Cramer's 'Mad Money' Recap: Tech Tonic

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Jim Cramer explored the intricacies of market momentum on a shortened, midday episode of his Mad Money TV show Tuesday.

He said that much of the recent market action has to do with momentum and not the fundamentals. This means that some hard-and-fast rules of investing may have to be temporarily suspended until this move is over, he said.

Cramer said that one such hard-and-fast rule is to sell tech stocks in February and not look back until the fall. In fact, in 16 of the past 17 years, this rule has held true, he said.

However, the recent market momentum is clearly in the tech stocks' favor, with companies like Intel (INTC Quote), Microsoft (MSFT Quote), Google (GOOG Quote), Apple (AAPL Quote), Research In Motion (RIMM Quote), Amazon.com (AMZN Quote) and even Qualcomm (QCOM Quote), which he also chose for his Action Alerts PLUS portfolio, and Applied Materials (AMAT Quote) either trending higher or making positive comments about their outlooks.

Cramer expects to see continued sector rotation out of the oil and natural gas sectors and into these seemingly inflated tech names.

Cramer also reiterated his price target for oil at $110 a barrel or $3.50 a gallon for gasoline. While he said it's tempting to consider $80 to $90 for a barrel of oil, the real demand, he feels, continues to be at the $110 level.

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