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The home improvement sector has a lot of momentum and Lowe's should be able to capture that strength.
When the government cuts spending, that equates to lower incomes and lost jobs.
The woes of Cathay Pacific and Singapore Airlines, which both recently posted losses, underline how hard it is to make money out of flights from Asia right now.
Traders could raise their sell stop protection to a close below $83.
Investors could look to add on any pullback in European assets.
Instead of a strong market reaction to headlines, traders are more focused on the price action of the market.
The anomalies tell me there is little rationality to the prices of oil and oil service companies right now.
The automaker has named a new CEO, but that isn't changing the technical outlook for the stock so far.
Big jumps in volatility accompany "momentary lapses in reason" which take people out of stocks at the wrong time.
The vast majority of the volume traded in this market is by computers that care only about price action, not news developments.

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