Skeptics Driving the Upside

Poor jobs news yesterday brought in some buyers, while the better-than-expected unemployment claims numbers this morning are triggering some selling. The ISM services number is weak and more than half of retailers missed their April sales numbers, which isn't helping matters. But it is interesting how quickly the signs of momentum we saw yesterday have dried up.

As I've been writing, I suspect that the upside action lately has been driven more by skeptics who fear that they will miss out on a market rally than it is by real bullish conviction. When we do have selling pressure, the doubts come to the fore quite quickly and the momentum immediately dries up....124 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.