Changes to the 30 stocks in the index. Three changes that tell a huge tale about where Corporate America is today. Before we get to those changes, though, the old dow jones average had a pretty darn good day rallying 128 points, s p climbed. 7 . Nasdaq jumped. 62 . Wouldve been more except for apple. First president obama talked about more diplomatic kind of more diplomatic outcome, the syrian crisis, perhaps allowing Bashar Al Assad to work with russia. The fluid situation offers a way out of congressional defeat of president obamas war resolution or the possibility of a wider war with far worse consequences than a missile strike targeted at the regimes leadership. Remember, the stock market craves certainty more than anything else, and the uncertainty of waking up and finding out whether we launched missiles last night has kept some on the sidelines, and had others relentlessly selling until either the missiles are in the air or the fear of a strike has subsided. You take that off the table, and the people selling, what are they doing, probably just sidelined or maybe, buy, buy, buy, buy plus, second reason to buy. Oil is coming down. The probability of a wider middle east war diminishes, crude has had a rally. Todays two buck decline makes the consumer feel like they wont be knocked for a loop by jumps in gasoline prices we had a fantastic number last night in china. I flagged it in our game plan. I said the number better be big. It was. Better than expected. These numbers indicative of a major come back. That would include chinas infrastructure plan being executed. Its working. I dont know if the peoples republic can come back on line this fast. Industrials, mineral and Mining Companies could and did today once again go higher. Weve got some very positive news out of europe. Its candidly anecdotal. First, mcdonalds did much better in european samestore sales. Dont you laugh. Sales took a dive when times got tough over there. 3 gain in the european stores. And Ford Motor Company reported profit from europe in 2015. That would be a remarkable turn. Could it really . It couldnt happen, we know, unless the european economy wasnt getting better. All this is fabulous news for the Big International companies domiciled here in america. The ones whose earnings we thought would be crimped by our rise in Interest Rates. Its not necessarily a tradeoff. Its more of a handoff as a different set of stocks is now going higher. The Companies Based here but do so much business overseas, im talking about ppg, honeywell, ingersollrand, eaton, united technologies, you know the companies. They have taken the torch from the retailers, and all the companies that service and supply those two industries. That said, not all companies that sell overseas benefited. Witness, apple, which fell 11. 53 today despite new iphones. People, this is a pattern we should be getting used to, right, the stock tends to go down after the product launches. You know where you see the biggest impact, though, from the turn in the rest of the world. Its in the Dow Jones Industrial average, because its made up precisely of these kinds of colossal multinational industries. Or at least it used to be. Today the keepers of the dow gave two Manufacturing Companies the boot. Alcoa and hewlettpackard, as well as eliminating bank of america from the list. The latter only managed to spend five years in the index. Hewlettpackard 16 years now. And in their place, Goldman Sachs, nike and visa. And i think these changes say a great deal about whats happening in america and the world today. Now before i go over the meaning of the changes i see, i understand the Dow Jones Industrial average itself has lots of flaws. Its the much broader s p 500 that is the real benchmark for stocks, the one that Portfolio Managers must beat. If theyre going to brag they outperformed the market. The dow is too narrow and the way its calculated, not the companies with the largest market gaps. That means visa at 184 and Goldman Sachs will play a bigger role than they should, in my opinion, in calculating the index each day. Nor should they necessarily have gone up on the news. There is very little money index in the dow. Its not like the s p 500 and you see it jump, tons of institutions needed lots of buying, rebalance the index. No. The idea that Goldman Sachs should have jumped 5. 65 when the visa rallied or nike should have gone up a buck 42 today based on these inclusions, its fanciful. I believe these stocks will give up their gains unless the market keeps roaring. To join the dow is indeed a feather in the cap, but not a reason for an institution or individual to buy. The fact that these stocks went higher today is really a sign of how bullish this market is right now. But not much more. Silly, i know. More reasons why the whole exercise in quoting the dow jones seems a little atavistic. Lets assess the broader implications of this move. First, when you dump alcoa, what are you doing . Well, youre actually eliminating a worldwide manufacturer of one of the most important materials in the world. Aluminum. This is a very good company but in a bad industry. Thats why its down so much. Used to be at 40 before the great recession. Aluminum just isnt consumed as quickly as its being produced. Even though the metal has huge exposure to autos, construction, aerospace, turbines and even apple ipads, selling well, in its place, sneakers. Sneakers. To me that shows the importance of the switch from heavy industrials to light apparel, much designed here but made overseas. The exit of Hewlett Packard signifies downfall of the personal computer. I say that, because one of the replacements, visa, isnt really a financial. Its a technology company. Technology company thats helping to move payments from paper to plastic all over the world. Once again, you have a subtle judgment about america with this add drop. Hewlettpackard, and visa, along with mastercard, figured out how to let americans spend more and then taking that show on the road. Theyre good at what we are. How about the bank of america getting put on the waiver wire, while Goldman Sachs being inserted in the lineup . I love this irony. Bank of america is often thought of as the company that stumbled the worst over mortgages during the housing crisis, including buying haphazard, lunatic mortgages. Countrywide. Thats been the real legacy. Goldmans legacy during that time, it was shorting precisely the kind of paper that bank of america was pumping out, a Huge Consumer bank. Bank of america has had a colossal inventory of foreclosed homes on its books. Hates credit risk. One certainly old america, the other is the new. Yes, here is the bottom line. The dow jones reshuffling makes a big statement. Were no longer a nation known for making personal computers or bending metal. We dont want to be a nation notorious for horrendous mortgage lending. What could be a more powerful declaration of the new america than the inclusion of two financial engineers and a company that makes air jordans . Pam in illinois, please. Pam. Caller hi, jim. Thank you for taking my call. I really enjoy watching your program. Thank you. Caller my question is in reference to bank of america. Yeah. Caller i notice theyre Closing Locations in my area. Theyre laying off employees in their Mortgage Division and theyre being removed from the dow. I wanted your recommendation. The bank is under a lot of pressure because mortgages are going down. However i mean, the amount of mortgages and the refis. However, the bank group did really well today. Theres no hurry to get out of bank of america. I just think bank of america is going to mark time. Now, a lot of people dont want to mark time. They want to mark money, and its not going to mark money. Its just going to mark time. Jerry in florida, please. Jerry. Caller hey, jim. Booyah from sarasota, florida. Oh, man. I love sarasota. Never rains there. Whats up . Caller my wife and i love watching your show, not to mention the great advice you give. Thank you. Caller hey, i talked to you a few weeks ago about molex, molx on the nasdaq. At the time it was 29, paid a nice 2. 5 dividend, although the price to earnings was a little bit high. So i decided to just watch it for a while. And now i see they made this deal with the Koch Brothers, and the stock goes up like nine points or more yesterday. And theyre going to pay like 38. 50 a share. Whats the deal on that . Its a very big takeover, and you got the big enchilada, my friend. You did exactly why we own stocks. You owned a highquality stock that got a takeover bid by the Koch Brothers and now you can ride off into the sunset and take it off the table, my friend. Edward in connecticut, please. Edward. Caller good evening, mr. Cramer. Good evening. Caller hey, i was wondering how you felt about a company like family dollar, dollar tree, especially in regards to general dollar now being downgraded. I saw the Dollar General downgrade today. I thought it was unfair. Now you know i favor a fistful of Dollar Stores and 4 more. I am a five below guy. I know five below is up 7. I know it went to an alltime high today. You know what, believe it or not, i prefer five below, up seven than i prefer Dollar General off a little bit today. I think this five below is the great regional to National Growth story in that sector. Out with the old, in with the new a true changing of the guard here, as the dow did some reshuffling. Its a declaration of the new america. Sneakers and financial engineers all aboard mad money will be right back. Coming up, as the world turns. While Tensions Mount overseas, cramer has found a technical tell that could mean a big turnaround for one country. Get your passport ready for an International Edition of off the charts. And later, a knockout . Looking for a stock with some stamina . How about a triumphant 60plus percent gain so far this year . Under armour has delivered hit after hit on wall street. Does it have the endurance to go the distance, or are its shares injury prone . Dont miss cramers exclusive with its ceo. Plus, profit pipeline . If youre hunting for yield, fears have caused you to see red. But hasnt laid down the juicy dividend from access Midstream Partners as this mlp has outperformed its peers. Cramer pipes you into the future of this story when he talks to the ceo. All coming up on mad money. Dont miss a second of mad money. Follow jimcramer on twitter. Have a question . Tweet cramer madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. Right now our stock market is being rescued by the r. O. W. , the rest of the world and im not talking about the maneuvering over syria. Were witnesses hugely important turns in europe and china. But thats not all. The rest of the Global Economy seems to be picking up speed, including, believe it or not, the emerging markets, which got crushed over the summer, thanks to the dramatic rise in Interest Rates in the United States. Its where the real growth is worldwide. Now that theyre roaring back, were going off the charts with the help of ed ponsi, a terrific technician, the managing director of barchetta Capital Management and ponsi thinks the time has come to place a bet on almost afraid to say it drum roll please. [ drum roll ] wrong. Anyway, india. I said it, i know. I spoke to a guy at best buy this weekend and said how is india doing, please dont ask. Ponsi says india is right, specifically via the wisdom tree india etf, the symbol the epi. And im going to refer to it as the epi for the rest of the segment, okay . Epi owns some of the biggest and most Important Companies on the subcontinent and gives a diversified way to profit from one of the worlds fastestgrowing economies. Its down an astounding 19 for the year, courtesy of the emerging market selloff that coincided with the spike in Interest Rates here in the United States. But earlier this month the emerging markets began to rally, india in particular, and ponsi thinks the wisdom tree india etf has more room to run. He is the only guy i know who is saying this. How about his reason . All right. Take a look at the reasoning from against the grain recommendation. Take a look at the etfs daily chart. Remember, im using the e. P. I. Starting last week on september 4th, the wisdom tree india etf began to roar. It has not looked back, already up more than 2 from where it bottomed. Remember, thats off a 13 base, so thats a major move. Why is ponsi so bullish about e. P. I. s chart . I want you to check out the moving average convergence divergence indicator, the macd, which is a momentum indicator technicians use to detect changes in the underlying security before they happen. September 4th, the macd made a bullish crossover. See that . Thats called a you always hear about these black crossovers, zeppelins. No, this is a bullish crossover, where the black line crosses the blue one, its a hugely positive signal, a ton of success since i started off the charts, i dont know how many years ago. When you see this crossover, its like the macd is saying buy, buy, buy, in big neon letters. Yesterday the epi broke out above a major descending trend line of resistance, showing it has changed. Now its your friend when its above this, as opposed to your enemy when it keeps bumping up against that ceiling. Then, third, just today, the e. P. I. Broke today. Youre not late on this. The e. P. I. Broke out above the 50day moving average, the blue line. Look at that right there, okay . For the first time in more than three months. 50day moving average is a major deal for chartists. When you have a stock trading below that line, the chart has resumed. But when its above this average, the chart followers want to jump on the bandwagon and buy hand over fist. What else is happening . Notice how this entire rally in e. P. I. Over the past week and a half has occurred on what . On strong volume. Much higher than average. Thats a big deal for ponsi. It tells him this is driven by real money, not this kind of just back in and fill money, but real money. Big boys. Which means there could be a lot more upside. Because once these institutional players start buying, keep doing it. Its meaningful to their enormous pools of assets. So india, specifically the wisdom tree india etf, has driven the chart. Can we think deeper for a second . Is there something that sets india apart from the rest of the emerging economies . Yep. Ponsi points out the recent action is directly related to indias currency, the rupee. It bottomed last wednesday. Youre not late here. Before that the currency had been in freefall hitting alltime lows against the dollar thanks to out of control inflation. When the rupee was getting crushed, nobody wanted to own rupee denominated assets like the indian stocks that make up the etf. Last week got an anti inflation from the Indian Central Bank which restored confidence. And since then the e. P. I. Off the races. Today the rupee hit a twoweek high and the e. P. I. Continued to roar. This is such a beautiful chart. In other words, the buying of the rupee signaled its safe to buy indian stocks. And when that happens, the investors looking to play the return jumped all over this. So ponsi thinks india has more room to run. My view, the fact is, in this environment, your portfolio does need some international exposure. Were at a moment where the United States economy seems to be stalling while the rest of the world is taking off. India is on the risky side. Theres no denying its got growth. And if the central bank can get inflation under control, you want more exposure to india through the indian stock market. Ponsi is right to recommend an etf that owns a diverse variety of indian companies. Trying to make a bet on a country, you bet on the country. My Charitable Trust does this with both europe, through vanguard ftse euro and japan, japan hedged equity etf, the dxj. Those are completely developed markets. So if you want some of the high risk high reward exposure, the wisdom tree india etf may be the way to go. The emerging markets suggest that india in particular could be ready to break out to allnew highs. Amazing. Lets say new levels. Not highs. Thats putting words in his mouth. He thinks new levels. He likes the wisdom tree india etf, the e. P. I. And as long as youre aware of the risk, if the Central Banks say the wrong thing, the rupee could plummet again and drag the stock market down with it. As long as you understand the risks, you have my blessing to own. India is a difficult to place to make money until this recent rally had become one of the worst performing currencies. Not something i would normally steer you to without a technician like ed ponsi from barchetta capital. Sean in new york. Sean. Caller booyah cramer, a big shout out from sigma Gamma Fraternity and the one and only suny oswego. How are you doing . Im doing well, thank you. How about you . Caller always good. A little hot out today in upstate new york, but cant complain about that. No, thats with us. Thats the heartland there. I love it. Whats going on . Caller anyway, jim. I wanted to ask you about ewa. Would you rather own u. S. Iron and Coal Companies or australian . Thats easy. I do like the australians. By the way, you know im a big fan of vale. Thats a brazilian company. I like australia. Not only do they care about the environment but they want to create jobs and that is a breath taking thing for the australian governm