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
TheStreet Open House

Will Stocks Top Out on May Day?

A way to trade transports is via the iShares Dow Jones Transportation Avg (IYT) ($110.03). My annual value level is $97.32 with annual and semiannual pivots at $106.22 and $106.95 and monthly and weekly risky levels at $111.46 and $113.38.

In third place year to date is the Dow Industrials with a gain of 13.2%, but the number of buy rated stocks in the Dow has been declining and now stands at just 13. A way to trade the Dow is via the SPDR Dow Jones Industrial ETF (DIA) ($148.02). Quarterly and annual value levels are $137.01 and $126.69 with semiannual and monthly pivots at $143.01 and $145.87 and weekly risky level at $150.69.

In fourth place year to date is the S&P 500 with a gain of 12.0%, but only 30% of the stocks in the S&P are rated buy, which justifies my call to have 50% of your equity allocation in cash. A way to trade the S&P is via the SPDR S&P 500 ETF Fund (SPY) ($159.68). Quarterly and annual value levels are $144.56 and $134.74 with semiannual and monthly pivots at $156.59 and $158.22, and weekly risky level at $161.10.

In fifth place year to date is the Russell 2000 with a gain of 11.6%, but my proprietary analytics shows a wall of risky levels. Weekly, monthly and semiannual risky levels are 961.25, 962.82 and 965.51 versus the all-time high at 954.00 on March 15.

If you wish to trade these small caps from the short side consider the ProShares UltraShort Russell 2000 (TWM) ($19.56). My weekly, monthly and annual value levels are $18.92, $17.93 and $15.98 with a quarterly risky level at $22.77.


In sixth place year to date is the Nasdaq with a gain of 10.2% setting a new multi-year high at 3328.79 yesterday. The Nasdaq 100 is up just 8.5% year to date and 43% of the stocks in this index are rated buy. A way to trade the Nasdaq 100 is via the PowerShares QQQ Trust (QQQ) ($70.72). My annual value level is $60.27 with monthly, quarterly and weekly pivots at $67.17, $68.95 and $70.37 with a semiannual risky level at $78.39.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs