He said the iShares China 25 Index (FXI), which he owns for his charitable trust, Action Alerts PLUS, needs a pullback before he'd invest there.

In banking, Cramer said it's safe to stick with the winners, like JPMorgan Chase (JPM) and Goldman Sachs (GS), two stocks which he owns for his charitable trust, Action Alerts PLUS.

In banking, Cramer said it's safe to stick with the winners, like JPMorgan Chase (JPM) and Goldman Sachs (GS), two stocks which he owns for his charitable trust, Action Alerts PLUS.

Industrials are another safe bet, said Cramer. He likes Emerson (EMR), another Action Alerts Plus name, in that group.

In the housing sector, Cramer said to stay away from home builders and pick up retailers like Home Depot (HD), an Action Alerts Plus stock, or Lowes (LOW) as a play on the housing bottom.

In the housing sector, Cramer said to stay away from home builders and pick up retailers like Home Depot (HD), an Action Alerts Plus stock, or Lowes (LOW) as a play on the housing bottom.

More risk-prone investors might buy some Sears Holdings (SHLD).

There's also technology. He remains a fan of Apple (AAPL) and Research In Motion (RIMM) as well as others like Qualcomm (QCOM) or Hewlett Packard (HP), two Action Alerts Plus names, and Amazon.com (AMZN). He said this group turns first and is the hottest sector out there.