Confused by the markets? Wondering if we're in bull or bear territory?

Jim Cramer gives his commentary on the market and how he and his team at Action Alerts Plus will be handling their trades as stocks such as Apple creep into bear market territory.

And, for investors who aren't so sure about how to respond to this market or need a breakdown on the latest Morgan Stanley note on Apple (AAPL - Get Report) , check out Cramer's Daily Rundown video where he breaks down what investors need to know when approaching the market.

Bear Market Territory

Cramer warns that we're in a bear market. Why? Because despite the good news coming out, meaning companies announcing earnings that topped estimates, the markets are still flopping.

In his Daily Rundown video for Action Alerts Plus members, Cramer breaks down the psychology behind bear markets and shares how he approaches a bear market. 

He also lists some stocks and a whole sector that nervous investors can be looking at while the market stays in a bearish pattern. 

For more advice, Cramer went in-depth about the bear market on Real Money.

Retail as a Sector

How do you feel about retail?

Cramer says that he likes the sector, but doesn't feel so positively about the stocks.

He believes that consumers have "liquefied balance sheets."

Cramer also gives an outlook for the holiday season.

And don't forget that Walmart (WMT - Get Report) released earnings that beat expectations on Thursday morning. 

Opinion on Flex?

Trish emailed in asking about Cramer's opinion on Flex (FLEX - Get Report) . 

Cramer said that he's not a fan of the accounting issues. And, because of those issues, he believes that it's a sell. 

Ask Jim

Got a question about the market? Reach out to @KatherineRooss on Twitter or email her at Katherine.Ross@TheStreet.com for a chance to have Cramer answer your question.