NEW YORK (TheStreet) -- Stocks in every sector have changed course and are lower from Friday, TheStreet's Jim Cramer said on Monday. The exception is oil, which was hammered Friday and continues falling today.
In the oil sector, some stocks, such as Exxon Mobil (XOM) , are still positive, Cramer pointed out. But for the most part, until there are some production cuts announced, Cramer said the sector remains a "dangerous speculation" at this time.
Meanwhile, today technology stocks are getting hit hard. Apple (AAPL) fell over 6% in a matter of minutes before recovering to being down just 2.75%. The price action is "just silly," he said on CNBC's "Cramer's Stop Trading" segment. Apple is a holding in Cramer's charitable trust, Action Alerts PLUS.
It looks as if the high-frequency trading programs are trying to "undo" Friday's gains, he said.
-- Written by Bret Kenwell