You want a bankable pattern? They open tech up every morning, particularly the tech that is pushed or bulled by brokers and analysts anxious to try to get some momentum going.
But within in minutes, sellers materialize. Within minutes after that, sellers overwhelm buyers. I am talking about stocks like
. I am speaking of the
At the same time, the drug stocks open down. Same with the foods. But by 9:45 a.m., adherents surface. By the end of Squawk, these stocks are under accumulation again and they are ready to rock again. In come the buyers for the
This pattern is a bearish pattern for tech and a bullish pattern for The Stocks That Nobody Cares About.
Boring is cool.
No broker is going to come to you with this analysis. This analysis says that tech has to be avoided and is dangerous. That won't help the 60 deals each firm has in the pipeline.
But it will make you money, so I pass it on.
Did you miss
the Fleckenstein-Cramer chat last week? We both had such a good time we want to do it again. I have to admit that I have done many chats, but this one got the most kudos so we thought we would reprise it on Yahoo! tomorrow at 5 p.m. Remember to
register (it's free and easy)!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at