So, when you go up for six days straight on nothing, it is reasonable to go down a day on nothing. Today's salient items:

1. Jobless claims are getting better.
2. Oil is weak.
3. Wal-Mart (WMT - commentary - Trade Now) did a great number and gave great guidance -- two out of three ain't bad.

My point: You can't go up forever, or even for seven days -- on nothing of import -- and read anything into it other than, "That makes sense, we've been up endlessly on no new data; probably worth consolidating the gains."

And that's what we are doing.

At the time of publication, Cramer had no positions in stocks mentioned.

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