Jim Cramer's Best Blogs

NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

• why the recent rally may cool;
• a stealth Apple-derivative play; and
• why Apple is a stock to own, not to trade.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.

Watch the Patterns

Posted at 3:50 p.m. EDT on Friday, Sept. 14

I cannot, for the life of me, figure out how much of this rally is short-covering. Today I am watching the apparel companies, and I am thinking it's short-covering aplenty.

Deckers(DECK) , which has been languishing seemingly forever after a bunch of misses, has now stabilized and is gapping up nothing, a sign that this perennial short may be worrying the bears.

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PVH(PVH) , Ralph Lauren(RL) and V.F. Corp.(VFC) , three names that have been in the cross-hairs of shorts because of their European exposure, now seem to be in orbit now. That feels like beleaguered shorts who have just thrown in the towel. The same goes for Fossil(FOSL) , which is going crazy to the upside.

Even Coach(COH) , which "blew" it, has a feel of "time to cover." Only Nike(NKE) , which has everybody freaked out, has been able to buck the bullish trend.

Or how about the Zynga(ZNGA) /Groupon(GRPN) world? The law of small numbers precludes Zynga and Groupon from being home runs. It is time to cover. Plus, the whole group is getting a boost from Facebook's(FB) bounce, which now comes under the category of something real and something animal-spirited.