Focusing on

Earnings yesterday felt clear. I looked at some charts and options and made some trades. Other days, like today, I can stare and stare, and the trades feel almost like losers from the start. For instance, Mentor Graphics (MENT) has a great price pattern setup, yet none of the other indicators confirm its current move. So, while I would like to initiate a long September $15-$17.50 call spread, I just can't justify it. (CRM) will be the main focus today. I can't get behind the valuation on this company, but I have to say the chart leans bullish. The last time I went with my gut rather than the chart, I was skewered. Options are pricing in 10%, as players seem to be looking for around $132 on the downside and $161 on the upside. I have $140, then $130 as the downside targets with $160 on the upside, so it seems appropriate. The downside does have one other target at $118, so lotto ticket players may want to keep that one in mind....449 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.