It was indeed a benign selloff. Before i give you some examples, let me explain the concept of bids underneath because this is a technical term used by professional Money Managers. I want you to understand this stuff. These professional Money Managers have Actual Experience in buying and selling large chunks of stock. They dont just do the Analytical Research about why a stock should be liked or disliked. Thats what we usually talk about on mad money. Now im going to talk about trading mechanics. Stock sinks, there are people who are ready to stand there and do some buying. In short, buyers are lurking and theyre ready to pounce. How do you know theyre there . If youre an institutional trader, youre often asked for what is known as a picture, meaning what is the actual supply and demand balance in a given stock before you pull the trigger. So what does that picture look like with a lot of stocks in this market . Lets start with the first disney. See, if i wanted to buy disney in size and thats another technical term that means if i wanted to buy, say, at least 100,000 shares of disney, thats size. I would ask my trader for a picture beforehand. Theyd ask around to various brokers, and in this case theyre likely to reply, jim, its much better to the buy side, meaning there are more buyers lined up to purchase the stock than sellers above willing to let it go. A nice move since it reported, thats a very encouraging sign. It tells you that just because disney stock has rallied a great deal, it still hasnt turned off the buyers and still arent huge sellers above. Now, if the stock comes down, these buyers will be ready to snap it up. Why . Because theyre lurking underneath. So my trader would come to me and say, jim, its so much better to buy that we might actually have to pay up. Translation, if i really wanted 100,000 shares, id have to bid aggressively, meaning id have to get in front of other buyers by putting in an order above the lurkers. And if there were tons of equally aggressive buyers, i most likely have to lift the offer my final technical term meaning id have to move the stock itself by paying up from the last sale and taking whatever stocks out there for sale, even if its all the way up, to get in my 100,000share order. And thats how demand overwhelms supply. Its how stocks like disney can go ever higher even on a down day. It rallied 1. 42 in that process. The lurkers stopped lurking. They paid up. They lifted offerings, and they took the stock. So what transpired at disney to make traders want to lift the offer and move the stock to get their order filled . Why were they so willing to do it . A week ago this stock was swooning on concerns that espns business was losing subscribers. These concerns were not alleviated by disneys earnings but in the q a portion of the conference call, which is often the most important part, ceo bob iger said he was feeling more bullish about espn lately and that there were encouraging signs connected with the business. Today Deutsche Bank upgraded disney from hold to buy because of those encouraging signs, giving big buyers the conviction they needed to step up from where they were lurking, lift their offers, take the supply, and move the stock. So even when the market turned down, this stock didnt lurkers underneath and the more aggressive buyers who decided we cant wait any more for disneys stock to come in. The opportunity was just too great. They didnt want to miss it, so they took it. Another example. Two weeks ago, there was a lot of tepid praise for the quarter reported by starbucks. In fact, after initially rallying, the stock pirouetted, ending up retreating about and buck and a half. 52 bucks it traded down to, only slightly above where it was when there were rumors that the quarter would be weak. A miss. Now, though, starbucks has the picture looks a lot better. How much better . One of my favorite technicians, bruce kamich of real money, where i blog, actually changed his tune today on starbucks and said the momentum is now with the bulls. Thats those lurkers paying up even in a down tape, meaning the stock market going lower, saying that whatever people disliked on the call may be less relevant than all the good thats going on, especially in china as Ceo Howard Schultz told us right here when he came to the show. Then theres tjx, the discount retailer. Yesterday this company gave you a totally bullish conference ll although management still gave you its famously cautious guidance. Somehow this time the guidance was viewed as gospel, but buyers were lurking underneath, no doubt recognizing the tjx didnt mean things were going off the rails for the holidays. Today the sellers didnt come back, forcing the lurkers to lift offerings and take the stock ever higher. It closed plus 2. 90. This was the same stock that went down yesterday. Lurking. How about uber discounter target . The giant chain had missed projections for the last couple quarters, and when cvs reported its miserable results, it mentioned its Stores Within a store pharmacies in target, not doing that great. So the stock of target didnt participate in last weeks great retail rally. In fact, it was heavily shorted or bet against going into todays report. But, bam, it was a strong report, and those who wanted to buy it were in a furious battle. It was like handtohand combat. Furious battle with those who wanted to cover their shortages and the ones who were betting against the company had gone awry. The result . The stock rocketed up more than 6 . Oh, and make no mistake about it. The guidance was so good that i expect a secondday move, and the lurkers underneath will probably have to pay up again to get in their positions. There are lots of stories like that out there these days. People were perplexed about the recent results from illinois toolworks and cummins and caterpillar, so they sold those stocks down when they reported. But ever since the election, they end up being frustrated and lifting offers. You can see the positive action pretty much every day. What looked like obvious instances to cut and run turned out to be classic buying opportunities because of the trump rally. Remember, this market regards trump as builder in chief even if today he had to take his name down from a myriad of buildings because of the obvious conflicts that come with being president. I call that a highquality problem. By the way, i cant believe how much caterpillar must be killing the short sellers here, who senses that nothing was going to get better for this machinery strong dollar, right . Giving its foreign competitors like komatsu a real edge. But that was before trumps election. Now posttrump, cats widely held as the stock to own. Why . Because maybe trump will make the federal Highway Administration use only American Equipment if its going to get the money it needs after trump issues the 500 billion, 30year make american highways great bonds. It could easily happen. By the way, its my plan. Id like to get some credit for it if its adopted. Let me give you one more example money, what did i do . I said, hey, theres this company. Its stock is too high. Nvidia, right . I said maybe it pulls back. I said its becoming the new intel of this generation, the Semiconductor Company for gaming, data centers, machine learning, Artificial Intelligence. The stock had just moved up 20 points on the best earnings beat of 2016. All i did was say i dont think its done, but that it should come in. I saw there had been buyers lurking after that run. I sensed that they would be impatient if it didnt pull back. But even as much as the nasdaq opened lower today, nvidia hung in. It was unchanged. Next thing you know, the patience wore off the lurkers and they frantically started lifting offerings, and thats how the stock finished up more than 5 on nothing. No news. Ever since the trump rally began, that have been buyers lurking underneath pretty much everywhere. When the s p 500 futures might drive stocks down off of some event, they prop up the stocks that theyre lurking under. And the buyers start to compete with one another, pushing these stocks higher. Heres the bottom line. Buyers just cant wait for this market to come down. Theyre stepping up each day for a host of stocks. The result . I always say at the end of the show theres a bull market somewhere. Right now there are almost too many to count. Elaine in new york, elaine. Caller hi, cramer. Thanks for taking my call. For about a decade, ive owned teva pharmaceutical, an israeli pharmaceutical of generic and specialty drugs. Its done quite well, but the la disappointing. Im wondering whether possible drug deregulation plus retiring baby boomers and medicares desire to control costs via generics all might give more upside or whether the risk of trumps tariffs might mean more downside. Elaine, i got to tell you. A lot of guys downgraded this stock today. Generic issues. They paid 40 billion to allergan which owns 10 of the company and has been crushed because it owns 10 of the company. So i say teva, i dont know. I would sell some tomorrow. There is something this is not working out. Bob in new york, bob. Caller hey, jim. How are you . Im good. How about you . Caller not bad. First of all, youre our familys financial gps. Wanted to let you know that. Thank you. Caller and over the past week, visa has taken quite a hit. Im thinking in terms of a trump administration, but quite frankly in any environment, visa seems like a company that would thrive unless the fundamentals of the company have changed, and i dont see that. Bob, its total flawed funds. Heres what happened. Visa, mastercard, and american express, theyre considered to be faux financials. Theyre what you buy when you dont like the banks, but you want to show that you own financials. Well, if the banks are good, you got to sell something. So theyre selling the faux financials. I agree with you. My Charitable Trust thinks visa is a buy down here. I think youre right. Patience. Dorothy in massachusetts, dorothy. Good to talk to you. Same. Caller i need some of your wisdom, jim. I want your opinion on two stocks if i may. Two. Caller first one is new York Mortgage trust, symbol nymt. The other one is Empire State Realty group, esrt. What do you think, jim . Not a fan of either. Youre reaching for income. I dont like to reach for income. I know people want to get that yield, but i dont like to do that. I think these are red flags. If you want yield, you got to stick with some of the Higher QualityReal Estate Investment trusts that we talk about or at this point, because i think Interest Rates are going higher, maybe just wait. Youre going to get a chance for better yield. All right. Theyre there, right under the surface. Theyre lurking. Theyre the buyers and theyre putting bids in underneath a ton of stocks in this market. On mad money tonight, shares of the socalled netflix for textbooks, chegg, havent been putting up perfect marks since its ipo. Ill ask the ceo. Then warren zevon once sang, lawyers, guns and money. Ill tell you what that tune has to do with the Trump Presidency and your portfolio. And helping thousands of businesses have a bigger presence online. Can wix help you score some clicks . Ill surf with the ceo. Stick with cramer. Announcer dont miss a second of mad money. Follow jimcramer on twitter. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Miss something . Why are you checking your credit score . I wanna see if it changed. Credit scores dont change that much, do they . Really . Ill take it. Sir, your credit. Is great right . When was the last time you checked . Yeah, id better check my credit score. Here, try credit karma. Its free. All right. No more surprises. Credit karma. Give yourself some credit. Hey team, i know were tight on time, but i really need a. Sick day tomorrow. Moms dont take sick days. Moms take nyquil severe the. Nighttime sniffling,sneezing, coughing, aching, fever best. When heartburn hits, fight back fast with tums smoothies. It starts dissolving the instant it touches your tongue. And neutralizes stomach acid at the source. . Tum tum tum tum . Smoothies only from tums [burke] hot dog. Seen it. Covered it. We know a thing or two because weve seen a thing or two. Question, are my teeth yellow . Have you tried the tissue test . Ugh yellow. What do you use . Crest whitestrps. Crest 3d whitestrips whiten 25 times better than a leading whitening toothpaste i passed the tissue test. Oh yeah. Crest whitestrips are the way to whiten. coughs cough doesnt sound so good. Take mucinex dm. Ill text you in 4 hours when your cough returns. One pill lasts 12 hours, so. Looks like im good all night some cough medicines rs. Lets end this. We live in a world where more and more of your life is going digital. You can order virtually anything via amazon. You can tweet an emoji to get a pizza delivered. You can monitor your heart rate via a smartphone app. Lately even education at last is starting to go digital after spending years still stuck in the stone age. Transformed itself from a Textbook Rental Service into a provider of Digital Services for students including everything from online homework, getting scholarships, selecting classes. Last week, chegg reported one of its final quarters before the transition is complete. They delivered a higher than expected revenue and a smaller than expected loss. We last spoke with cheggs ceo in february when the stock was trading at 3 and change, and all but a few of us had given up on it. Since then, its given us a phenomenal 127 gain. We got to ask can it keep climbi . First analysts day ever. So lets check in with dan rosenzweig. Hes the chairman and ceo of chegg. Mr. Rosenzweig, welcome back to mad money. Congratulations. Thank you, mr. Cramer. All right. You came here last time. It was a tough time last time, but you said dont give up hope. And we said, no, were not going to because you have a smarter way to student. We do. First of all, i want to thank you for the opportunity as a Small Cap Company to have somebody like you give us a forum to explain the transformation. It makes a big difference to us youre quite welcome. Things are going extraordinarily well. Look, every business is being transformed. Education has taken a long time to do it. But when you look at whats going on today, which is the demographics and socioeconomics of the student today is different. There are more nonwhite students than ever going to college. 72 of all College Students have to borrow money. 25 of all College Students have to take a class in writing or math just to be able to start to get credits. Where does chegg make its fees in this, and how does it use chegg . Well, clearly when they selfreport, 90 say they get a better grade. 84 say they master the subject better. So what we do is help them pick the right college. Once theyre in college, we save them money on textbooks. That was the original business. But were building this giant student graph, which is where you went to college, what your class is, what your major is, what your grades are, where you struggle, when you need help, what your interest is professionally. Through subscriptions and through ecommerce, and the business is growing at an extraordinary rate right now. One of my favorite ones is for career. How does my major affect my career choice . I cant tell you how many people say, if i major in x, what will that allow me to do . I mean they shouldnt have to ask. There is no forum. This is it. You know, its amazing. Given that 10 billion is spent annually to recruit kids coming out of college, there has never been a site for it. Theres never been data for it. So we now are building the opportunity to be able to say if college and you put in your major, well tell you where other kids who went to that college and took that major, what their career paths have been, what their earnings have been, how much money you can borrow in order to do it. Well match you. Well tell you which skills they require for the job you want, which skills youve got, and which skills youre missing and then match you to that skill. No one has ever done this before. No. Youre catching people at the high school level. Have you found people go all the way, high school through college, and then go through this career counseling . We have. Month. It starts in middle school because we have writing help. We have easybib and things like that. I should mention that. This is imagine easy solutions that you bought earlier this year, and i think that was even since weve talked. So you should Say Something about that. Yes. So imagine if you have a college kid or even a High School Kid or middle school kid, the chances are they use easybib which does your citations and bibliographies. 1. 4 billion citations are already in the system. 30 Million Students or 30 Million People use it a year. It takes what used to take ho citations and bibliographies, and does it automatically. But what we can learn about you is what class youre in. What paper youre writing tells us what textbooks you use and then tells us whether you know how to write. Do you understand sentence structure . We can actually teach students to write now. What i thought was interesting is its got antiplagiarism. How does that work . It does. The funniest thing is if you talk a little bit about the election, when Melania Trump gave that speech, we were able to know within five minutes exactly where that speech came from because we were able to put through everything and because we have that 1. 4 billion citations, it can actually read it, use this technology. Its algorithms and identifies the original source. At college, one of the jobs i had was i actually had to check for plagiarism. That was a paying job. I was desperate for money. That job is gone with chegg, right . That really is mad money. But you dont need that with your software. No, you dont need it anymore. What chegg wants to be able to do is help you every step of the way. So our homework help, our chegg study, which is our most explosive product, it actually gives you stepbystep solutions. It has this giant expert answer network. 7 million