Technology along with oil stocks have rebounded after the fourth-quarter sell-off along with investors should be conscious of how much farther they could run, Cramer said.
He looked at chart patterns provided by commodity broker Carley Garner, co-founder of DeCarley Trading, to see where the stock prices could be headed. Technical analysis examines the cost history to determine when to buy or trade a security.
“Oil along with technology have led This particular market higher for months along with right now the charts, as interpreted by Carley Garner, suggest of which they’re running into some resistance,” the host said.
Cramer highlighted of which crude along with the tech-heavy Nasdaq 100 have been trading in near lockstep over the past 180 sessions — peaking at the same time in October along with bottoming at the same time in December — although tech has bounced harder.
“however she thinks both groups could have, alas, one more hurrah, with oil having more potential upside,”
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