Breakout_Charts

Is the carnage over for $ARKK?

Short
AMEX:ARKK   ARK Innovation ETF
I'm a big fan of what Cathy and her team are doing research wise. I caught the uptrend last fall and made money. Unfortunately the Wall Street Fashion Show has moved on from the ARK line of stocks. I do have my criticisms of ARK: They have too many funds, trade too much and catch too many falling knives. These practices are amplifying the downside move IMO. The threat of rising rates, the falling out of favor with the fashion show, and the relentless rotation out of disruptive tech into physical economy stocks shows no sign of reversing anytime soon. POSITION: LONG $SARK - the inverse ARKK ETF .
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