News Formal

The charts warn that stocks are due for a pullback, Jim Cramer says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Because the Volatility Index has not gone lower, 'you need to be careful when you see the averages rallying like this morning,' Jim Cramer says.

Carmer said "the charts, as interpreted by Mark Sebastian, suggest we are due for a bit of a pullback."

The S&P 500 in the past five trading days has expanded 5%. The VIX index initially fell from nearly 19 points, which Cramer called "textbook rally action." However, the volatility measure has hovered in the high 15-point to low 16-point range since Thursday's session as the S&P kept climbing. Sebastian, Cramer explained, does not expect the market to dive as dramatically as it did in January 2018. Still, there's reason to be cautious.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer: 'The bull is fatigued,' froth is easing up and the market is ready to recharge'We've had a colossal rally. After this kind of run, the bull is fatigued,' the 'Mad Money' host says. froth is code for pump. fatigue is code for dump
Source: CNBC - 🏆 12. / 72 Read more »