TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said it's news that J.C. Penney (JCP) is closing up to 140 stores, "because we had felt that they were doing better." Cramer also recaps Nordstrom's (JWN) latest quarterly results.
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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.