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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 market” 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 Fed’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
ARKKThis ARKK is sinking Continuation of uptrend started Mid to late April 2020 and it came to an end Feb. 2022 From there price made a very sharp drop to 107.50 area and attempted to make move up and made 1st lower high. Price then continued to move sideways and made a second attempt to higher prices and failed to make higher high. Nov 2021, price broke down from support sharply. There is also a death cross of 50 & 20 ema signaling bear market. Start of possible downtrend. Price then pulls back in form of a symmetrical triangle rejecting 20ema. The triangle breaks down and makes shape move down. Downtrend confirmed. Currently, price is pulling back in form of bear flag. Price is also still rejecting 20ema. Price pullback is also at 0.382 fib level. We are in obvious downtrend with the stock. Will be entering trade to short Entry: 71.85 Stop loss: 81.58 Target: 51.51 – 1.97 RR ratio. Or trail with 20 ema
AMEX:ARKKShort
by rudcharts
Correction Near Over.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 some more downside here but what I believe is that we're near the end of this correction - I have marked our wave 4 low as typically corrections will target the previous wave 4 but I'm not too sure we get to $33~ - we have also broken our 0.5 fib retrace of the whole move and wave 2s typically target 0.5-.618 retrace.
AMEX:ARKK
by Swoop6
1
ARK testing some major support levels!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 to the 2021 high clusters with the 78.6% fib of the final surge into the all time high 3. Also like how this area is where the market went rangy before the Covid crash busted through the range's lower end. Time was spent here, looks like a "market memory" zone Let's see how the weekend goes.
AMEX:ARKK
by CMT_Association
2
Is this the Bottom for ARKK?US Fed is likely to FLUSH OUT weak traders this week, possibly setting up for a big shift in how capital is deployed across the globe. My opinion suggests capital will continue to rush into undervalued US assets as the US Dollar stays strong. If the Fed comes in at 25 to 50pb today for the rate hike, I see this strengthening many US stocks and potentially weakening global economies under extreme debt levels. Things could come fast-and-furious over the next few months. Pay attention to my research.
AMEX:ARKKLong
by BradMatheny