ARKK
How Fragile ARKK is?Those who investing in ETFs and Funds, are usually cautious investors!
But the question is how safe ARKK could be for the storm ahead..?
ARKK, rewarded the investors 384% in less than a year, but lost 34% of its value in 13 days!?!?
I believe after breaking its yearly trend line ARKK has a hard path ahead to reach new highs again, specially when Tesla the biggest portion of its portfolio does not perform well!
Since ARKK heavily invested in growth stocks, its worst days has yet to come. Although it could go up to 135-140, but we have to wait and see if there will be a new all time high in coming weeks??.
Money Flow 1h Market Rotation IJS Outperformance Small Cap ValueJust My Market Rotation graph, 1 hour, including extended hours. This is graphing ETF performance divided by SPY, showing relative performance over time.
IJS - iShares S&P Small-Cap 600 Value ETF - Is really outperforming everything. Eventually this has to stop? Dividends are doing well too.
The only other asset class beating it is BTC (not graphed). BTC is the new inflation hedge and doing better than gold (also not graphed)?
ARKK is oversold because of "inflation." Let's see how far it goes.
Basically, these market conditions will persist until yields stop rising.
US stock - ARKK chart update (8-Mar-2021)In US stock market, the index NASDAQ and Russell 2000 having a biggest correction since 2020 Mar.
And most of the new economy stocks dropped more than 20% like TSLA, SQ, PYPL etc....
Many people said ARK investment and Cathie Wood is bad/dead now....
Therefore, I would like to show my ARKK trading plan here.
For ARKK, it dropped more than 50% in only 14 trading days.
The 50MA, 100MA all broken, that's crazy....
However, I see there have some support around $110 - 112. (next support is around $104-$105)
This is the Fib Retracement 0.618 + 150MA support level.
Therefore, I bought few ARKK around $111.5.
Actually, the new economy stocks market still not great now and we don't know is that the correction completed or not....
So I would set my stop loss if ARKK broken the 200MA because it mean the uptrend is ended.
Please consider and control your risk in this hard penny market.
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
Bearish and Bullish movements of ARKKWhat is ARKK?
ARKK is an actively managed 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.
Who Runs it?
Catherine D. Wood (born c. 1955) is the founder, CEO, and CIO of ARK Investment Management LLC (Ark Invest), an investment management firm that managed the largest actively-managed exchange-traded fund in 2020. Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.
What about the performances?
On this chart, you can see that the overall return of ARKK is outstanding since inception reached a peak of almost 700% in 5 years. The idea of this post is to understand how impulses and corrections happen and the % we can see on each of them.
Since its inception, ARKK has had 3 impulses and 3 corrections. We will consider a correction as a 30% drawdown or higher. Why is this relevant? Because if we are interested in a good situation for buying ARKK, we should ask the question about selling periods and subsequent impulses.
Currently, ARKK is dropping 27%, and the next support zone is at 89.77. If the price reaches that level (that would mean that the market corrects (all of it)), we would be on a 44% Drawdown. From there, we would start thinking about how we can create bullish setups if the conditions are appropriate, and we would never buy a falling knife directly. We want to observe reversal signs before that.
Thanks for reading!
The Social Media Trading Bubble comes to its end..!While many people thinks when ARK invest touches anything it turns to GOLD, I believe another season has just begun for those who invested in ARK ETFs. In this season we will see everything will be burned into ashes!
First, let’s look at the numbers, and see the performance of ARK invest ETFs in the last 2 trading weeks! They are all sinking in Blood..!
PRINT: -23.16% in 9 trading days
ARKG: -21.69% in 11 trading days
ARKK: -21.06% in 8 trading days
ARKF: -18.59% in 5 trading days
ARKW: -18.41% in 8 trading days
ARKQ: -17.37% in 5 trading days
While people asking themselves which ARK’s ETF will perform better in 2021, now they should ask themselves which one will burn into ashes sooner???
Theme Investing
I believe the ARK’s CEO and her team members did not buy the Sci-Fi stories the told people on their social media, but they tried their best to sell it to others, and they were very successful..!
Look at the performance of these stocks, most of them skyrocketed 10x, 20x or even more in less than 2-3 years.
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CRSP, ROKU, SNAP, PINS,NNDM, WKHS, Tesla, and ...
Now as an example, I will explain CRSP and what ARK did with this stock.
There is no doubt CRISPER is one of the most important and disruptive medical innovations. Therefore, Jennifer Anne Doudna an American biochemist known for her pioneering work in CRISPR gene editing, awarded the 2020 Nobel Prize in Chemistry along with Emmanuelle Charpentier.
By a quick search on social media you will find ARK’s CEO talking about CRSP enthusiastically and the share price skyrocketed almost 20 times in the last 4 years. And if you see the ARK watcher, you will find out they almost emptied their portfolio from CRSP in the last 2 months and share price slipped from 220 to 125 since Jan 15th, 2021. Yet, I believe it could go down to 70 in the coming months!!!
The question is :
Is CRISPER not an innovative/ disruptive Genomic medical company any more? ( as a doctor and holder of M.D. degree, my answer to this question is : CRISPER is a disruptive Genomic medical company)
So the question could change to:
Everything ARK has talked about was not true? Or they don’t believe in the 3 trillion Genomic revolution they are talking about any more?
I believe ARK noticed a company with 719k revenue (CRSP)in past 4 quarter couldn’t have 15.5 Billion market cap, and they suddenly decided to insert the needle into the bubble they created in the first place, buy selling their CRSP shares!
Last words, I have a good news for ARK invest, Tesla chart is pretty much looks like CRSP..! So be ready for that bubble burst too!(Tesla is biggest part of the pie in most of ARK’s ETFs)
Time will show us the reality of the people’s claims..!
Moshkelgosha
What about 3 trillion promised genomic revolution?While many people thinks when ARK invest touches anything it turns to GOLD , I believe another season has just begun for those who invested in ARK ETFs. In this season we will see everything will be burned into ashes!
First, let’s look at the numbers, and see the performance of ARK invest ETFs in the last 2 trading weeks! They are all sinking in Blood..!
PRINT: -23.16% in 9 trading days
ARKG: -21.69% in 11 trading days
ARKK: -21.06% in 8 trading days
ARKF: -18.59% in 5 trading days
ARKW: -18.41% in 8 trading days
ARKQ: -17.37% in 5 trading days
While people asking themselves which ARK’s ETF will perform better in 2021, now they should ask themselves which one will burn into ashes sooner???
Theme Investing
I believe the ARK’s CEO and her team members did not buy the Sci-Fi stories the told people on their social media, but they tried their best to sell it to others, and they were very successful..!
Look at the performance of these stocks, most of them skyrocketed 10x, 20x or even more in less than 2-3 years.
-
CRSP , ROKU, SNAP, PINS, NNDM , WKHS , Tesla , and ...
Now as an example, I will explain CRSP and what ARK did with this stock.
There is no doubt CRISPER is one of the most important and disruptive medical innovations. Therefore, Jennifer Anne Doudna an American biochemist known for her pioneering work in CRISPR gene editing, awarded the 2020 Nobel Prize in Chemistry along with Emmanuelle Charpentier.
By a quick search on social media you will find ARK’s CEO talking about CRSP enthusiastically and the share price skyrocketed almost 20 times in the last 4 years. And if you see the ARK watcher, you will find out they almost emptied their portfolio from CRSP in the last 2 months and share price slipped from 220 to 125 since Jan 15th, 2021. Yet, I believe it could go down to 70 in the coming months!!!
The question is :
Is CRISPER not an innovative/ disruptive Genomic medical company any more? ( as a doctor and holder of M.D. degree, my answer to this question is : CRISPER is a disruptive Genomic medical company)
So the question could change to:
Everything ARK has talked about was not true? Or they don’t believe in the 3 trillion Genomic revolution they are talking about any more?
I believe ARK noticed a company with 719k revenue ( CRSP )in past 4 quarter couldn’t have 15.5 Billion market cap, and they suddenly decided to insert the needle into the bubble they created in the first place, buy selling their CRSP shares!
Last words, I have a good news for ARK invest, Tesla chart is pretty much looks like CRSP ..! So be ready for that bubble burst too!( Tesla is biggest part of the pie in most of ARK’s ETFs)
Time will show us the reality of the people’s claims..!
Moshkelgosha
#USetf #ARKK #ArkInvestment 4Hour CHART UPDATE! Waiting Entry!DAILY CHART: Here's TA on #ArkInnovationFund, especially for those who were caught in the -14% drawdown over the past 1 week.
Cathie Wood is not god, #Arkk is also impacted by technology sector pullback over the past week.
Looking for further possible downside to (124 - 128). Will price hold above (200EMA - 4hour Chart) and (100EMA - Daily Chart)?, and make a strong rebound?
As always, wait for confirmation in trend reversal before you consider entry! 😁
.
This post is just a personal opinion.
Always do your own research, risk analysis, and due diligence before executing any plans. 👌
#personalopinion
#technicalanalysis
#markettrends
Most probable scenario in the coming weeks for Tesla!!!Could Tesla slip to its 200 EMA level? Answer: Yes, Of course, it could!
Based on the 2 previous major corrections tesla had experienced in 2018 (when there was no pandemic), and the correction it experienced in early 2020 due to pandemic. During the 2018 major correction, tesla slipped 43% in 105 trading days and crossed below its 200 EMA, and in the 2020 correction tesla slipped 38% in 34 trading days.
So far Tesla has slipped 31% in 20 trading days, which means the correction in nature is pretty similar to the last 2 major corrections if it is not worse than them..!
Q: Would Tesla go down to touch its 200 EMA? Answer: we have to wait and see!!!
Moshkelgosha