While trading off a 2H chart, I have marked pivots with vertical lines. Pivot points are also supported by findings on the three indicators- the price-volume trend, the stochastic RSI and the normalized MACD. The trade plan is quite simple. Upon a pivot low I will buy 3 shares. The actual entry will be made more precisely on the 15 minute chart. Upon a pivot...
Monthly MACD crossing, About to be a green. Everyone hating on Cathy. This going to explode. Been DCAing but adding here.
AMEX:ARKK moved nearly 8% higher since I shifted my focus towards small-cap potential in my initial post. Price is currently testing supply and approaching my target of $45. In anticipation of a potential market pullback next week, I may consider trimming my position. However, I'll continue to monitor the market closely and keep an eye on the gap fill above $46.41.
Potential Bear Flag brewing up here on SARK For the past two years SARK has been one of the best ways to monitor the Bear Market. If this Bear Flag plays out and SARK continues to break down further shorts are in for some serious pain market-wide
Tesla will be lifting ARKK up on Friday but what other companies is ARKK made up of? Is this growth innovation ETF right for you? I am a huge fan and looking forward to what the future holds for ARKK and Cathie Woods can change the positions at any time to catch the best growth from the right companies at the right time. Holdings are: TSLA 11.81%| ROKU 7.95%| ZM...
Hello! If you are a follower and have been following my content I am happy to say that I am back! If you are new, welcome! I have been established as an options swing trader and became so successful that I bought a house. Now I am interested in real estate investing and have built a "Top 10 Picks" Portfolio with my top 10 picks that I will be spreading my money...
What is the difference between average investors and professional investors? There are many, but the most important ones are: 1- Data analysis 2-Systematic approach 3-Strategy 4- ...etc. This list could be very long, but what made living legends like Warren Buffet, Jim Simons, and Micheal J Burry ...etc. is data analysis and their different approach to the data...
Here's a chart and idea about the AMEX:ARKK ETF founded by Cathie Wood. Like many, this was one of the most popular ETFs in existence back in 2020 and 2021. For the last 12 months it's been in free fall. The innovation ETF! It invests in growing tech and emerging companies. In the good times, this was the ETF to have. In the slow times, when capital is more...
The ARK Innovation ETF (ARKK) ever since (even before) its Peak on February 16 2021, has been printing a pattern similar to the one that Dow Jones (DJI) formed during the 1920s/30s Great Depression. Right now it appears to have rebounded on Leg (f), which is the market bottom, and is pulling back to form Leg (h). According to Dow's blueprint, ARK should rebound...
With broad market implied volatility having crushed out mightily over the past couple of weeks, I'm left scrounging around in the exchange-traded fund and/or (ugh) single name space for premium. There aren't a lot of underlyings with ideal IVR/IV metrics to play, but there are a few things that still have decent IV in them, even if it isn't toward the top of its...
Short Watchlist today. Will go into details from this week on sunday nights list for next week. SPY - Wanted consolidation or light pull back today and got a massive green day instead. Overall was not expecting this, but to be fair with the amount of dropping we did back to back leading up to today, I think it was fair to see this kind of range. Anyone who played...
SPY - I was neutral going into Friday, but I did mention my bias if I absolutely had to choose one was bearish. We barely broke under Thursday's low before ultimately closing back around the open level. This is pretty much what I was expecting Friday to look like, and now it opens up a great opportunity for the upcoming week. We have our 4th failed 2 on the daily...
Jan 23 Prices Model M: USD 66,000 Mar 23 Prices Model M: USD 42,000 Drop of 30%, but sales increased by only 5%. The EPS Estimates for March earnings per share is $0.85, a drop of 32%: that means price cuts directly ate into the bottomline. The March '23 EPS would be its Biggest Drop in years. Is that the reason of the ill timed price rise after a day of the...
Poor TSLA earnings looks like it could drag ARKK back down to lows. Interestingly the this ARKK crash is almost 1:1 with the NASDAQ dot com crash. Lets see if it stays with that pattern.
AMEX:FFTY The Innovator IBD 50 ETF – This ETF is sponsored by Investor’s Business Daily (IBD) It holds high beta / high growth names mostly mid and small caps. I like it for its holdings, very similar to AMEX:ARKK except that the holdings in AMEX:FFTY rotate a little more than $ARKK. Like AMEX:ARKK , this is a good barometer of risk-on / risk-off in the...
SPY - I think today was like a 50% win 50% loss from our prediction yesterday. I wanted to head lower than Friday, which we did not get, and we closed green, but my prediction also said that I saw today being a pullback day or consolidation day, which it was. Tomorrow I am thinking we head higher and that is purely due to the fact that we had such a strong close....
ARKK and TQQQ are showing us clear buy signals with a lot of room upwards in my optimistic opinion. This is only my opinion , do your own analysis and research before investing
$BTC has staged a remarkable recovery in 2023. So has $TSLA. $ETH is up 50% but somewhat lagging those two. And eternal risk-on darlin $ARKK is best left alone…