Off the Charts

Economic fears and Federal Reserve headlines continue to drive this market. The market opened firmly lower in today's session as Chinese markets finished down more than 5% overnight. Stocks continued lower for the first part of the day before paring losses mid-day. The market failed to go positive in the mid-day rally and sellers stepped in towards the end of the day to push the market lower. The S&P closed the day down 1.21%, the Nasdaq slipped 1.09% and the Dow fell 0.94%.

The market landscape has changed dramatically over the past month. The S&P has broken below its uptrend support from the Nov. 16 low and there is technical damage across the board. The S&P is currently in no-man's land as it is hard to initiate new shorts as the trading oscillator hits oversold levels and the S&P stretches further from its key short-term moving averages, however there are no firm levels of support to test potential buy backs, making this a tricky spot in the market. This is a time to sit on your hands and do less....678 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.