Jim Cramer Blog

The PowerShares DB Agriculure Fund, DBA (AMEX:DBA), lost more than 3% on Friday, responding to dramatically overbought conditions that developed on Wednesday.
Perennial traders' favorite, the ProShares UltraShort Oil & Gas ETF, DUG (AMEX:DUG) was among the better performing of the widely-traded funds, gaining more than 3% and moving back up toward its recent highs.
Reflecting continued weakness overseas in Latin America, the iShares Brazil Index Fund, EWZ (NYSE:EWZ) resumed its descent on Friday, losing nearly 3% and closing at new lows. The iShares S&P Latin America 40 Index ETF, ILF (NYSE:ILF) was also lower, losing nearly 2%.
The PowerShares QQQ Trust ETF, QQQQ (NasdaqGM:QQQQ), continues its progress above the 200-day moving average, closing above that level for the sixth consecutive time. The QQQQ has not had this many consecutive closes above the 200-day moving average since late May.
The move lower in gold has contributed toward more selling in the Select Gold Shares SPDRs, GLD (NYSE:GLD), which were down more than 2% on the day en route to lower lows for the month.
Trading below their 200-day moving average and once again overbought, the Select Technology Sector SPDRs, XLK (AMEX:XLK), were higher again on Friday.

Labels: DBA, DUG, EWZ, GLD, Hot Stocks, ILF, QQQQ, XLK

Symbol
Name
Last Trade
Change
Volume
Related Info
MU
MICRON TECHNOLOGY
11.67 10:48AM ET
0.40 (3.31%)
21,422,400
Chart, Profile, More
KFT
KRAFT FOODS INC
31.40 10:48AM ET
0.68 (2.21%)
12,196,134
Chart, Profile, More
WEBM
WEBMETHODS INC
9.20 10:53AM ET
1.92 (26.37%)
15,454,005
Chart, Profile, More
SUNW
SUN MICROSYS INC
5.92 10:53AM ET
0.06 (1.02%)
14,028,328
Chart, Profile, More
QQQQ
NASDAQ 100 TR SER I
44.35 10:53AM ET
0.01 (0.02%)
12,944,114
Chart, Profile, More
SPY
S&P DEP RECEIPTS
143.86 10:48AM ET
0.01 (0.01%)
12,146,325
Chart, Profile, More
INTC
INTEL CP
19.47 10:53AM ET
0.09 (0.46%)
10,973,209
Chart, Profile, More
TWX
TIME WARNER INC
20.90 10:48AM ET
0.29 (1.41%)
9,945,143
Chart, Profile, More
RACK
RACKABLE SYSTEMS INC
14.50 10:53AM ET
2.38 (14.10%)
8,881,409
Chart, Profile, More
CSCO
CISCO SYS INC
26.07 10:53AM ET
0.03 (0.11%)
8,101,357
Chart, Profile, More
F
FORD MOTOR CO
7.94 10:48AM ET
0.10 (1.24%)
8,087,393
Chart, Profile, More
AMGN
AMGEN
58.13 10:53AM ET
1.45 (2.56%)
7,682,781
Chart, Profile, More
MSFT
MICROSOFT CP
28.51 10:53AM ET
0.01 (0.04%)
7,705,976
Chart, Profile, More
BTU
PEABODY ENERGY CORP
44.29 10:48AM ET
1.50 (3.51%)
6,091,800
Chart, Profile, More
H
REALOGY CORP
29.78 10:48AM ET
0.10 (0.33%)
6,254,700
Chart, Profile, More
GLW
CORNING INC
23.71 10:48AM ET
0.59 (2.55%)
5,854,528
Chart, Profile, More
GE
GEN ELECTRIC CO
34.94 10:48AM ET
0.17 (0.48%)
5,778,200
Chart, Profile, More
PFE
PFIZER INC
25.76 10:48AM ET
0.05 (0.19%)
5,862,100
Chart, Profile, More
S
SPRINT NXTEL CP
19.34 10:48AM ET
0.30 (1.53%)
6,138,343
Chart, Profile, More
IWM
ISHARE RUS 2000 INDX
80.57 10:48AM ET
0.00 (0.00%)
5,777,600
Chart, Profile, More

Labels: AMGN, BTU, CSCO, F, GE, GLW, H, INTC, IWM, KFT, MSFT, MU, pfe, QQQQ, RACK, S, SPY, SUNW, TWX, WEBM

Symbol
Name
Last Trade
Change
Volume
Related Info
QQQQ
NASDAQ 100 TR SER I
44.21 3:11PM ET
0.62 (1.42%)
87,096,430
Chart, Profile, More
SPY
S&P DEP RECEIPTS
143.64 3:06PM ET
1.48 (1.04%)
66,497,711
Chart, Profile, More
SUNW
SUN MICROSYS INC
5.82 3:11PM ET
0.02 (0.34%)
58,209,951
Chart, Profile, More
CEGE
CELL GENESYS INC
5.73 3:11PM ET
1.42 (32.95%)
52,018,001
Chart, Profile, More
KFT
KRAFT FOODS INC
30.45 3:06PM ET
0.40 (1.30%)
43,140,045
Chart, Profile, More
INTC
INTEL CP
19.34 3:11PM ET
0.21 (1.09%)
41,789,489
Chart, Profile, More
FDC
FIRST DATA CP
32.41 3:06PM ET
0.04 (0.12%)
39,717,365
Chart, Profile, More
SIRI
SIRIUS SATELLITE R
3.10 3:11PM ET
0.05 (1.59%)
39,074,062
Chart, Profile, More
IWM
ISHARE RUS 2000 INDX
80.60 3:06PM ET
0.85 (1.07%)
37,546,779
Chart, Profile, More
CSCO
CISCO SYS INC
25.89 3:11PM ET
0.49 (1.93%)
35,550,196
Chart, Profile, More
F
FORD MOTOR CO
8.12 3:06PM ET
0.03 (0.37%)
35,531,708
Chart, Profile, More
MSFT
MICROSOFT CP
27.87 3:11PM ET
0.13 (0.47%)
29,449,881
Chart, Profile, More
HAL
HALLIBURTON CO
32.78 3:06PM ET
0.51 (1.59%)
28,344,753
Chart, Profile, More
TWX
TIME WARNER INC
20.49 3:06PM ET
0.42 (2.09%)
26,045,349
Chart, Profile, More
ORCL
ORACLE CORP
18.36 3:11PM ET
0.22 (1.21%)
25,580,423
Chart, Profile, More
EMC
E M C CP
14.26 3:06PM ET
0.17 (1.21%)
25,380,860
Chart, Profile, More
PFE
PFIZER INC
25.71 3:06PM ET
0.37 (1.46%)
23,159,529
Chart, Profile, More
GE
GEN ELECTRIC CO
35.22 3:06PM ET
0.07 (0.20%)
21,969,676
Chart, Profile, More
MOT
MOTOROLA INC
17.71 3:06PM ET
0.15 (0.85%)
21,814,619
Chart, Profile, More

Labels: CEGE, CSCO, EMC, F, FDC, GE, HAL, INTC, IWM, KFT, MOT, MSFT, ORCL, pfe, QQQQ, SIRI, SPY, SUNW, TWX

Symbol
Name
Last Trade
Change
Volume
Related Info
FDC
FIRST DATA CP
32.45 4:00PM ET
5.55 (20.63%)
118,675,759
Chart, Profile, More
QQQQ
NASDAQ 100 TR SER I
43.59 4:00PM ET
0.06 (0.14%)
89,630,085
Chart, Profile, More
SUNW
SUN MICROSYS INC
5.80 4:01PM ET
0.21 (3.49%)
88,311,934
Chart, Profile, More
SPY
S&P DEP RECEIPTS
142.16 4:15PM ET
0.16 (0.11%)
79,454,680
Chart, Profile, More
INTC
INTEL CP
19.13 4:00PM ET
0.00 (0.00%)
54,267,810
Chart, Profile, More
KFT
KRAFT FOODS INC
30.85 4:00PM ET
0.81 (2.56%)
50,140,924
Chart, Profile, More
F
FORD MOTOR CO
8.09 4:00PM ET
0.20 (2.53%)
44,145,536
Chart, Profile, More
DNDN
DENDREON CORP
14.30 4:00PM ET
1.37 (10.60%)
43,741,541
Chart, Profile, More
MSFT
MICROSOFT CP
27.74 4:01PM ET
0.13 (0.47%)
41,977,553
Chart, Profile, More
SIRI
SIRIUS SATELLITE R
3.15 4:00PM ET
0.05 (1.56%)
39,280,579
Chart, Profile, More
T
AT&T INC.
39.46 4:00PM ET
0.03 (0.08%)
39,047,072
Chart, Profile, More
MOT
MOTOROLA INC
17.56 4:00PM ET
0.11 (0.62%)
36,827,147
Chart, Profile, More
IWM
ISHARE RUS 2000 INDX
79.75 4:15PM ET
0.24 (0.30%)
36,559,000
Chart, Profile, More
CSCO
CISCO SYS INC
25.40 4:00PM ET
0.13 (0.51%)
33,531,852
Chart, Profile, More
HAL
HALLIBURTON CO
32.27 4:00PM ET
0.53 (1.67%)
32,974,720
Chart, Profile, More
EMC
E M C CP
14.09 4:01PM ET
0.24 (1.73%)
31,322,734
Chart, Profile, More
PFE
PFIZER INC
25.34 4:00PM ET
0.08 (0.32%)
30,234,224
Chart, Profile, More
TWX
TIME WARNER INC
20.07 4:00PM ET
0.35 (1.77%)
26,781,864
Chart, Profile, More
AMAT
APPLIED MATERIALS
18.36 4:00PM ET
0.04 (0.22%)
25,500,357
Chart, Profile, More
COF
CAPITAL ONE FINANCIA
73.57 4:01PM ET
1.89 (2.50%)
25,366,605
Chart, Profile, More

Labels: AMAT, COF, CSCO, DNDN, EMC, F, FDC, HAL, INTC, IWM, KFT, MOT, MSFT, pfe, QQQQ, SIRI, SPY, SUNW, T, TWX

Symbol
Name
Last Trade
Change
Volume
Related Info
SPY
S&P DEP RECEIPTS
142.00 Mar 30
0.03 (0.02%)
128,208,880
Chart, Profile, More
QQQQ
NASDAQ 100 TR SER I
43.53 Mar 30
0.04 (0.09%)
120,433,969
Chart, Profile, More
DNDN
DENDREON CORP
12.93 Mar 30
7.71 (147.70%)
92,584,293
Chart, Profile, More
SUNW
SUN MICROSYS INC
6.01 Mar 30
0.05 (0.84%)
78,030,014
Chart, Profile, More
LSI
L S I LOGIC CP
10.44 Mar 30
0.41 (4.09%)
60,788,762
Chart, Profile, More
INTC
INTEL CP
19.13 Mar 30
0.04 (0.21%)
60,171,601
Chart, Profile, More
IWM
ISHARE RUS 2000 INDX
79.51 Mar 30
0.33 (0.42%)
54,325,695
Chart, Profile, More
CMGI
CMGI INC
2.12 Mar 30
0.14 (6.19%)
53,504,668
Chart, Profile, More
MSFT
MICROSOFT CP
27.87 Mar 30
0.12 (0.43%)
47,065,600
Chart, Profile, More
RFMD
RF MICRO DEVICES
6.23 Mar 30
0.08 (1.27%)
40,590,127
Chart, Profile, More
CSCO
CISCO SYS INC
25.53 Mar 30
0.10 (0.39%)
38,928,137
Chart, Profile, More
MOT
MOTOROLA INC
17.67 Mar 30
0.04 (0.23%)
38,561,396
Chart, Profile, More
DELL
DELL INC
23.21 Mar 30
0.18 (0.77%)
38,147,991
Chart, Profile, More
LVLT
LEVEL 3 COMM INC
6.10 Mar 30
0.10 (1.67%)
35,206,950
Chart, Profile, More
GE
GEN ELECTRIC CO
35.36 Mar 30
0.19 (0.53%)
34,170,491
Chart, Profile, More
KFT
KRAFT FOODS INC
31.66 Mar 30
0.14 (0.44%)
32,448,950
Chart, Profile, More
F
FORD MOTOR CO
7.89 Mar 30
0.06 (0.75%)
32,190,695
Chart, Profile, More
SLR
SOLECTRON CP
3.15 Mar 30
0.07 (2.27%)
30,440,584
Chart, Profile, More
PFE
PFIZER INC
25.26 Mar 30
0.15 (0.59%)
30,201,813
Chart, Profile, More
EMC
E M C CP
13.85 Mar 30
0.19 (1.39%)
28,018,777
Chart, Profile, More

Labels: CMGI, CSCO, DELL, DNDN, EMC, F, GE, INTC, IWM, KFT, LSI, LVLT, MOT, MSFT, pfe, QQQQ, RFMD, SLR, SPY, SUNW

Symbol
Name
Last Trade
Change
Volume
Related Info
SPY
S&P DEP RECEIPTS
141.60 11:31AM ET
1.26 (0.88%)
68,687,848
Chart, Profile, More
QQQQ
NASDAQ 100 TR SER I
43.67 11:36AM ET
0.32 (0.73%)
60,071,191
Chart, Profile, More
SUNW
SUN MICROSYS INC
6.03 11:36AM ET
0.03 (0.50%)
46,416,444
Chart, Profile, More
IWM
ISHARE RUS 2000 INDX
78.91 11:31AM ET
0.72 (0.90%)
36,550,346
Chart, Profile, More
GE
GEN ELECTRIC CO
35.32 11:31AM ET
0.47 (1.31%)
19,843,402
Chart, Profile, More
F
FORD MOTOR CO
7.90 11:31AM ET
0.05 (0.64%)
17,674,837
Chart, Profile, More
INTC
INTEL CP
18.96 11:36AM ET
0.10 (0.52%)
16,765,382
Chart, Profile, More
ALU
ALCATEL LUCENT
11.87 11:31AM ET
0.06 (0.50%)
14,900,226
Chart, Profile, More
MSFT
MICROSOFT CP
27.6975 11:36AM ET
0.0225 (0.08%)
15,792,992
Chart, Profile, More
CMGI
CMGI INC
2.3316 11:36AM ET
0.0884 (3.65%)
14,943,290
Chart, Profile, More
CSCO
CISCO SYS INC
25.70 11:36AM ET
0.23 (0.89%)
14,034,166
Chart, Profile, More
HAL
HALLIBURTON CO
30.98 11:31AM ET
0.06 (0.19%)
13,598,706
Chart, Profile, More
BZH
BEAZER HOMES USA INC
28.15 11:31AM ET
3.26 (10.38%)
13,529,997
Chart, Profile, More
TWX
TIME WARNER INC
19.87 11:31AM ET
0.24 (1.19%)
13,430,891
Chart, Profile, More
EWJ
ISHARE MSCI JAPAN IN
14.62 11:31AM ET
0.14 (0.95%)
11,556,500
Chart, Profile, More
MOT
MOTOROLA INC
17.85 11:31AM ET
0.08 (0.45%)
12,363,497
Chart, Profile, More
ORCL
ORACLE CORP
18.22 11:36AM ET
0.27 (1.46%)
13,062,386
Chart, Profile, More
XOM
EXXON MOBIL CP
75.84 11:31AM ET
0.13 (0.17%)
12,209,720
Chart, Profile, More
PFE
PFIZER INC
25.219 11:31AM ET
0.271 (1.06%)
10,937,710
Chart, Profile, More
SIRI
SIRIUS SATELLITE R
3.28 11:36AM ET
0.02 (0.61%)
11,474,004
Chart, Profile, More

Labels: ALU, BZH, CMGI, CSCO, EWJ, F, GE, HAL, INTC, IWM, MOT, MSFT, ORCL, pfe, QQQQ, SIRI, SPY, SUNW, TWX, XOM

Symbol
Name
Last Trade
Change
Volume
Related Info
SPY
S&P DEP RECEIPTS
143.62 3:48PM ET
0.23 (0.16%)
104,420,881
Chart, Profile, More
QQQQ
NASDAQ 100 TR SER I
44.27 3:53PM ET
0.15 (0.34%)
102,026,086
Chart, Profile, More
SUNW
SUN MICROSYS INC
6.23 3:53PM ET
0.04 (0.65%)
53,124,479
Chart, Profile, More
CMGI
CMGI INC
2.48 3:53PM ET
0.28 (12.73%)
51,639,338
Chart, Profile, More
MSFT
MICROSOFT CP
28.15 3:53PM ET
0.13 (0.46%)
39,565,097
Chart, Profile, More
CSCO
CISCO SYS INC
26.30 3:53PM ET
0.11 (0.42%)
40,547,703
Chart, Profile, More
IWM
ISHARE RUS 2000 INDX
80.25 3:48PM ET
0.01 (0.01%)
41,333,486
Chart, Profile, More
INTC
INTEL CP
19.26 3:53PM ET
0.01 (0.05%)
35,173,169
Chart, Profile, More
MOT
MOTOROLA INC
17.95 3:48PM ET
0.20 (1.13%)
33,348,600
Chart, Profile, More
BSX
BOSTON SCIENTIFIC CP
14.14 3:48PM ET
1.08 (7.10%)
32,823,250
Chart, Profile, More
DELL
DELL INC
23.60 3:53PM ET
0.77 (3.37%)
32,600,109
Chart, Profile, More
F
FORD MOTOR CO
7.89 3:48PM ET
0.00 (0.00%)
31,382,894
Chart, Profile, More
HAL
HALLIBURTON CO
31.32 3:48PM ET
0.24 (0.77%)
25,268,696
Chart, Profile, More
PFE
PFIZER INC
25.73 3:48PM ET
0.07 (0.27%)
27,678,148
Chart, Profile, More
ORCL
ORACLE CORP
18.32 3:53PM ET
0.08 (0.44%)
29,026,499
Chart, Profile, More
AAPL
APPLE INC
95.73 3:53PM ET
2.21 (2.36%)
28,954,336
Chart, Profile, More
LSI
L S I LOGIC CP
10.09 3:48PM ET
0.18 (1.75%)
29,152,449
Chart, Profile, More
TWX
TIME WARNER INC
20.20 3:48PM ET
0.40 (2.02%)
26,816,208
Chart, Profile, More
GE
GEN ELECTRIC CO
35.97 3:48PM ET
0.15 (0.42%)
27,788,583
Chart, Profile, More
XOM
EXXON MOBIL CP
75.53 3:48PM ET
0.51 (0.67%)
22,214,810
Chart, Profile, More

Labels: AAPL, BSX, CMGI, CSCO, DELL, F, GE, HAL, INTC, IWM, LSI, MOT, MSFT, ORCL, pfe, QQQQ, SPY, SUNW, TWX, XOM

It was a little scary at first: we had our nice puts to protect us, but by 9:45 we were already switching to Diamonds Trust Series 1 ETF (AMEX: DIA - News) $124 calls as the market began to turn.
We picked up a lot of bargains (we hope) on the morning dip and dumped a lot of oil positions as that sector took off on us. At 9:58 I said about the oil sector: "A 1.66% bounce is expected and meaningless," and the Oil Service HOLDRs ETF (AMEX: OIH - News) closed up 1.56%, Energy Select Sector SPDR ETF (AMEX: XLE - News) closed up 1.7% and the OGX closed up 1.39% so no worries there either!
We held almost every single one of our levels!
The Dow took a neat bounce right off 12,400
Transports missed by 2,580 by 1.41
The S&P went above and beyond at 1,425
The NYSE came out of it's coma and flew to 9,140
The Nasdaq also made a remarkable recovery ending at 2,430
No help from the SOX, who dropped all the way to 469 (still not good!)
The Russell actually did pull out of its power dive >right at 775!

All in all the day was quite a relief and we took a few more off the table and opened a few new positions:
Cramer is on about Adobe Systems Inc. (NASDAQ: ADBE - News) being unfairly sold off and he's absolutely correct! This is a great stock being given away for $41.45. I was hoping to see it test the 50 DMA at $40, but with Cramer on the case this might get away from us. I like the Apr $45s for $1.75 but I will sell the Feb $45s if they get close to giving me my money back!
We lost the rest of the American Express Company (NYSE: AXP - News) Jan $60s at $2.50 (up 127%).
ConocoPhillips (NYSE: COP - News) Jan $70s stopped out even at .80. We picked up the $75 calls for $1.25 to cover our remaining puts and they finished the day up a dime.
Chevron Corp. (NYSE: CVX - News) Jan $70 puts stopped out even at .30.
eBay Inc. (NASDAQ: EBAY - News) Jan $32.50s were added at $1.10 (I wasn't as quick as Soccer!).
I took the FedEx Corp. (NYSE: FDX - News) July $120s for $7 and sold the Jan $115s for $3.50 -- a last minute change of plan!
Corning Inc. (NYSE: GLW - News) seemed cheap with the May $20s at $1.60.
We played Google Inc. (NASDAQ: GOOG - News) $490s from $5.40 to $6.70 (up 24%) but lost .50 of that gain on the Jan $430 puts from $4 to $3.50.
Intel Corp. (NASDAQ: INTC - News) $20s were entered at $1.05.
Marathon Oil Corp. (NYSE: MRO - News) $90 puts were initiated at $1.20 but I expect to take a DD closer to .60!
I sort of doubled down on the NASDAQ 100 Trust Shares ETF (NASDAQ: QQQQ - News) $45s but I took the closer quarterlies for .10!
Toll Brothers Inc. (NYSE: TOL - News) Jan $32.50s were taken off the table at $1.65 (up 32%) ahead of earnings as it wasn't worth the risk.
Energy Select Sector SPDR ETF (AMEX: XLE - News) $59 puts were another victim of the oil pump at .90 (up 38%).
ExxonMobil Corp. (NYSE: XOM - News) $72.50 puts were taken out at .50 (up 25%) and the $75 puts were cut off at $1 (up 18%).
By Phil Davis

Labels: ADBE, AXP, COP, CVX, DIA, Ebay, FDX, GLW, GOOG, INTC, MRO, OIH, QQQQ, TOL, XLE, XOM