A Sign That Most Stocks Are Heading Down

It is now 16 straight days that the S&P 500 has traded between 2470 and 2480. There are those who think this means the market is rigged. As I have stated, I am not a conspiracy theorist when it comes to markets, so perhaps I am naïve and ridiculous to believe this is just how the market is now.

I have one thought on this, though. For 18 of the last 19 trading days, the Market on Close (MOC) orders have been to buy. That is rather extreme. We have looked at the chart of the 20-day moving average of MOC orders before when it was last up at this extreme. At the time, I indicated we had only seen it this extreme twice -- once was a market high and the other was a low....401 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.