Energy stocks should find support in the oil price and the earnings news will support the broader market. It is difficult to see any negative factors.

The oil price remains high and that might help energy companies. Otherwise, it's a mixed picture.

The oil price and the rally on Wall Street will definitely help us move higher today.

Last month, the Energy Department almost doubled its long-term oil price forecast. That means gasoline prices will continue their upward trend. At the same time, the signs of global warming are clearer than ever. Simply by choosing the most efficient vehicle in each class, we could cut our average gasoline bill by $510 a year, while cutting carbon emissions more than 30 percent. So whether it's for your pocketbook or for the planet, there has never been a better time to buy a green vehicle.

It brings it back to oil. As long as energy is making new highs, Treasuries will rally.

Energy stocks will fall more if oil prices pull back further.