A month ago Morningstar identified the ARK Innovation Fund (ARKK) as one of the largest wealth destroyers in the fund industry, with the ETF losing $7.1 billion in investors' wealth over the past decade due to its strategy of using leverage to bet against the Nasdaq-100 (NDX). Additionally, the ARK Genomic Revolution ETF (ARKG) has shredded $4.2 billion in wealth...
In the past months investors have been watching carefully the recovery of Coinbase as one of the biggest partners in the financial industry as crytocurrencies seem to recover from the last downturn. Many investors, traders and fans of crypto have been watching with a lot of hype the launch of the ETFs; which hasn't resulted in what most of them expected: a massive...
AMEX:BITO Kathy Woods AMEX:ARKW fund sold OTC:GBTC and bought $92mm AMEX:BITO yesterday. They also sold $COIN. There is the news. I am more of a technical trader, and I like the set-up on BITO here. I have started a one third size position in the anticipation of a break above the small consolidation area or pennant. My stop is tight, just below today’s low...
Year to date relative comparison of the ARK funds shows that the ARK Next Generation Internet ETF (ARKW) is outperfing the rest of the pack.
💡 Pattern: Bull Flag 💡 RSI: 39 Negative 💡 Risk: High ✅ Resistance: 277 ✅ Support: 214 PERFORMANCE 🔴 ST: NEGATIVE 🟡 MT: HOLD 🔴 LT: NEGATIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️ _______________________
🔹Breaking up horizontal trend channel in medium long term. 🔹Positive signal from rectangle formation at 51.51 resistance breakup. 🔹Between support 55 and resistance 64. 🔹RSI above 70 indicates strong short-term positive momentum. 🔹Technically POSITIVE for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS -...
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.
The WXY correction over end of march it seems Then the bull run begins Supporting lines and an ending diagonal Fib 61.8 retracement reached
If it breaks this line in the next couple weeks, it could spell the end of any potential fast recovery of the ARKs and could take almost a decade to even return to these current prices. Also would mean to me that the overall market will be going into a depression, so you won't have much fun in BTC, NDX or SPY either. There is still a possibility of a V recovery...
Hello Traders and (and maybe Tech/ Value / Longterm Investors ?), ARK funds took BIG hit last year and sell-offs continue. (Panic and uncertainty at the market, raising Inflation and Interest rates, ... War or Pandemy, what could be worse ? WW3 ? ). So are the ARK funds Investable ? I believe so... but under some conditions. 1) Most stocks were simply...
Be on the right side of change is a fancy title for an investment company that lost 23-25% of the value of their 4 main funds in the past 16 trading days! No need to say that these funds had lost 17-34% of their values in 2021. I think it is crucial to be on the right side of the change, otherwise...! One of my favorite Youtubers is Ozzy man, he has a series...
Jim Simons: “Scientists and mathematicians are trained to dig below the surface of the chaotic, natural world to search for unexpected simplicity, structure, and even beauty. On February 28th, 2021 (10 months ago) I published this article: The Social Media Trading Bubble comes to its end..! I have always said: Only time could show the accuracy of...
AAPL ran into the close of the Nasdaq but it seems suspicious as if it's planning to dump Next week or Tomorrow even i will be looking for it to fade all of it's daily gains from the day. If it goes above 170 then i will exit this trade.
There's a rising wedge and a potential early C entry for an ABCD that could take us down to the 78.6 or even the 88.6 if things get bad. I think it's safe to say that if the Nasdaq goes down this will go down twice as hard.
Great opportunity here with ARK invest. Head n Shoulder now formed. The first wave of the daily EW was completed. Small retracement now to 142.55 giving a great buy opportunity with SL at 134.90. If you are a more conservative play on the resistance of the HnS neck. 189 the first target, looking to unlock some profit at that level, Final target 205, completing...
1. Palantir is nearing a strong support zone (21.00-22.50) that it recently reclaimed. The support zone was reclaimed quickly after breaking, solidifying the strength at and beneath 21.00. Price just bounced at the top of the zone, yet I believe it will fall through to test the bottom of the support zone and consolidate within the zone briefly, reaffirming...
Here is the weekly chart for ARKW, the ARK Next Gen Internet ETF counting from inception, ARKW has completed a massive wave 3 followed by a deep wave 4 correction which means it'll have an equally powerful wave 5. Taking the equal legs target or wave 1 results in a 5th wave that does not cross the ATH, which means a true wave 5 should replicate the entire length...
A weekly chart of TSLA will show us the longer term trend, which fate could be tested at the $550 level, which is coincidental with the 61.8% Fibonacci Retracement, a break below this level suggests the next target on the downside is $330 approximately. There is a slight divergence with the RSI, when you take a look at the last bottom. (Bearish) I will be...