Learn the trade here. Make it on tradeMONSTER

Options Trading News

June 17, 2013  Mon 8:09 AM CT

FB: SEE CHART GET CHAIN FIND STRATEGIES
The inconsistency of this market is nauseating.

The lack of follow-through is the new pattern, and it is unnerving after such consistently positive patterns. And the stocks that break down, like Facebook and Linn Energy, both holdings in my charitable trust, are hideous.

That's why I am so stymied by the Baltic Freight Index, which after spending a huge amount of time in the 800s--so low as to be painful--has now gone above 900. The decline from 1000 in this index to the 800s foreshadowed the entire Chinese downturn. So what the heck is it doing up like this?

TheStreet.com logoFrom what I have seen, there's no real demand coming from China for any building materials, anything bulk. But this isn't a made-up index that can be played with, like so much out of China. It's the real deal, and it is signaling improvement.

Obviously, both the emerging markets like China and the European market have been horrendous and are horrendously interconnected. I don't know a soul who is thinking about anything good coming out of China.

So, how do we reconcile this Baltic Freight move? I can't. Anyone else here have any answers?

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


Related Stories

FB

Facebook bulls turn quick profit

July 24, 2014

Someone's going to be laughing all the way to the bank after grabbing calls in the social network, which beat earnings and revenue estimates yesterday.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Education & Strategy

How to navigate earnings season

We are embarking on one of the most frustrating times for new option traders: earnings season.Many new traders buy options,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER