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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Investors Say Fade the Rally:

NEW YORK (TheStreet) -- The major indices rallied Monday after a sharp two-day sell-off that had dragged the markets into negative territory for 2014. But investors on weren't relieved.

$SPY to 200ma 1760s then stablizes, it wouldn't even be a "correction". run of the mill 6% pullback. so don't be too eager here - _flipper_ (@_flipper_) Apr. 14 at 11:15 AM

Many remained bearish on the major indices despite Monday morning's broad based gains and returned momentum to high growth tech names. The S&P 500 gained 0.9% by noon and the Dow had climbed 0.8%. The hard-hit Nasdaq recovered more than 1%. However, sentiment on the ETF that tracks the S&P  (SPY) stood at 70% bearish, according to StockTwits' analytics. Sentiment on the ETFs that track the Nasdaq  (QQQ) and Dow (DIA) held at 58% bearish and 62% bearish, respectively.

After the slaughter last week, one up day has gotten a lot of bulls excited here. Fading the rally. $SPY $ES_F - Market Owl (@MarketOwl) Apr. 14 at 11:09 AM

$QQQ oversold bounce may be start of a bull trap. could see this forming a H&S top. - Captain Obvious (@Captain_Obvious) Apr. 14 at 10:45 AM

Investors said Citigroup's, $C, earnings beat held little information that was positive for the broader economy. The bank attributed a 1% decline in sales, in part, to reduced refinancing activity. However, non-performing loans dropped, enabling them to release more than half-a-billion in reserves.

Investors remained particularly bearish on the retail sector, despite March data that topped many economists' expectations. The Commerce Department said retail sales increased 1.1%. SPDR S&P Retail ETF  (XRT) gained 0.95% on the news. But cashtaggers said the report was a bull trap and remained 100% bearish, according to StockTwits' analytics.

Don't be fooled by Corporate Media hype - Retail Sales Report Was NOT GOOD $XRT #RetailSales: - Philip Davis (@PhilDavis) Apr. 14 at 09:49 AM

$XRT Firm Bearish - Best sell 82 - 83.34 below 80.76 target 79.15 - 78.15 #SPDR #Retail #Index #ETF - Abhishek (@TrendAdvisory) Apr. 13 at 06:24 AM

Despite the bearishness on economic growth and sales, most investors weren't calling for a deep correction--at least not today. And there was renewed love for some of the most beaten-down sectors such as 3D printing. 3D Systems  (DDD) and Stratasys  (SSYS) were among the most discussed tickers by noon Monday. 3D Systems was down 1% by 11:45. Stratasys had gained 6% intra day.

$SSYS The tide has changed - jb (@joelyboyblue) Apr. 14 at 11:08 AM

Stratasys news helped the stock. The company announced today that a UK medical device company reduced its prototype costs 96% using Stratasys printed parts. The company, Brightwake, developed a blood-recycling machine with Stratasys' three-dimensional printer that recovers blood spilled during surgery and recycles it back to the patient.

At the time of publication the author had no position in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
AAPL $124.43 -1.54%
FB $82.22 -1.18%
GOOG $548.00 -0.73%
TSLA $188.77 -0.94%
YHOO $44.44 -1.15%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

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