U.S. stocks opened higher Tuesday. The Bank of Japan is staying put on interest rates but will continue to stimulate its economy as it worries about exports and output. Amazon (AMZN) founder and Chief Executive Officer Jeff Bezos will travel to Cape Canaveral to unveil plans for a new Shephard rocket from his Blue Origin Space Company. Blue Origin is set to become the third new space company to launch at the Cape in Florida. The plans for Blue Origin is to send tourist astronauts into space and also to carry scientific equipment to do brief in-space experiments during the estimated 3 minutes of microgravity the capsule would experience. Yum Brands (YUM) Taco Bell chain will debut a new restaurant concept next week that will bring on booze. It's dumping the drive-thru and seeking to appeal to hip, young city dwellers. The first such restaurant will open in Chicago.
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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.