Cramer's 'Mad Money' Recap: Sacred Techs

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For the remainder of the year, technology stocks should go higher and make market players money, Jim Cramer told viewers of his "Mad Money" TV show Monday.

Every market needs leadership and a group of stocks that want to go higher, he said. The technology sector is the industry that Cramer believes is working right now.

Earlier in the year, it was easier to pick out leadership groups, but now it's become difficult, he said. In the beginning of the year, cyclicals took off. And then it was aluminum, steel and other "red-hot mining plays" that led the market, Cramer said.

Then, after the anticommercial assets and gold made a huge run, "we hit a wall, but it was still easy to find leadership," as people steered toward consumer staples to make money.

But now six months later, the consumer staples have had their run, and it's no surprise they've become "momentumless," Cramer said. "We need new stocks to make money."

Though "oil has become the ultimate trade," it is not the new "must-own" sector, Cramer said.

Retail could have been the leader, but then Wal-Mart (WMT Quote) performed "so badly" it made it difficult for other retailers like Best Buy (BBY Quote), Costco (COST Quote) and Target (TGT Quote) to perform well with its very low prices, he said.