Off the Charts

"The trend is your friend." Since the Dec. 20 "Gap-and-Go" session, which ignited this rally, the trend has been to the long side, and this market is definitely rewarding those following the trend. The name of the game in 2012 is stock selection and sector rotation. Thursday's newsletter stated that if Friday's jobs number was positive, this market would be above the recent 2012 highs of $133.40, which it opened and held above Friday morning. After Friday's close, this market was entering pretty heavy overbought readings on the trading oscillator, and today's gap down helped to work off some of that current overbought reading. This market continues to be resilient Today's gap down was taken in stride, closing off the lows of the day, and stocks shined. Continue to maneuver this action and take trades when they present themselves

SPY Source: eSignal View Chart » View in New Window »

The bulk of earnings season is coming to a close over the next week, but many profitable trades have emerged in earnings stocks this season....845 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.