GOIH Capital Markets: Market Overview

Our indicators see the market opening lower today due to weakness in Home Depot (HD) and Lowes (LOW), Target (TGT) and the other consumer retailers. As we have reported here in earlier posts the consumer is tapped out and especially in the home products retailers HD and LO the outlook is not positive.

We see GM trading lower due to the strike of the UAW. It's estimated that the strike will costs GM $5.0 billion if it lasts for very long. GM will lose about $100 million per day during the strike.


See a little weakness in Apple (AAPL) due to making a new high on Monday.


The Feds rate cuts were largely symbolic and of little effect to the consumer's confidence.

The homebuilders are continuing to see weakness in their stocks with Lennar reporting today and is down in the premarket indicating lower earnings.

We will update during the day as our models generate trading ideas and information.