Charts suggest more pain is in store before market reaches a 'buyable bottom,' Jim Cramer says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Jim Cramer, host of 'Mad Money,' took some pointers from volatility expert Mark Sebastian to understand why the market could sell off more.

"The bad news is that the charts, as interpreted by Mark Sebastian, suggest that today's rebound is just a temporary reprieve from what could be a bigger sell-off," the "" host said. "But once the last leg lower runs out, well, then, he thinks we could get a real, buyable bottom."

The VIX rose from the mid-20s to a peak of 39 as the S&P 500 slid nearly 4% over the last two trading days. The fear gauge, which typically runs counter to the market, pulled back to 34 on Thursday as the S&P 500 climbed more than 32 points to 2,852.50 at the close.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why doesn’t Cramer just put his portfolio on the screen and we can all copy notes? Build it like a March Madness bracket? Ohhhhh I wait you guys had that stock draft once lol.

You have to be kidding me? Between him and the Gates I’m almost certain you have run it’s course. Stop

You said the opposite yesterday, you bloomin’ buffoon!!

Duh

Not if NIRP comes along, then it’s Dow 40,000!!

some charts do and some charts do not

No offense to Jimmy - but would be so nice only if he or (anybody else) really knew .... so let me rephrase “Jim thinks there is more pain ahead”...and he might be correct or he might be completely F’n wrong ✅

Wait, I thought he told us to start buying at 2:30 today?

Why should we give a rip when institutional investors are the only ones profiting from this scheme.

Good Lord, Jim. Clearly it depends on what you're buying. I'm no expert and have seen portfolio gains upwards of 20% since a few weeks ago for F&F who asked for hands-on advice. I've seen some things continue to drop especially with theFed actions so beware.

The MACD just crossed on $SPY on the daily of course the chart shows that....

Deeeeep bottom.

So I should buy at 2:30 and sell at 9:30 tomorrow ....

So we bottomed again?

Playing both side again Jimmy Chill?

Stevie Wonder could this coming. No brainer.

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 US

United States United States Latest News, United States United States Headlines

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

Jim Cramer reveals his playbook, says investors can start slowly buying stocks Thursday afternoonThe 'Mad Money' host instructs investors to keep their eyes on the food and drug stocks as a sign to start building a position in the market. While he is dumping his ? Is this spoof news? Thanks Jim!! Me and millions more have been waiting 😂😂
Source: CNBC - 🏆 12. / 72 Read more »

'Fear on steroids' will drive stocks higher, market bull Jim Paulsen predictsWhen investor fear is surging, the Leuthold Group's Jim Paulsen finds it's historically a good time to buy stocks. TradingNation Wait...what? TradingNation The CIO of his firm said stocks will go down 32 percent last week. I guess their firm will be right, either way. Either Jim gets fired or Doug Ramsey. TradingNation STFU 🤐
Source: CNBC - 🏆 12. / 72 Read more »

Stocks rebound after another uptick in job losses — what Cramer, a former Google CEO and others see aheadStocks ended trading higher as the market digested another worse-than-expected jobs report, but CNBC's Jim Cramer and other key market minds say there's still a tough road ahead. TradingNation How about some talk on the bond market liquidity issues. Why is our government buying junk bonds. What is Boeing’s bond ratings? If you’re a big Corp you have no risk. The government just bails you out. This isn’t capitalism. It’s BS, because everyone else gets Hosed
Source: CNBC - 🏆 12. / 72 Read more »