There is a countertrend rally going on where infrastructure, coal and steel stocks are up, but it is a mistake to chase and buy these stocks, Jim Cramer said on his
"RealMoney" radio show Thursday.
"All these stocks have been a victim of the decline of oil and the vigilance of the
," Cramer said. "Usually countertrend rallies last two days, so you should start selling these now."
These stocks will not continue going up because analysts hate them, he said. The stocks are rallying right now because when "people try to keep selling them over and over again, they hear the steps of valuation behind them," Cramer said.
"This is not a buyer's move; it's an absence of a seller's move."
But the sellers will be back, he said.
OPEC's goal is to shut down the possibility of oil alternatives, and it has found a level at $60 -- the upper limit where people will continue using oil without switching to alternatives.
"This level, give or take $2 to $3, will hold," Cramer said.
Therefore, he advised listeners to sell the countertrend rally stocks and to get into companies such as
Procter & Gamble
, which are benefiting from the decline in oil.
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