Ark Top ark holdings Names are too oversold by now including zoom and roku. I think this etf will bounce off this support level for a pullback , just a pullback I donโt think it will reach all time highs levels ever
ARKK trade ideas
ARKKSmall put position over the weekend in this name. The thinking for this is basically sector rotation. Large caps had a nasty week while ARKK names held up (hence the rectangle this name has been in since last Friday). Breaking down today out of the rectangle and also looking like another false breakout of the trendline. Looking for downside in ARKK names next week if large cap tech names hold up.
$ARKK started to act betterBroken down names that feature heavily in the $ARKK ETF have started to act better in the past 2 weeks. The overall ETF built a promising bull flag above the 8EMA. A close above $45 for this week opens the chart for higher prices. Our target for the coming period is $52.
Long ArkkStarting to build a big ARkk position, going to sell at the 50 day, then buy back if we can hold over. May be the play of the next 5 years. The tech narrative will inevitably return.
ARKK/QQQ - Potential bottom?ARKK is trading at an all time low relative to the QQQ. At just over halfway through the month, continued strength for the remainder would form a bullish monthly candlestick indicative of a possible reversal incoming.
Relative strength in the highest risk assets would be the first sign of a market bounce or bottom.
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ARKKRespecting the downtrend with the exception of the false breakout on Fed day. Long wick on the weekly candle last week. Hard to short down here but also hard to long so just observing for now until something changes.
๐๐ฅ๐ ๐๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐ผ๐ป ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ: $ARKK Daily. 35!!!All the way down to 35!! 5 waves up in '20-'21 and looks like 5 waves down in '22. Good spot for a bounce
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Cathy Wood is bad at this.The trend is not Ark's friend. Let's see when they finally break out of this curve....
ARKK: HUGE DISCOUNTHi guys, many of you don't love Cathie Wood, but here is the time to change opinion.
The next run will be massive, u can't lost it.
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 Fedโs 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.
ARKK Shortplease do your own analysis/research and make decisions based on own assessment.
i am not responsible for your decisions/outcomes.
ARKx breaking the lows !!This was to happen ... i am not sure if buying the dips is as effective strategy as claimed by Mrs Wood. Tops were in FEBRUARY 2020 while both SPX and NDX were making higher highs. Was she simply buying wrong names and not admitting to mistakes ....
$ARKK bottom somewhere between $45.92-60.02?Many people seem to be interested in going long $Arkk because it's already fallen substantially. However, the chart tells me there could be continued downside to come over the next 2-3 months.
I lean towards the bottom not being until we hit $60.02-45.92, and my bias leans towards the middle to lower support being hit before seeing a trend reversal.
Stay safe out there.
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 โ 1.97 RR ratio. Or trail with 20 ema
ARKK: Cathy Wood is being taken to the woodshedARKK may be worth a buy in the $40-45 range, but it's not one that I am interested in taking. It's full of junk.
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.
Would anyone believe $ARKK up 60% by 4th of July? No one thinks that. So it is more probable. Sentiment.
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.
$ARKK short biasDistribution before another leg down. A lot of volume done in this area pre-covid. If it goes through this thing could undercut covid low.
Short $ARKK $84.42Short $ARKK $84.42. Appears to heavy sell off. Downtrend will continue in my opinion. $ARKK walking on very fine line of support. Any further sell off below $85 area is not good for the $ARKK. Trading below all major moving averages. MACD turned negative recently. Current support level $85 area. If broken below then expect short target 1 is $73 area in coming weeks followed by short target 2 $62 area.
