- CNBC’s Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline.
- “According to the S&P oscillator I’ve followed for ages, we’re very overbought right now,” he said. “You have to hold your nose and sell something because we’re due for a pullback.”
CNBC’s Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline.
“According to the S&P oscillator I’ve followed for ages, we’re very overbought right now,” he said. “You have to hold your nose and sell something because we’re due for a pullback.”
The S&P 500 Short Range Oscillator, one of his longtime favorite market indicators, helps signal when the market has become overbought and possibly due for a pullback, or too oversold and due for a bounce. In other words, it helps predict when the market will pivot.
The Oscillator is over 8%, which means the market is incredibly overbought and due for a pullback, according to Cramer.
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