joining us now, frank cappelleri . how overbought are we in the big tech names? luence on -- frank: no doubt that they have had a huge influence on everything. they have done it very well. in terms of understanding technology as a whole, we need to look at how broad the has been. one thing that we look at, the slk etf is up more than this year. not a lot, but it shows the less ists, where 2% or in the etf there, going forward looking at the s&p 500 top 50 for the year, 20 of those are tech names. only two of them are market caps over $100 billion. facebook and apple. those tech names are very influential. because they have risen so much, they have caused the major indices to get to those high levels. from the underlying technology names, too. alix: this is kind of what you're talking about, by the way. equal weight tech etf, showing how extended we are above that range. ill, what do you do with tech right now? -- bill, what do you do with tech right now? bill: i think it's one of those places where earnings were really good for attack. 70% up in the first quarter.