In today's premium update, we're starting with a look at non-correlated markets. Live cattle has trended up for months now in complete defiance of all general market corrections, but over the last week it has broken down somewhat. In the scheme of things, this correction is comparatively minute. Soybeans seem to be setting up for a long squeeze, so I am looking to buy a pullback. Wheat is a cleaner setup than soybeans, and should go higher if the rest of the grains do. Corn has an even stronger pattern, which I like the best out of the three. The dollar index continues to push higher, crushing other currencies, with commodity currencies like the Aussie and Canadian dollars getting hit especially hard in light of oil weakness. The uptrend in bonds is very much intact, but the current juncture does not present an easy trade, so we are sitting on the sidelines with regard to bonds. As far as gold, some other technicians are saying that gold could be positioning for a reversal, but as long as its below the 21-ema I am a seller. Finally, stocks are trending higher and I see no warning signs quite yet.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
Ask Cramer: Cisco vs. CVS, Which Stock is Better for Your Portfolio?
Should investors consider adding Cisco to their portfolio? Jim Cramer weighs in TheStreet's new video segment, #AskCramer
Pinterest vs. Zoom vs. Lyft: Which Tech IPO Should You Choose? -- ICYMI
Zoom is profitable already but has a very lofty valuation, while Pinterest has some clear advantages over Lyft but one big con.
Jim Cramer: How to Play Pinterest on the Second Day of Trading
The unicorn Pinterest makes its debut at the New York Stock Exchange. Watch the video from TheStreet's Cramer Live to find out why investors should be careful with this 'happy stock'.