Cramer: Here's What to Embrace and What to Shun

We're far enough along in the earnings season to start picking winners and losers, sectors to avoid and sectors to buy, and to render some conclusions about where to place your next incremental dollar now that the market has worked off its overbought condition.

Remember a few weeks ago when I signaled that the S&P 500 oscillator I follow that indicates inordinate buy or sell pressure hit an extreme -- in this case, a reading of plus 10, ultimate excessive buying? Remember how I said that this market would have to work off that overbought condition either through a huge, quick selloff or just a grind-it-down decline over time?...1304 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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