There's plenty of charts to look at this morning as we're starting to see more of a divergence among stock indexes. The Russell is the weakest of the bunch and the transports continue to caution that something bigger may be underway. There's ways to take advantage of that via stocks like FedEx and Transocean, and I wouldn't mind setting up a few of them as pairs trades. There's a few stocks out there that could care less what the market's doing and I still like them to the long side, but I'd like to have a few put plays as well. All that along with the latest on our current positions and expectations into the end of the week.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.