Off the Charts

Stocks kicked off the first day of March with a strong start. The S&P 500 closed the day up 0.62%, erasing yesterday's weakness. After yesterday's action, there was a reason to be a little more cautious on excess long positions, but coming in today, the market gapped up and held the gap for the first 30 minutes, giving signs to cover some hedges and add back to strong stocks. Basic Materials and Financials were the strongest sectors today.

S&P 500 Source: eSignal View Chart » View in New Window »

Below is a chart of the S&P 500 from 1995. Business Insider had an interesting article today that stated the last time the market went all of January and February without a 1% or more down day was in 1995. That year, the market gained an astonishing 34%. In 1995, the S&P traded along a steep accelerated trendline, like we have seen in the S&P for the past two months. I'm not saying this will happen this year, but it is interesting to point out. Everyone on TV keeps talking about a correction, but that doesn't necessarily have to happen. The S&P could continue to hold higher levels of support and grind higher....624 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.