OptionsHouse

Options Trading News

September 4, 2013  Wed 8:11 AM CT

GE: SEE CHART GET CHAIN FIND STRATEGIES
Stupefyingly difficult market. General Electric, DuPont, and Eaton go down, but United Technologies, Boeing, and Honeywell, go higher. Caterpillar and 3M go down, Cummins goes up. Vale rallies huge--thanks for once to Brazil--and Alcoa barely budges.

The bonds go nuts and then calm down. In the meantime, the banks can't make up their minds. The real-estate investment trusts get hit, and the retailers hold up.

Meanwhile, Amazon, Google, Starbucks, Regeneron, LinkedIn, and Celgene, classic growth stocks, just soar. Along with gold!

TheStreet.com logoTo me, this is a recipe for taking money off the table. This market has no idea what it wants to do and who it is taking its cue from. It's just flopping and chopping all over the place.

Until things look a little clearer, I think it's important to raise a little cash. This is a tough week to be big long, too many landmines, including a thin Jewish New Year's Day ahead of a worrisome labor report on Friday--do we want strong or weak? Who knows?

I'm calling it dicey and, for the moment, too dicey.

Disclosures: Cramer's charitable trust is long HON and VALE.
Share this article with your friends


Related Stories

GE

Cramer: Chance for growth stocks

January 6, 2015

We initially decide that a strong dollar, lower oil, and plummeting yields are bad. Then we come right back a day or two later and buy the stocks that actually benefit from these trends.

Invest Like a Monster - Las Vegas: March 13-14

Premium Services

Archived Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »