The seasonal tech trade is back
The sector is getting a lift as Thailand comes back online, China gets ready to spend and Google leads the way.
The flood waters recede, and tech springs to life. That's what it looks like when we realize that the "seasonal" trade, the annual move up in tech stocks, was clearly stunted by all the capacity that was taken out by the flooding in Thailand.
Remarkably, now that the country is coming back online, we are seeing supply constraints that are allowing the drive makers to get some gross margins. At the same time, people are getting excited about a return to spending from China, a very big deal, one that makes for good chatter from Intel (INTC), SanDisk (SNDK) and, one of my favorites, Nvidia (NVDA).
You combine that with the possibility of strong sales from Apple (AAPL), as we heard Thursday from JPMorgan, a new delivery service from Google (GOOG) and terrific chatter from Amazon (AMZN) for the holiday season, and you can see how the tech seasonal trade has gotten back in line the way the Thai facilities are coming back online.
Action Alerts PLUS owns two beaten-down tech names, Broadcom (BRCM) and EMC (EMC), which may be ready to roll because cellphones and big data are big themes. But the hottest stock of all is that of Google, which my friend John Roque, a terrific technician, is saying could be in total breakout mode.
Last week we saw the first tech leadership. Now we are seeing the soldiers follow. It's about time.
Random musings: I will be speaking at the 92nd Street Y in New York at 8 p.m. Monday and signing books afterward, if you care to attend!
Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long AAPL, BRCM and EMC.
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Jim Cramer is a co-founder of TheStreet and contributes daily market commentary to the financial news network's sites. Follow his trades for his charitable trust.
Ah Jim:
What happened to your call last week about "the sky is falling" and to abandon the market?
-------------
Wait until after December, an historically strong month in the market, to ask that question. One week of strong performance isn't really indicative of longer term market trends.
Cramer is a flip flopper. Get in get out; get in get out. I could flip a coin for the same results.
He gets you to buy when his fund is getting out ! His admits on tv his wife saved him from bankruptcy 3x.
He lost thousands for people, BAC, NYX, LVLT, NFLX etc etc. BOO HOOO Cramer !
Keep buying his books, bobble heads, picks sheets and watch his show.
'He gets rich off of your whether his is right or wrong'. 
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