Questionable Leaders

 | May 09, 2013 | 3:30 PM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

tsla

,

gmcr

,

nflx

,

amzn

,

lulu

Crummy leadership at work! That's what happens when your leaders are the short-squeeze names. You need tried and true, or you just get too hot.

Think about it. Today is not just Tesla Motors (TSLA) and Green Mountain Coffee Roasters (GMCR) day; it's also Netflix (NFLX), Amazon (AMZN) and lululemon athletics (LULU) day. And those are mostly short-squeeze names.

The leadership away from the squeeze names is no other than Emerson Electric (EMR) and 3M (MMM), two stocks that disappointed that are now trading above where they disappointed.

That's not the kind of terra firma that the bulls need to take the market higher. I have been saying that we need to cool off here. We don't want a market that's going to go parabolic. This may just be a pause that refreshes, but it is going to have to refresh with a lot different leadership if the endless rally is going to continue.

Columnist Conversations

There were nice reversal-type candles on the weekly charts of the major indices. The DOW and the S&P forme...
A number of stocks on my watch lists are attempting to form positive candles a key support levels. I noted th...
Lang:
While last week was a day to pull the plug and contemplate where the market was headed, I waited for some conf...
Shares of TSLA have formed multiple hammer candles at a key level of support defined by: the September head an...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.