Jim Cramer Blog

Cramer feels your pain. It's been a pretty tough market for everyone. He stressed that you should not wait for a mid day rally because it won't happen. These types of rallies have been very rare lately. In the past year, there have only been 14 times that the market closed 90 points higher once the rally started. He also mentioned that there are three ways to look for a market that is ready for a mid day rally. The first is to look at the osilator. This tool measures the pressure that the buyers and sellers are working against each other. When this indicator becomes negative that means that the market is beginning to become over sold. The second sign is that there are very few bulls when the market is ready for a rally, and the third is timing. A good rally will begin at 2:45 or later. The buyers will overwhelm the sellers to buy before close.

He said there is a way to make money in this very poor market by looking at one sector: the stocks dealing with vanity. These stocks have just started to see the benefits of the baby boomers. The first play he mentioned was PMTI who has a product which makes the lines on your fac fade. The other was AGN. The FDA just approved a product called Juvederm which is supposed to make wrinkles fade. But, wait for PMTI to fade before you buy.
Lightning Round:
Bullish:
AMD
OPWV
CMA
COP
GM
PETS
CMCSA
AKAM
Bearish:
HANS
PBR
CNL
Hang in there investors.