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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) was a leader)? And the shorts were out in full force at the end of the day on Salesforce.com (CRM) 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) 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.