Thank you, I took some off yesterday near the highs. I doubled my position when they took it down to the that $16 area..was so disconnected from the fundamentals, I couldn't believe it. Have a paid for position remaining in calls in case it keeps going

ARKK has been heading up with it

RTP to become Joby Aviation this quarter. Merger closes this quarter. In case you missed it, this documentary aired last night and they were featured:

Joby Aviation to Be Featured in NOVA Documentary, “Great Electric Airplane Race” Airing May 26 on PBS

Film includes rare look at Joby Aviation flight test facility and Joby’s all-electric air taxi in flight

https://www.businesswire.com/news/home/20210525005355/en/

https://www.pbs.org/wgbh/nova/video/great-electric-airplane-race/

Happy Birthday Matt!

Happy Anniversary Steve! 

I saw Janus Henderson bought over 5 million shares. Also, Stan Druckenmiller started a position. Very good to see

Cathie owns over $1B in Coinbase shares now. I think if playing crypto this is the right way to do it. No matter what coins or products come out, they benefit as the exchange. There is a top 50 list of cryptos on the website: 

https://www.coinbase.com/

COIN 

ARKK 

Legitimizes Bitcoin, I thought the same

$QQQquietly back over the 50 day yesterday. Some of the same stocks make up a larger portion of $SPXthese days. Very good sign for the markets if this becomes support now.

Wow, that makes crypto more officially legit. 

Incredible buy zone under/near 30,000 today. That is one impressive wick. Reminds me of the one from March 2020. RSI now 23s. All you can ask for is a good risk/reward. Looks like it is here and can be accumulated

Steve, Great coverage over the last days..thanks for including the gaps in the charts, they often come into play, and I've used them very successfully over the years. 

S&P futures/market news. I look at this most mornings: https://www.investing.com/indices/us-spx-500-futures

So ARKK being up 482% the last five years is all going to be erased now lol..the point is the corrections are buying opportunities..what about the QQQ, it is going under too? Those companies run the world and are cash cows growing ridiculously as I showed in the previous performance, AAPL, MSFT, AMZN, GOOGL, etc...40% a year for the fund on average the last 5 years..

the companies in ARKK are not 2000 era tech companies. Tesla, Square,Teledoc, Roku, Zoom, Zillow, Spotify..they are here to stay and running the forward looking business world...some of them have become an essential part of our world now for personal and business use..last post, facts are facts. The cash you would have made could fan you much better than those charts...also, the likelihood of any major breakdown back to back years is very improbable..we would need another pandemic or aliens to land here...That is all. 

I've done pretty well being a dip buyer in QQQ and ARKK over the last 5 years. Cathie has done 96% a year the on average the last 5 years even without buying dips. The world isn't going back to the way it was before, growth tech just became parabolic short term and needed to correct. 

It is good to see some of my other "old hat" and other holdings catch strength..just means the bull market is broadening in strength.. Cathie's still up 79% even after the recent draw down the past year. I'm just glad I wasn't sitting around for 5 years waiting for gold or pressing short bets too long    See the QQQ, ARRK, and GLD comparisons below..if you can't beat em, join em....QQQ is up in one year what it took GLD 5 years to do. ARKK more than doubled GLD's 5 year performance in one year..

The media and some others have been focusing on the last month or so..lets look at a cycle. Will continue to cost average in these or other strategies as opportunities present themselves. I'm not worried about my "demise" as I know how to allocate capital. I have good paid for positions just from profits alone. Anyone that has a shred of an idea of how to trade or invest protects capital well. Facts are facts. 

Nice chart Matt, love seeing that gap above that needs filled

Already green, money flowing back into these great companies. We aren't in a bear market or headed for one this year. Maybe a 10% pullback coming to 3,800s SPX if it goes that deep over the next two months. I'm aware that I can be wrong, though like my chances.. ARKK will be back sooner than later and likely the SPX at 5,000 next year sometime...I've invested in this fashion for many years in many areas in different markets..this is just one allocation of my strategy and I'm reasonably allocated. If it went to $0, I'd be fine in other areas. 

Have a look at the holdings, these companies are growing and an important part of world business. This isn't the 2000 tech bubble or whatever other commentary I've been seeing. Not even close in comparison. 

If they take ARKK to $95, I'll buy more, though I don't think it will get there. At some point, everything that has been taken down will be loaded and rode back up. Just ask all the energy haters when I was saying to buy the 3x oil etf when things were crushed and it was being said that oil was obsolete. All back in vogue now. Just how markets work. That situation was hilarious but very, very profitable for me. What about Meredith Whitney crushing muni markets years ago. I stepped in back then and still have many of those positions and just compounding all the gains. This is how the market works. 

Happily executing my personal plan. Buying at this type of discount is an incredible opportunity.

I bought some at $110, will buy more if it sees $95. Now a 29 RSI with some very good companies in the fund. Valuations are reasonable here. Top 10 holdings attached

Great seeing this reply. Steve shares some great nuggets of wisdom here. You can refer to them again and again.  

There is an old saying that I like as well and not sure who said it "Fundamentals tell you WHAT to buy, Technicals tell you WHEN to buy it". Last part of the equation that I think is paramount in importance that Steve touches on again and again here is simply "Have a plan and implement it accordingly" 

Finally, I believe someone has to have very strong belief in what they own or the plan they are implementing or it becomes tough to stick with it. This comes over time with experience. 

$DGNR about to retake the 50 day moving average..just in time for the merger date announcement and closing this quarter

$SPX getting pretty stretched away from the 50 day MA here.