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Market Outlook

Today's Market

Summary

We see a parabolic rally in the technology sector as the most probable scenario, driven by unique price and sentiment patterns.

Current market conditions mirror the setup for past parabolic moves, with record put buying after a strong initial advance followed by consolidation.

AI stocks, especially as represented by WTAI, are poised for the most pronounced parabolic moves as the bubble phase accelerates.

We maintain a 'hold' recommendation, maintaining near-full stock allocation according to our model, and will only recommend profit-taking once the bubble reaches extreme levels.

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For four months our indicators have pointed to a strong tech rally, with the possibility that prices could go parabolic. We wrote about this in a number of articles.…