Are These High-Flyers Set to Crash?
Momentum has become dangerous, Cramer told viewers Tuesday.
According to highly regarded Wall Street technician John Roque, all the fast high-flyers will have to get crushed before we can bottom.
Specifically, he’s looking at what he calls the “Pretty Girls Index.” Many are names that names that populate Cramer’s favorites list—Baidu , Chipotle , Deckers Outdoors , Estee Lauder , Fossil , Green Mountain Coffee Roasters , Hansen Natural , Lululemon , NetEase , Netflix , Priceline , Salesforce.com , Whole Foods , Wynn Resortsand Yum! Brands .
“These stocks may be pretty,” Cramer said, “but to a technician like Roque, this is about as far from a pretty picture as it gets.”
Roque thinks time for these stocks to go lower, and the “Mad Money” host isn’t betting against him on this one.
To further explain Roque’s argument, Cramer went “Off the Charts.” Watch the video now!
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