In a wild market with great expectations and an even greater market rally on Tuesday, Jim Cramer is cleaning out the dead wood.
The "Mad Money" host thinks that at a time when company stocks are flying all over the place, it is a good idea to figure out what people are expecting. He knows that often it is the expectations, not the numbers themselves, that decide the direction of a stock when a company reports.
One example of expectations is with Facebook (FB) earnings, which lead him to believe this one is in it for the long haul.
"Stocks get completely obliterated. Then people thought about it a little bit more and thought it wasn't so bad. This is a common mentality in this quarter, which is why I think Facebook goes down 10 and then starts creeping back up," Cramer said.
How the heck can we figure out where the market is headed? When Cramer is unsure of where the averages are going, he knows it's time to take out the crystal ball of the charts.
He turned to Dan Fitzpatrick, president and founder of StockMarketMentor.com, to get his take on where the market averages will go in the days ahead. Turns out Fitzpatrick thinks that the dramatic marketplace is about to get nice and boring again.