Off the Charts

The market tacked on another day of gains following yesterday's breakout move above the most recent high pivot of 1636. The indices opened slightly negative this morning after yesterday's extension but after a quiet first hour of the day, the rally resumed. After lunch, it looked like the market could put in a topping tail, but the indices closed strong. The S&P finished the day up 0.51% while the Nasdaq lagged slightly, gaining 0.26% as the weakness in sector heavyweight Apple (AAPL) weighed on the index.

The action was a little more choppy in today's session as there was a large afternoon pullback off highs but the dip proved buyable once again. As the rally becomes a little more stretched to the longside it seems harder to trust pullbacks. But until the trend changes, I feel you have to continue to lean long....610 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.