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Between the crypto narrative faltering, the DOJ investigation of Binance, and all the blowback from Tesla no longer accepting Bitcoin, Cathie's ARKK is getting battered from all sides today. This is why I avoid funds with large positions in a single stock. Both Tesla and ARKK are breaking down below the 200 day moving average.
Did you mean a single sector?
The Bitcoin dominance and correlation with ETH and other major Alts are weakening with each day. Eventually BTC dominance will be 25-30% which will signal this market is mature and has no one single point of failure.
Hopefully taking profits in both arkk and gbtc that I bought yesterday . Both are up in premarket.. but as we know that can vanish by the time we open .
Hopefully taking profits in both arkk and gbtc that I bought yesterday . Both are up in premarket.. but as we know that can vanish by the time we open .
When I chart ARKK against VOO over 5 years, ARKK returned 470% compared to VOO at 101%. Max timeline shows ARKK = 420%, VOO = 104%. I don't think the .75% expense ratio drags it down 300%. or am I missing something?
What you are missing is the return-per-unit-of-risk-incurred.
Stop already triggered yesterday. I had it slightly below 6/14's low. The 10-EMA is still giving it support. The 21 day is curling up. It's constructive, but I'm in enough names right now.
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or am I missing something?
