Here you've got semis for mobile phones and telecom gear, cloud-based software for the life science industry and big data analytics all shining at once -- three for three! Plus, Veeva and Splunk are heavily shorted, the former shorted in a way that has pretty much shocked a lot of cloud enthusiasts because the clients themselves love the stuff.
The move couldn't be happening at a better time for tech because there are plenty of worries out there that DRAM supply is coming on (remember when Micron (MU) - Get Report was a leader)? And the shorts were out in full force at the end of the day on Salesforce.com (CRM) - Get Report betting its big move was a one-off.
Now psychology should change on a dime.
What should you do if you want to get on the bandwagon and not pay up? Recently, we profiled NXP Semiconductors (NXPI) - Get Report on "Mad Money" at the behest of research analyst Jack Mohr -- after Goldman took it to a sell -- noting that business is very strong there.
I would go for that one as a way to be involved without having to pay up.
Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.
Editor's Note: This article was originally published at 9:34 a.m. EDT on Real Money on Aug. 29.