Watch certain technology stocks to better determine when the market might be ready to advance again, Jim Cramer said on Monday's "Stop Trading!" segment on CNBC.

Cramer said he would monitor the semiconductor sector at this point because of its pullback. He also said following Apple ( AAPL) and Research in Motion ( RIMM), not the banks, will tell us when the selloff is over.

He said if the stocks are rising before the open when the futures are down, it suggests mutual funds are buying the shares and putting upward pressure on the stocks.

Cramer also pointed out that if a company lays off a lot of workers, the market likes it. People feel Eaton ( ETN), for instance, hasn't done enough and that the company was too bullish. Its shares fell.

In closing, Cramer defended restaurants. However, he said he would sell some retailers at these levels. "That restaurant group is still strong," he said.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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