NEW YORK (TheStreet) -- With all three indices pressing lower on Friday morning, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, pointed out the strength in shares of Microsoft (MSFT) on CNBC's "Cramer's Stop Trading" segment.
Cramer said these stocks continue to hold up well as fund managers and investors continue to rotate into them, and out of the "high-flying" momentum stocks.
He added that until the "old technology" stocks stop moving higher, selling in momentum stocks will continue. So far this "reversion" has not yet occurred.
However, Cramer warned, "there's going to be a stand made here today" and the momentum stocks could finally start to find some support.
-- Written by Bret Kenwell in Petoskey, Mich.