I use this ETF as an indicator of market sentiment more than anything. Notice the massive volume occurring in the past few days. Smells like a distribution. Won't be long before we see some major movement in the market. I'm sidelines with cash for now.
This is the most intriguing security of any stock or ETF that I found last year. An ETF that is not just tracking AI technologies, it is powered by IBM's AI. I bought in at 27.75 and extending the upward channel out, The target I have set for the end of March, two months from now, is ~$32. That is a 15% increase in only two months time. I am actually so bullish...
AIEQ is an ETF run by the world's most advanced AI, including IBM's Watson. These computers analyze massive amounts of data (earning reports, analyst predictions, public opinion, technical trends, etc.) and compile 30-70 stocks. It's clear from the chart that the AIs are learning. In my opinion, this is a fantastic long term hold. I have about 40% of my portfolio...
