IBUY offers equity exposure via an ETF to global online retailers with exposure to North America, Asia and Europe. IBUY holdings are companies which receive at least 70% of their revenues from online sales, e.g. department stores, specialty retailers, clothing sellers, drug stores, food-ordering sites and discount stores.

There is significant downside risk in the years ahead due to higher interest rates, rising inflation and growing risk of trade wars. If the stocks held by this ETF don't go a lot higher in 2018-2019 (thereby not confirming the recent enthusiastic rally) it could get ugly. The ETF has $344 million in assets under management.

I hope I'm wrong with this very grim outlook and there is at least one leg higher for IBUY towards $70 or higher before a massive ISELL pullback occurs. That's why I share this idea as neutral, because there is no confirmed downtrend as of yet. If IBUY breaks out in 2018 I might share a new chart with a bullish target. By the way, if IBUY makes new all-time highs, it would confirm a hyper bubble in stock markets similar to the "Roaring Twenties". Quote Wikipedia: "The spirit of the Roaring Twenties was marked by a general feeling of novelty associated with modernity and a break with traditions. Everything seemed to be feasible through modern technology." The story later ended with the Wall Street Crash of 1929.
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