You can not find anyone who published more short ideas than me about ARKK on this platform!
To be more precise: 40 ideas between January 30, 2021, to April 26, 2022:
But since I look at the market as the opportunity to trade and the only thing that matters to me is being on the right side of the trade, the last two posts were long ideas in a possible...
noah was instructed to build an ark,
in accordance with market makers instruction:
he took into the ark the most bullish of all specimen.
before the bulls had ventured on this journey,
this noah guy looked at them intently;
"one day this ark will turn 88
that's when a lot of you could dissipate.
do not let greed control your journey,
I multiplied the less risky Dow and Spy while dividing it with a multiple of bio, the Russel and Ark. This shows a clear shooting star candle in development this month which should signal much greater future gains in higher risk stocks and an end to this pullback in the market.
You can see that we had nice rallies the last two times that this has happened on...
I had aRKK drawn out. In a rising channel or a bear flag where when we broke it around $42 we saw a pretty strong move down, but the buyers did Step in Ripping us back up to potentially retest this to $42 area. If aKK does reject here again. This could be nothing but a backtest of a previous pattern support flipping to resistance for a further drop down. This is...
Here is look at ARKK showing the imbalance between irrational exuberance and realistic expectations. Much of the excess has been wiped out. If there is to be any recovery in growth names the green box represents the launching pad. Expectations going forward should be in tune with the longer term trend not the abnormal price action of 2020. Some extra context is...
ARKK is complete garbage with many of the stocks in the ETF now breaking to fresh lows. I originally thought we'd bottom in the $45 range (you can see how that panned out in the previous analysis below), but it turns out I wasn't bearish enough. Now, I think we're likely to see a capitulation move down to $22 before it starts to recover.
If we look at the chart,...
Ark Hits major support. Now its a range play.
Buy around 35-38
Sell zone 50-55 if small range break otherwise high of the smaller range
Divergence on stochastic Rsi on support level.
Everything else on the chart.
In worst case if range break downwards, Exit and enter back if comes back on to same support level.
Just my opinion no financial...
... for a 1.54 credit.
Comments: Opened this on Friday, but ran out of time to post ... . High IVR/IV at 73/76. Selling the 16 delta on both sides. 1.54 credit on buying power of 4.05; 38.0% ROC as a function of buying power at max; 19.0% at 50% max.
46.70 came in as huge reistance. It’s clear we have another bearish pattern here at play. 4th tap on upper reistance confirming this strong rising resitance. Support of rising wedge at 44.39 watch for a line break chart to prove that breakdown. Watch SARK as it’s inverse and could be in a bull flag