Tiptoeing In Here

On Monday, as you may recall, the market shot higher on something upbeat on the eurozone mess, or maybe on some local news pointing to an economy not quite as dead as was previously thought. Whatever the reason (and who cares?), the market surged Monday and left a bunch of gaps beckoning below. Those gaps didn't get much attention Tuesday, but Wednesday saw the S&P 500 pulling back to within a whisker of its gap at 1244.28, making a low of 1244.80. From there, late in the trading day, it rose by a pretty serious 22 points to the 1267 level.

You may also recall my Tuesday column, in which I explained that if the market sold off to Monday's gaps before popping up to the Nov. 9 gaps, I would add to my modest bullish exposure. But the downside gaps in the S&P weren't quite filled yesterday, so I didn't do much buying on the dip. I was looking for the 1243.50 level of the December E-Mini futures and the 1244.28 level of the cash index, each of which missed those respective marks by about 0.5 points....670 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.