Starting to build a big ARkk position, going to sell at the 50 day, then buy back if we can hold over. May be the play of the next 5 years. The tech narrative will inevitably return.
ARKK is trading at an all time low relative to the QQQ. At just over halfway through the month, continued strength for the remainder would form a bullish monthly candlestick indicative of a possible reversal incoming.
Relative strength in the highest risk assets would be the first sign of a market bounce or bottom.
More of a social commentary than stock analysis....
The Fed created a bubble and now it's collapsed. I hope all of those Fed morons, especially Powell, appreciate the fact that they've destroyed the life savings of a lot of morons who can't identify a bubble. Powell is absolutely the biggest moron in the world and never should have become Fed chair, now the...
“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
― Albert Einstein
Humans are stupid in an infinite, repeating, and beautiful way which we can take advantage of as traders. The similarity between the tech bubble for QQQ popping in 2000 is quite apparent when looking at the ARKK bubble which formed more recently in...
Keeping it simple here using monthly Ichimoku and basic Fibonacci clustering.
1. Month is still in early stages, but current shape looks like some sort of a doji candle -- we won't know for sure what its going to be unless we move into next month (while I was analyzing the chart, looked like an inverted hammer)
2. 50% of the entire move from the 2016 hammer low...
So I recently looked at this and it's quite clear from inception it has completed a 5 wave move and is in the process of a major correction - Our correction has evolved from ABC nature to 5 wave impulsive and we can clearly see 5 waves down - Also we have confirmation that wave 5 has topped as our 2-4 trend line has been busted - going forward there could still be...
ARKK - The bearish sentiment and hate against miss Cathie Wood is pretty strong as her flagship ARKK fund has gone from a high of $160 to low $35 this past week, nearly erasing ALL gains and now total 5 year return in line with the market at 13.8%. If you're a contrarian, you love the idea of going long here.
I prefer technical and price action which as of now I...
According to ARK-funds.com:
Fund Objective
ARKK is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund’s investment theme of disruptive innovation.
Now they are 47%...
All the way down to 35!! 5 waves up in '20-'21 and looks like 5 waves down in '22. Good spot for a bounce
$TSLA $SQ $ROKU $TDOC $BIDU $SPOT $Z $SHOP $QQQ $SPY #ElliottWave #Stocks 📉
I'm always watching ARKK as gauge of growth stocks in general. ARKK is now back to it's 1 year range from 2018. I see the red box as covid excess that was a once in a life time event. Yields have now risen back to 2018 levels (10y @ 3%) so much of the excess has been flushed out. With this in mind we are getting close to a point where it may be safe to start...
Looks like a solid buy near $34.00. Next buy-target below that is around the $19.00 mark.
Risk at these levels is fairly low since the upward potential is disproportionately larger based on history.
PRINCIPAL INVESTMENT STRATEGIES
The Fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF. A “single day” is measured from the time the Fund calculates its net asset value (“NAV”) to the time of the Fund’s next...
All my predictions about ARK invest in the past trading year were and are correct..!
If you look at the average weekly Volume Price it is now 30-40 times higher than the same price range in July 2020,
this will lead to full crash mode..!
SQ earning in the next 2 weeks will push it outside the channel and accelerate the down move!
You can see the most important...
Small put position over the weekend in this name. The thinking for this is basically sector rotation. Large caps had a nasty week while ARKK names held up (hence the rectangle this name has been in since last Friday). Breaking down today out of the rectangle and also looking like another false breakout of the trendline. Looking for downside in ARKK names next week...
Broken down names that feature heavily in the $ARKK ETF have started to act better in the past 2 weeks. The overall ETF built a promising bull flag above the 8EMA. A close above $45 for this week opens the chart for higher prices. Our target for the coming period is $52.
NYSE Arca
