The report on Friday's job is more important than usual

Cramer said that the job report of the week will be more important than usual. The market has been on the rise since the US Federal Reserve reversed its course in January and reduced the number of expected interest rate hikes, he said.

The "crazy money" leader hopes that a too strong labor report will not put additional pressure on Fed President Jerome Powell. He said that it was useless because the inflation was "slight".

"I hope that Powell will not be influenced – he finally seems to have a very good grasp of the situation," but if he regained his previous state of mind, it might be good to say deadly considering the race we had, "Cramer told me.

Because the economy was warming, "the danger is waiting," Cramer said. He expects there will be profits to be made before the employment report. He also predicts that "hawks of inflation" will demand higher rates to combat "imaginary" inflation, which could "cause at least a mishap in the averages".

Cramer thinks that the economy can handle a rate hike this year.

"We have been standing for a very long time and we should probably take a break, especially with the number of unemployed on the horizon," he said. "Do not get me wrong, I still love this market … And in most cases, I would tell you to buy the drops, but … we've been standing for eleven consecutive weeks without a dip, so maybe it's time to proceed with some caution. "

Disclosure: The Cramer Charitable Trust holds shares in Kohl's, Amazon and Salesforce.com.

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