Second freeport sold a 13 stake in the copper mine to metal mining for 1 billion in cash. That gives freefort the flexibilitile to unload other assets to ruse the 19 billion plus debt load. Second black hole. Momentarily filled. Third positive, the high yield debt market is plagued by the decline in sprint bonds, the telco company. Sprints owner announced a 4. 4 billion buy back equivalent to 4. 2 of the market cap. Certainly they have money to throw at sprint to stave off the decline in the companys fortunes and bolster the ability to stay competitive versus verizon, at t and tmobile. The common stock jumped but it is about the credit side of the ledge er. I have to get it through to you because the stock market is often smaller than the bond market when it comes to the direction overall of what we are looking at. The oil and gas pipeline business has been sucking and right. When you read that warren buffet bought 26. 53 million shares, a pipeline giant kindermorgan inc. In the open market be heartened. Kindermorgan would slash the dividend in december and is now the first of the companies to see stock rebound above where it was when the dividend was cut. Its been the death knell of most of these companies. Speaking of hedge fund that is give pipeline it is stocks a boost the news that dave tepers apaloosa fund picked up Energy Transfer partners last quarter after the stock broke down because of the affiliate dangerous acquisition of williams companies. That made us feel more sanguine, especially me since we own a stake in it at action owners plus. Com. The equity williams deal is one of the biggest black holes out there. Many feel the ete, the equity transaction and will therefore hurt Energy Transfer partners, its drop down Master Limited partnership that tepper bought. They know about the securities. I worked with him at goldman sachs. Hes the best at them. Positive number six, we have become worried that the take over game is over. Yesterday apollo group, sensing real value wants a 7 billion bid for adt. That was declining for months on the sales of Home Security products. Its a permanent short with short sellers, no longer the case. This on the heels the buy out of apollo education group, the owner of university of phoenix online. That was another perma short for 1. 1 billion. Tonight, a distributor of Information Technology products and services akin to abnet got a bid from a chinese company. It went out at 29. Not a bad kick start to m a. I detect a pulse. Everyone is concerned about the commodity trader with 30 billion in debt. 37 banks isnt that worried. Why extend the 8. 45 billion credit line to glen core. Maybe they think copper is bottom or they are throwing good money after bad but it helps the black hole. Buy ale little time. Sellers have been pressing down on lng but not carl icahn. The company will export Liquified Natural Gas at price that is seem excessive given the weak market for lng. There are contracts that they will do their best to en force in order to get paid but the price isnt right for most of the takers. It helps that carl icahn is shooting after the shorts. Nine, the iron ore market is rivalling oil for the worst decline. Down from 200 per ton to 40 as the companies go nuts producing the stuff while china, the natural buyer, is taking less by the month. These miners seem to be en gauged in a bizarre over production suicide pact. Maybe they werent given that anglo americans which spent 14 billion on a brazilian iron reclassing is exiting the market. That will cause a boost, maybe an immediate boost in the price of the commodity which threatened the solvency and brought metals down. Can i tell you how many people i talked to over the last week that thought when the Chinese Market opened after trading in the new year there would be a huge decline. The Chinese Government has opened the convertible market and cash starved dpaens are tapping it aggressively. Maybe it has a pulse. Not only didnt it crash, it rallied. Positive number 11. There are so many lowly stocks with no hope including groupon. In freefall for ages. We get a onetwo punch of an earn ings surprise in a 5. 6 skate taken by ali baba. Group on has been one of the ugliest stocks is now up more than 23 this year. Another perma short spoiled. It might be a buy. Who could be next . 12 is big. We have been watching apple stock fall for months. It turns out one of the largest shareholders, carl icahn sold 7 million shares of this nobrainer story leaving him with 45 million share bus sending a chill to the brokers. Another owner apple itself seems to have an appetite for the stock and the Company Issued 12 billion in bonds to buy more shares. The last two times apple came to the market stock soared. Maybe this is no different as we get closer to the iphone 7. This stock shrugged off tim cooks resistance to the justice departments setting the right of privacy hes guaranteed to the courts will decide not cook, not the fbi. How about numbery 13 . The reorganization of the credit of a colossal french bank. Just when we were writing them off we learned they were selling stakes to allow to pay a cash dividend, a welcome sign, especially soon after they pledged to buy back bonds in the open market many hedge funds were shorting. None of the positive changes are solving problems. Maybe they are just buying time. The only real trend is that good things can and do happen in stressed out situations. When so many good things happen the impact is enormous because the sellers have had had a field day and feel they have maybe over stayed their welcome. Bottom line. I need you to remember whoever gets too greedy whether we are talking about optimistic longs money. Never forget, bulls make money, bears make money. But pigs get slaughtered. Mark in michigan. Mark. Caller booyah, jim, from the wolverine nation. Looking at the stock for the dividend, longpaying dividend. Do you consider it for long term . If not, what stock would you recommend when doing it for long term. This is a 14 yielder. Im not recommending any fossil fuels. Great that oil came up but im not going to recommend it. If you want yield i will send utilities. They are going down now. I cant recommend this enbridge without knowing why the stock is yielding 14. That seems a little too high for me. It is ultimately a red flag. How about we go to curt in pennsylvania. Curt . Caller booyah, jim. How are you . Good. How about you. Listen, love the show. Thanks for taking my call. Thank you. Caller i bought stz after you featured it in 2013. Mmhmm. Caller im looking to double my position. Fantastic pick, by the way. Thank you. Caller killed it. Im looking to double my position. But with the p. E. Ratio and the recent market upturn, im wondering if now is a good time or should i wait for another pullback or more boxes on the checklist . Well, no. I think this is the kind of stock that fits this environment. Remember, the strongest stocks are consumer products. I think its good. It had a nice pull back of 13 points from the high. I bless buying Constellation Brands here. Lots of changes but they are just time buyers. Dont get too greedy. Pan and get out of the river. Im charting a course in the gold sector. Then whats the basis for the bounce . I will tell you if the move can continue. And what do steve jobs, spielberg and neil young have in common . I will reveal the Common Thread ahead. Why dont you stick with cramer . Announcer 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. Believer in the idea that you ive been on my feel all day. Im bushed yea me too. Excuse me. Coming through ride the gel wave of comfort with dr. Scholls massaging gel insoles. Theyre proven to give you comfort. Which helps you feel more energized. All day long. I want what he has. Man sternly where do you think youre going . Mr. Mucus to work, with you. Its taco tuesday. Man youre not coming. I took mucinex to help get rid of my mucusy congestion. Im good all day. [announcer ] mucinex keeps working. Not 4, not 6, but 12 hours. Lets end this check this out, bro. Whats that, broheim . I switched to geico and got more. More savings on Car Insurance . Yeah brofessor, and more. Like renters insurance. More ways to save. Nice, brotato chip. Thats not all, brotein shake. Geico has motorcycle and rv insurance, too. Oh, thats a lot more. Geico. Expect great savings and a whole lot more. I take pictures of sunrises, but with my back pain i couldnt sleep and get up in time. Then i found aleve pm. Aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. Im back. Aleve pm for a better am. My son and i used to watch the red carpet shows on tv now, im walking them. Life is unpredictable one thing i need to be predictable is to be flake free. Because i have used head and shoulders for 20 years. Used regularly, it removes up to 100 of flakes keeping you protected every week, every month, every year you ready ma . Always life is unpredictable, so embrace it i have always been a big believer in the idea that you should always own at least a little gold, either actual bullion, maybe through the etf like the gld or a high quality one like randall thats a favorite because the Precious Metals a terrific insurance policy. You have hadal excellent returns barring the last couple of gold has been in the dog house going lower or doing nothing. Thats fine. When stocks perform well you dont expect a pay off from the insurance policy. Lately after spending four and a half years in the wilderness gold is getting a Little Energy back with the precious metal up year to date while the s p is down 5. 7 over the same period. Thats the pay off at a time when the Global Economy has been filled with uncertainty in virtually every other commodity under the sun. That beg it is question. Can gold keep climbing or is the run merely a temporary bounce . We need to figure it out which is why we are going to the cofounder of decarly trading and my colleague at real money. Com to get a sense of where it might be headed. The price of gold broke down in 2012 to 2013. Since then its been after years of doing nothing so many big Money Managers who bet heavilien oh gold guay up to move on. They lost interest. Check out the weekly chart of the action in gold. Okay . What we care about here is at the bottom. This is really important. We have talked about this. The commodity futures trading commissions commitment of traders report. Its a usefulle tool. Telling us how the Major Players are betting on the gold market. They measure the activity of all sorts of buyers and sellers but the large speculator category matters most. Thats the green line which represents the big institutional Money Managers to determine the direction of the given market. By the time we get to golds lows look at this. Its no coincidence. The large speculators were net long by a mere 20,000 futures contract. Thats the lowest level we have seen since 2002. Gold was trading between 300 and 400 an ounce. The big Money Managers had given up entirely on gold. Since then the precious metal has been rallying and the large category increased net long to a hundred thousand futures contracts. That seems a lot. By historical standards its low level. Gardener wouldnt consider this aggressive until its in the 250,000 range. In short if the big boys want to bet on gold they have plenty of money left on the sidelines which means there is a ton of fire power that could be used to send the precious metal higher if it comes down. Before more charts its worth pointing out the fundamentals have gotten more positive for goldle in recent months. We know japan and several european nations cut the overnight lending rates below zero. Bank depositors are getting negative Interest Rates. You lose money letting the cash sit in a bank vault. That makes it more attractive. Even in the United States the conventional whiz is that the Federal Reserve will follow through to raise Interest Rates as many as four time this is a single rate hike at most between now and the end of 2016 the fed minutes didnt disabuse me of that enwh they came out. One reason the markets spiked more. Thats good for gold. Now look at the more granular weekly chart of the shiny stuff. I know it seems like it has a lot of things. Well walk through them. Garner points out gold has been trading in a tidy channel for years. Every time we managed an upswing the rally has come down to an end where the pattern said it should. This cant continue indefinitely. The price of gold at last broke out above the long term ceiling of resistance. Its being contained. No. Goes out. To garner that suggest it is path of least resistance is higher. Just because you think gold is ready to rally that doesnt mean it happens overnight. The precious metal is headed higher but she knows the seasonal pressures tend to be bearish for gold. Seasonal issues. Given the size of the rally she said the market needs time. Thats why garner wouldnt be surprised to see a sharp pullback in the price of gold before buyers step back into the she believes measuring if it is over bought or over sold and the important momentum indicator are overheated, look how much they have spiked. Okay . You can understand garner believes gold may need to experience a shortterm pull back before we get a longterm rally. The time to buy was a few weeks ago. If you want to play gold the message is simple. You missed the first leg of the move but you will get a chance to buy it at lower levels if you just are patient enough to wait for the next bus. This picture makes it clear that the precious metal went up in a its called a parabolic move. They are just not sustainable. Garner thinks goldle is headed higher longer term. Im not backing away from that. Right now its over bought and it need s to cool off. She points out this move tends to correct large. Roughly 62 . In that case gold will pull back to the 1150 level. That could be a good spot to Start Building position. If it go s to 1100 or represents the up trend established since the december lows she thinks you will get a solid floor of support. She says you have another support at 1080. These are big declines but gold has done nothing, nothing, goes up, maybe back to here. Only because out went up so straight. Perhaps you should wait for weakness. Again its extremely bullish on gold could make it up to 1500. Even encountering resistance. Here we are going back to the weekly chart. You can see where she thinks it could go. Look howle small the bounce would be relative to where it could go. Up to 1430. Here is the bottom line. The charts suggest gold has woken up from the slumber and the precious metal is poised to give you a powerful long term move higher. After golds rally they cant last over the past two months she thinks well see selling and profittaking before the big move higher continues which is why garner wants you to be patient and wait to buy it in weakness. I think this could be a terrific story. If you dont already have gold expo sure you may want to get ready to build a position as it pulls back from the historic parabolic move. More mad money ahead. Poor cat when it got hit by a an 18wheeler . And some of my best investing ideas come from you, cramerica. Tonight i will talk with the company i was first introduced to while doing my homework for one of your calls. And a doctor thinks cancer can be a manageable condition that you can live with h definitely. Its not sciencefiction. He thinks it is the future. Just ahead. Stay with cramer. Show your age. Your skin never will. Olay regenerist. Olay. Ageless. And try regenerist microsculpting eyeswirl. It instantly hydrates to plump and lift. A heart attack doesnt care if you run everyday, or if youre young or old. No matter who you are a heart attack can happen without warning. A bayer aspirin regimen can help prevent another one. Be sure to talk to your doctor before you begin an aspirin regimen. Bayer aspirin. Your heart loves omega3s. But the omega3s in fish oil differ from megared krill oil. Unlike fish oil, megared is easily absorbed by your body. Megared. The difference is easy to absorb. Get ready to show your roots with roots touchup from nicen easy. Seamlessly blends with leading shades, even salon shades in just 10 minutes. For natural looking color as real as you are. Show the world your roots so what does the terrific action mean for the market in general . Are we bottoming . Breaking out . Cat bounce . The threeday rally, the strongest since the end of the dark days of 2011 which is a parallel to the market has been extraordinary. Its finally become all encompassing except for the utilities. Thats a sign of desperation and recession. Lets contrast some of the other groups. The rails led this market down. They were the first to roll over. They have been in negativity. Never a good sign given the car go they carry. This morning the chief Financial Officer of giant railroad csx talked about the first quarter. Said he expected earn ings to decline significantly. Could go down in 2016. What a stunning design. How hard does csx get hit . Wrong. It went higher. Thats with the staggering, more than tenpoint gain in union pacific. How about retail . Nordstrom reports tomorrow. Wow. Wow to the fact that the stock has been clawing back to where it first fell after the last quarters truly horrendous earn ings report. Maybe it wont matterer or its over. Walmart is up 8 for the year. Thats en couraging in a retail break out. Well find out what they are doing tomorrow. Maybe it wont matter. Heres one thats acting well since the quarter, honeywell. The stock is up against reassistance. Set last august just a point away. I cant stress how important it is. Many industrials werent rewarded no matter what they have been saying. Now its the opposite. G. E. Le is fighting its way back from when it reported. Its two points away. Eaton still has a high yield of nearly 4 . Its another double digit gainer. Earn ings matter. Again, for the industrials. Consider the totally beleaguered travel and leisure segment. Nothing moved this dog to have a group. It was surrounded by gloom and doom. The shorts paid the price with the incredible move on price line which reported a strong number with excellent billings t