Stocks Hit New Highs as Rally Continues, But Caution Advised at Current Extended Levels
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The stock market rally continued, with the Nasdaq and S&P 500 hitting record highs. Several leading stocks like Taiwan Semiconductor, Microsoft, and Palantir are setting up again.
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The Nasdaq and S&P 500 indexes are extended after a strong week. Investors may want to be cautious again soon.
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Uber, Microsoft, Eli Lilly, Taiwan Semiconductor stock are on various IBD lists like Leaderboard, SwingTrader, and Long-Term Leaders.
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Chipmakers Taiwan Semiconductor and Monolithic Power are riding the AI and advanced semiconductor wave.
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Investors should be significantly invested but ready to act quickly as the market has paused and rallied repeatedly over the past few weeks.