No Rush for the Exits

There was mild profit-taking in opening trading but no big rush for the exits, and buyers are now jumping back in. Though the indices have turned green, breadth is a bit soft. There are signs of underlying support and continued strength in Google (GOOG), Williams-Sonoma (WSM), Amgen (AMGN) and Target (TGT). Steel, coal and retail lead while precious metals and chips lag.

With the Fed on deck this week, I don't anticipate the bears being able to gain much traction. There will likely be consolidation and bouts of profit-taking, but the bears are dreaming if they are looking for a major breakdown here. Markets that act like this don't suddenly fall apart....109 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.