The ARKK Innovation ETF (ARKK) is arguably one of the worst-performing ETFs in the market right now. That means it is a key canary, along with the top stocks in it. I’m eyeing several of these names to short on this rip, including Roku (ROKU), Zoom (ZM), Roblox (RBLX) DraftKings (DKNG), and more. Want to learn more? Join me on for a free webinar this Wednesday, at 7pm.
The indexes have tried to creep higher over the past two days, which is giving me an opportunity to look for moments in time where I can short the rip. I’m eyeing some of my favorite canaries in the coalmine, including NFLX, FB, LOW, and HD.
The overnight futures tonight so far are noticeably down, let’s talk about what this means for tomorrow.
The title says it all, folks. I’m curious about the momentum on the histogram on a 4hr chart and why the 1hr is almost convincing, so I’ll be a cautious buyer.
The iShares semiconductor ETF made a new 52 week low week before last and if AVGO is any sign of things to come, we may see more of these components headed to lower prices.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Crashy price action ends the week with a notable turnaround at key levels. Will it be enough to stem the bleed? Let’s define both ranges so we know what to do next week.
In this video I talk about how eventually we are waiting for another opportunity to short the markets down to the 2020 pandemics highs and lows in what could be another nasty Monday.
