Off the Charts

The market has been impressive since bouncing off its 50-day moving average yesterday. The S&P has seen a large travel range from yesterday's low of 1427 to today's high of 1455. If the Bulls want to remain in control of the S&P, a few days of rest above 1448 would be healthy.   

Overall, the market is acting well as it held above the 25% retracement level of 1422 and also held the prior breakout level of 1422-1426 on this recent correction. Further consolidation above this level would be constructive as an upper-level channel continues to build. Support of the channel is 1422-1426 and resistance is 1470-1470. In the short term, use today's high of 1455 as your new point of reference. This week and next is the heart of earnings season, with financial and technology stocks reporting heavily this week....635 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.