Ahead Of The Fed

Good morning. M&A dealmaking between Bunge (BG) & Corn Products (CPO) and Republic Services (RSG) & Allied Waste (AW) have created a positive bias. In addition, oil prices are higher in spite of a promise by Saudi Arabia to boost supply over the weekend.

Premarket gainers: CPO, ONXX, GTCB, BQI, CMOS, DMRC, BCE, NCOC, ROYL, VNDA, IPI, BG, GLW, CSIQ, FSLR, ESLR, CME, JRCC, FWLT, NGAS, RIMM, SIRI, MRVL, & SOHU.

Premarket losers: JBHT, DELL, AMLN, CRVL, ACOR, UAUA, SQNM, RBS, MOT, CCL, GFI, RTP, & MPEL.

Tomorrow the FOMC meeting begins with an interest rate decision due out at 2:15 Wednesday afternoon. Both today and tomorrow market participants will make some adjustments ahead of the Fed.

Along with end of the quarter window dressing and oversold conditions, we have a relatively good chance for a rally this week. Let's make the most of it.