The ATM shuts down

The market is weak today after Home Depot and Sears reported poor earnings. Sears is having problems with sales of big-ticket appliances, Home Depot is geared to construction.
On a macro note, the housing slump is finally getting down to the consumer level as the ATM of refinancings has been shut down. That's not all bad -- the weakness implies lower interest rates, which will the seeds for a recovery.
On a micro note, it will be interesting to see Lowe's report -- the two stocks usually trade in lockstep, but HD has been the stronger lately. A paired trade, long LOW and short HD, might work here.