AMEX:ARKK Top 3 Holdings 9%~ NASDAQ:TSLA 6%~ NYSE:TDOC 5%~ NASDAQ:ROKU Going for the retest of the longer-term bearish pattern
Cathy Wood's flagship ETF, ARKK is now at the point of support of $101 - $103. lvl of gathering.. Not financial advice, your trades can go to $0.00. Do your own research!
Hyper growth has crashed by over 35%, inflation data is not as bad as everyone thinks, 10 year treasuries have pulled back, commodity prices have dropped massively, lumber has dropped from 1700 to 1100, fed likes to print money BRRRRRRRRR. This is not financial advice and I'm not advertising the buy or sale of ARKK etf or its holdings.
Today, we will explain our trading idea on ARKK. What are we observing right now? The price is inside a descending Wedge pattern (106 days correction), and we are observing possible signs of a breakout happening soon. We can see a clear support zone that the price could not break, so we expect a bullish movement towards the next resistance zone at least. ...
in the past 37 days, ARKK failed to break above the 200 SMA! The average 5-day Trading volume decreased from 3.16/D billion in March to 795 million/D. Wait for rejection and confirmation..!
For Coinbase as a company, we should take a different perspective when evaluating its fair value. I don't think we can use Bitcoin price as a benchmark or surrogate marker of its value. Given the interests in crypto trading, the potential of Coinbase and similar exchanges is huge. Looking back at almost 2 months' price movement of Coinbase, it seems to be trying...
Tough setup. Goodluck all. Be safe. (Opinion Only)
Here's where the premium was at as of Friday's close: Broad Market Exchange-Traded Funds With 30-Day Implied >20%: IWM (1/23) Comments: I have quite a bit of IWM on here, but my order of preference is broad market, then sector, then single name, so am comfortable with adding if we get both weakness and a pop in volatility. IWM/RUT has been fairly rangebound,...
We have been watching closely zoom for the last weeks looking for the breakout of the massive corrective pattern we are observing right now. After 225 days, the price has tested both sides of the structure, mainly the lower zone. Based on that, we are getting ready for the breakout. Generally speaking, it is not a good idea to trade a direct breakout of these...
Cathy back to her shannigans. (Opinion Only)
... for a .26/contract credit. Comments: In for 1.94/contract (See Post Below); out for .26/contract with 21 days to go. 1.68 ($168) profit per contract. Still have some July on ... .
ARKK volumes on 3D and weekly look particularly interesting. Nice V-shaped signatures suggest significant sell from weak hand into strong ones. There is however the possibility of a double bottom formation with lows around 94 but overall I think this correction has ended or at least pretty soon. Invalidation of this idea is trading bellow 90k until get above...
Cathy will likely be a seller here among anyone else smart.. (Opinion Only)
Same tactics in every stock she owns. Careful on this one ahead of earnings next week. I'm a seller here. (Opinion only)
Looks like $MARA is ready to fly, and there is a rumor that Cathie Wood will add it to $ARKK
... for a 1.94/contract credit. Comments: Still pretty weak here with fairly high implied volatility (30-day at 46.7%). Selling the 16 delta strike. 2.15% ROC at max as a function of notional risk; 14.8% annualized.