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NEW YORK ( TheStreet) -- The markets were broken in January, but the tone on Wall Street seems to have changed, Jim Cramer said on  Mad Money Monday. One day does not make a rally but things seem to have shifted in favor of the bulls.

Cramer said the markets were able to do something remarkable today -- break the cycle of pain and end the day higher after a weak open. The asymmetrical selling seems to have abated, he added, which was welcome news for a host of sectors.

After getting slammed last month on stabilizing oil prices, Cramer said the airlines were one group that was able to rebound today. There were also stocks such as Microsoft (MSFT - Get Report) , a stock Cramer owns for his charitable trust, Action Alerts PLUS, and American Express (AXP - Get Report) , which fell on earnings that weren't all that bad, but were able to eek out gains on the day.

Cramer's on record as loving the quarters from Facebook (FB - Get Report) and Apple (AAPL - Get Report) , two more Action Alerts PLUS stocks, and both of those stocks also saw relief rallies today.

Even stocks that truly missed the quarter, such as Qualcomm (QCOM - Get Report) , saw strength, as did Costco (COST , which announced a special dividend last week that no one noticed, and Amazon.com (AMZN - Get Report) , which also gave investors positive news.

For all of these names, February began as the exact opposite of January, Cramer concluded. Now we just need to see if this new outlook holds true again tomorrow.

How Will Oil Recover?

After a decisive two-day rally in oil prices, are the proponents of a snap back V-shaped rally right? Not so fast, Cramer said. A slower U-shaped recovery in oil prices is probably more likely.

While it's true that several oil companies have announced cutbacks in drilling for 2015, Cramer said investors need to read the fine print because no company has forecast a cut in production for 2015. Once a well is drilled it's more costly to shut it down than it is to keep on pumping, Cramer said. That means there will likely be plenty of oil for the remainder of this year.

Cramer also said the oil markets won't likely see any help from overseas markets, which will also drag on oil prices for the foreseeable future.

So while reports indicate gas usage here in the U.S. is on the rise, Cramer said he's expecting $80 oil a year from now and not six months from now. Make no mistake, oil prices will be going back up, Cramer concluded -- just not as fast as some proponents claim.

Tune Into Harman

What can investors learn from some of last night's Super Bowl ads? Cramer said one takeaway is 2015 will be the year of the connected car, a trend that explains the huge rally in Harman International (HAR .

Cramer spoke with Harman's CEO just a week and a half ago, but since then the company delivered a 51-cents-a-share earnings beat on a 19% rise in revenue. No whining about currency pressures on this conference call, only winning, Cramer quipped.

Cramer reiterated that the connected car trend matters and Harman's connectivity, safety, entertainment and navigation technology is exactly what the trend is all about. Moreover, Harman derives 70% of its revenue from software, which is only solidifying its position as the market leader with differentiated technology.

It's no wonder shares of Harman jumped from $101 to $125 in a single day and have just kept rising to $131 since reporting its earnings. Cramer said Harman is still inexpensive, trading at just 18.5 times earnings despite its 18.6% long-term growth rate. That makes Harman still worth buying.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Dan Fitzpatrick over the chart of direction of the overall markets and of one stock in particular, United Rentals (URI - Get Report) .

According to Fitzpatrick, the daily chart of the S&P 500 is an ugly one, displaying a rare but deadly diamond pattern, one made by increasing volatility -- with higher highs and lower lows, followed by a decrease in volatility where the highs become an impenetrable ceiling.

Fitzpatrick was also bearish on United Rentals, a longtime Cramer fave. He noted that after an 800% rally since 2011, the stock is now breaking down, falling below its 20-day moving average, which went from being a floor of support to a ceiling of resistance. It has now fallen below its 200-day moving average.

Cramer disgreed with Fitzpatrick's doom and gloom, saying that United Rentals is a very well run company that's not as levered to the oil industry as many believe. He felt he stock was too cheap and is a strong buy on any weakness.

As for the overall markets, Cramer said there, too, we may see some consolidation before resuming higher.

Lightning Round

In the Lightning Round, Cramer was bullish on Packaging Corp of America (PKG - Get Report) , International Paper (IP - Get Report) , Illumina (ILMN - Get Report) and Whirlpool (WHR - Get Report) .

Cramer was bearish on Atlas Energy (ATLS and Southern Copper (SCCO - Get Report) .

Executive Decision: Terry Gregg

For his "Executive Decision" segment, Cramer sat down with Terry Gregg, executive chairman of DexCom (DXCM - Get Report) , the glucose monitoring company whose shares have risen 40% since Cramer last checked in back in August.

Gregg showed off some of DexCom's latest innovations including the latest wearable glucose monitoring patches that connect via Bluetooth to a smartphone for real-time monitoring. However, even more exciting is the company's new companion app that allows parents, loved ones and health care professionals to remotely monitor a patient's glucose levels, also in real time, sending alerts to any potential dangerous conditions.

Gregg explained that the FDA approved this new technology in just 122 days, recognizing its groundbreaking nature.

Gregg also touted DexCom's new deployment system, currently pending approval, which will deploy a monitoring patch in just four steps, down from the current 11 steps. While the company awaits approval for this fourth-generation system, it plans to submit its fifth-generation technology this quarter.

Cramer told viewers this is what true innovation looks like.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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

To email Scott about this article, click here: Scott Rutt

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, FB and MSFT.