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NEW YORK ( TheStreet) -- "We used to cower when the old President Obama came on the air," Jim Cramer told the viewers of his "Mad Money"TV show Monday.

"But today," he continued, "we received the ultimate confirmation that the new and improved President Obama is here to stay."

Cramer said investors don't need to love the president, or even like him, but they do need to care if the markets like him. And with today's rally, the markets have signaled loud and clear that it no longer fears Obama.

"There's no denying his change in attitude," said Cramer, adding the president is no longer demonizing big business. He said the facts have changed, and so has Cramer's stance on the markets.

Cramer said the most important take away from today's CNBC town hall meeting was that the President is willing to compromise on middle class tax cuts. "Compromise breeds jobs," said Cramer, and without jobs there will be no trimming of bank losses or turn in housing starts or rally in the retail stocks.

Compromise breeds certainty, and with certainty, business can once again flourish, he said. According to Cramer, the President wants to make deals and create jobs, and that's exactly what the markets needed to hear.

Security Data Plays

"The business of protecting people and data is in bull-market mode," Cramer told viewers, as he followed up on one of his Top 10 investing themes of 2010. He said of the seven security stocks he featured on Oct. 16, 2009, three have received takeover bids at huge premiums.

Cramer said that Cogent ( COGT) received a takeover bid and is up 10% from his last recommendation, but ArcSight ( ARST) and L-1 Identity Solutions ( ID) also received bids, and are up 89% and 70% respectively.

With these three names now off the radar, Cramer has three new replacement stocks. All have had big runs recently, so Cramer suggested buying them only on a pullback.

The stocks included Fortinet ( FTNT), makers of unified threat management software, Verint Systems ( VRNT), a video and communications analysis firm, and Radware Ltd ( RDWR), an applications delivery company. Cramer said all three of these companies have strong fundamentals.

Receiving an honorable mention was NICE Systems ( NICE), a stock that's down 3% since Cramer's last recommendation.

Cramer said NICE Systems also has strong fundamentals, with $9.37 a share in cash on the books and a stock that trades at just 10.6 times earnings. NICE Systems, he said, plays in both the physical and network security businesses, and deserves to trade much higher.

A Lesson on Technical Analysis

Cramer kicked off a week-long segment entitled "Chart Week" to help viewers learn the ins and outs of technical analysis. Cramer said while he continues to value stocks based on their fundamentals, technical analysis has a place in investing. Charts don't predict what's going to happen, he said, but they do tell you what investors are actually doing.

Cramer was joined by colleague and chartist Dan Fitpatrick, for the latest technical read on where the markets may be headed. Fitzpatrick said that investors need to keep their eyes open when looking at charts. "They send signals," he said, but only if you're looking for them.

When looking at a weekly chart of the S&P 500, for example, Fitzpatrick noted the dreaded "head and shoulders" pattern that began late last year. According to chart theory, Fitzpatrick said investors should be selling now, but in reality, the average never completed the right shoulder, and had investors sold, they would have missed a powerful move higher.

Turning to a daily chart of the Dow Jones Industrial Average, Fitzpatrick also noted the head and shoulders pattern, with the head appearing this past April. He said the pattern may seem cut and dry, but nothing is ever clear in technical analysis. He noted that the index stayed above its 40-day moving average, thus nullifying the head and shoulders.

Going forward, Fitzpatrick said he expects some selling after today's rally, but ultimately sees the Dow heading to 11,000.

Mad Mail

Cramer told a viewer that he's not worried about a lawsuit against Chevron ( CVX), and thinks the company is still a good one. He told another viewer that Oracle ( ORCL) now has growth, and there's no reason to sell that stock.

When asked about JDS Uniphase ( JDSU), Cramer said he still likes it, but would hold out for better tech stocks like Apple ( AAPL), a stock which Cramer owns for his charitable trust, Action Alerts PLUS.

In the natural gas sector, Cramer told a viewer that he's not a fan of Ultra Petroleum ( UPL) and would only recommend Chesapeake Energy ( CHK). When asked about embattled oil giant BP ( BP), Cramer advised sticking with other oil companies that pay dividends.

Finally, when asked about Cree ( CREE), Cramer again acknowledged he's been wrong on the stock, but said it will be higher a year from now.

Lightning Round

Cramer was bullish on KBR ( KBR - Get Report), Owens Corning ( OC - Get Report), JPMorgan Chase ( JPM - Get Report), Bank of America ( BAC - Get Report) and L-3 Communications ( LLL).

He was bearish on A123 Systems ( AONE) and Wells Fargo ( WFC - Get Report).

--Written by Scott Rutt in Washington, D.C.

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At the time of publication, Cramer was long Apple.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.