‘Big fear’ is gone, but the market is not ‘ready to roar’

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CNBC’s Jim Cramer on Tuesday broke down a trusted technical analyst’s findings in the chart action of the S&P 500 and volatility indexes to gauge the market’s next movements.

The “Mad Money” host took a pointer from volatility expert Mark Sebastian, founder of OptionPit.com, who cautions that the recent upside in the market is likely ephemeral.

“The charts, as suggested by Mark Sebastian, the big fear — a total collapse of the economy and the stock market — I think has been taken off the table,” Cramer said, “but that doesn’t mean we’re ready to roar. Instead, he’s expecting a

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What happened to the stock market Tuesday: Stock rally loses steam

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People walk by the New York Stock Exchange (NYSE) on March 09, 2020 in New York City.

Spencer Platt | Getty Images

Dow Jones Industrial Average fell 26 points

The Dow lost 26.13 points, or 0.12%, to 22,653.86. The S&P 500 fell 0.16% to 2,659.41. The Nasdaq Composite dropped 0.33% to 7,887.26. Stocks gave up a massive rally from earlier in the day as Wall Street assessed the latest news on the coronavirus outbreak. 

Good news on the virus front

In the U.S., the number of new cases appears to have fallen in recent days from their recent peak. On

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Investors await data on coronavirus drugs as market rally builds

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NEW YORK (Reuters) – Clinical data on potential treatments for the new coronavirus could help sustain a market bounce that has buoyed stocks after last month’s plunge, as investors look for signs that authorities may be able to stabilize the pandemic.

FILE PHOTO: Researchers at the University of Minnesota Genomics Center set up an automated liquid handler as researchers begin a trial to see whether malaria treatment hydroxychloroquine can prevent or reduce the severity of the coronavirus disease (COVID-19), at the University of Minnesota in Minneapolis, Minnesota, U.S. March 19, 2020. REUTERS/Craig Lassig/

Highly anticipated data for a Gilead Sciences

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Market trend just ‘flipped’ in the coronavirus chaos: Bespoke’s Hickey

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The coronavirus chaos has turned a historical market trend on its head.

According to Bespoke Investment Group co-founder Paul Hickey, buying and holding stocks in extended hours trading has morphed into a losing proposition for investors.

Typically, it has been a time frame that’s more profitable than buying at the open and selling at the close.

“This year has been a lot different. Holding equities outside of regular trading hours has actually resulted in a decline of 28% while holding during the trading session has resulted in a gain of about 6%,” he told CNBC’s “Trading Nation” on

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