CNBC's Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline.
"According to the S&P oscillator I've followed for ages, we're very overbought right now," he said. "You have to hold your nose and sell something because we're due for a pullback." The S&P 500 Short Range Oscillator, one of his long-time favorite market indicators, helps signal when the market has become overbought and possibly due for a pullback, or too oversold and due for a bounce. In other words, it helps predict when the market will pivot.
The Oscillator is over 8%, which means the market is incredibly overbought and due for a pullback, according to Cramer.in October, though they fell on Monday. The Dow Jones Industrial Average jumped 13.95% in its best month since 1976, while the S&P 500 and Nasdaq Composite rose roughly 8% and 3.9%, respectively, this month.
"In this environment, you need some health, and consumer product stocks to start, then you pick up the industrials when you think the Fed's almost done tightening,On the other side, tech names are likely to be sold off in droves after seeing a disastrous earnings season, according to Cramer. He named
Why is he still with the network ?
is paid garbage. This is our market now ApesNeverLeaving
BULLISH AF!
Buy, Buy, Buyyy you soon of a
Has this guy ever been right? The handful of advice I’ve seen from him over the year is always dead wrong
🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡
What about Larry Williams prediction!
How is this clown still employed? 🤡
Time to buy 😃😀😊
The fix is in, get your piece everyone and buy, buy, buy
LFG!!! 🚀🚀🚀
Cramer said the low was in ? what happened? Monkey at the dartboard
Don’t cry this time Jimmy😢
Sorry, was this before or after I was supposed to buy Facebook and Nvidia?
I think he is bipolar; earlier same day he said buybuybuy
We need Cramer on an indefinite world cruise, without internet access.
He is such a loser
Dow just had its best month in 50 years!
Jim is a entertainer not a good one but a entertainer not a stock market analyst at one time in the past but he is lost now
What is Berkshire Hathaway doing ? That’s the advice I’d take
Where was he in January? Being a contrarian to Cramer has always been a great strategy.
What would buffet do ?
Time to buy boys! Was waiting to hear this. LETS GO!
This guy is bi-polar as hell when it comes to people's money. Jeez, can't trust this clown!
oh man, things are working out if doing the opposite of what he says.
Melt-up confirmed. Thank you!
🤡
Get ready for inverse or reverse reaction
Bottom’s in!
Inverse Cramer, time to buy.
It's time pulls the plug on this hack. Meta? He's the 'pump and dump' king....
So buy
Hedge funds must capitulate and cover. MOASS
Hold your nose because it stinks from all your bullshart
Ericardo4 time to load up on calls
😂😂😂😂
So go all in? With some leve- no.
Don't sell
This means BUY with both fists
I don’t understand why these clowns on TV think we’re all day traders or something. Buy good shit at good entry points (like now..), hold good shit and be patient. Hold nose and sell cuz might be a downturn? Lol. Hold and buy more good shit during downturn
BULLISH
Time back up the truck and buy buy buy!
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