ARKK might be predicting a massive crash in the stock market...I can really feel the pattern but I don't have the 8 ball.
ARKK trade ideas
Rolling: ARKK January 21st 100 Short Call to 96... for a 1.23 credit.
Comments: The last of my Friday defensive adjustments/cost basis reduction rolls. Here, rolling down the short call aspect of my inverted short strangle, the short put end of which is at the 105 strike. Total credits collected of 11.45 (See Posts Below), so my downside break even is 105 (the short put strike) minus 11.45 or 93.55.
Is the carnage over for $ARKK?I'm a big fan of what Cathy and her team are doing research wise. I caught the uptrend last fall and made money. Unfortunately the Wall Street Fashion Show has moved on from the ARK line of stocks. I do have my criticisms of ARK: They have too many funds, trade too much and catch too many falling knives. These practices are amplifying the downside move IMO. The threat of rising rates, the falling out of favor with the fashion show, and the relentless rotation out of disruptive tech into physical economy stocks shows no sign of reversing anytime soon. POSITION: LONG $SARK - the inverse ARKK ETF.
$ARKK good longARKK, long position... wedge down, strong support, good volumes, good mom 40 good obv.... this is a nice long position
arkk headed for destructionovervalued bubble is deflating in an epic manner
come back in 2-3 years and this etf is going to experience much more pain
Cathie Wood needs trading intelligenceLove Cathie Wood's mental model for finding future opportunities, but, her lack of trading intelligence is her weakness. A simple algo with moving avgs and a few other simple addons would change so much.
Green Arrows = ATTACK ATTACK ATTACK
RED Arrows = PATIENCE PATIENCE PATIENCE
Raiders Of The Lost ArkCathie (fund) may have a nice bottom
But this ain't it imho
Wouldn't consider a buy until in Cathie's box
Or it hits the median line on the adjacent fork
Trade at you own risk
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ARK 8Hr chartArk is testing its support level, I'd say there's going to be accumulation starting through the winter. watch for the finishing of the Wycoff pattern
Ark Innovation ETF Analysis 10.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
ARK ETFwill see $77?
Let's see what will happen
In my point of view, it van happen if u know classic price action.
so let's buy in 2 step
first one $88~90
second one : $74~77
Money where your mouth is... ARKKI admire folks that are willing to put their trading out there for comment and criticism. It takes a lot of emotional control to trade in isolation much less when under public scrutiny. Cathie Wood was the idol of the trading world last year and widely followed for her style of exciting and parabolic investing as well as her public charisma and confidence.
There was one interview in particular (I wish I could find it now but she has done many) where she acknowledged that within her trading history she has had cycles of incredible returns invariably followed by large drawdowns. She gave this interview right around the peak of her funds' performance last year. Real recognize real. That she would openly acknowledge and admit that she had self identified this pattern of her trading spoke to my own journey and likely that of all serious traders. She had acute self awareness and in some way, in that interview and comment, was warning people to be cautious with her strategy at that current moment.
Now as her funds decline other traders are trying to make a name for themselves off her fall. One of which that has come to my attention is Puru Saxena. He is vocally short her funds and very bearish. That is fine for them to have a battle; no need for me to get involved. Cathie has her strategy focused on long term growth. Puru bases his strategy on macro. Neither are my game.
But now it gets interesting for me as a Technical Trader.
At the same time Puru is adding to his short AMEX:ARKK is sitting right at a 50% Retracement of the major trend. Over the last few days price spiked below this level only to recover quickly above it. These are my strategy.
So now I get to step into this battle by putting my own capital on the line. It's a low risk/high reward trade. Not for the money but for the validation of Technical Analysis versus macro.
ARKKARKK showing some strength but it is hitting the resistance. If it starts to consolidate at this level it could potentially start heading higher. But ARKK is still in a down trend.
ARK Innovation ETF - ARKK - Respect Cathie Wood's gansta! ARK Innovation ETF - ARKK - You have to respect Cathie Wood's gansta. Her fund may be pulling back but it out performed the Dow and QQQ by 3X before the end of February of this year. Edutainment Purposes Only!
ArkkSuper buy zone was hit 90& area was monthly and weekly support. If we lost it the sat level is 83$ I feel confident 90$ range will bottom this downtrend.
I will avoid trading below this trendline | ARKKToday, we will look at ARKK, one of my favorite assets to trade.
What can we see right now? The price made a new local low last week, which took us to a 42% decline since the previous ATH on February 2021.
As you can see, this scenario already happened in the past, and ALL the time, we saw new ATH coming after that. That's why it's important to define what I will be expecting before taking new bullish setups on Cathie Wood's ETF.
The main element I want to pay attention to is the current descending trendline. Below that level, I will assume that I'm not in a solid situation to develop setups. Therefore, I want to see a breakout of it FIRST.
Most of the time, getting great opportunities is a matter of patience, and the most important thing is that we can't force the market to provide us with an opportunity; we can only wait. And, at the moment, the price is on a clear bearish trend, far from our filter. So, this post is more about "what I will not do" rather than what I'm expecting. So, my conclusion here is:
Until I don't see a breakout of that descending trendline, I will not risk my capital, and I will keep waiting. Let's see how much time we should wait for that to happen. Maybe a couple of months.
Thanks for reading, and feel free to add your view or charts in the comments.
ARKK Reloading on MonthlyHard to say where the price will end, however we are very close to seeing the monthly macd crossover. IMO this is healthy and im overall bullish for this to reload for another run higher in 2022+
ARKK - Third Bear FlagInnovation Growth, BTC, and the 10 year note are under consolidation pressures as the bond briefly dropped below 1.35.
Rolled: ARKK December 17th 104C/106P to January 21st 100C/105P... short strangle for a 4.16 credit.
Comments: Late post. Rolled this on Friday with 14 days to go, improving the inversion by one strike on the put side, but widening it to sell the short call strike that was about half the delta of the short put. Total credits collected: 10.22.
This started out as a high probability of profit, delta neutral December 17th 106/135 short strangle (See Post Below), after which ARKK proceeded to implode, resulting in defensive short call rolls from the 135 to the 114 strike (See Post Below), and then the 114 to the 104 strike (See Post Below).
The end result is an inverted, 5-wide short strangle, with the short put above the short call and break evens on the down side of the short put strike minus total credits collected or 105.00 - 10.22 = 94.78 and on the call side of the short call strike (100.00) plus the total credits received of 10.22 or 110.22 and delta/theta of 29.71/13.08.
The underlying finished Friday's session at 93.53 relative to a downside break even of 94.78, so I'm not in horrible shape relative to if I had just sat there and watched in horror as the short call converged on worthless and the short put value exploded. Ideally, I get a bounce back to the mid point of the inversion (to around 102.50), but I'll continue to look to manage sides to keep the setup from getting too directional.
$ARKK puke not much different vs $QNET $PNQI - $NDX $QQQSeems all forget the growth puke FEB-MARCH, this is no worse. Prefer $QNET Nasdaq Internet as barometer for Tech /growth as around way before $ARKK /components very different.
Raiders of the Lost ARKKThis one was too PUNNY to pass up.
WOODS days of searching for lost treasuries is almost at an end.
Next Stop.. The bottom of the Ocean.
$ARKK - Hindsight 20/20I should have noticed the double top at the first fib retracement. There is some support between the next fibs.. but on lower volume. Hold on tight...
