of the few points of interest today.
Earnings may prove to be a good distraction from what's been going on with energy prices. But managers, including myself, are asking themselves how long companies will be able withstand oil prices at these levels without being hurt.
The confluence of three themes today -- energy prices, earnings and economic numbers -- should make for an interesting market.
The market is apprehensive and hesitant in its conviction, waiting for clearer earnings direction from perceived market leaders.