Off the Charts

We saw a stronger-than-expected snapback in the market today after yesterday's sharp sell-off. The market opened higher this morning and drifted to the upside most of the day, not giving shorts much of a way out and not really providing longs a compelling area to re-enter or add to positions. The indices erased a good portion of yesterday's losses, all gaining more than 1%.

The short-term gyrations in the market have traders spinning their wheels and scratching their heads. Meanwhile, for longer-term investors, there has not been much to worry about as any short-term weakness has been transient. After a potent sell-off like yesterday, technical traders would have expected further downside or at least shallower snapback....583 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.