TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said the cold weather is helping retail stocks including Columbia Sportswear (COLM) and VF Corp. (VFC) . "Their stocks, for me, are indicating that things got better," Cramer said. Colder temperatures prompt consumers to purchase big-ticket items like coats and boots, said Cramer spoke from the floor of the New York Stock Exchange.
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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.