Don't Be Fooled by Bouncing FAANG Stocks, We Haven't Seen a Market Bottom

The indices are seeing some minor support that is preventing downside momentum from building. However, the action does not indicate that market players are still extremely anxious to buy the dip. One of the keys to the market action for months was the aggressiveness of the dip buyers. Quite often they were so eager to buy pullbacks that they never materialized. That is key to the market and is shifting.

While there are still dip buyers out there, they look more like strategic traders that are inclined to flip quickly. We also have our friends the computer algorithms, although the buy-the-dip programs have been shifting. The big shift was rotation into new groups and out of technology rather than the standard buy-the-dip approach....209 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 & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.


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.

FactSet 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.