This Day On The Street
Continue to site
ADVERTISEMENT
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

Rev Shark: Forget Your Worries

Of course, we need to play the hand that is dealt and that means embracing this action even if we don't understand it or feel very confident about it. The price action is always the final arbiter and it is undeniably strong. Either hold your nose and stay bullish or stay on the sidelines and underperform.

I'd love to make a dramatic market call and predict that a major change in the action is about to occur. It would be nice to have a shakeup and a little drama, but it seems the more we look for it the more the market continues to drift higher as if there isn't a worry in the world.

April 29, 2013 | 10:41 AM EDT

The 'V' Goes On

The fear of being left behind is as strong as ever.

The S&P 500 is up for the sixth of the past seven trading days as the V-shaped bounce continues. The recent action has been a classic example of how this market behaves since the central bankers have gone to work. There has been very little positive economic news lately, although the housing numbers were good this morning, and earnings have been mixed, but there is an unrelenting bid under the market and there is a constant hunt for long exposure.

If you have tried to navigate this market based on news flow, you have been totally out of step and, even worse, if you have focused on the charts you have been misled to some degree. All that has mattered is the idea that the central bankers are in control.

The lesson of the story is to stay with the trend and don't fight the Fed and its buddies.

I continue to struggle putting money to work and it definitely is not getting easier. The solar stocks I've been discussing lately, SunPower (SPWR) and First Solar (FSLR), are still chugging along and the biotechnology group remains strong.

Probably the most notable action is strength in Apple (AAPL), Google (GOOG) and some of the big cap technology stocks. That is probably a function of money managers going to the liquid names to put cash to work. Gold continues its very strong bounce and the only major sector showing red is retail.

Fear of being left behind is as strong as ever.

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

Markets

Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs