abouting on new features and driving supply into what they say is going to be a strong upgrade asking the smhas down worst day since december 4th broke an eight day win streak. a notable chip taking a big hit on the drag there, texas instruments which afterward mrch quarter guidance showing top line declines and frustrating investors. >> for those of you new to the show, stocks go down when there are more sellers than buyers. >> weird >> doesn't happen a lot with apple. who is buying -- josh outlined some of the bearish analysts takes. recently it has gotten two down grades, a bunch of union shipment cuts for the march quarter. the stock is only off 3% from its all time high. >> shallow not saying it couldn't come further. and tony sack naggy was talking about units, concerned about the number of units, is this going to lower, but he also talked about pricing power. you talk about the fact that the revenue and earnings could be coast to in-line, maybe a little below or above, somewhere in there but that's still a concern. i'm less concerned about that. because they are going to have to show m

now he's down eight points today after earnings you know what i mean i think the smh, i have been trading around it, i have been trading around, pulled the rip cord a couple of weeks ago. >> how do you feel about bitcoin? >> just kidding. save that for another show. >> i love when dan says remember last week when i got pissed off at an analyst. >> which one are you talking about. >> a block or a block, which one are you talking about. >>> phil lebeau is monitoring continent's al's call. what the ceo is saying that sent the stock lower. >>> bitcoin is stock in crypto purgatory. even as though look vulnerable, brian kelly has three golden rules for investing in the space. >>> stocks are at record highs how do you know when it's safe if a stock is a at record high we will break it down after this our mission is to make off-shore wind one of the principle new sources of energy. not every bank is willing to get involved in a "first of its kind" project. citi saw the promise of clean energy. we're polluting the air less. businesses and homes can rely on a steady source of power. this will be th

chad with washington crossing advisers chad, why do you think investors would be smart to buy the smh well, i think it's a safe way of playing it in the short run, we do favor this exchange-traded fund we think global growth as well as investing spending on technology is quite favorable. that bodes well. overall, you're not getting individual company risk. you can buy a broad basket in the long run, this, though, is a hypersensitive to global growth so if you start to see any kind of deceleration of investment spending, you have to be not quite complacent with this one we think in q1 you're going to see an out-performance >> optimistic with a word of caution there. craig, how do the charts look? >> right. >> well, brian, if we look at chart of the smh, what we've seen so far is a correction back to the longer term uptrend support line that's been in place. now, today's move up is really interesting. we're coming right back up to the 50 day moving average. 101. we need to push through that if we don't push through that, we can eventually see a setback on this particular index as you kn

. >> here's the deal, under, the smh that's a semiconductor, but broadcom, abgo, is only up about 2%some of the reasons why, they trying to buy qualcomm. the whole thing is a big mess. but the stock is kind of stuck here that's why i believe the reason for the underperformance i think the main reason for that is valuation, trading below market multiple, but the company is expected to grow earnings close to 20% on like 18% sails growth, so on a pe-to-growth, the symptom is pretty cheap, and die spied the underperformance if you -- this is 260 down to about 255, also the intersection of the up trend the stock haas has been up about 38%, obviously outperforms the nasdaq, but it has underperformed the index i think this stock 262 is a good buy. they'll report in late february, maybe get some resolution, but i don't think the m & a matter, but i think it goes up one way or another however, is there a circumstance where, listen, qualcomm says you're severely undervalued. there's a situation where you might see quality dom overbay? >> there's -- i think there may be some other politics i do

it in the business, i think we have to look at the smh here i think we see weakness in the next days. >> i'm ma listily, that's the end of "fast money make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. >>> if you want to understand this market, i mean, really understand it, you need to throw away nearly everything we've learned about stocks over the past decade. i keep telling you, this time isn't any different which means you can't take your cue from the playbook that worked in more troubled times wanted to give up on stocks on companies that -- and never look back but you know what, these days that tendency will lead you astray including on this where the dow slipped four points and the nasdaq gained .71% old habits ar

they have the greatest influence for the smh it's taiwan, semi.x, and qualcomm however, there's equalweight 30% conduct tore stocks. that's lagged not only in this one-year period but year to date some technical analysts will are looking at it saying maybe they're tiring a little bit. earnings drove that sharp pullback more broadly it's been a narrower performance story so i do think the question is going to be can leadership transition if, in fact, that's what's going on semiconductors giving away to other areas of tech or if it's a more whole sale, we might be able to expect. >> thank you, mike mike santoli squloo when we come back, the ceo of union pacific wchl'll talk the rail industry, taxes and a lot more get ready for tomorrow starbucks will report after the earning bell and we'll talk with the ceo kevin johnson at 9:00 a.m. on "squawk on the street. a lot more ahead witthh e dow up 102. don't go away. it's absolute confidence in 30,000 precision parts. or it isn't. it's inspected by mercedes-benz factory-trained technicians. or it isn't. i

smh alan: smh? carlos: shaking my head.ciertas actitudes y tienes manera de por quÉ pedÍrselo o no pedÍrselo. no es estar encima de ellospara darse cuenta de lo que estÁs viendo no. carlos: a lo mejor los padres confÍan mucho en sus hijos, estamos viendo los nÚmeros que se inclina por el no. allÍ estÁ. pueden seguir votando con nosotros. quÉ interesante. alan: Écheles un ojo al celular de vez en cuando. colate:creo que en los niÑos, tambiÉn por las influencias de otros amigos, que si van a ser cool. alan: las cosas malas que les he visto a mis hijos es de ellos hacia mis hijos, no mal, las palabras fuertes son de sus amigos a ellos. carlos: vamos con otros tips pir "parent in room", pos "parent over shoulder", es decir que las tienen encima. volveremos. l'oréal te hará brillar de una forma nueva. presentamos lumi glotion. la primera loción de l'oréal que aumenta la luminosidad. Úsala en todo el rostro. en 4 tonos naturales. dile: "bonjour"... bonjour a una piel luminosa sin esfuerzo. nueva lumi glotion, de l'oréal paris. añ

semiconductors, smh notably weak anything with robotics, botz, that was hot, that was notably weak gamingdeo technology etfs, gmar was hot and that was weak you can buy these internet stocks in china that are hot through this etf, they were weak bottom line, momentum stocks were notably weak. anything associated with the global economic recovery, that was weak as well the final big question here, what about this end of the month window dressing, we don't know if that was a factor we'll know in two days, february 1st we'll answer all those questions. >> that's true bob pisani joining us to make sense of it is sam stovall at post nine, chief strategist at cfre you focus on earnings number how do you view the pullback against that >> i view the pullback basically is we got a bit overextended as of friday we were 7% above the 50-day moving average. 14% above the 200-day moving average. both of those are one and a half standard deviations above the mean but history says momentum doesn't like to give up too easily three months later we're higher 70% of the time. so, i think that we still have m

when you think about what they did this year, look at the facts, smh, they had an absolutely monster run, year to date run, whatever you choose, texas instruments, i think, they basically just did not deliver enough, and that pulled the semis back today. they were down about 11% i think the opportunity there is, if you have been waiting for an opportunity, look what nay did in automotive. look what they did in industrial they got some strength of texas instruments. look at the pullbacks. they said, if it pulls back, i want opportunity you get 11%. it's back to where it was weeks ago, and i like the valuation levels right now, and i still think they have plenty of growth i know the forecast was a little weaker than people thought, but looking at all the semis across the board, it's part of the rotation that we've been watching, kelly, for a long time, and i think today, just the rotation out of some of the names. >> pete, if a well-managed, well-situated company like texas instruments could not deliver quite enough, does that tell you anything about the cycle just doesn't have enough

sectors again we see semiconductors, smh leading to the downside and utilities are weak and two big cyclicalss a little weaker, banks up because of the rates are a little bit higher. i think it's important to note these semis all topped out in november and had a tough time moving forward since then. outside of tech, key sectors to the market are overbougt i looked at the market in terms of momentum and relative strength indicators and how strong has the price action been if you're over 70, you're overbougt. if you're 90, you're stupidly overbougt. the industrials and materials have been straight up like a rocket in the last three weeks or so. energy and transports as well, look at the transport index and see what i'm talking about it's up 15% in what, a month there you go that's straight up essentially almost 20% above the 200 day moving average it doesn't happen. you can't sustain that kind of momentum, it makes sense for us to move back a little bit. talk about overbought. lennar, we're talking about the whole home building sector has been huge. up 25% in the last few months. i think it's v