No Result
View All Result
World Press Time
  • Home
  • United States
  • UK
  • World
    • Canada
    • Europe
    • Australia
    • Asia
    • South America
    • Africa
  • Politics
  • Business
    • Economy
    • Finance
    • Investing
    • Markets
    • Companies
    • Crypto
  • Lifestyle
  • Entertainment
  • Health
  • Technology
  • Science
  • Sports
  • Travel
  • Contact
Subscribe
  • Login
  • Home
  • United States
  • UK
  • World
    • Canada
    • Europe
    • Australia
    • Asia
    • South America
    • Africa
  • Politics
  • Business
    • Economy
    • Finance
    • Investing
    • Markets
    • Companies
    • Crypto
  • Lifestyle
  • Entertainment
  • Health
  • Technology
  • Science
  • Sports
  • Travel
  • Contact
No Result
View All Result
World Press Time
No Result
View All Result
  • United States
  • UK
  • World
  • Politics
  • Business
  • Lifestyle
  • Entertainment
  • Health
  • Technology
  • Science
  • Sports
  • Travel
  • Videos
Home Business Economy

‘Hold your nose and sell’ to brace for a possible market downturn, Jim Cramer says

Press Room by Press Room
7 months ago
in Economy
Reading Time: 2 mins read
118 9
A A
0
34
SHARES
489
VIEWS
Share on FacebookShare on Twitter

CNBC’s Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline.

“According to the S&P oscillator I’ve followed for ages, we’re very overbought right now,” he said. “You have to hold your nose and sell something because we’re due for a pullback.”

The S&P 500 Short Range Oscillator, one of his longtime favorite market indicators, helps signal when the market has become overbought and possibly due for a pullback, or too oversold and due for a bounce. In other words, it helps predict when the market will pivot.

The Oscillator is over 8%, which means the market is incredibly overbought and due for a pullback, according to Cramer.

Stocks notched a significant comeback in October, though they fell on Monday. The Dow Jones Industrial Average jumped 13.95% in its best month since 1976, while the S&P 500 and Nasdaq Composite rose roughly 8% and 3.9%, respectively, this month.

“In this environment, you need some health, and consumer product stocks to start, then you pick up the industrials when you think the Fed’s almost done tightening,“ Cramer said. “And you stick with the banks no matter what.”

On the other side, tech names are likely to be sold off in droves after seeing a disastrous earnings season, according to Cramer. He named Meta Platforms, Alphabet, Apple, Amazon, Tesla, Microsoft and semiconductor stocks as the most likely to be sold in the impending sell-off.

“The tyranny of tech has been overthrown, and nobody wants to go near these things,” he said.

Disclaimer: Cramer’s Charitable Trust owns shares of Meta, Alphabet, Apple, Amazon and Microsoft.

Jim Cramer says the 'tyranny of tech' has been overthrown

Read the full article here

Share14Tweet9Share2Pin3SendShareShareShareShare
ADVERTISEMENT

Related Articles

Economy

‘Everyone is a programmer’ with generative A.I., says Nvidia chief

Economy

China’s youth unemployment hits a record high, deepening its economic scars

Economy

Cramer on why investors should ‘enjoy AI’ while CEOs figure out how to use it

Economy

Republicans speak out against U.S. debt-ceiling deal, in sign of rocky road ahead

Economy

Putin congratulates ‘dear friend’ Erdogan as NATO’s Turkey challenge looks set to stay

Economy

Nvidia stole the earnings spotlight last week. This week, it’s all about the debt ceiling

Economy

Harvard-trained psychologist: If you use any of these 9 phrases every day, ‘you’re more emotionally secure than most’

Economy

Streaming services are removing tons of movies and shows — it’s not personal, it’s strictly business

Economy

‘It’s not a bubble yet’: Wharton’s Jeremy Siegel predicts Big Tech boom fueled by A.I.

Load More

Recommended

Dems will end up in a 'bad place' if Biden is their nominee: Karl Rove

U.S.-Canadian border crossing shut down after driver claims to have explosive device

South Korea, Australia agree to step up defence cooperation

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

Trending Now

    About Us

    World Press Time

    World Press Time is your one-stop news portal, follow us to get the latest politic, business, sports, entertainment any more. follow us now.

    Topics

    Africa Asia Australia Business Canada Companies Crypto Economy Entertainment Europe Finance Health Investing Lifestyle Markets Politics Science South America Sports Technology Travel United Kingdom United States Videos World

    Get informed

    THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

    Subscribe to our mailing list to receives daily updates direct to your inbox!

    • Privacy Policy
    • Terms of use
    • Press Release
    • Advertise
    • Contact

    © 2022 World Press Time - All Rights Reserved.

    No Result
    View All Result
    • Home
    • United States
    • UK
    • World
      • Canada
      • Europe
      • Australia
      • Asia
      • South America
      • Africa
    • Politics
    • Business
      • Economy
      • Finance
      • Investing
      • Markets
      • Companies
      • Crypto
    • Lifestyle
    • Entertainment
    • Health
    • Technology
    • Science
    • Sports
    • Travel
    • Contact

    © 2022 World Press Time - All Rights Reserved.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website, you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.