Home Market Outlook Today's Market Summary The technology sector is positioned for a further 40% to 50% rally based on contrarian sentiment indicators. Short selling and put buying remain elevated, signaling the current rally in tech has significant room to run. Directional put buying in the tech sector reached record highs, historically preceding major market advances. I expect the ongoing rally to mirror or exceed last year's gains, entering a potential AI-driven bubble phase. Torsten Asmus/iStock via Getty Images We think the technology sector can rise another 40% to 50%. In an article from March 5, we showed how large amounts of short selling and put buying were forecasting a strong rally, especially in the technology sector. An update of those two Analyst’s Disclosure: I/we have a beneficial long position in the shares of QQQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions.…