This Rest Is Needed

Now? Can they kill it now? They seem to have the Nazz on the run and the banks in check. Some oils seem to be rallying, but the ones I key on -- Transocean (RIG - commentary - Cramer's Take) and National Oilwell Varco (NOV - commentary - Cramer's Take) -- are in full-blown retreat. Finally, the natural gas stocks are getting cracked, including Devon (DVN - commentary - Cramer's Take), Apache (APA - commentary - Cramer's Take) and Anadarko (APC - commentary - Cramer's Take). I have no idea how those stocks were running as nat gas flirted with new lows and we broke into the spring, the end of nat gas stockpiling.

JC Penney (JCP - commentary - Cramer's Take), recommended today, stays up, but Wal-Mart (WMT - commentary - Cramer's Take) has reversed and Costco's (COST - commentary - Cramer's Take) flagging.

KB Home's (KBH - commentary - Cramer's Take) rallying, but it is no longer bringing up the Masco (MAS - commentary - Cramer's Take), Fortune Brands (FO - commentary - Cramer's Take), Home Depot (HD - commentary - Cramer's Take) caboose.

Frankly, just as we saw Fridays up during the great bear market, we should see Fridays down during this mini-bull. We need to rest. We need to regroup, get some fear, and go for the mojo a couple of days from now.

At the time of publication, Cramer was long Home Depot and Wal-Mart.

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