In a market as dependent on a few tech names for index gains as this one, a single stock can have an outsized effect.
Cramer and Moreno took a closer look at video streaming giant Netflix (NFLX) to get a better sense of how its tail manages to wag the entire Nasdaq 100.
Moreno is a big believer in mathematician Edward Lorenz's concept of the butterfly effect, in which small changes in a complex system can wind up having huge effects.
In the case of Netflix, Cramer and Moreno started with a look at how the four FANG stocks -- Facebook (FB) , Amazon (AMZN) , Netflix and Google (Alphabet) (GOOGL) -- have performed over the past year. As the chart shows, Netflix has left the others far behind with nearly double the gains of nearest rival Facebook.
Once again on Tuesday, Netflix led the FANG stocks in the market's resurgence.