{"id":123847,"date":"2021-12-13T06:08:52","date_gmt":"2021-12-13T06:08:52","guid":{"rendered":"https:\/\/fin2me.com\/?p=123847"},"modified":"2021-12-13T06:08:52","modified_gmt":"2021-12-13T06:08:52","slug":"jim-cramer-says-mondays-market-bounce-may-not-be-finished-stocks-can-go-higher-this-week","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/jim-cramer-says-mondays-market-bounce-may-not-be-finished-stocks-can-go-higher-this-week\/","title":{"rendered":"Jim Cramer says Monday&#x27;s market bounce may not be finished, stocks can go higher this week"},"content":{"rendered":"<ul>\n<li>The rally Monday on Wall Street may have more room to run in the very near term, CNBC&#x27;s Jim Cramer said.<\/li>\n<li>&quot;I don&#x27;t see much on the calendar that could derail the bull until Friday, when we get the consumer price index number, which I expect to be red hot,&quot; the &quot;Mad Money&quot; host said.<\/li>\n<\/ul>\n<p>The rally Monday on Wall Street may have more room to run in the very near term, CNBC&#x27;s Jim Cramer said after the Dow Jones Industrial Average jumped nearly 650 points, or 1.8%.<\/p>\n<p>The S&amp;P 500 also advanced 1.1% and the tech-heavy Nasdaq added 0.9%, prompting questions of whether stocks could be in for a sustained move higher, as all three major U.S. equity averages are coming off losing weeks.<\/p>\n<p>Cramer said from his perspective, the rebound appears well-positioned to continue, even as the threat of the Covid omicron variant lingers.<\/p>\n<p>&quot;I don&#x27;t see much on the calendar that could derail the bull until Friday, when we get the consumer price index number, which I expect to be red hot,&quot; the &quot;Mad Money&quot; host said, referring to the Labor Department&#x27;s latest monthly report that sheds light on inflationary pressures in the U.S. economy.<\/p>\n<p>&quot;But in this market four days is a lifetime, and for traders, today was a bird in the hand; maybe two in the bush comes next week,&quot; Cramer said.<\/p>\n<p>One reason Cramer cited for his outlook is MarketEdge&#x27;s proprietary S&amp;P Short Range Oscillator, which\u00a0measures buying and selling pressure in the market. Cramer said the indicator reached a key level late last week during the market&#x27;s weakness, suggesting the selling had become too severe.<\/p>\n<p>&quot;It looked like we might be on the verge of something big and bad. Maybe we&#x27;d get some horrible omicron numbers over the weekend. But when nothing bad happened, we finally got the inevitable oversold bounce.&quot;<\/p>\n<p><em>Sign up now<\/em><em>\u00a0for the CNBC Investing Club to follow Jim Cramer&#x27;s every move in the market.<\/em><\/p>\n<p>Disclaimer<\/p>\n<p>Questions for Cramer?<br \/> Call Cramer: 1-800-743-CNBC<\/p>\n<p>Want to take a deep dive into Cramer&#x27;s world? Hit him up!<br \/> Mad Money Twitter &#8211; Jim Cramer Twitter &#8211; Facebook &#8211; Instagram<\/p>\n<p>Questions, comments, suggestions for the &quot;Mad Money&quot; website? madcap@cnbc.com<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/12\/06\/jim-cramer-says-mondays-market-bounce-may-not-be-finished-stocks-can-go-higher-this-week.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rally Monday on Wall Street may have more room to run in the very near term, CNBC&#x27;s Jim Cramer said. &quot;I don&#x27;t see much [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":123846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jim Cramer says Monday&#x27;s market bounce may not be finished, stocks can go higher this week - 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