ARKKARKK looks like it's getting some life. We are seeing some high volume green days. It look like it is forming an inverse H&S. A break above the top trend line can take it to the 105 resistance.
ARKK trade ideas
$ARKK Analysis 30m scale$ARKK on the smaller time frames is providing some great trading opportunities. The volatility is there and we are starting off a new year. I am looking for a long opportunity around the $93-$94 range.
Support: $94.00, $93.00
Resistance: $96.50, $100.00
$ARKK AnalysisAfter a 37 point sell of in $ARKK from a recent pivot high ($125.86), we are starting to see some growth names base and reverse. While the overall trend on $ARKK is still down, the smaller time frames are showing signs of strength and reversal structure. ARKK
ARKK Needs to break this pivot I'm watching ARKK to get a feel for whether or not growth names may be able to base going into the new year. If you scroll through the charts of many of the popular growth names that were beaten down in 2021 such as UPST, ROKU, PINS, DOCN, U ect you will see a similar chart. The key pivot in my mind is identified by the red arrow. On Dec 8/9th many of the growth names attempted a bounce, then made a lower low. Price needs to break this key pivot to start confirming a base. If the pivot cannot be broken the pattern remains a bear flag and lower lows are expected. Something to watch going into 2022.
Rolling: ARKK January 21st 95.22C/104.22P to February 18th... 94.22C/104.22P inverted short strangle for a 3.80 credit.
Comments: Rolling this a smidge early here. Total credits collected of 15.25 as of the last adjustment (See Post Below) plus the credit received for this roll. The setup is inverted by 10.00, so I can still make money on it because I've collected more in credits than the inversion, but am more likely just to scratch it out if I get the opportunity so that I can reload an unbroken setup. I would note that there was a dividend/special distribution on the 29th which affected the strike prices of the setup.
The good days hve been past long time ago..!9 months ago, I published this analysis:
the first target could be 97..!
however, This time it could go down more?
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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ARKK Entering Bearish BAMM (50% Potential Downside) ARKK has broken through he B point of this potential Bullish Bat and has tested it as Resistance we look to be ready to complete the CD wave to the downside and reach an 88.6% Retracement.
I suggest some Near or ITM PUTs expiring around several weeks from now.
ARKK Uptrend, $110 retest by EOY, all time highs next year.ARKK has gotten destroyed this year, but it's showed signs of bottoming after three green weeks. I think growth stocks have done enough correcting. SPY is at all time highs, but big names are still 40%+ off their highs in ARKK. I think after omicron becomes endemic (this is going to happen in 2-3 weeks), everything starts to go risk on again. ARKK and crypto are the beneficiaries of this risk on environment.
ARK innovation ETF to 220 in short squeezeFollowing a near 40% correction since the highs of February with ‘incredible buy’ signal (daily chart bottom), it is now time to get bullish. Why?
1) On the above 10-day chart price action breaks out of a pennant formation, this is a bullish development. Support confirmation needed @ $110 area in accordance with the monthly chart.
2) Short interest (links below):
“Short sellers have placed $2.7 billion in bets against Wood's flagship ETF, according to S3 Partners data cited by the Financial Times.”
“In a sign of the growing desire to bet against Wood's fund, Tuttle Capital Management has filed for an inverse ARK ETF that will replicate the opposite of its performance.”
The amount of cash betting against Cathie Wood’s fund is now greater than 10% of the fund itself! Now I have no opinion on the fund / Cathie Wood, but I know for a fact the majority of market participants continually make the wrong call. At this time Puts are way out ahead on Calls.
3) The purple circles. Those show stochastic RSI crossing up 20. Compare with price action above. It has almost been a year since Stochastic RSI crossed down.
Action? A buy from 106 is amazing if you can get it.
Stop loss: $101
Good luck!
WW
Short interest:
fintel.io
markets.businessinsider.com
1-day ‘incredible buy’
ARKK forming an Adam and Eve bottomI noticed this since last week and am glad to see a continuation, hoping to see a completion of the cup and then a retest or hold above the 104 breakout area.
This is a very nice bottom forming after being heavily oversold on larger time frames.
A breakout of the green resistance line also supports a bullish argument.
ArkkDescending trbgle at the bottom of a trend can be a bullish sign. We have a ton of weekly support at 89 area abd there is a big buyer stepping it at that level. As long as he/she remains there, we could see a nice push to the upside. If we pop 98.30s we could see a nic breakout of this resiatnce. Target could be 110ish. We are lookin like we are rejecting right now, but play the breakout for sure don front run unless buying that flat 89.30ish support with stoploss below
Where's the ARK bottom?Many of the popular ARK funds have destroyed S&P500 over past 5 years despite being way down in 2021. Current levels are beginning to look interesting. Another plunge and I'll start DCAing $ARKK, ARKF and ARKW in 1H22.
ARKK - The Confederacy of the DunceApologies Milli's / Gen Z Cultists.
Ignorance is an excuse until your Sorceress's "Thesis" is proven wrong.
____________________________________________________________
Where to begin... this has been ongoing for Month Six now.
Wood's is a complete Fraud, a Carnie of the MetaVerse, a complete
Predatory Package for the youth of our Nation.
Every Generation has its Hero for Tech, Wood's was hailed for her
Strategy.
_____________________________________________________________
Permit me to Wreck the Illusion...
Cathy claims to have 5 Year Time Horizons for "Investment" - a Longer Term
Buy and Hold, chanting to the Universe and making discoveries on Saturdays.
Woods has churned her Fund more than any other Fund - Trading in and out
of TESLA at extremes which are laughable. Buying High / Selling Low is her
stock in Trade. Please read the filings and see for yourself.
This Degenerate Fund Churner manages to buy the most Ill-liquid and thinly
Traded Equities becoming the Egg Woman. She has lost hundreds of Millions
using this idiocy when forced to SELL, and she does.
ZILLOW was a very large holding.
Cathy SOLD into the LOWS after hemorrhaging Capital - the Fund Average was
claimed to be $67.57 is incorrect. The ARKK Fund Average was - spread among
more than a FEW of Cathy's Funds from 67.57 to 73.91 to by far the largest
holding within ARKK @ $82.51.
The total loss is well North of $40 MIllion.
Recorded SELLS:
November 17, 2021 @ 31,361
November 15, 2021 @ 471,622
November 12, 2021 @ 589,903
November 11, 2021 @ 137,710
November 5, 2021 @ 1,610,884
This has happened dozen of times as the Fund grew from $10 Billion to $85 Billion
die to Inflows from her largest Cult Base - REDDIT.
It will lose 63% of its "Value" - at minimum.
Cathy is a turn, burn and churn Artist.
____________________________________________________________________
We warned repeatedly this was a complete Scam, another False Prophet for the Ages.
Her "Most Unexpected" excuses continue to mount.
Buying High, Concentration Risk, Liquidity Risk - remains her Risk.
Price tells you everything you need to know, we heavily warned to exit this Junk Fund
with JUNK Leadership... See Price.
It's far from over for ARKK.
In Five years this Fund will not exist IMHO.
ARKK - bottom in trade idea This will be my one public trade idea this weekend (rest are posted in the cord)
Copy pasta (2 pics in cord):
Trade Idea - ARKK - Growth looks ready to go. For the next impulse up on indexes we need full cooperation - Growth is beat to death and it MUST come to life. We will not continue to see the 1 man band of big tech if we are going to make what bears call the "bubble" bigger. So - What stocks to focus on? Well - I have positions in some growth - (TWLO, CRWD, SQ), but there are soooo many super beat up. So why not ARKK? ARKK is on its last let right now as it is - and the chart is screaming reversal. I think it found a wave IV bottom already (but if we get lucky enough to retest that or make a new low its a screaming BTD imo.) As of now I favor that the bottom is already in though and that all dips are a buy - I think it is going to get around 115 (covid low AVWAP retest) on this impulse. See 2 attached charts. I will be looking for some blood for my entry with time.
Why am I so convinced it bottomed or its close? Look at all of the indicators, all bullish af. Also - we are in the last major demand zone - losing 90 could be disastrous - I do not think it will break. So we have good R/R here (unless it gaps up big monday - but even over 104 I am buying looking for continuation because that will just make my argument even stronger.
Note on the minute scale - appears impulsive making me lean towards bottom is in.
$ARKK AnalysisHere I evaluate the conditions of $ARKK and the likley hood for a reversal using support levels, volume, and most importantly, exponential moving averages
ARKK might be predicting a massive crash in the stock market...I can really feel the pattern but I don't have the 8 ball.
Rolling: ARKK January 21st 100 Short Call to 96... for a 1.23 credit.
Comments: The last of my Friday defensive adjustments/cost basis reduction rolls. Here, rolling down the short call aspect of my inverted short strangle, the short put end of which is at the 105 strike. Total credits collected of 11.45 (See Posts Below), so my downside break even is 105 (the short put strike) minus 11.45 or 93.55.
Is the carnage over for $ARKK?I'm a big fan of what Cathy and her team are doing research wise. I caught the uptrend last fall and made money. Unfortunately the Wall Street Fashion Show has moved on from the ARK line of stocks. I do have my criticisms of ARK: They have too many funds, trade too much and catch too many falling knives. These practices are amplifying the downside move IMO. The threat of rising rates, the falling out of favor with the fashion show, and the relentless rotation out of disruptive tech into physical economy stocks shows no sign of reversing anytime soon. POSITION: LONG $SARK - the inverse ARKK ETF.
$ARKK good longARKK, long position... wedge down, strong support, good volumes, good mom 40 good obv.... this is a nice long position
arkk headed for destructionovervalued bubble is deflating in an epic manner
come back in 2-3 years and this etf is going to experience much more pain
Cathie Wood needs trading intelligenceLove Cathie Wood's mental model for finding future opportunities, but, her lack of trading intelligence is her weakness. A simple algo with moving avgs and a few other simple addons would change so much.
Green Arrows = ATTACK ATTACK ATTACK
RED Arrows = PATIENCE PATIENCE PATIENCE
Raiders Of The Lost ArkCathie (fund) may have a nice bottom
But this ain't it imho
Wouldn't consider a buy until in Cathie's box
Or it hits the median line on the adjacent fork
Trade at you own risk
