This Day On The Street
Continue to site
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

For S&P 500, a Weak Quiet Monday as Traders Trickle Back In

"It is better to average up than to average down." -- Dickson G. Watts

NEW YORK (TheStreet) -- This has been a Monday to forget for sure.

Weakness across the board is not something we're used to. But it was relatively subdued as it seemed many people remained away on holidays or just don't yet have their head in the game after taking last week off.

If recent history is any guide at all, investors should buy on this small dip.

SABMiller to Sell Stake in South African Hotel and Casino Operator

Apple Well On Its Way to Absolutely Devastating Microsoft

5 Worst U.S. Airlines of All Time

Alcoa Stock Is Flying, With Landing Gear Nowhere in Sight

Earnings season kicks off again Tuesday evening, so some good moves are definitely on the way. But we've got to be careful.

With the fast-moving leading stocks that I like to trade, I rarely hold them over earnings. But they can be great buys right after or shortly after earnings are released -- so we have to be ready.

The new few weeks should be good and fun!

Let's dig into the charts and see what damage occurred today on the S&P 500 SPDR (SPY).

The S&P 500 is fine, as long as it remains above $196.

We can't go up every day, so today is fine.

There is no damage or worry that the trend higher has changed for the S&P 500 chart tonight. Enjoy your evening.

At the time of publication, the author held no positions 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
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
SPY $204.27 -0.34%
AAPL $92.77 -0.50%
FB $118.38 0.48%
GOOG $705.71 0.61%
TSLA $211.53 0.00%


Chart of I:DJI
DOW 17,612.02 -48.69 -0.28%
S&P 500 2,040.59 -10.04 -0.49%
NASDAQ 4,687.4980 -29.5960 -0.63%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs