This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Bulls Make Money, Bears Make Money -- But Right Now How Can Anybody Make Money?

Stocks in this article: ^DJI GILD IWM NFLX PCLN QQQ SPY TLT

NEW YORK (TheStreet) -- Bulls make money, bears make money, but in this market, it seems like no one makes money.

For the last few weeks the S&P 500 (SPY) and DJIA have held up within a range, giving the impression that the market has been relatively flat. But underneath the surface, things have not looked so neat.

The areas of the market that typically are regarded as risky, quick movers have been pummeled. Think of the biotech sector and growth momentum stocks. Think of Gilead Sciences (GILD) (down over 17% in March), (PCLN) (down over 11% in March), and Netflix (NFLX) (down over 19% in March).

Perhaps there were some quarter-end mark-up shenanigans taking place to account for the discrepancy between the story given by the S&P 500 and by the rest of the market.

In the end that is not our concern as traders or investors. What is our concern is preserving our capital and not over-trading this chop. For the first time in over a year, the PowerShares QQQ (QQQ), which tracks the Nasdaq 100 Index, closed below the 20-week moving average. The iShares Russell 2000 (IWM), which tracks the Russell 2000 Index, barely managed to stay above.

These are signs of deterioration that should not go unnoticed. In 2013, traders were rewarded for taking risk any time the market signaled trouble. That kind of complacency has likely led to negative returns on the year.

Overall, the longer term trend is still bullish and so far this can be construed as consolidation on a bigger picture outlook. However, in a shorter time frame, the price action is signaling more weakness to come. 

1 of 3

Select the service that is right for you!

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 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • 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