\n\tEarnings are going well so far but it's the half-point drop in the Dollar that's boosting the market. \n\n\n\tInvestors are, so far, pleased about the way companies seem to be handingling inflation, pushing prices along to the consumer and that leads to more profits – even if they only reflect the inflation. PPI came in this morning showing a 0.5% increase in September, giving us an 8.6% rise for the year so far, accelerating from last month's 8.3% pace. The good news is, Fuel is up 11.6% and, to the extent that's not a long-lasting problem, prices should calm down a bit going forward – so the markets are happy today. \n\n\n\tWe may have reached Peak Pizza as Domino's (DPZ) dropped 3.5% this morning on a revenue miss but United Health (UNH) is up 3% and Walgreens (WBA) is up 2% – that's one we were betting on, of course. Bank of America is up a full 2.5% on a 58% improvement in profits over last year and Morgan Stanley is heading on the same path with a 36% increase in profits. \n\n\n\tWe will see how the Nasdaq handles the critical 15,000 line this week, the last two attempts were firmly rejected. The fall from 15,600 to 14,600 gave us 200-point bounce lines at 14,800 (weak) and 15,000 (strong) and 14,400 was an overshoot to the downside (same 200 point-zone below 14,600) so what remains to be seen is – are we consolidating for a move back up or back down?\n\n\n\tTech earnings come next week, so these moves are just noise while we wait for them. The S&P 500 is doing a similar bounce, having fallen from 4,550 to 4,300 which makes for 50-point bounces to 5,350 (weak) and 5,400 (strong) – so that's another line in the sand to watch this morning. Unfortunately, on the Retail front, 85% of those surveyed expect supply-chain distruptions to hurt holiday sales. That's going to affect on-line sellers as well.\n\n\n\t \n\n\n\t \n\n\n\t \n\n\n\t \n\n\n\t \n\n\n\t \n\n\n\t \n\n\n\t \n\n\n\t \n\n\n\tIN PROGRESS\n\n\n\t \n\n\n\t \n\n\n\t \nProvided courtesy of Phil's Stock World. To read the rest of this article now, along with Phil's live intra-day comments, live trading ideas, Phil's market calls, additional member comments, and other members-only features - Come to the winning side at Phil's Stock World by clicking here. To sign-up for a free trial membership, click here.