This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top Takes From RealMoney

3. Technicals Look Bad

Daniel Dicker
4/3/2009 11:42 AM EDT

In addition to my disbelief of the latest rally from a fundamental point of view -- I referred to it as a "sugar high" on Columnist Conversation yesterday -- we can now add some technical indicators upon which I have relied for many years.

S&P 500 Index -- Daily

The Bollinger Bands don't indicate an imminent turn (although they also looked stretched), but the moving average convergence/divergence is way out there, and the stochastics and relative-strength indicators are ready to snap.

Sorry to throw water on the party, but my feeling is, if you're looking for a dip to buy into, you're about to get a doozy. I'm not buying another share of anything until I see a dip of at least 40 to 50 points on the S&P 500.

4. Morning Trade

Bob Byrne
4/3/2009 9:26 AM EDT

With the jobs report out of the way, we can now begin fretting over earnings. Unless companies come out with some very positive results (or at least favorable forecasts), like Research In Motion (RIMM), we may be setting ourselves up for a sell-the-news situation throughout earnings season.

If the bulls want to continue to torture the bears, they need to push the emini back above strong resistance at 833 and target moderate resistance at 838.50. A sustained trade above 838.50 and only moderate resistance at 845 contains this market from running to 855. A market surge to (strong resistance) 855 would entice shorts to re-enter this market. ... I am not betting on this type of surge, though.
3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DELL $0.00 0.00%
ZLC $21.02 -0.66%
MFST $0.01 0.00%
AA $7.33 0.00%
CAT $61.41 0.00%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs