Market this Tuesday 9/18

[ron]

we have a positive bias into this am's opening on Lehman's earnings, coming in above average forecast. PPI, was -1.4% for August which is seen as beneficial, but will be temporary as the 6.6% drop in energy prices is not sustainable. Core rate was in line with expectations at +0.2%. Oil is at $80.76 a barrel. soaring home foreclosures top this morning's headlines.....Dow over 50 Points Naz up 8.65.

[ron]

Indices ususally ease after up open, reflecting caution ahead of Fed policy statement however, today we keep gaining - so far anyways...Dow highest levels for the day at 77 Points green to tape Naz up 9.38 rtq.

[ron]

almost all economic sectors green at this point...Lehman's , and Best Buy earnings seems to have served as catalysts so far for the indices to gain a continue sustaining those gains....Dow up 79 Points Nas up 10.22 rtq.

[ron]

mrkts screaming to the upside at this point with Dow printing highest levels into the session of more than 102 points to tape, Naz up 18....seems like a prevailing positive expectation out of Ben's Den is contributing to this sustained rally...all ten sector in positive territory as well. dow 105 rtq

[ron]

the indices are trading on a bullish note ahead of Fed's. however, the move has occurred on rather light volume, suggesting lack of conviction on part of advancers......Dow up 83 Points Naz up 12