double tops usually dont end wll for longs! .-.SARK double top from resistance and also breaking below local trend support on heavy sell volume.
bearish setup, targeting 57.9-54.9-51.9
SARK trade ideas
Buying SARK vs Shorting ARKKFirst, let's look at SARK:
The Fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF.
What is a Swap Agreement?
Swaps are financial contracts in which two counterparties agree to exchange or “swap” payments with each other as a result of such things as changes in a stock price, interest rate, or commodity price.
Difference between Swap and Short Selling:
If you short ARKK you need to cover your short position, but buying SARK decreases the possibility of a short-covering rally..!
Short covering is generally responsible for the initial stages of a rally after a prolonged bear market or a protracted decline in a stock or other security.
Education:
Total Return Swaps
A total return swap gives an investor the benefits of owning securities, without actual ownership. A TRS is a contract between a total return payer and total return receiver. The payer usually pays the total return of agreed security to the receiver and receives a fixed/floating rate payment in exchange. The agreed (or referenced) security can be a bond, index, equity, loan, or commodity. The total return will include all generated income and capital appreciation.
Assume Paul (the payer) and Mary (the receiver) enter into a TRS agreement on a bond issued by ABC Inc. If ABC Inc.’s share price rises (capital appreciation) and pays a dividend (income generation) during the swap's duration, Paul will pay Mary those benefits. In return, Mary has to pay Paul a pre-determined fixed/floating rate during the duration.
Benefits: Mary receives a total rate of return (in absolute terms) without owning the security and has the advantage of leverage. She represents a hedge fund or a bank that benefits from the leverage and additional income without owning the security. Paul transfers the credit risk and market risk to Mary, in exchange for a fixed/floating stream of payments. He represents a trader whose long positions can be converted to a short-hedged position while also deferring the loss or gain to the end of swap maturity.
The Bottom Line
Swap contracts can be easily customized to meet the needs of all parties. They offer win-win agreements for participants, including intermediaries like banks that facilitate the transactions. Even so, participants should be aware of potential pitfalls because these contracts are executed over the counter without regulations. (Investopedia)
Example:
Conclusion: SARK could reclaim its previous high in 5 weeks.
Best,
Dr. Moshkelgosha M.D
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.
* I have a long position.
Reference article:
www.investopedia.com
Tuttle Capital Innovation ETF USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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Betting against ARKK is my speciality..!Tuttle Capital did a great performance of +102% since November 9th, 2021..!
This result will shine more when you compare it to the -19.58% return of NASDAQ 100 in the same timeframe..!
I believe after a slight pullback, it will be among the winners of 2022..!
Reading this could be fun:
At the Dynasty Financial Partners' 2021 Investment Forum, Wood shared her thoughts to Bloomberg:
"This is what makes a market, right? I never worry about anyone shorting the stocks underlying Ark or with this new ETF, because if we are right, they are going to have to cover their shorts and that will be another source of demand for the stocks in the future. I like skepticism, and I feel much better when there’s a good give and take."
What if they were right???
ARKK is now -57% underperformed in comparison to NASDAQ 100 since inception in 20115..!
It is very unlikely that ARKK survive 2022..!
Best,
Dr . Moshkelgosha M.D
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.
Results of trades to help Ukranian refugees..!let's review the analysis I published publicly in the past 10 days and asked people to share some profits with Ukrainian refugees!
1- VLO: +8.76%
2-SVX:+8.28%
3- SLB:+11.48%
4- XOM:+2.22%
5- MPC: +2.17%
6- COP:0 neutral
7- PSX:-3.2%
8- WFC: Stop reaced-3-5%
9- BABA: stop reached!-3-5%
10- SARK: Target reached +15.7%
11- Bitcoin (short) +11%
12- Ethereum (short): +12%
As you see 8 out of 12 stocks were positive and one neutral and 3 ended the week negatively and reached their stop loss!
4 trades with 11-15.7% profit, 2 trades with +8%
This week S&P500 was 1.8% negative..!
Please do not forget Ukrainian refugees if you made some money!
and write a comment if you already made your donation..!
Best,
Dr . Moshkelgosha M.D
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 != InnovationIf you don't want to accept the reality that Ark invest is in a downtrend, you will pay for it..!
this is its weekly chart:
2 weeks ago Cathie Wood told CNBC: " People betting against us are shorting innovation"
No, we do not, we bet against the social media created bubbles,
We bet against your old investing style that failed in 2008 and pushed you out of business with -a 48% loss back then..!
Millennials could be fooled by this Sci-Fi story you guys publish every now and then, but we did our research..!
And we make money while you lose it..!
Reference Link:
youtu.be
Best,
Dr. Moshkelgosha M.D
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.
A review on my SARK analysis published on February 14,2022About Tuttle Capital Short Innovation ETF
The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, the price and yield performance of the ARK Innovation ETF (the “ETF”). The fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF.
Entry: 42.5-45.5
Stop loss: close below 41
Reward/Risk: depends on entry and target
Target range: short term 53 midterm 63
Time Frame: 2-6 wks
Possible gain: 20-42%
Possible loss:10%
Position size: 5 % of trading capital
Feb 18:
Comment: Stop loss update to 48.60 (+10%) from entry(44)
Feb 18:
Comment: #SARK close at 50.95 +15.7% gain in 4 days(we will open at possibly lower prices)
Public version:
You can see the most important support(green line) and resistance (red line) levels.
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.
SarkLet’s see if this change hold above 52.22. If we can close above here we can see another big push to the upside next target 56.33 2.618 fib
Bearish Gartley on SARKSpoke a LOT about different bear setups in ARKK and the things it was holding during 2021. Just to show it was nothing personal, here's the bearish setups now appearing on SARK - the inverse ETF of ARKK.
Sark Now I closed my sark Becuase I was up a significabt ammount and arrk hit my first targeted support area. I was at a job site don’t get a chance to look at charts until now, I am seeing that we are bouncing off a level that last time
We were up in this range we had failed to hold as support 49.71. Howver currently SARK is making a nice attempt to hold this level. Mainly I’d be looking for a nice 15 min close above 50.68 at least or even an hourly close which we may not get here with 15 min left in the day. Howver not to much is saying we need to close yet unless Arkk can maintinf 64.38 range
This is still loooking bullish AF so if your in your trade since we entered in the 44s it may be better to stop it below 48.80s and continue to the ride. Overall target 54s at least
SARK the most profitable ETF ???? SARK or The Tuttle Capital Short Innovation ETF offers investors access to a short vehicle that may otherwise be difficult to execute on their own.
The fund attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day, not for any other period.
So far, so good, from November till February the fund has a return of 68%.
Looking forward to read your opinion about it.
Sark We got the 1 hour rsi backtest to confirm as Arkk has backtested previous support of a breakdown of a symetrical triangle. Still needs to break and hold above 47$ but looking great! Nic inverse head and shoulders building on 1 hour neckline 47$
Sark We are rollin on 2 hour. Still above the pattern support. Breakout was Friday. Buyer at 45.26 I have been buying this level a few times today. If I breaks next support 44.83. I am lookin at this potentially being a retest of pattern breakout. Target 54$ this is inverse of ARKK so as that has been weak this looks to be gearing up. 47 is a huge resiatnce also a big EMA that we still need to clear as well as daily ichumchi cloud which is green I may add but I am super pumped on SARKK and from technicals it looks very bullish. Watchig 1 hour rsi to confirm a retest of pattern breakout which could insinuate a little more downside based off 1 hour but def keep eyes on 45.26 as we have now bounced 3-4 times off that previous resiatnce
