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Tech sector poised for 40-50% rally driven by high short selling and put buying signals.

Market News
29 Apr 2026
Seeking Alpha
View Source
Bullish
pluang ai news

The technology sector is expected to rally another 40% to 50%, supported by elevated levels of short selling and put buying, which historically signal strong market advances. These contrarian sentiment indicators suggest the current tech rally has significant room to grow, potentially entering an AI-driven bubble phase. Michael James McDonald, a market forecaster, highlights that investor emotions like fear and greed heavily influence stock prices, and measuring these sentiments can predict major market trends. This outlook implies substantial gains ahead for tech stocks, continuing or surpassing last year's performance.

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