Cramer's 'Stop Trading!': Transocean Tells
"The market is a reflection of millions of different decisions," said Jim Cramer on Friday's "Stop Trading!" segment on CNBC.
With that in mind, Cramer said he wasn't going to formulate a view on retail based on JC Penney's(JCP) earnings report today. "I look at something like what JC Penney says, and I can't make that determination," he said. Cramer said that the two greatest tells for gasoline have been Transocean(RIG) and Schlumberger(SLB). To make a forecast for gasoline, he said, he'd start by asking: "Where's Transocean going?" "Transocean has peaked out here, and that may mean that gasoline has stopped," he said.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 12,890.46 | 1,351.95 | 2,927.23 | 20.47 |
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