ARKK trade ideas
How Fragile ARKK is?Those who investing in ETFs and Funds, are usually cautious investors!
But the question is how safe ARKK could be for the storm ahead..?
ARKK, rewarded the investors 384% in less than a year, but lost 34% of its value in 13 days!?!?
I believe after breaking its yearly trend line ARKK has a hard path ahead to reach new highs again, specially when Tesla the biggest portion of its portfolio does not perform well!
Since ARKK heavily invested in growth stocks, its worst days has yet to come. Although it could go up to 135-140, but we have to wait and see if there will be a new all time high in coming weeks??.
ABC BullishARKK may be setting up for round 2 (o: This one corrected between the 0.5 and 0.618 fib levels.
Possible resistance at prior gap down.
No bearish rising wedges noted in yearly chart. OBV and NV are both high.
Bearish divergence noted on leg up. Now price has come down and appears to be recovering. Many use the valleys of the RSI and price to look for bullish divergence and the peaks to look for bearish divergence.
ABC bullish pattern is a move down like the ABC corrective pattern, but in this form it can not have C under A, whereas in the corrective ABC pattern, C is below A. It gets complicated and some folks would rather use elliot waves, and to each his (her) own (o: We are all different. I have found this pattern to be rewarding because C is often as low as she goes and a great place to put a stop. Sometimes C does go lower and you end up with a double bottom. Some patterns just fail and that is life )o: All we can do is what we are capable of doing. Not everyone prefers pattern trading. Again, we are all different and that is what makes the world go around.
Not a recommendation.
Whatever cranks your tractor is the style of trading that may work the best for you (o:
ARKK: Sinking Ship, or Choppy WatersARRK caught in what I am going to call the Bermuda Triangle. Price will likely stay bounded within this until it decides which direction. Watch the key support-resistance triggers (red triangle) for price to tip it's hand.
US stock - ARKK chart update (8-Mar-2021)In US stock market, the index NASDAQ and Russell 2000 having a biggest correction since 2020 Mar.
And most of the new economy stocks dropped more than 20% like TSLA, SQ, PYPL etc....
Many people said ARK investment and Cathie Wood is bad/dead now....
Therefore, I would like to show my ARKK trading plan here.
For ARKK, it dropped more than 50% in only 14 trading days.
The 50MA, 100MA all broken, that's crazy....
However, I see there have some support around $110 - 112. (next support is around $104-$105)
This is the Fib Retracement 0.618 + 150MA support level.
Therefore, I bought few ARKK around $111.5.
Actually, the new economy stocks market still not great now and we don't know is that the correction completed or not....
So I would set my stop loss if ARKK broken the 200MA because it mean the uptrend is ended.
Please consider and control your risk in this hard penny market.
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
Long ARKK above resistence levelTouched 0.236 fibonacci levels and saw reversal to 0.5. There may be a bit of a resistence here as it finds support at this level.
MACD and RSI also turning up. Will enter on 3D EMA crossing 8D EMA.
Nice entry here to piggyback off this reversal. Buy the dip has been the trade. Well, there you have it everyone: a dip!
But there's a massive risk, of course....
The fed is closing most of its Covid crisis emergency facilities!!
FT, "Federal Reserve to close most Covid crisis emergency facilities", MARCH 8 2021
And there's still much uncertainty about SLR forbearance, which if cancelled, could add trillions back to SLR calculations.
“The biggest forbearance measure was a move by the Fed in May to exclude treasury bonds and central bank deposits from the leverage exposure measure. That wiped $2 trillion off the SLR denominator, including $619 billion at JP Morgan alone."
"Just one of the regulatory changes implemented by the fed in the response to the economic shutdowns would have reduced the denominator (total assets) for calculating the SLR by $3 trillion for the 6 largest banks (regulatory balance sheets)..."
"...without three critical forbearance measures, some banks such as Citigroup or Goldman Sachs would have been just 30 basis points away from the minimum, which would prompted the Fed to restrict their trading and lending activity.”
--Risky Finance, November 2020
Mnuchin also surprised markets back on November.19th when he requested that all unused feds offered by the treasury be re-appropriated, something that many market participants did not see coming.
“With respect to the facilities that used CARES Act funding (PMCCF, SMCCF, MLF, MSLP, and TALF), I was personally involved in drafting the relevant part of the legislation and believe the Congressional intent as outlined in Section 4029 was to have the authority to originate new loans or purchase new assets (either directly or indirectly) expire on December 31, 2020. As such, I am requesting that the Federal Reserve return the unused funds to the Treasury. This will allow Congress to re-appropriate $455 billion, consisting of $429 billion in excess Treasury funds for the Federal Reserve facilities and $26 billion in unused Treasury direct loan funds,” said Secretary Steven T. Mnuchin.
Might update later..And just an idea of course! Invest @ your own discretion!
$ARKK Bounces in Wild FOMO Scramble off Big Technical Signal$ARKK has been the soul of the bull market over the past 6 months.
It has been crushed in recent weeks, but just hit key level support in step with an RSI bull signal last seen at its pandemic crash March 2020 lows.
Is $106 the Bottom for ARKK?1. Strong downward bear trend across the board due to rising treasury yields.
2. ARKK is tech heavy.
3. ARKK has weeklies with high IV.
4. Treasury Bond Auction tomorrow at 1PM EST.
5. Strong rebound off $106, $106 being the bottom of a long bullish trendline since July.
6. $122-$124 may be short term bearish resistance.
7. All the short term indicators say that it's overbought, meaning it can sell off more.
8. The daily RSI and Stochastics are extremely oversold, pointing to buying the dip.
9. Support levels have been breaking everywhere, last support level for ARKK was $125.
ARKK, TIME TO BUY?Hello fellow traders and investors, here's another trade idea.
ARKK has recently pulled back to the trendline. If ARKK makes a full recovery it offers a 30% ROI.
Technicals:
The Macd indicates that ARKK is oversold
The Macd indicates that ARKK is still in a downtrend
The Ema's indicate that ARKK is still in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
I recommend selling at its previous high which offers a 30% ROI.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like and follow, Thanks.
arkki got shaken out of arkk yesterday, but i'm going to buy in at the yellow wave 2 for a strong momentum play ~
Quite the comeback..(CNBC) On Monday, the Nasdaq shed 2.4% to close more than 10% below its Feb.12 high and falling into correction territory. High-growth names have been pressured lately as rising rates make their future profits less valuable today, making it hard to justify the stocks’ lofty valuations.
Updating the rest later
Your ARK has arrivedIf you're a believer in Cathie Wood's ARK 5 year vision, your time has come. ARKK has fallen to $109, a price seen 6 months ago in Oct 2020. Red circles on RSI(14) chart show how rare these events are.
ARKK Time To Put This On Your RadarAs we watch this name collapse keep it on your future long list looking for more downside from here Not advice
ARKK i think ark has founf bottom for now, it could retest before moving higher, should support break we could see as low second line. good luck
ARKK: four scenarios from hereARKK is selling off harder than the market this week. It's being attributed to liquidity issues and fund outflows. But technically speaking, the issue is that the ETF is simply correcting back into longer-term channels.
Where to go from here? In the past few years, ARKK has rallied well when the RSI(7) exits oversold conditions the second time in a row. And it has seen bounces off levels on the first instance of being oversold on the RSI(7).
RSI(7) is presently oversold. Look for a bounce in the next few sessions, and then a retrace. Plan to get aggressively long same session to a few sessions after that occurrence, when it will exit oversold conditions for the second time.
$ARKK Oversold buy...duhCHART
Long wick hammer on support
Held 61.8% Fib
RSI oversold
Highest Vol since base +286%
Three Black Crows sit on ARK Invest shouldersAfter -26% loss in less than 3 weeks, I’m pretty much sure this will continue another 15-20% in the next 1-3 months!
We should wait and see if her portfolio manager could keep his sit at Ark invest!
When you underestimate the power of a scared little investors, this will happen!
It takes years to build a trust, but it takes seconds to lost it once and forever!
ARK invest had benefited the most from social media ands its power to seduce people invest in overvalued stocks in the last few years. While many people thinks ARK is progressive investing firm, I believe they do nothing but massive scale PUMPS & DUMPS using the power or of social media..!
You don’t believe me, check ARK watcher and see how they emptied their so called disruptive medical and technical companies! For instance,They sold all their Crisper stocks a few months after its founders received NOBEL PRIZE. But you know what, they pumped it from 12 to +200 in a couple of months..!
History will be the best judge..!
