Jim Cramer takes a look at the warning signals one analyst points out in the charts to find out what could lie ahead in this market.
CNBC's Jim Cramer said Thursday that his colleague is warning that danger could be on the horizon for the stock market.
The high-to-high cycles, as explained by Boroden, in the weekly chart of the S&P 500 is cause for concern, the host said. "In fact, she's looked at a series of previous high-to-high cycles, and what she's noticed is that there's a whole confluence of them coming due this month," Cramer said."That's why she's throwing up a caution flag, because Boroden thinks we might finally get a deep downside correction — even deeper than what we've already experienced during hell week.
He refuted Trump's suggestion that the United States should welcome tariffs on imports from China because the Chinese pay for them. CEO Josh Silverman shrugged off the decline, telling CNBC's Jim Cramer that the mixed first quarter results were better than he had projected in March.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer Remix: LendingTree could get a boost from lower interest ratesJim Cramer explains how LendingTree has overcome the short sellers and can succeed with lower interest rates.
Read more »
Cramer Remix: There aren't enough safety zones in this market, so don't buy into the weaknessJim Cramer warns that there may be more panic – and selling – ahead as fears over U.S.-China trade relations are reignited.
Read more »
Cramer Remix: China needs us more than we need ChinaJim Cramer explains how the United States has the upper hand in trade negotiations with our stronger, cash fueled economy.
Read more »
Cramer Remix: Why buybacks have not benefited Bed Bath & BeyondJim Cramer explains how the retailer has hurt itself by spending fortunes buying back stock.
Read more »
Cramer Remix: Occidental Petroleum's deal with Buffett is ill-advisedJim Cramer breaks down Buffett's investment in Occidental and why he thinks the company could get a better deal elsewhere.
Read more »
Jim Cramer swaps Twilio for Red Hat in his 'cloud kings' group of hot tech stocks'I'm not going to tell you that it's cheap, but I'd much rather own Twilio than these shiny new objects,' Cramer said.
Read more »