ARKG looking a little overextended, finally cooling off a bit at the top. It might retract to it's 50 MA on the daily. It bounced today off it's November break-out anchored VWAP while volume continues to be higher than normal. There's a gap below the 50MA that could get filled if we drop lower.
Space ETF (UFO): The UFO is a space-related stocks ETF, it is traded 1.2% down yearly. 3 Month Avg Volume 38.1k 1 Month Avg Volume 78.1k (2X) Biggest holdings: (Name / % ETF position size) 1. IRDM 5.95% 2. ORBC 5.66% 3. MAXR 5.30 4. TRMB 5.29% 5. LORL 5.02% If we break the rally into the Eliot impulse wave we can see : 1...
As a lot of people here know, Cathie Wood, CEO of Ark Investments, has been waiting to invest in BNGO. Tomorrow is the Nasdaq Compliance date. This means Cathie Wood and various institutions can finally invest in the stock. I got a pretty large position around $4.5, and I'm not selling below $10-$12.
NYSE:SKLZ is a newly merged SPAC which build paid tournament (or gambling) experience into casual online games. And ARK Invest, most specifically AMEX:ARKW , has just newly bought in their shares on Jan 4th and has added another 200K shares just yesterday. From a pure technical standpoint I am not surprised it would breakout from its all-time high of 23.87 on...