To understand Wednesday's rally you need to know what prompted the earlier selloff, Cramer says.
Cramer's a buyer of Generac Holdings but he's not interested in Gogo.
Cramer remains a big fan of Time Warner, CBS and Warren Buffett and sees Alcoa going higher.
The market is so confusing and Cramer is seeing some of his favorite stocks being sold off heavily.
Priceline is Cramer's favorite in the over $500 a share category while First Solar is best of breed and very inexpensive.
Cramer says Encana is going higher but he's lukewarm on Diana Shipping.
Cramer says the economy may be getting better but the markets sure aren't showing it.
NRG Energy is a forward-thinking utility while investors who got in on the GrubHub IPO need to sell, pronto.
Cramer would go with Salesforce.com but avoid BioCryst Pharmaceuticals.
Caution, not aggression, will be the rule next week, Cramer says.