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This is one of those moments when investors need figure out if they're fast enough to thread the needle, Jim Cramer told his Mad Money viewers Tuesday. If you're quick enough, you can sell now and buy your favorite stocks back at lower prices later. But for the rest of us, it's perfectly fine to just wait for those lower levels to arrive.

Cramer said there were a few reasons for Tuesday's market selloff, a decline which started with a $2 a barrel drop in oil prices. Many hedge funds automatically sell stocks when oil prices fall, Cramer reminded viewers, and that negativity was only compounded by the news that trade talks with China may have again stalled.

Then there were negatives on the housing front, with existing home sales plummeting 6% for the fourth month in a row.

The positive earnings from Johnson & Johnson (JNJ) - Get Johnson & Johnson Report and IBM (IBM) - Get International Business Machines Corporation Report weren't enough to offset the 15.4% plunge in Stanley Black & Decker,  (SWK) - Get Stanley Black & Decker, Inc. Report however, which added to the market's worries.

But Cramer said many stocks are now close to their lows, which makes them good bargains. He said the declines are likely to continue into Wednesday, which will be a more opportune time to start some buying.

Cramer and the AAP team are trimming their position in Amgen (AMGN) - Get Amgen Inc. Report and downgrading their rating. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus.

What's the Deal With the China Deal? 

What does the macro economic data out of China have to do with your portfolio? Plenty, Cramer told viewers. He said that the rise in Chinese unemployment is just one more data point that may lead China back to the negotiating table. It's clear that companies are moving their operations outside of China to avoid increased tariffs and eventually these economic losses will cost the Chinese more than allowing U.S. companies to operate independently within their borders.

Additionally, Cramer said that slowing global growth will also be viewed positively by the Federal Reserve, which should feel compelled to keep interest rates right where they are. Cramer said he continues to be concerned with the housing sector in particular, which continues to slow with even the current level of mortgage rates.

A pause in interest rate increases will ultimately be great for a whole swath of our economy, Cramer concluded, and that alone may be enough to sustain us until a trade deal is reached.

Over on Real Money, Cramer looks at global economic weakness, China and Davos. Get more of his insights with a free trial subscription to Real Money.

Off the Charts: Chinese Stocks 

In the "Off The Charts" segment, Cramer checked in with colleague Dan Fitzpatrick to see if, perhaps, some of the most prominent Chinese stocks are worth taking a second look at. Stocks are, after all, a forecasting engine that looks ahead six to nine months.

Fitzpatrick first looked at a daily chart of (JD) - Get Inc. Report , noting the stock has made a double bottom pattern at $20 a share and is now holding above the stock's 50-day moving average. The MACD momentum indicator swung positive in September, adding to his conviction.

A similar pattern can be seen in shares of YY (YY) - Get JOYY Inc. Report , often referred to as the Chinese Netflix (NFLX) - Get Netflix, Inc. Report . Here again, Fitzpatrick noted a double bottom and a move above the 50-day moving average.

In both cases, Fitzpatrick advised to wait for a little more strength before making any trades. Cramer said Fitzpatrick's analysis makes for an interesting argument, but for the moment, he cannot recommend any Chinese stocks with the trade war still looming overhead.

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Executive Decision: Logitech 

For his "Executive Decision" segment, Cramer checked in with Bracken Darrell, president and CEO of Logitech International (LOGI) - Get Logitech International S.A. Report , the computer and gaming accessory maker which just posted a 13-cents-a-share earnings beat and raised its 2019 outlook.

Darrell said it was another strong quarter for Logitech, with sales up 8% overall and their top three categories growing by double digits. Profits were also stronger, up 22% year-over-year.

Among the growth drivers for Logitech continues to be the growth in eSports, Darrell said, and more and more people are watching these events and more and more colleges begin offering scholarships for the top eSports players. He added that the explosive growth of the game Fortnite will not be the last time we see a breakout hit enter the market.

When asked about the company's manufacturing, particularly in China, Darrell explained that about 50% of Logitech's products are made by them, while the other 50% are outsourced to other factories, typically in China. But he said Logitech has become an expert at moving production where it makes the most sense and will continue to move items out of China as it makes sense to do so.

Finally, when asked about slowing sales in Bluetooth speakers, Darrell said the category had been on fire for the past five years, so he wasn't surprised to see it crest and now begin to decline. That's why Logitech has a portfolio of categories it operates in, to mitigate any weakness in a single area.

Bring Dell Back? 

Now that Dell Technologies (DELL) - Get Dell Technologies Inc Class C Report is publicly traded again, does it deserve a spot in your portfolio? Cramer did the homework to find out. He said today's Dell is nothing like the Dell that took itself private five years ago, and that has both pros and cons.

Among the positives is the company's new business model. Dell still makes PCs and servers, but it also acquired EMC, which made it a leader in the enterprise services market and gave it a controlling interest in VMWare (VMW) - Get VMware, Inc. Class A Report , which also made it a leader in the data center as well.

Doing that acquisition unfortunately also gave Dell a lot of debt, however, and Cramer said he's wary of the company's corporate governance. Common shareholders only own 22% of the company, with founder Michael Dell owning 55%. That may not all be bad though, as Michael Dell has a proven track record and a clear motivation to succeed.

Cramer said many of these negatives are already baked into Dell's share price, but few of the positives are. He'd be a buyer at these current levels, given the company's growth trajectory. 

Lightning Round

In the Lightning Round, Cramer was bullish on Nvidia  (NVDA) - Get NVIDIA Corporation Report , American Electric Power (AEP) - Get American Electric Power Company, Inc. Report , Consolidated Edison (ED) - Get Consolidated Edison, Inc. Report , Dominion Energy (D) - Get Dominion Energy Inc Report , JB Hunt Transport Services (JBHT) - Get J.B. Hunt Transport Services, Inc. Report , Microsoft (MSFT) - Get Microsoft Corporation Report and Kimberly-Clark (KMB) - Get Kimberly-Clark Corporation Report .

Cramer was bearish on Ligand Pharmaceuticals (LGND) - Get Ligand Pharmaceuticals Incorporated Report , Edison International (EIX) - Get Edison International Report , ArcBest (ARCB) - Get ArcBest Corporation Report , Investors Bancorp (ISBC) - Get Investors Bancorp Inc Report and Albemarle (ALB) - Get Albemarle Corporation Report .

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At the time of publication, Cramer's Action Alerts PLUS had a position in AMGN, JNJ, MSFT.