WINDERMERE, Fla. (Stockpickr) -- According to Jim Cramer, the market needs to meet six requirements before a meaningful rally can be sustainable. On Wednesday's "Mad Money" TV show, he said that only when these items are checked off can the market rally and can we feel safe to buy tech, retail the industrials and the accidental high-yielders.
The six requirements that Cramer wants to see are as follows: fine print on financial regulations, Spanish bank stabilization, lower unemployment, a resolution on the oil spill, a soft landing in China and European stabilization.
In regards to European stabilization, Cramer said the market needs to have a stable euro. He explained that we need to see no more downgrades of country debt and no more talk of countries dropping the euro.
He mentioned that with the oil spill in the Gulf of Mexico, the market needs to see that the spill has been contained in order for the entire oil sector to begin recovering.
Cramer warned investors to temper their enthusiasm. He said Wednesday's rally will just be another reason to sell if the six requirements aren't met.
Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts (these blog posts might require a
: Cramer has identified a new bull market in the trucking sector. On
Wednesday's "Mad Money" TV show,
has $1 billion in cash and trades at just 10 times earnings with a 14% long term growth rate. The
Who Owns Cummins?
Hotchkis & Wiley
: Cramer has noticed some strange action in the markets with stocks such as
going up along with
. In a
May 25 blog post,
he wrote: "Weird group of stocks that are higher: the defensives, some consumer plays and some techs." The
Goldman Sachs Group
: Cramer believes that stocks such as
are being wrongly sold off due to
oil spill in the Gulf of Mexico. On
Tuesday's "Mad Money" TV show,
he said that not all oil service companies are created equally, and the slide in the
Oil Service HOLDRs ETF
could be a great opportunity for companies such as
: Cramer thinks
of stocks he's buying is cheap but not cheap enough. In a
June 2 blog post,
Cramer wrote: "
? We prefer
for the nat gas which has bottomed and for the restructuring." The
: Cramer thinks traders may have missed three hot stocks due to the long Memorial Day weekend. On
he said: "
had the best report of any tech company with the exception of
: Cramer thinks a number of stocks work in terms of a counter-program to what's going on in the markets. In a
June 1 blog post,
he wrote: "Speaking of smoking, how about going long
and going short
? The MO dividend covers the PM dividend and then some, and you have to bet that Europe will hit cigarettes with some humongous taxes that we might not put on them. PM's got currency weakness and MO, by nature, has NO EUROPE WHATSOEVER." The
-- Written by Roberto Pedone in Windermere, Fla.
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(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Cummins, Goldman Sachs, BP, Weatherford, ConocoPhillips, EMC, Prudential, Apple and Altria for his Action Alerts PLUS charitable trust.)