"Market Volatility Looms as US Futures and European Stocks Remain Uncertain"

The stock market rally continued to advance last week, with AI and other tech names leading the way. Several huge AI-related earnings gaps took place, including Arm Holdings, Palantir Technologies, and Cloudflare, buoying other AI- and cloud-focused chip and software stocks. However, with the market rally looking extended, investors should be cautious about new buys. The Nasdaq is now 6.8% above its 50-day moving average, and many AI leaders are becoming extremely extended. In this market, patience is key, and it's important to keep running screens for possible setups while having exit strategies ready.