Cramer Hot Tech Index
One of the newest inhouse indexes that I watch is what I call, for the lack of anything better, the CNBC Cramer Hot Tech Index. It is made up of 5 stocks TWTR, NFLX, GPRO, TSLA, and FB.
I watch this only as an indication of where Cramer’s focus is, and also a reflection of the hot/hot/new money movement. Because of its nature there is little history. The latest short term cycle turned up on August 6, 2014 and based on prices around today’s early levels is flashing some danger signals but no sell signal yet. It has been a hot trade with the index up 21 percent since August 6, nothing to sneeze at.