What a Ho-Hum Day

This is a "not much to work with" day. We have lots of spent stocks -- the ag trade seems spent today, the oil trade seems spent and the tech trade seems long in the tooth. I would not be surprised, in the latter case, to see Cisco (CSCO - commentary - Cramer's Take) retreat back to where it was before the big squeeze. And, yes, it is clear that the tech move was just a squeeze with no fundies behind it.

In fact, this is a frontsie-backsie day, where horrible stocks like Glaxo (GSK - commentary - Cramer's Take) -- thanks, Warren! -- and UnitedHealth (UNH - commentary - Cramer's Take) are rallying, and even the dreaded NYSE Euronext (NYX - commentary - Cramer's Take) is going higher.

I look at today as a respite day, a day when the options gremlins knock some things down, but nothing major.

Just a waste of a good trading day.

At the time of publication, Cramer was long NYSE Euronext and UnitedHealth.

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