ARKK taking on water again...ugly

    Posted by profmel on 1st of Apr 2021 at 03:57 pm

    ARKK taking on water again...ugly reversal off 124+ gap open

    ARKK  ...Or is this a

    Posted by Orangeman on 2nd of Apr 2021 at 11:41 am

    ARKK  ...Or is this a little breather on the way to 145 and beyond?  Plenty of Cathie bashing lately, but I'm sure she is working harder than most of us to capitalize on the recent pullback. 

    Cup & handle  (see 60m chart) or eve of disaster?   Only time will tell, but I feel like " disruptive innovation" is a reasonable position in 2021.

    60m - https://www.tradingview.com/x/dCV8ZxpO/- if it clears 200 period MAs, things could get crazy again.

    Daily -   https://www.tradingview.com/x/IXgrF9mj/- above the 9 & 20 on increasing volume, lots of room to upper BB.

    I agree with you and

    Posted by fundamentalvalues on 5th of Apr 2021 at 09:02 am

    I agree with you and added to my long term ARKK holdings when we got close to the 200 day last time. I expect to passively double my money in the next 5 years investing with Cathie. That is her model, she only invests in things where she can get a particular growth rate over the next five years and able to buy at a healthy discount to that growth. The old money manager guys hate her because she has smoked them performance wise. I say if you can't beat em, join em. 

    She's had the odds stacked against her her whole career. Was such a good move when she left Alliance Bernstein. She got good doing what she does because they wouldn't give her a seat to share ideas in meetings. All the regular ideas were taken credit for, so her process became about finding things that nobody knew about. She's also proven lately that she is willing to adapt if/when things change putting some other large cap holdings in the fund in lieu of cash that are solid performers. 

    Agree. I am holding ARKK

    Posted by mborder1 on 5th of Apr 2021 at 09:04 am

    Agree. I am holding ARKK and ARKG long term

    I think the other thing

    Posted by fundamentalvalues on 5th of Apr 2021 at 09:27 am

    I think the other thing that people miss is the time and effort that goes into managing money. Having some individual stuff to play is great for some quick money, it is just how much time do I really want to put into monitoring things? I'm personally better off buying significant dips and holding for larger gains. Or doing some of the leveraged SPY trades. Of course, I look at things every year, and my situation, if I should re-balance, etc. But why not have someone like Cathie or other solid funds be a place I can confidently invest. Then go back to enjoying life. As is often pointed out here, there are all types of strategies represented by members on the site, traders, people working jobs with 401ks, and everything in between. 

    The most important thing to me is having a strategy that I can "live with and believe in". After I made those significant dip buys near long term supports, I went back to living my life. No need to watch the market every second of the day for me. There is something here on the site for everyone. This is the first post on the community and well worth the read if you haven't and worth a re-read: 

    Top Down Approach Discussion and how to View BPT - Click on Title

    Posted by steveon 13th of Jun 2020 at 01:48 pm

    Title: Top Down Approach Discussion and how to View BPT - Click on Title

    Ciovacco Historical Perspective Charts

    Once again, the above video link provides an overview referencing current stock market conditions relative to similar past readings.   This would be most relevant for position investors (such as retirement accounts) to monitor on a weekly basis.  This is NOT a forecast just data points at this time.  Continue to keep an open mind and respect the message of the market.

    Markets are fluid and subject to change as we all know - key is to establish a methodology that fits with your beliefs.   You can also incorporate a hybrid approach with your portfolio by position investing certain funds for longer term (accepting volatility until EVIDENCE changes) and dedicating other funds to short term trading.  Those are decisions for each individual.  If you have yet to formalize an investing/trading approach please take some time to formalize a template - you can always adjust but it's best to have something in place.  From there, you should formulate a PLAN that entails your objectives.  Once a plan is in place, then you can refine down to which specific securities you want to invest and/or trade.  This is a TOP DOWN approach that should be enacted PRIOR to looking for trades.   Just like a Football team(or any sports team) - the General manager has a vision/approach on how he/she wants to build a team. Then he/she hires a coach to devise a scheme around those players to maximize their talents.  Next,  the coach puts into place a weekly game plan (making necessary adjustments) before finally selecting specific plays.  

    How does BPT come into this picture?  Think of BPT like a consultant/assistant coach  who helps to make your job easier along the way.   We provide daily analysis of several markets which helps to provide some guidance as to how we see things.  We also spend a considerable amount of time providing tips and educational examples to help execute you plan.  Think of the DVT approach for swing trades and the nightly discussion of charts involving patterns and candlesticks, etc.    We also scan for and offer trade suggestions (ideas) that we believe are valid setups and we take time to review the triggered setups in the following days.  Partake in only the ideas that fit into your plan and simply ignore ones that don't.  Finally, we spend time posting relevant comments and numerous charts every day in the trading community relating to what transpiring during that trading session and updating trade ideas.  

    also PBW

    Posted by mborder1 on 5th of Apr 2021 at 09:07 am

    also PBW

    She believes in TSLA, and

    Posted by lapri24 on 1st of Apr 2021 at 04:07 pm

    She believes in TSLA, and that what she got today.

    Sold my tesla today. SMH

    Posted by kevindeng0727 on 1st of Apr 2021 at 04:21 pm

    Sold my tesla today. SMH and XBI good move since discussed on the blog.

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