In Defensive Mode

The market wasted no time producing downside follow-through to yesterday's poor action -- not even a bounce attempt so far, which is a change in market character. Up until today, any weakness has been immediately recovered. It is still early and we'll see if the bulls can regroup, but this action is triggering stops and emboldening the bears. The likelihood that a bounce will be sold is growing.

When the market turns like this it can be quite surprising how fast you can give back hard-won gains. Over the years, I've found that the pattern in my accounts is for gains to accumulate slowly, and then I'll suffer a quick spike down in which I give back a chunk. The key is to make sure I move quickly to stop the bleeding, which is why it is so important to honor stops....102 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.