What the Charts Say About Defensive Stocks

Wednesday, 1 Jun 2011 | 6:50 PM ET
Off the Charts
Cramer puzzles over the moves defensive names have made since mid March.

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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