Jim Cramer's 'Mad Money' Recap: Happy Bull Day

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NEW YORK (TheStreet) -- When Washington is away, the bulls do indeed play, Jim Cramer said on "Mad Money" Tuesday after another up day on Wall Street.

Cramer said with interest rates once again determining stock prices -- this time for the better -- there are a whole host of stocks moving to the upside.

Many consumer staple stocks received downgrades in recent days, but Cramer said he's still a fan of high-yielding dividend names including Kellogg and Kimberly-Clark . He also noted that Johnson & Johnson , a stock he owns for his charitable trust, Action Alerts PLUS is also doing a fabulous job.

Meanwhile, many shorts took down housing-related stocks after Stanley Black & Decker's miserable results. However, Cramer noted stocks including Whirlpool , up 11.6% today, and Fortune Brands Home & Security and Toll Brothers all rose.

Lower interest rates and lower gas prices are also a win for travel and leisure stocks including Walt Disney as well as restaurants such as Starbucks and retailers including Wal-Mart and Action Alerts PLUS name TJX Stores , Cramer added.

Other notable wins from today included Honeywell , with a 10% dividend boost, along with Freeport McMoRan . Cramer also said that Alcoa , up 8.8% today, is a buy, buy, buy.

Among the few losers for the day were momentum names Netflix and Tesla Motors , and Pioneer Natural Resources , all stocks that are taking a well-deserved breather.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Mark Sebastian over the overall direction of the markets and what, if anything, can be gleaned from watching the CBOE Volatility Index , commonly known by its symbol, the VIX.

Looking at a daily chart of the S&P 500 as compared to the VIX, Sebastian's analysis noted the normal pattern, where the S&P rises and the VIX falls, and the reverse where the index falls and the VIX rises. Times when both rose in tandem, such as May into June and again in August, were a precursor to a sharp move to the downside.