Get started

ARKK

a weekly price action market recap and outlook - tesla #3Good evening and i hope you are well. tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish. Last week i wrote the following: "bear case: Price action wise was this a wedge bear flag which broke down and now market will test 175 if there are more buyers than sellers. Not rocket science so far." I still did not adjust my wave thesis since 2024-02-11. I added a sub w5 for the bigger w3 to make it clearer what i expect the next weeks. bull case: Do or die here at 170. The bear channel has to hold or we will flush down to around 150. If bulls manage to hold 170, we could probably see sideways movement to the upper bear channel, where i expect stronger selling again. Bulls can probably only stall the market until next earnings 2024-04-17 and pray for a elon miracle. bear case: Nothing bullish about this stock at all. Bears are in full control and selling everything. If they manage to break below the bear channel, the long covering will accelerate it to 150 but probably not much further before earnings. If earnings are as bad as i expect, the remaining die hard bulls will give up. Except for Cathy. This stock and her fund will go down in 2024. short term: below the bear trend line is hell for bulls - if we bounce here, probably sideways till earnings between 167 - 180 medium-long term: down - what would change that? trading above 270 --unchanged outlook
NASDAQ:TSLAShort
by priceactiontds
1
Thanks to BTC, a couple of Cathie Wood funds are about to flash 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 over the same period, making it another significant underperformer within the ARK family of funds. Despite the poor performance, ARK Innovation has continued to attract investors, who pay a 0.75% annual fee, illustrating that even during favorable market conditions, there is no any guarantee of success in investing. Ark Invest as well as lady Wood was all the rage in 2020 and 2021, when its concentrated bets on highly speculative, mostly unprofitable technology companies paid off in a big way thanks to low interest rates, monetary stimulus and a boom in risk appetite among retail investors. The ARKK ETF destroyed $7.1 billion in wealth, while its healthcare-focused ARK Genomic ETF destroyed $4.2 billion in wealth, according to Morningstar. Across all fund families that have destroyed wealth over the past decade, Ark Invest topped the list — and its losses with ARKK and ARKG were more than double the next firm on the list. Despite the massive wealth destruction, ARK Invest as a business is doing just fine. The investment company still has more than $13 billion in assets across its suite of all ETFs, signaling that not all investors have abandoned Wood's investment strategy. While the biggest value destroyers in the fund industry provide a valuable case study in how not to invest, and illustrate that there's no guarantee of success, even during a generally favorable market environment, let's take a look will recent spot BTC ETFs launch change the game or not. Cathie Wood’s Ark Investment Management LLC is snapping up shares of the firm’s just-launched spot-Bitcoin ETF as competition among the inaugural issuers escalates. A consistent bid from its sister fund could help give ARKB a leg-up in a highly competitive environment for spot-Bitcoin exchange-traded funds. The Securities and Exchange Commission allowed 10 such ETFs to launch on January 11, 2024, preventing any one of them from gaining first-mover advantage. That has set up an unusually high-stakes horse race, given that all the funds hold the same underlying asset. Funneling the firm’s own money into an ETF is one way to gain scale quickly — an important criteria for financial advisers and platforms, many of which have minimum-asset thresholds, according to Bloomberg Intelligence. Who knows what is next. But still it works so far, as ARK Fintech Innovation ETF (ARKF) with solid 13.84% stake on Coinbase NASDAQ:COIN , as well as ARK Next Generation Internet ETF (ARKW) with its massive 20% Double Powered 'Coinbase+BTC' cannon, both are on positive path in 2024. Technical graphs for ARK Fintech Innovation ETF AMEX:ARKF (upper chart) and ARK Next Generation Internet ETF AMEX:ARKW (lower chart), thanks to recent gains in BTCUSD and Coinbase (COIN), indicates on potential Reversed Head-and-Shoulders price pattern development, being topped off with huge weekly EMA(200) breakthrough in both cases.
AMEX:ARKW
by PandorraResearch
$BITO Ready to Run?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 of day. I like the fact that it is trading above the IPO AVWAP which means that by volume most shareholders are in the money. That means there is little overhead resistance at this point. It is also trading above all the moving averages. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
AMEX:BITOLong
by jaxdog
5
$FFTY Forming a VCP (Volatility Contraction Pattern)?AMEX:FFTY looks to me like it is working on a VCP with volatility shrinking and forming a nice wedging pattern. I like this pattern “IF” or when the market turns positive. Here are the negative things I see, as of now it is trading below or right at the 18-month AVWAP. It is right at shorter term resistance. It is below the downward sloping wedge trendline. And the RS is still declining. On the Positive side I see current price is about 11% below the 52-week high. Price is above all the moving averages including the 50 DMA and the 40 Week MA. Price is above the upward sloping wedge trendline. Here is my trading plan, if the overall market looks good, RS breaks above the trendline and price moves above the 18-month AVWAP I will start with a one-third size position. My stop will be price closing below the 50 DMA. If it breaks out over the wedge downtrend line, I will make it a two-thirds sized position. If it can consolidate without stopping me out, I will build to a full position on any resumption of the uptrend. All TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking. AMEX:FFTY The IBD 50 Innovator Fund is comprised of IBD’s picks for high growth stocks. The stocks represented turnover more often than most ETF’s.
AMEX:FFTYLong
by jaxdog
ARKK Innovation ETF - Potential Break OutARKK Innovation ETF I have been in since $45.87 with a small position. AMEX:ARKK is typically offered with leverage so if you do take a position keep it whimsical and margin high. For me this is a long term, very small position play but we could have a break out here, so i thought i would share. The chart speaks for itself, price has just raised its head above the high volume traded levels and may be breaking out of a head and shoulders pattern whose target matches the 1.618 fib ext and some prior resistance. A trade structure is here to be played and as always we have a KEY protective stop loss area. Stops can be placed from $44 - 47 depending on your risk tolerance. Main Concern: Volume had been descending on the longer term, however, short bursts still have provided a trade opportunity. PUKA
AMEX:ARKKLong
by PukaCharts
4
A clear risk on event is taking placeI 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 this chart at March 2020 and Feb 2016. I also noticed some more supporting evidence that this is near the bottom from the dark orange wedge breakout. If you measure the bottom to the peak in 2015-16 you can get an ideal exit target for the wedge breakout. Typically, you would measure from the breakout point, which it hasn't reached at this time, but if you measure from the bottom, you can see that the target has interestingly been reached to an almost exact amount. We also have the yellow resistance and the peak at March 2020 as a pivot point for all of these lines. Not too critical of a point, I just found that interesting haha. We also have institutions like black rock capitulating on growth twitter.com Many institutions were bearish on the market at the bottom of the covid dip. Finally we have a heavily overbought RSI and stoch on the monthly that also signals a top. Now the short term future outlook looks bullish on risk to me but I was thinking on potential long term possibilities from there: I believe that the yellow trajectory is more likely to happen over the blue one at this point to be honest. The blue option just requires too much competence in all global leaders to pull off so it seems unlikely to me and would be frankly miraculous. But it could still happen. The yellow one would basically give investors an opportunity to exit growth at more reasonable prices before the market continues its tank fest again. And while I have this pivot point at Jan 2024, it could happen much steeper and faster and pivot later this year. The yellow support line and the blue breakout line are most important to watch and see what option it'll be.
AMEX:SPY
by Lynxys
3
Now would be a good time to short the Nasdaq Index...Short term resistance has been met and the Nasdaq has just recently broken through its short term support. This would indicate to me a correction will follow taking the price of the Nasdaq back down to medium term support. After this i would exercise caution, any short term bounce may be followed by another breakdown in the medium term support. Then the Nasdaq may head lower into the long term support range which is typical after such a long bull run in tech stocks. The catalyst for this correction in tech stocks will be for the economy to rollover after the Fed's aggressive rate raising cycle.
NASDAQ:NDXShort
by WinstonWolfe
ARK Innovation ETF ($ARKK) Approaches Double Top ### Stock Market Update: ARK Innovation ETF ( AMEX:ARKK ) Approaches Critical Double Top #### Key Technical Level for AMEX:ARKK The ARK Innovation ETF ( AMEX:ARKK ) has reached a pivotal point on its chart, forming a Double Top pattern at $45.16. This pattern is a crucial indicator in technical analysis, often signaling a potential turning point in the stock's trajectory. #### Strategy for Long Positions For those currently holding long positions in AMEX:ARKK , this level presents a strategic opportunity to take profits. As the ETF approaches this significant double top formation, realizing gains at this juncture can be a prudent move, considering the potential for a trend reversal implied by the pattern. #### Guidance for Short Sellers For investors specializing in short-selling, the approach requires a bit more caution. If considering a short position in AMEX:ARKK , it's advisable to wait for a clear indication that the stock is responding to the double top formation. This could be a pierce through the $45.16 level or even a definitive break below it. However, a key tactic is to observe the stock's behavior over the following two trading days. Entering a short position is ideally done after witnessing two consecutive days of downward
AMEX:ARKK
by AlgoTradeAlert
$ARKK Inverse Head & Shoulders PatternThe ARK Innovation ETF ( AMEX:ARKK ) is currently displaying an inverse head and shoulders pattern on its chart, a formation typically indicative of a potential bullish reversal. However, for this pattern to remain valid, it's crucial that AMEX:ARKK does not close below the key level of $34.72 on a weekly basis. A weekly close below this price point would invalidate the pattern, suggesting a potential shift or continuation of the bearish trend.
AMEX:ARKK
by AlgoTradeAlert
ARK - Cathie Wood flagship ETF rising again LONGARKK double topped about July 19 and July 31st then downtrend until Fri Aug 18th, On this past trading day, the technology market moved higher lead by TSLA and NVDA. ARK reversed and started the retracement of the trend down. I see ARK targeting 45 in the mid Fibonacci levels and potentially beyond that to 47.8 being the base level of the double top. The stop loss is the pivot low on Friday as ARKK awaits a momentum boosting cross over the mean anchored VWAP. The two TF RS indicator shows the lower TF in green well over the 50 levels with the high TF black line lagging. The ZL MACD shows more confirmation. ARKK looks good to enter now. I will zoom from the 2H to the 30 minutes to find an optimal entry. I may take a large stock position and supplement it with a single put option for insurance against downside potential. I seek a 12-14 ROI on the stock trade and some multiples of that on a 2 to 3 week put option.
AMEX:ARKKLong
by AwesomeAvani