On Tuesday on CNBC's "Stop Trading!" segment, Jim Cramer said that Exxon Mobil(XOM Quote) was his "tell" for predicting a bottom in oil. On Wednesday's segment, he said Exxon is also the stock he looks to to predict whether there will be an end-of-the day rally.
He told viewers to start watching the stock at about 3 p.m. EST. "This stock will predict it. If this stock goes positive by 3:30, you will see one of those end-of-the-day ramps 90% of the time, regardless of where oil is," he said. "This stock has been the key to every single rally."
He said there's no need to watch any other stock to predict a rally, "with the possible exception of Apple(AAPL Quote)."
"Just watch Exxon," he said. "When that stock goes positive, you're going to get a rally." ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.58 | 1,108.86 | 2,175.81 | 32.75 |
Oil *
79.69
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UP
126.74
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UP
13.23
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UP
31.21
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UP
0.74
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10 Yr
3.28%
SPDR Gold
117.38
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+1.23%
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+1.21%
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+1.46%
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+2.31%
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