ARKK Shortplease do your own analysis/research and make decisions based on own assessment.
i am not responsible for your decisions/outcomes.
ARKK trade ideas
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 – 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.
Has Cathie Woods Spoke to God? Hop on the ARKK before the Flood!With J Pow ruling out 75bps for the next hike, we are priced in. This dead cat gonna bounce hard. Look to sell at 21 week ema as bull market support becomes resistance.
ARKK growth weakness still loomingThere is a Bearish wolfe wave setup on the 30 min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the red perforated line, as shown in the chart. The projected target is $38 which is expected to reach this price target in May 11. At this time, ARKK is neutral and we will consider Bearish position when prices start getting extended.
Is this the Bottom for ARKK?US Fed is likely to FLUSH OUT weak traders this week, possibly setting up for a big shift in how capital is deployed across the globe.
My opinion suggests capital will continue to rush into undervalued US assets as the US Dollar stays strong.
If the Fed comes in at 25 to 50pb today for the rate hike, I see this strengthening many US stocks and potentially weakening global economies under extreme debt levels.
Things could come fast-and-furious over the next few months. Pay attention to my research.
ARK Innovation ETF...Waiting for Tech to Bottom OutLooks like a solid buy near $34.00. Next buy-target below that is around the $19.00 mark.
Risk at these levels is fairly low since the upward potential is disproportionately larger based on history.
ARKK and Cathie Wood = trouble
AMEX:ARKK
Like many people, I've lost $$$ falling in love with Cathie
Cathie has literally destroyed my portfolio.
Does shares bought at $150-$130 are now worth a quarter of that.
What is going on with ARKK and are we going to see more lows?
News:
All ARKK ETF’s continue to underperform relative to the S&P 500 is growing and Teladoc Health, one of ARK Innovation ETF’s most overweight positions, just collapsed in value last week.
Unlike Bill Ackman who dumped his funds $1.1 billion investment in NFLX and taking a loss of around $400 million, Madam Cathie is adding more to her position.
Charts:
EMA ( Exponential Moving Average ): Price action is below the 200 EMA (discount buying opportunity) Price is also below 20/50/100/200 EMA and are all pointing downwards! Looks like we've been in a death cross since November 2021 and we're not coming out of it anytime soon.
TTM Squeeze: Squeezing to the bottom but it looks like it wants to change direction at the current support line (super trendline; at the bottom of the pattern).
Fib Levels: with the price below the 1 fib and headed towards the 1.618, if the current support support line doesn't hold, we could see $ARKK in the $30s...(bye bye to my $44K leap call option expiring in December).
Candle Stick: Summary of last 5 candles equate to a bearish movement; you might as well just call them a 3 black crow.
RSI: In a great position which also supports the TTM Squeeze movement... No matter what happens on May 3rd or 4th, I should just buy some more at this point.
Pattern: Falling Wedge and still falling; Need a savior.
History: ARKK seems to have lost it's hedge and it's now crashing and burning; a breakthrough will be nice.
ARKK back to its fair range?I'm always watching ARKK as gauge of growth stocks in general. ARKK is now back to it's 1 year range from 2018. I see the red box as covid excess that was a once in a life time event. Yields have now risen back to 2018 levels (10y @ 3%) so much of the excess has been flushed out. With this in mind we are getting close to a point where it may be safe to start looking at select growth names again.
Is ARKK Seeking A bottom Near Fib Amplitude Support?Looking at this chart, one could argue the past 12+ months have erased all of the excesses of the post-COVID speculative rally.
One could argue that ARKK is nearing historical support and may be attempting to establish some type of base/bottom levels.
I would suggest that ARKK may attempt a "wash-out" low price over the next few weeks - where price attempts to FLUSH OUT early longs. But it seems to me ARKK is nearing strong support from 2018-19 levels and may attempt a recovery rally throughout the end of 2022 (possibly).
Time will tell.
May be worth looking into some CALL options on ARKK at these levels?
ARKK $30?Looking like ARKK has broken down past a good trend line and we could see it heading towards a bearish trend line which would be in the $30 range. Great place to start buying again.
big move on the horizon for ARKK ARKK holding above extreme trend resistance, but currently below local trend resistance..
watching for calls above 54.58, puts below 45.43
$ARKK - innovation doesn't solve this problemTarget 40 and without market (tech) support, $22
Trading view wants me to write more, so here it is.
The effect of Fed Fund Futures on Speculative Growth For the last several months the only driver of the market as been the expectations on the future fed funds rate. As you can see as the Fed Funds have free fallen ETFs like ARKK ( which are a good representation of speculative growth stocks ) have fallen in tandem. In contract defensive sectors like XLP continue to make new highs.
The Fed was projecting 3 rate hikes in 2022 near the end of 2021. As of their March meeting those expectation have increased to a total of 7 hikes by the end of 2022 (6 more). While the Fed Funds futures market is expecting 11.
Historically the market and the FED are really bad gauges of the future fed funds rate. At the beginning of rate hike cycles they almost always over estimate the amount of rate hikes.
When sentiment shifts we should expect to see defensive rotation back into growth/tech.
ARK Innovations - pullback almost donei posted this, but seems like it was removed.
Here is my thought on ARK anyways
