Jim Kramer here to share a short preview of my take on the market from today's members-only

CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day

at 1020 a.m. Visit CnBC.com slash morning take to sign up today. That's one word morning tape. So we made a lot of moves in

the portfolio over the last 24 hours. Why don't we go over it? We bought a defensive growth stock

yesterday in Cardinal Health, backbone of the healthcare industry, all of its revenues come

inside or generated inside the U.S. So what happens overseas, oil prices shouldn't really impact that. No, and that's why this is the opportunity. You know, we start small, you know how we do it, and then we build up in pyramid style, and I'm ready to buy some record. And that's exactly what we have to go with. So we bought that tomorrow morning, and then when the markets recovered, you had a 1% gain on daily

move in Black Rock, decided to cut that position in about a half again and replace the Cardinal

health money with the Black Rock money.

Right. Remember, we're not putting new money in. Okay, that's going to come when we're really

oversold. We're kind of just at the fringes. We do believe that, remember, we are optimists. If you saw that there were fewer drones on day four, then I think you'd say, oh, my God, this thing is over, and I got to take this market up 2,000 points, Dow points, very big in the S&P.

And I don't want that to happen to us. We're not going to do a wholesale, let's get out now. That is not. What we're doing is to try and strategically place, actually, we're doing tactical work now. We'd be strategic if we decided that it got really oversold. We really wanted to put a couple percent in. I'm not there yet. Yeah, the oscillator finished Monday at 0.93 percent, so not really near oversold territory. All opinions expressed

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