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ARK Innovation ETF

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ARKK trade ideas

Humans Never Changeโ€œTwo things are infinite: the universe and human stupidity; and I'm not sure about the universe.โ€ โ€• 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 2020 and has popped already. One of the best trades of this decade will be buying ARKK at around 25 bucks a pop and riding it up to new highs over the following years. That's a huge return with very little downside potential. I will load up the boat when we get there. For the shorter term, you can see that this fractal expects us to see another rally of ~50% in ARKK, but DO NOT FOMO into this rally. It will be a fake out, and followed by more blood. I will take this as an opportunity to sell off my currently underwater Coinbase, Palantir, and Netflix stock holdings personally, since I expect they will follow ARKK for a fresh low. Thanks for playing.
AMEX:ARKKLong
by bowtrix
1
ARK Innovation ETF USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
AMEX:ARKK
by Sunstorminvest
I Knew Why Investors Switched To SARK....ARK's Wood sees global recession, blames market selloff on Fed hike plan. It would be scary to see massive drawdown on this hot ETF a couple years ago... The global economy is in recession and recent stock market volatility is a sign investors believe that the Federal Reserve's plan to continue hiking interest rates is too aggressive, star stock picker Cathie Wood said in a webinar on Tuesday. Wood, whose ARK Innovation ETF (ARKK) outperformed all other U.S. equity funds during the pandemic rally in 2020, said slowing economic growth will likely benefit the type of innovative companies that the fund invests in. "There are a lot of indicators to us that we are in a bit of a bear marketโ€ because of the Fed's expected plan to increase rates by 50 basis points at its June and July meetings, Wood said. "The markets are speaking pretty loudly right now and seem to be calling into question the Fedโ€™s strategy." The benchmark S&P 500 is down approximately 16% for the year to date, near the 20% decline that typically signifies a bear market. At the same time, "innovative" companies are being subject to "incredible" shorting activity, Wood suggested, pushing stock prices lower. "If we are right, then shorts will be forced to cover and we are certainly looking forward to that time," Wood said. The $7.9 billion ARK Innovation Fund, which gained 2% in Tuesday trading, is down 57.6% for the year to date. Overall, the fund is now down nearly 75% from its record high in February 2021, and close to the low of $34.69 it touched in March 2020 at the start of the coronavirus pandemic. The fund added a position in General Motors Co (GM), largely due to signs it is "serious" about its move into electric vehicles, the company said during the webinar Tuesday. Tesla Inc (TSLA) remains its largest overall position. Despite its losses, ARK Innovation continues to draw the interest of investors. The fund has received positive inflows on net over the last 4 weeks, including $455.7 million in net inflows the week that ended May 4, according to Lipper data.
AMEX:ARKKShort
by DevilTrader168