Stocks aren't doing much this morning but what a week this has been. The Dow Jones Industrial Average closed above 19,000 for the first time in its 120 year history. The NASDAQ, S & P 500, and Russell 2000 also finished Tuesday's trade at record highs. This is the first time that's happened in two straight sessions since 1998. U.S. stock markets will be closed tomorrow for Thanksgiving and have a shortened trading session Friday. Hewlett Packard Enterprises ( (HPE) ) is dropping after earnings. The company capped its first year as an independent company by posting lower quarterly revenue and profit. Hewlett Packard Enterprises is one of two companies created by the breakup of Hewlett Packard a year ago. We may hear more about President-elect Donald Trump's cabinet today. There are reports that former Republican presidential candidate Ben Carson has been offered the Housing and Urban Development post and South Carolina Governor Nikki Haley is said to be in line for the UN Ambassador.
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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.