ARKK Trendline breakdownMaybe there is weakness in speculative / growth. US Tech 100 looks strong though. Let us see what happens tomorrow. Still think everything rises tomorrow.
ARKK trade ideas
Sunday Prep 8/01 - $ARKK SHORTThis name is really struggling to reclaim the 200d and now has the 20d about to cross underneath the 200d. Not to mention that this etf is compiled of a TON of names that individually would fit perfectly on this section of the Sunday Prep. Will be watching this week to see if it stuffs the 200d and then will be looking for lower highs to join trend. If it just flushes off the open Monday and loses the 50d, I may look to get involved lower. If it loses lasts week’s lows it’s in trouble.
assess risks before entering a bullish tradeTrend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator.
Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears).
Diagonal lines from Fib channel/fan are for trend-determination and additional levels for active trading.
The market is actively moving so the entries and exits constantly change. Trade small if you want to practice!
ARKK of a DiverOverexposure to TSLA as well as Small Cap exposure will see ARKK shed 50% from its Highs.
Minimum.
We sold 122.88 and see 103 as our initial Target.
Swing trade opportunity in ARKKthis is a trade set up for the next 6 wks.
closing above 127 makes this obsolete!
ARK - Bring Investors along with Investment "Themes" - Eat ThemDeep Learning, Data Center Paradigm Shift, Digital Wallets, Virtual Worlds,
Bitcoin Transition, EV's, Autonomy, AeroSpace, SLA (aka 3D Printing) and
Genome Science.
To ARK's credit - Transparency is not an issue, providing relevant and
timely information to Investors is a large "Chit" in CW's corner.
To ARK's debit - Youth, relatively new to Investing has adopted the
TESLA Witch without prior knowledge of Events of the Fourth Kind.
Ignorance of previous TTIDs is no excuse for remorse.
Kathy speaks well to the DOTCOM Era rehash, she is, after all, well spoken.
And yet so were a great many during the DOTCON Era, the similarities are
astounding frankly.
She reminds me of a younger, more aggressive Jim Crammer.
Very few remember Jimmy blowing up his own Hedge Fund, instead their
timeline appears to begin an end with "Mad Money" - the Money Honey, Joey K,
etal into the Becky Q / Warren Buffet love affair.
The frenzy can be illustrated by ARKs Capital Under Management - ARK grew
50% in just shy of Six Months.
Passive/Aggressive Investors tossed loads of Capital into ARKs pond.
I've watched Kuh Kuh Cathy invest in some extremely risky Small Caps from Israel
for the purpose of simply creating a chase.
ARK is exceptional at this strategy - and why they are only too pleased to provide
timely updates to their Portfolio adjustments... They create a chase outside the fund.
"I'll just follow Kuh Kuh and buy what she buys - but on my own account, no need to pay
fees when she is guide."
Kuh Kuh's strategy of concentration worked until it did not as there is only so much Junk
one can buy, she became a primary Seller as chasers became late entries or "Disrupters"
to her Strategy.
Smaller, less liquid stocks are outsized positions in ARK's Innovation Fund as well as her
stable of Funds.
Simply put - Kuh Kuh has become the Egg Man.
ARK trapped itself, a post-DotCom Ponzi which has experienced its own disruption
as the Innovation's Fund Share price took a very large clipping.
The first rules of investing - Kuh Kuh thought she was smarter than basic math.
Investing in high-growth, over-valued, hyper sensitive Small Cap Tech has never been
a diverse strategy, it is one of concentration and immense Risk.
Market rotations only serve to compound the Price destruction.
Stable swapped for Speculative... is not management, it is Degenerate Gambling.
Kuh Kuh's Management fees are 25X competitors.
Look before you leap passive/aggressive, Kuh Kuh eats her own.
The ARKK is going to sink...and only bears will be saved!Considering JPM recently released their views of Cathies outlook, I did a deeper analysis for some bearish PTs. Seems like 88 is in the cards!
I find it's best to invert the chart. I used fibs, then fib extensions, and some MA's, plus an anchored VWAP. I think we're going to get this quick bounce to 122, then we're going to breakdown. Stop is at the 0.61 fib of this most recent bounce (which puts us around 128 as a stop).
However, this could be a bear flag (and since it's flipped....bullish!), so we'd want to get out at around 127-130.
Good Luck!
Ready to Bounce?Could be ready for a C wave in a larger flat, or a more bullish wave 3 in an impulse.
Rough water ahead for the ARKKI'm potentially bullish after the 1 week death cross, as that was an indicator previously of a rebound.. I'm not so sure that is the case this time around.
What confirmations would you look for before going bullish on ARKK?
Opening (IRA): ARKK September 17th 102 Short Put... for a 2.44/contract credit.
Comments: Laddering out a little bit in ARKK, whose 30-day's still fairly decent at 47.2%. 2.45% ROC at max. I now have two "rungs": the August 20th 110's and the September 17th 102's. Generally, will take profit on approaching worthless or take assignment if that happens, sell call against.
ARKK LongARKK touching the bottom trendline, MFI and RSI oversold on the hourly, and gap filled? My guess is a bounce tomorrow. Not trading this one though.
Time to Add Onto ARKK Position?ARKK appears to have regained bullish strength after rallying above a strong level of resistance now flipped into support. And looks to be currently consolidating on-top of it. All of these are very bullish signs.
Keep an eye on the start of the new week as ARKK has already confirmed a full body candle close above the key weekly support level. How it starts out of the gate this week will be key. If it begins Tuesday in the green, a quick 6-7% pump could happen to retest the upper resistance at around 134.75 - 137.35 approximately.
A long seems safe right now but it will be worth monitoring as the daily RSI is nothing to brag about currently. Tight stop loss at 127.67 would be wise.
ARKK - Projection PathSee attached projected weekly path for ARKK
Top 5 Holdings include:
TSLA - 10.25%
TDOC - 6.09%
ROKU - 5.71%
SQ - 4.65%
SHOP - 4.23%
ARKK Hugging ResistanceInteresting stuff. Hugging the resistance line I drew a while ago. Watching closely.
Opening (IRA): ARKK August 20th 110 Short Put... for a 1.95/contract credit.
Comments: One of the few remaining exchange-traded funds in my options highly liquid list with 30-day implied greater than 35%. (The others are MJ, XBI, and EWZ). Here, selling the 16; 1.80% ROC as a function of notional risk.
