“Stock Market Stalls Near All-Time Highs—Why Covered Call Traders Love It”
$AIQNo side taken
AIQ is difficult to buy due to uncharted technical territory; AI boom continues but growth will slow.
This is the Global Artificial Intelligence (AIQ) ETF, and as you can see, we saw a big jump from 44 to 70, and now we've pulled back to form this cup-like pattern, right? So, we're kind of in uncharted territory here, and it's hard to buy this stock, because we don't know if the AI boom is over or not?
I don't think it's over. I just think it will be a little quieter. You won't get as many moves that multiply the value tenfold as happened last year or the year before.