And All The King’s Men …

Could Not Put The ‘AI’ Hype, Back Together Again

Over the weekend it’s been non-stop Artificial Intelligence (AI) hype.

Even now, as of this post, it continues with links like this one, this one, this one and on and on.

Despite all that, a funny thing is happening in the market.

The SOXX, is not moving higher.

This mass psychosis could be the largest public fleecing set-up, ever, in market history.

But wait, there’s even a more insidious twist.

As reported by The Maverick, link here (Time Stamp 10:45), the AI bandwagon is being hijacked by certain ‘entities’.

With that, the herd mentality can cause insane results.

So, one has to always be willing to exit a position if the unexpected shows up (not advice, not a recommendation).

Semiconductor SOXX, Daily

As of this post (11:37 a.m., EST), the SOXX is in a kind of ‘no man’s land’.

So far today, it has not made a new daily high or low.

Tight price action typically precedes a breakout whether it’s up or down.

Let’s see what happens next.

Stay Tuned

Charts by StockCharts

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