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CNBC’s Jim Cramer said Monday that there could be an opportunity to buy stocks ahead of a possible rally.

“Watches, as Larry Williams commented, suggest that Christmas will not be canceled on Wall Street; he thinks we are still waiting for the Santa rally and the ideal time to buy is this Thursday,” he said.

Stocks fell for a fourth straight trading session on Monday, amid growing recession fears.

Cramer said the market’s recent decline is the perfect setup for a Santa Claus rally, which describes the bullish trend in U.S. stocks late into the year and into the new year. What matters to Williams is when, not if, the stock will end, according to Cramer.

To explain Williams’ analysis, he looked at a daily chart of S&P 500 futures from November 2021 to January 2022.

The lower blue line is Williams’ seasonal forecast and offers the best buying opportunities from mid to late December, with the Santa Claus rally lasting until January 10. at the end of the year, in line with the forecast.

Cramer then compared these findings with data from the daily S&P futures chart since September of this year.

The chart suggests the market has just entered a “seasonal sweet spot,” Cramer said. He added that Thursday’s trading session would be an ideal time to buy ahead of a potential rally, according to Williams.

“I know it’s hard to believe the market is ready to run, but it always is with Larry’s calls. While it may be different this year, historically, betting against him has been a really bad strategy,” he said.

For more analysis, check out Cramer’s full explanation below.

Jim Cramer’s Guide to Investing

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