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By next week, five months will have passed since the market hit that epic bottom in April. 

While plenty of naysayers emerged in the months that followed, we stuck to our money-flow model—and it guided us beautifully throughout the entire rally.

Recently, I've been exercising more caution, and I'll admit those defensive signals are starting to evolve again.

This pattern has been consistent since mid-July: we see a week or two of defensive flows, followed by a strong bull run. 

Let me share what this means for us moving forward.

Tech is Gathering Momentum… Again

Since the April 7 low, technology has remained by far the top-performing sector in this market. 

If you're wondering why the rally has stalled at the index level, it's because this sector went dormant.

But now, after several weeks of slumber, the sleeping giant is ready to wake up again.

Take a moment to consider the current sentiment. How many analysts have called for the end of AI mania? 

I'm taking the opposite position—we're about to enter the next phase.

I believe another Great Tech Reset is upon us. 

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