As stocks the Dow Jones Industrial Average rallied over 200 points higher into early intraday trading Monday, Jim Cramer urged investors to be wary.
“This is not sustainable,” Cramer said.
Cramer said his caution comes from Monday’s action that saw relief in the Dow at the cost of tech stocks.
As of intraday trading, the Nasdaq Composite was down 74.97 points.
“I’m wary of this market because I want this market to be led sustainably by tech,” Cramer said.
Citing respected chartist Larry Williams, Cramer added that historically, September 17 typically marks the beginning of a downturn.
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