NEW YORK ( TheStreet) -- "Europe remains the be all, end all of our markets," Jim Cramer reminded his "Mad Money" TV show viewers Tuesday. He said when there is bad news out of Europe, no one cares about good earnings, but when there is constructive news from the eurozone, companies with great earnings get taken higher. Cramer said the market still hinge on Europe, which after failing to acknowledge the magnitude of their problems, is finally beginning to work on a comprehensive solution to their problems. He said that explains why shares of JPMorgan Chase ( JPM) were taken down in Monday's trading, with negative euro news, only to rebound in today's action, with positive news. The same pattern can be seen in the likes of Alcoa ( AA), a stock which Cramer owns for his charitable trust,
Limits of Technical AnalysisIn the "Off The Charts" segment, Cramer reminded viewers that sometimes the charts can offer little help at all. He used an example provided by colleague Bert Dohman when examining the chart of the S&P 500 index. Cramer said that Dohmen sent him an email Monday, noting that after the head-and-shoulders pattern displayed between March and July of this year, the S&P has been range bound. He said after falling to its lows for the year, the index rebounded 50% to its recent highs, where it met considerable resistance. He said the outlook for the S&P was decidedly negative. But then today, Cramer said he received a second email from Dohman, stating that with the latest news out of Europe, the S&P could break through its resistance, which would be bullish for the markets. Today's news, said Dohman, changes everything. Cramer said this is why he chooses to stick with fundamental analysis of stocks, as the technicals can be fickle in tough markets. He said with a plan in Europe and a soft landing in China, it would be all systems go for U.S. markets, and that's something the charts simply can't capture just yet.
Online OrdersIn the "Executive Decision" segment, Cramer once again sat down with Patrick Doyle, CEO of Domino's Pizza ( DPZ), which is up 300% since Cramer first got behind the company in January, 2010. Doyle said that of Domino's 9,500 locations, almost half are now international. He said his company is now the largest pizza company in France, for example, yet the company has only 200 locations. "We're nowhere near done internationally," said Doyle. Another positive for the company, online and mobile sales. Doyle said that Domino's is now a technology play, as the company's new online ordering is faster, more accurate and allows customers to see exact where their pizza is at all times. Doyle also noted that with more customers placing orders themselves, the company has been able to pare back some labor expenses. Nearly 1.5% of all Domino's orders are now places through the company's iPhone application alone, he said. When asked about other factors helping the stock, Doyle said that falling commodity prices are just now starting to help the company's bottom line. He also said that Domino's remains aggressive with its stock buyback program, purchasing over three million shares so far. "Domino's remains shareholder focused," said Doyle. Cramer continued his support of Domino's.