Seeing the winners flying by on the tape one after another, and I can't find a theme other than people buying stuff that's up a lot.
There's tremendous buying in a stock like Celgene (CELG) . Why? I think because it turned out the negatives didn't come true. No patent issues. No worries about Revlimid.
The video gaming stocks, which had lost their groove in the last few weeks, are right back in action. Nothing happened.
FANG? They can't stay away from growth. I am seeing Amazon (CELG) buyers everywhere and I think it can take out $1,000. The "action" in Alphabet (GOOGL) is most revealing. Have you read a good word about that one lately? I haven't. Yet it has regained its mojo.
The love for the homebuilders knows no bounds.
You have to admire this three-day jaunt in Applied Materials (AMAT) . It's incredible what a positive analyst day can do.
So all eyes are on Nvidia (NVDA) . The pattern of late has been strong buying in the morning and then failure in the afternoon and short-selling at the bell. Will it be duplicated? (Alphabet and Nvidia are part of TheStreet's Action Alerts PLUS portfolio.)
It's possible. The darned thing hasn't been able to break out of the $170s since the Tesla (TSLA) issue, despite giant orders from China. All I can say is that this company is artificial intelligence, and as much as I like all the semis, it is one of the few not at its 52-week high.
Join Jim Cramer, CNBC's Jon Najarian and Other Experts Oct. 28 in New York
Jim Cramer will host CNBC's Jon Najarian, TD Ameritrade's JJ Kinahan, famed analytics expert Marc Chaikin and other market mavens on Oct. 28 in New York City to share successful strategies for active investors.
You can join them as they discuss how smart investors can make the most of options trading, futures contracts, fundamental and quantitative analysis and great ETFs to buy right now. Participants will also get a chance to meet Jim and other panelists and take photos.
When: Saturday, Oct. 28, 8 a.m.-3 p.m. ET
Where: The Harvard Club of New York, 35 W. 44th St., New York, N.Y.
Cost: Special sale price: $95 per person if you book by midnight ET on Monday. (Normal price: $250 per person)
Click here for the full conference agenda or to reserve your seat now.