Jim Cramer considered the rally this week something to behold. It's as if everything that the bulls had been afraid of simply disappeared. Worries over commodities, China and Brazil all melted away, leaving investors free to buy. This especially applies to the best industrial stock of 2015, General Electric.
Could this be too good to be true?
So with this in mind, Cramer dove into his game plan of stocks and events to watch for the week.
Monday: A government shutdown?
With the demise of Republican leadership in Congress comes the possibility of another government shutdown — perhaps as soon as the second week of November.
However, Cramer thinks on Monday investors could start to hear about the possibility of a shutdown, and that will be negative for stocks. As soon as that chatter begins, the worry about disruption in Washington will spill to Wall Street. While Cramer does not want this to occur, he wants investors aware of the possibility and ready to play it.
"Here is the drill that has worked in the past: you sell, lighten up on stocks and raise cash when you first hear that a shutdown is coming, and then on the second day of the actual shutdown you start buying," Cramer said.
Friday: General Electric, Honeywell
General Electric: As the best performing industrial of 2015, Cramer is willing to give this one a buy going into the quarter and coming out of it. Both GE and Honeywell have been part of a big turnaround in industrial stocks, and Cramer does not think it is over yet.
"Even if GE doesn't come in, you should own a small position in it. If it does pullback…I'd buy some GE. And then get ready to buy more if people feel it has run too much. It hasn't," Cramer said.