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June 11, 2013  Tue 8:12 AM CT

SBUX: SEE CHART GET CHAIN FIND STRATEGIES
Some classic growth stocks--Starbucks, Amazon, and Google--are coming back to life, and I like that because they provide "tells" that we should be a little less worried about interest rates going up.

These are quintessential long-dated asset stocks, and if rates are going higher because inflation is building in the system, these stocks couldn't be having this kind of move.

TheStreet.com logoThese names, plus the drug stocks, are signaling that you can over-emphasize your fear of rates. What might matter so much isn't the direction of rates, which should be going up if things are getting better, but their velocity: If the increases occur in a less rapid way, people can protect themselves and have a chance to take action.

These classic growth stocks are saying--to me, at least--that if we are going to 2.5 percent, we aren't going to go there immediately, or else they would be getting hammered.

Disclosures:
Cramer's charitable trust has no positions in the stocks mentioned.
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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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