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What the Charts Say About Defensive Stocks

After economic data slammed stocks on Wednesday, what's an investor to do? For his part, Cramer had a few recommendations.

Don't panic and don't start stocking-up on defensive stocks that do well when the economy slows down, the "Mad Money" host said. After all, the charts are saying this could be a "Johnny-come-lately situation." When Cramer looked at the chart of a defensive stock, he saw a rally.

To further explain what he's seeing and what it means for your portfolio, watch the video.









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