ARKK break down from a descending wedgeI would like to see bullish momentum break off this low, may not happen but its a set up I like to see
ARKK trade ideas
ARKKDaily Report
ARKK looking bullish in the short term. ARRK has a breakout on the RSI so it looks like it is headed to the 91 resistance level but before it can do that it has to break the downward blue trend line. I want to note that ARKK is still in a bear market so any run up will most likely be met with selling.
$ARKK - Highest weekly volume in its existenceVolume is a truth indicator. Last week's volume was the highest in the history of $ARKK. I think we have found the floor. Price action today is likely a lot of shorts covering. I would expect to consolidate around these levels for a few months before any major upside movement, but this is a good level to start adding to your growth portfolio.
ARKK: IS TIME TO BUY?In my opinion start to accumulate in this range is a good bet for the long term.
Trading Psychology 101If you're new to the stock market like me, you will quickly learn this lesson if you haven't already.
My lesson was a little more violent when VIAC took a nose dive.
I went straight from Euphoria directly to Capitulation. That was fun.
One could argue that Woods has been targeted by Wallstreet Elite, very similar to the legendary degen Bill Hwang.
But I quickly learned that was just my Despondence and Depression.
If your in the same boat (titanic) as I was.
Don't get down on yourself too much or you will miss the best opportunity yet to come.
Biggest problem facing new investors (including myself) is finding the bottom or learning to trade down.
Good luck out there. Trade safe.
ARKK setting up for a reversalArkk has pierced the 200wma similar to how it did during covid. Can it go lower? yes.. but when it reverses I would expect it to go up at the same rate it went down into the $120 area. I would not count on ath since a lot of the names that rallied hundreds of percent after covid in this ETF are 80% down and don't look like they will get to ath anytime soon.
Arkk - at amazing confluence - should be bottoming Jim Cramer just came on and said sell it all, right at the bottom, perfect. Huge capitulation wick, I think it's time to go long.
Rolled: ARKK March 18th 103.22 Short Put to April 14th 103... for a .10 credit.
Comments: Rolling this out on strength to lock in the gain experienced by the 103.22 (which it quickly gave up during the day), improve the strike slightly, and to keep some extrinsic in it. I'm still looking at the deep in-the-money short put as functionally long stock that I'm short strangling with the March 18th 59.22/81.22 to reduce cost basis. I've collected a total of 22.68 in credits, so my break even is 103 (the short put strike) minus 22.68 (total credits collected) or 80.32 relative to where the stock closed today at 69.03, so I still have some cost basis reduction work to to do.
Be on the right side of change. Tuesday, Jan. 25 ARK sumitBe on the right side of change is a fancy title for an investment company that lost 23-25% of the value of their 4 main funds in the past 16 trading days!
No need to say that these funds had lost 17-34% of their values in 2021.
I think it is crucial to be on the right side of the change, otherwise...!
One of my favorite Youtubers is Ozzy man, he has a series called Destination F..!
It is a compilation of failures, he usually says: Someone is definitely ending up in destination F regarding their employment status over this.
(being on the wrong side of the change)
Market sentiment has changed a lot and those who are on the right side of the change are sitting on piles of cash or shorted the market..!
Each candle shows 1 year.
ARKK - Hydrophones Picking Up Crush DepthNoise has given way to a creaking Hull.
This JUNK ETF was doomed, it took some time, but
our $64 PO is coming into view.
Cathy has gone from Hero to Goat with her JPM
cohort - Tom Lee, the other Carnie.
_____________________________________________
I detest lying shills.
cathie generational imo generational bottom is in for ark innovation after a 60% brutal wipe... perfect r/r
ARKK Bounce - Call SpreadARKK bounce off of bottom of channel, retrace to mid channel/LVN/fib level.
Oversold long term and short term stochastics and oversold RSI
PT #1 = $88, PT #2 = $95.
Using call spread 25 Feb 2022 +BOT C85 / -SELL C110 for $1.28 debit AMEX:ARKK
ARKK Monthly UpdateUpdate on ARKK Monthly Reloading. Looking like there might be some more pain in bound. MACD is still pushing down and its looking like it could hit the MA at the bottom of the fib channel. It's easy to kick ARKK while it's down but you can't ignore its past wins and its potential to win again.
ARKK parbolic ARkk update I posted this chart originally in March 2021, linked below, we have now reached the first corrective target.
Do you know how hard is to revrse a 55% decline?I have written more than 20 analyses on ARKK since 2021, none were Bullish!
I even compare it to the NET NET fund during the .com Bubble..!
To all those who are loyal to ARK, now you need +122% to get to the same level Of February 2021..!
This number will be increased to 200-300% in the next 2 months which makes it almost impossible!
The celebrity fund manager will soon be overthrowing..!
It pretty much smells like 2008..!
Reviewing the comments below my previous ark post will be fun these days..!
I might have limited knowledge about the market, but I'm confident that I understand 2 things:
1- Bubble
2- Turning points
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
$ARKK AnalysisWeekly 200 ema MUST be reclaimed
Again, $70 must hold for bulls to have a shot at a reversal this week
.786 retrace confluence with $60 support level
$ARKK AnalysisA=C extension confluence at $70 support level
If $70 fails to hold, $60 test will follow
Cheap can always get cheaper
Opening: ARKK March 18th 59.22 Short Put... for a 1.83 credit.
Comments: Here, I'm basically treating the deep ITM 103.22 short put as stock with the 81.22 short call making that aspect of the setup -- the 103.22P/81.22C -- functionally a March 18th 81.22 covered call. I don't want to widen the inverted strangle further by rolling down the short call, since that would be the functional equivalent of selling a call below my cost basis, which I generally don't like to do.
In essence, I'm converting this into a March 18th 59.22/81.22 covered strangle with the 103.22P standing in as my stock. I've collected a total of 22.58 in credits which makes my cost basis in my "synthetic stock" 103.22 - 22.58 or 80.64. The downside of doing this is that this makes the setup more net delta long, which will make for additional discomfort if this POS can't find a bottom somewhere.
The Right &The Wrong side of the Equation (-51.29% /232 days)!12 years ago when I started this journey(trading/investing), I told myself: you have to review the background of the most successful traders and investors and pick the bullet points that work the best for you!
Before I came to the US 2 years ago, I have never heard about ARK invest. I remember the first time I search for the best-performing hedge fund in the past 5 years, ARK invest and Cathie Woods.
I was reading about their strategies and checked all their fund's holdings one by one, I built a watchlist of ARKG, ARKK, ARKW...etc.
From the fundamental point of view, I noticed they invest in companies that barely have revenue and if they generate revenue they are not profitable and will not become profitable in the next 5 years!
Moreover, they have invested more than 99.9% of the funds and it will limit their action!
Another common feature between their investing was a beautiful story and multi-trillion dollars disruption!
Usually, they mention 30 trillion dollars in their interviews..!
The bigger Fool theory:
Story of Fake gurus on YouTube: I notice there are lots of YouTubers with the same mantra: "I buy because ARK invest has bought", some times even a rumor was enough to cause the price jump, like BNGO's +3000% move in less than 40 trading days!
By the time I found out Bill Hwang was the one who provide the seed money for the first 4 ARK's funds I became confident that something must be wrong..!
After finishing my research, I have published more than 20 short articles on ARKK and other ARK funds in the past year, Althogh, I received much criticism, today ARKK is trading -51.29% from its All-Time-High..! and I'm confident that is not the end of the story..!
I think in the best scenario it will go down to 60, and the worst scenario could push it down to 30-35..!
You may think I am crazy, but reviewing Cathie Woods's performance in 2008, shows her disruptive thematic investment had -38-48% performance!
In the past year, those who hold their positions were on the Wrong Side of the Equation..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
ARRK ETF Underwater & Under PressureIn this update we review the recent price action in Cathie Woods banner ETF and identify a couple of potential high probability trade location and potential price objective to play for.
$56 price target. Save some Cash, Start Nibbling from lower 60s. But Best Time to enter would be Jul 22, But more importantly Dollar Cost Averaging. ARK funds are a long term play. It was never meant to Rocket Up the way it did during Covid 2020. Now after its back to earth, look for 5-7 years steady growth.
