“You need a dashboard to see how well we’re navigating the gauntlet this week,” Jim Cramer said Tuesday on CNBC’s “ Mad Money .” And by gauntlet, Cramer was referring to the dizzying fray of reports investors will be awaiting from the Federal Reserve, the European Central Bank and the U.S. Labor Department — with that big Friday jobs number.
But the “Mad Money” host decided to share some of his secrets and explain how he tracks eight key sectors to determine just how the market might play out a day or two in advance.
First and foremost, Cramer always watches gold . He insists that every investor should not only own gold but also track the precious metal along with him — by using the SPDR Gold Shares Trust. Sometimes it’s hard to tell what gold is really measuring, especially when the commodity outperforms every other asset class in both good times and bad. But gold isn’t fickle, he said. At times, gold simply reacts to a given set of stimuli, and right now he’s waiting to see what signals it sends about Europe.Page 1 of 5 | Next Page