Turning to a daily chart, Garner's research indicated both the relative strength and William's momentum oscillators, which were signaling overbought conditions, are now relaxing as investors are buying on the rumors in anticipation of selling on any military action, which would make for a great entry point.
Oil is a different story, however, as Garner said she'd sell into any strength. Unlike gold, oil has been rallying for most of the year and the Commitment of Traders report here indicates an overbought condition that is typically followed by violent selloffs. Syria is, in fact, a net importer of oil, which only adds to the case that a selloff is likely with military action. Garner felt that a low of $90 a barrel is possible, especially if oil spikes over $115 ahead of any action.
Cramer said he's sticking with Garner, who has been red-hot in her analysis and predictions of late.
Get Your Game On
With the official start of the professional football season almost upon us, it's time for Cramer's yearly Fantasy Stock Portfolio where he picks the best of the best companies that should be in your portfolio.For tonight, Cramer offered his recommendations for running backs, quarterbacks and tight ends. Cramer said the running backs need both strength and experience, and that's why he's choosing Boeing (BA - Get Report), a company with a 4,800-plane backlog and a stock that's up 39% for the year. He also chose United Technologies (UTX - Get Report), a well-diversified player that trades at 14.6 times earnings with a 13.7% growth rate and a 2% yield. Rounding out the group is another industrial with aerospace exposure, Honeywell (HON - Get Report), which also continues to outperform the markets. In the quarterback spot, Cramer said he wanted a stock that consistently knows how to put points on the board, and that means Starbucks (SBUX - Get Report), which delivered 8% same store sales growth last quarter, yet still trades at a paltry 26.8 times earnings with a 19.6% growth rate. Starbucks continues to innovate, yet rarely gets rewarded for it, said Cramer. In the runner-up QB slot, Cramer nominated Walt Disney (DIS - Get Report) another strong, healthy company that can anchor any portfolio, especially in a recovering global economy.