Jim Cramer: 5 Things to Look for Before Buying Stocks Here

 | Feb 12, 2018 | 6:07 AM EST
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Stock quotes in this article:

uvxy

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VXX

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TVIX

Before you buy a stock today, with the S&P 500 futures up huge but bonds not cooperating, remember what you need to see:

  • VIX going down and down hard -- much harder than it did on Friday.
  • All of key VIX derivatives calming down and going lower, particularly the ProShares Ultra VIX Short-Term Futures (UVXY) , the iPath S&P 500 VIX ST Futures ETN (VXX) -- and most importantly, the VelocityShares Daily 2x VIX ST ETN (TVIX) . If you see the volume dry up on these, it would be terrific.
  • An oil rally, as the oil decline was coincident with the S&P 500 futures declines for most of last week.
  • The dollar staying weak and not even coming near rallying.
  • Most importantly, the 10-year U.S. Treasury bond going higher in price and lower in interest.

If you don't get all of these, then buying up high on top of the S&P 500 futures (which are up 34 points asI write this) would be a big mistake in my opinion and is just worth taking a pass on.

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