Stocks for a China-Driven Market
China on! That's what's happening today with the oils and minerals flying, and while many are saying that oil is up because of Iranian supply cuts, I think it's because of scuttlebutt that the Chinese are cutting rates as early as this Sunday.
Last night I talked about how this market has got a real volleyball theme going with rotations happening very rapidly day to day. So we caught two down days of oil as the group rotated out of the server position and took to the net. Now the oils are serving, as they have time and again after a couple of down days. I think we are going to stay in this rotation mode, because every time the group gets hammered for a couple of days, we are going to catch a rumor of Chinese rate cuts, and the shorts will cover, and the longs will flock to the quickly beaten-down group....198 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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.