'You could get a good chance to unload some tech here in order to raise money to buy other things,' the 'Mad Money' host said.
CNBC's Jim Cramer on Wednesday said the Nasdaq 100 could reach a low this week and give investors a chance to offload some poorly performing stocks, leaning on analysis from technical analyst Carolyn Boroden.
"The charts, as interpreted by Carolyn Boroden, suggest the Nasdaq 100 could make an important low sometime this week — and maybe it's already happened. If that's the case, then the recent" market storminess could be over for the time being, the ""However, you might not want to get too attached to this move because Boroden says the underlying technical picture … remains ugly.
"That said, according to Boroden, while these Fibonacci timing cycles are certainly helpful … we only get an actual reversal of the trend about 60% of the times when we see these reversal signals," he added.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Nasdaq jumps 2% as stocks rally, oil hits $104Stock investors weigh a record-high inflation report and a fresh batch of corporate earnings.
Baca lebih lajut »
Q: 'My Disorganized Teen Hates Checklists and Charts'“Color plays a significant role in enhancing memory performance… When we arrange information — to-do lists, calendars, shopping lists — into color blocks, our brains can more quickly process the information, increasing our likelihood of completing tasks.”
Baca lebih lajut »
USD/JPY: New Highs Traversed and Long-Term Charts ConsideredThe USD/JPY is touching new long-term highs, and technical traders who are considering direction may feel as if they are looking into the clouds for answers.
Baca lebih lajut »
Applied Blockchain Adjusts $60M Nasdaq IPOEnterprise blockchain firm APLDBlockchain has adjusted its recently filed IPO, now offering more than twice the number of shares at less than half the price. By jamiecrawleycd
Baca lebih lajut »
Your brain expands and shrinks over time — these charts show howThe team behind these brain charts aggregated 123,894 MRI scans from 101,457 people, who ran the gamut from fetuses 16 weeks after conception to 100-year-old adults
Baca lebih lajut »
‘Forget FAANG' and Focus on Value Stocks in the Current Inflationary Environment, Jim Cramer Says“For the moment, I do think we have to forget most of FAANG and focus on the money centers,” the “Mad Money” host said.
Baca lebih lajut »