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Is The Market Starting To Go Parabolic?
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Is The Market Starting To Go Parabolic?

Seeking Alpha·Michael James McDonald·27 days ago
#rz1CmHo1
#source#chevron#alpha#parabolic#seeking#rally
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Home 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. PM Images/DigitalVision via Getty Images 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. We now think a parabolic rally is the most Analyst’s Disclosure: I/we have a beneficial long position in the shares of QQQ either through stock ownership, options, or other derivatives.…

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