states, eem, and kudos to geno. >> unh, great chart, great performance year to date take a look at it. >> i think ford's guidance points out what karen and ti my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach so call me at 1-800-743-cnbc or tweet me @jimcramer. >> even after today's brutal reversal, the largest in about

ten months where the dow briefly hit 26,000 nasdaq climbed with breathtaking declines for the top and the bottom, i still like this market yes, i do. i like this market and at the risk of sounding like dr. seuss, i like this rally, sam i am if i don't keep saying i don't like this rally, green eggs and ham, i will say, i do not like it sam i am. so dealing with the bull market that is in beast mode. but we now know is subject to periodic fits of over

exuberance no one ever got hurt taking a profit now i tell this basically, homily to you constantly even if you have gains on paper, those aren't real. gains do not turn into real winnings until you ring the register say you got a huge position in amazon, congratulations, there is nothing wrong with taking a profit on some of your shares. the real crime would be giving back your gains in the stock because you overstayed your welcome. we talk about this thing every day as part of the ongoing behind the scenes in dialogue. discipline says we need to take something off the table and in this red hot bull market, there are hundreds of stock that you own without size gains you would be foolish not to take profit taking. i am not saying to sell the

whole position i like this market too much. i like my green eggs and ham i just want you to understand profits on paper don't count until you take something off the table. second rule of engagement, you never know when an exogenous event might strike for maybe two months now, i have been talking about how commerce secretary might soon recommend that president trump invoke article 22 for the purpose of national security china has been dumping low price steel in our markets and you don't need much of an imagination to see how healthy steel is essential to our national defense if the chinese communist party was diabolical, they would do what they can to wipe out our

markets. sure, that is pure fiction, china is just trying to create jobs for its own citizen but speaking of fiction, if you want to freak out about the future, go order a copy of "ghost fleet," a novel that paints a picture of this scenario if u.s. starts cracking down on chinese steel, that will be a huge positive for the domestic steel makers, but there is so much collateral damage it will hurt the stocks of our international business that do a lot of business in the people's republic something you need to keep in mind is this retaliation given today was the first day actually heard warnings about this from others other than myself even as i am now bored to tears writing and talking about my fears because i expressed them

endlessly. third rule, bulls make money, bears make money and pigs, yeah, don't you think you are being a tad greedy if you haven't sold anything yet i know most of you are trying to save for retirement and i do not want to encourage trading with retirement money for your discretion heir mad money portfolio, maybe you can circle back when i used to say this thing when i was a broker in the '80s and '90s, people knew what i meant. they knew that pigs get slaughtered and green eggs and ham. money that goes into the stock market is retirement money

never supposed to be touched no matter what. only supposed to put money in and not take money out i'm not telling you to mess with your 401(k). i'm saying take something off the table. we have that bounce. we are back to where we started. rule number 4. don't fall in love with your investments. these are pieces of paper for heavens sake every time i bring it up, i feel like they want me to burn me an effigy still the darn thing is in free far and the crypto maniacs are not doing themselves any favor by getting attached to it. whenever i see, this so easy, or this is so fun the fact is i know you are being way to glib.

what is wrong with thinking investing is fun or easy, simple buying stock involves work that kind of thinking if i can analogyize for a minute is like a trap game in the nfl do you think the minnesota vikings are worried about coming to philadelphia and now playing the eagles now, judging by celebrations and hi high-fives they have beaten the eagles don't count your chickens before they hatch do not fall in love with your own stock picking prowess or the pieces of paper you are funneling through. it is a business and not a game. and i have told you over and over again let's see what general electric has to say before buying it up 6% after today's news of the

hideous loss in health care insurance something i have been worried about for a while, i think patience is a virtue decent health care division, going to suffer untold write downs and layoffs that would look like what we experienced in the bed lamb steel number five. john sons and johnson was downgraded was up today. propelling that stock much higher united health stomped the bears with a fabulous quarter as predicted. same goes for the loss, the retailers, what goes up must

come down. i found myself wishing my whole trust was in boeing and dollar tree do not be greedy take profits stay diversified you never know what is going to come from left field and send us lower. simple rules to live by, don't screw it up. let's go to fred from california. >> caller: booyah. ventas, down sharply, but they did raise the dividend, i don't see any internal or strategic reason to lose confidence. in fact i like the move away from skilled nursing is it wise to double down and have them pay me 5%. >> now double down you don't like i will say this, though, i love

the management i like the management very much. they do a terrific job but it is a real estate investment and those along with utilities, breathtakingly bad i like this market sam i am, despite today's reversal, it is still a beast mode rules to live by, i like this market on biggest health care conference of the year has come to an end. i am pointing out my key take aways, then boeing took flight nearly a industry ago and didn't look back. what is ahead for amazon nvidia, netflix and alphabet these stocks have made you a fortune over the long-term can it continue. stick with cramer.

>> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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last week we had a tsunami of major conferences like the icr consumer shindig that we went to in orlando the most important one, the biggest one, the jp morgan health care conference out in san francisco. hardest to get your head around. we have to step back and do learning problem is the announcers from these pharm companies is often like reading hieroglyphics.

in order to help you make all of the sense of the news let's take a look at the biggest winners and losers from that conference last week. the biggest learners in terms of the performance of its stock, that is a company called at squa squara atara bio it is a tiny company now this company priced a gigantic 7 million shares offering before the conference that sent the stock down 6.5 points buyers came out ahead if they waited for the conference. for a phase one, that's pretty early study of the ms drug

attara has a treatment for ebb steen bar. even with the tape showing signs of raggediness today i like to keep track of these, who knows,phase through could be positive. second biggest winner, alder pharmaceuticals. it is one that we checked in with last friday alder starts roaring after the company announced strong clinical trial drugs over european patent dispute i like the story that ceo told us last week alder is an early stage company and plenty of pitfalls including that some competitors are ahead

of them in the process how about this outfit? coherus. it makes what is known as biosimlers they are work on a biosim ler of new lasta which stimulates bone marrow growth. now some analysis anticipate it could do $4 billion in in sales. i prefer biotech with real patent protection. final notable winner from the conference is one that i failed you on frankly, i have not emphasized it enough, this is

illumina it rolled out a new low cost sequencing machine that gave the stock a nice boost my bad how about the losers from the conference one that we did flag that you should get out of it it is axovant sciences this is a company that is trying to develop an alzheimer's treatment. later the stock has been a punching bag just grim. and in september the company announced the phase three clinical trial had failed to reach its primary input. then last week the other shoe dropped. they have been studying this same drug as a treatment for dementia and failed to meet its

end point. a treatment for visual hallucinations releasing some positive data but then the company told us they got the data wrong that is how the stock goes from $5 to $2 a powerful reminder of what happens when you buy a stock without doing a homework for the error, we express skepticism of it i reiterate my skepticism. who else got slammed tessaro. a treatment, as a treatment for chemo therapy induced nausea that i thought was going to be fabulous they are going to have to change the label from this compound to include new warnings about side effects. side effects include anaphylactic shock

having gone into it once from eating sardines. >> during the show. >> during the show by the way. my blood pressure dropped so dramatically after i finished the show i finished the show. this was ill advised by me, but i don't care anyway, a sub optimal situation. probably have to think about that before you take it. unless you are doing a show and that goes on we need to address clovis oncology this one is interesting. because there wasn't anything bad about the presentation they had a lot of good things going for it especially when treating ovarian cancer and solid tumor finally something baz zir happened yet we heard nothing bad from

incyte itself. you never want to face off against a deep pocket competitor, with cell gene buying impact, less likely to buy incyte what else should you be aware of going to the con fab, i was watching allergien like a hawk even though al ergan stock got slammed, the problem is too many drugs on the market and in development. trying my patients as much as it is needing more patience i like to find the wins and losses i am deeply embarrassed by my work on this stock

i was too bullish in the company's prospect it is my job to see what management did i failed to do so. last week i got a sense of maybe wall street is getting a chance at my version. stock actually rallied as saunders paid a compelling longer term version. suddenly al ergan is gaining traction again something has to come through. something. meanwhile, intuitive surgical maker of the robot caught fire here i am a huge fan. got a lot of good news from the jp morgan conference last week, but be careful when you speculate in small cap biotech stocks the difference between the biggest winners and the biggest

losers is enormous kevin in hawaii. >> caller: hawaii booyah from honolulu, hawaii. questions about omega health care i know they are 9.95% dividends. is this something to stay away from or legitimate investment? >> i think you should stay away. i think the stock is too high. i don't want to be there and even as we do our sure and i talk about anaphylactic shock, i am shocked reports to buy juno therapeutics and we get this whole group going once again i tell you to listen for critical data out of conferences like the jpm health care last week now you know the winners and the

losers, and the difference between them is huge and juno is going to figure out in tomorrow's. can the move continue or a bumpy landing. are some of the hottest stocks this market due for a pull back? amazon, nvidia, netflix and alphabet and the greatest story never told and could impact your wealth, savings and portfolio. i will reveal it and what impact it could have on your money. stick with cramer.

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step it is worth going over how this process works. remember, i can't be there day, i do my best in the case of boeing, an incredible performer not only was boeing the strongest dog strongest stock in the dow average. it continues to be the strongest in 2018 too. last year boeing stock powered higher did it quarter after quarter with a globally expanding economy, it is enormous. millions of people in developing country have enough money to develop air travel for the first time airlines from around the world need to come to boeing for new planes which is how the wait list for some of these models ends up being 20 years long. so much demands for jets that

the only real worry here, the only thing that people are afraid of is whether boeing will be able to produce enough planes to satisfy its customers talk about a high quality product. >> house of pleasure. >> that is what most gains in the stocks were about. the interesting thing about this latest rally in boeing is that it is not about earnings, at least not exactly. the recent move is actually come in between quarterly earning reports. in part because of bull market and all things industrial and aerospace. the analyst who cover boeing are jumping all over themselves raise stock intraquarter so it is certainly not those numbers, they are baked in

to put it simply, the analyst recommends boeing because the stock comes coming up. that logic may seem circular to you, but that is the point i am making every time boeing stock plows through some analyst price target that analyst feels compelled to raise the numbers and because we now have a market where the analysts are deathly taking far more serious than they have because of upgrades and price target boost boeing stock goes higher every time so more analyst raise the number and so on. it doesn't mean it can't go down after all the stock drifted lower today, however the stock does mean it is more likely to rebound. but could it really be as simple

as just, well, as i made it out to be? can you have a stock that goes up because it has been going up? actually, yes. just what the analyst have been doing here ever since boeing has announced a buy back boost been getting tons of price target influence here. bank of america, merril raised theirs from 290 to two you went to all of this was before congress approved the two tax code which boeing benefitted from enormously although you do have to buy planes in dollars, it is versus airbus that is what matters. more analyst have good reasons to raise their numbers last week jp morgan hiked their.

today city goes from 305 to 380. absolutely right to like boeing and right to recommend it. when you factor in the impact of tax reform, this company is going to be overflowing with cash but i am not hear to sing boeing's praises i am here to praise the dynamics whenever these analysts come out with another report the stock goes higher. taking boeing stock down with it before we got a late day rally boeing stock has been so strong and blown across the race product from last month. all their targets are between

290 and 320. so what do you do if you are one of those analysts who is behind the curve? i suspect they will raise the forecast you know what, someone will raise price targets even as early as tomorrow because today was the first break the stock has taken. how quickly you can move i don't know my view, i have said it before and i will say it again. i think the stock of boeing is going to $400. thee 31 the low, finishing at 335. how about that range in one day? and people is going to say that is known as an island reversal opened too high and went lower that is technically a bad sign even with the ugly action, as long as there are stories like boeing where analysts -- i think

you got a nice cushion to pick up these stocks. the analysts are like a coiled spring whenever you are lucky enough to get a dip, you know what i will think they will be there on weakness, and on strength. now there is a positive world for you. how about we go to steve in new jersey >> caller: hey, jim, steve, cherry hill new jersey stock, flex you recommended it a while ago. it has been stagnant. >> doing a tremendous job. we put this thing in the bullpen x i never pull the trigger and i am so angry at myself because we liked it at 14 you know what, we are not backing down now, we still like flex we got what is known as an island reversal today.

stocks sell high and then crash. they want you into boeing and they are willing to support. much more "mad money" ahead. hottest tech stocks in market. can they stay in fuego then the stock shortage that nobody is talking about except me and your cars rapid fire, tonight's edition of the lightning round. >> tomorrow, kick offer the trading day with squawk on the street live from post nine. >> great on the part of david taylor, we never mention the names of bankers so i am not going to oh, shoot. >> it all starts at 9:00 a.m.

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in a raging beast of a bull market like the one we have had recently you need to be thinking about when it might be time to do a

little register ring the theme of to want's show. don't get me wrong it is still screaming higher, but today it closed lower. otherwise it has been a fabulous rally. i don't want to scare you away from stocks. i like stocks. but if you are going to be a responsible investor consider whether it is a good idea, be cautious nobody ever got hurt taking a profit but i want to put this in something that all of us will understand we will go off the charts with the brilliant technician that runs a website better sense of what is happening with amazon, with netflix and with nvidia did you see the pictures i had of nvidia

on twitter today we checked in with brodan, and she told us they had more room to run begs the question how much room do these high flying tech stock have left to run use the province to get yourself a nice sweater long story short, not saying these stocks have peaked but time to be cautious. is there anything wrong with that i don't think so so what is happening let's start with looking at amazon before we get into specifics, i want you to remember how brodan's method is it is a fib natchi numbers

and they repeat over and over again. the percentage 23.6, 38.2. and 100% and so on when brodan looks at a stock, she measures the size of the past springs where the stock is most likely to change the trajectory so here is the thing, brodan notes that many rallies begin an end at extension at prior swings once you get to that level, there is a decent chance the rally will pause or turn into a decline and that matters because amazon met two key fibonacci extensions recently. and if it is not just the fibonacci stuff, she likes to use the concept of symmetry. similar in size to previous

swing. the crazy thing it is true look at amazon chart when the stock rally going into october of 2016, the move lasted for $323.21. and then get this, next upswing lasted for $323.21 and come on, you can't make this stuff up look at that that is the same and i can hear you say, oh, pure coincidence. but i can't tell you how often this thing pops up when you are looking at the charts. amazon's latest rally is taking the stock up to $408 so it is a little long in the tooth compared to the last two runs and that means if you buy this concept of symmetry, then it is easy to see how the stock might

be do for a pull back. how much amazon peaked in 2016, we saw a peak here and we had 137 decline. peak, boom and that was last summer so these are the big declines. in both cases stock quickly resumed while it marched higher. that is the first reason brodan thinks it might be time to take profit here. she thinks that could be the 31. she is not saying these patterns will exactly repeat themselves but amazon has gotten extended here throw in the fact fa amazon has a resistant of one, three, 44. raise target, why not wait a little could get an opportunity how about the weekly chart of netflix? last time we checked in netflix

was -- heading to 211. tends to mark the beginning of a pull back. 44 to 47 points. okay given that the stock is up now 45 points and facing a tough ceiling of resistance in the mere 220s. why the heck not, you can get back in. she sees something similar in alphabet another stock blowing up and becoming overextended. brodan's methodology doesn't just to charts

with alphabet she sees the fibonacci cycles that starts last week and continues to tomorrow there is a good chance that it will happen pretty darn soon finally take a gander of my charts of nvidia she has been very bullish. and she has been terrific at predicting when nvidia is ready to run and when it is ready for a breather nvidia is approaching a fibonacci moment and it had a hard, hard reversal today. now brodan is not turning negative on these terrific shocks she says don't abandon ship. bottom line, is it even the best stocks in the hottest of bull markets, need to take breathers every now and then when they are

snorten. and the charts recommend you might want to get more cautious short-term with amazon, alpha, nvidia you are up huge if you own these. would it hurt you badly if you took something off the table mad money is back.

>> announcer: lightning round is sponsored by td ameritrade it is time it is time for the lightning round on cramer's "mad money." that's where i take your calls sell, sell, sell -- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." i like to say there's always hey, jim, nobody does it better than you. i love your energy and enthusiasm my question is about go pro. do you think the company will be bought out and at what point >> it is a billion dollar company. go to david in michigan.

>> caller: booyah. my stock is hp. >> i like hem meric and payne. jerome innew york. >> caller: two companies that runs funeral homes and cemetery >> service is the one that everyone knows and it is a good company. carriage is not well-known stick with service marcos in florida. >> caller: booyah. st micro electronics. >> how about damion in georgia

>> caller: calling about watch energyist corp. >> sell sell i could hurt people. i am not going to hurt people. jeff in california >> caller: booyah to you we love in los angeles we got beautiful weather now 75, 78 degrees come on out and check us out at the beach. >> what's going on. >> caller: watching this universal display corp o led >> now you have to wait for the pull back in oled. we do not need to plunge in. there is nothing today that is moving it. let's go to mike in illinois

>> caller: booyah from chicago home from the soon to be 2018 world champion chicago cubs. >> by the way you lost to the vikings by only three points what is up >> caller: i am interested in the carlyle group. >> and that is the conclusion of the lightning round. >> announcer: sponsored by td ameri trade. help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

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everyone is freaking out because we just had the worst interday reversal in a year. this market still has something big going for it i am talking about the ongoing stock shortage the shortage is so real and so palpable it could be a major theme as earning season progresses we are going to hear about incredible buy backs those buy backs coupled with index fund buying and etf purchasing there simply isn't enough stock to go around for all the buyers. these days we hardly take notice for example when we heard the jp morgan repurchased over 300

shares 8% of the previous sharecrop they also retired more than 200 million shares of the same period an enormous amount of stock to vanish citigroup too. don't forget that a certain amount of investor money is going to be allocated to the financials so there is relatively fixed level of demand. the buybacks mean the supply keep shaking only 250 days give or take to purchase stock when you are buying back that larger percentage of the company, every day, you know

that the idea of a put underneath is realistic. these banks are all under severe restrictions what happens when they are unveiled even some of the older tech companies are getting in on the action apple, microsoft, 70500 shares respectively a lot of stock taking out of circulation. but hardly getting anything sizeable so the supply is more limited than you might think and this is before we get all the huge tax reforms. tax dollars, better? not my department. but you can argue all day. but the horse has left the barn. now that lower corporate tax rates are the law of the land,

companies have an obligation to their shareholders it is called capitalism. and when everybody is buying back stock by the armload. i see it accelerating. the only way to offset the stock shortage, we need to see gigantic ipo for companies like air been nb and spotify. drop in the bucket compared to the pace stick with cramer.

they came out of nowhere, sir! how many of 'em? we don't know. dozens. all right! let's teach these freaks some manners! good luck out there, captain! thanks! but i don't need luck, i have skills... i don't have my keys. (on intercom) all hands. we are looking for the captain's keys again. they are on a silver carabiner. oh, this is bad. as long as people misplace their keys, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance.

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>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is stephan aarstol. i'm 39 years old, and i live in san diego, california. i've always been what you might call a-a geek, you know, i got good grades, i was on math team. i've kind of always played things by the book. coming out of graduate school with an m.b.a., uh, you're sort of groomed to go in a--a certain direction towards really corporate jobs, management consulting type jobs,