I was away for a few days and after sitting here all day I see there is a consensus that was even stronger than before:
Sell tech/growth
Buy commodity stocks/fins.
BULLISH above 4180, bearish below, skittish market
Started by
dTraderB
, May 09 2021 04:58 PM
136 replies to this topic
#62
dTraderB
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Posted 11 May 2021 - 06:29 PM
ARK was below 99 as NQ tanked but rallied to finish above 106
Cathie Wood's ARK shed a third of its Apple holdings as its flagship fund keeps slumping
May 11, 2021 8:56 AM ETARK Innovation ETF (ARKK)By: Kim Khan, SA News Editor374 Comments
- ARK Investment Management's ARK Innovation ETF (NYSEARCA:ARKK) is off another 5% in premarket trading, falling back to levels not seen in nearly six months as Big Tech and momentum names continue to slide.
- Large holdings are also getting hit hard before the bell. Tesla (NASDAQ:TSLA), Square (NYSE:SQ) and Roku (NASDAQ:ROKU) are all down more than 5%.
- ARKK is below $100 for the first time since November 16.
- On Monday, the ARK Fintech Innovation ETF (NYSEARCA:ARKF), sold 87,560 shares of Apple (NASDAQ:AAPL) amid the tech selloff, more than 30% of its total holdings. ARKF is the only ARK ETF that owns apple.
- ARKF still holds 200,387 shares of Apple, according to Bloomberg.
- Wood has been selling bigger, liquid tech names of late to buy smaller companies on the dips, such as newly-public Coinbase (NASDAQ:COIN) and Palantir (NYSE:PLTR), off more than 20% year to date.
- On Monday Wood bought 28,011 shares of ARK's own 3D Printing ETF (BATS:PRNT) for the ARK Space Exploration ETF (BATS:ARKX).
- On Friday, Wood appeared on TV to say she loves the current setup in the market.
#63
dTraderB
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Posted 11 May 2021 - 06:31 PM
*SEC CALLS BITCOIN `A HIGHLY SPECULATIVE INVESTMENT' *SEC WARNS OF VOLATILITY, LACK OF REGULATION IN BITCOIN MARKET full letter from the Division of Investment Management: https://sec.gov/news/public-statement/staff-statement-investing-bitcoin-futures-market…
#64
dTraderB
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Posted 11 May 2021 - 06:34 PM
Volatile back & forth today in #ES_F with plenty of traps as typical when vol spikes. My key support was 4120 and price did a stop run below and recaptured as it often does at major lvls Bulls need to hold it now, which sets up 4170 next. Bulls only out of the woods if it clears
Quote Tweet
Adam Mancini
@AdamMancini4
· 11h
After 1.5 months of upside #ES_F finally letting off some steam. Big Fake breakout and today determines if this starts something deeper. Plan today: Supports = 4135 then 4120. Bulls will need to rally here to recover 4170 (trigger lvl to ATHs). 4120 fails we sell to 4030 then 4k
Edited by dTraderB, 11 May 2021 - 06:35 PM.
#65
12SPX
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Posted 12 May 2021 - 07:35 AM
Late start today as I awaited the inflation data. Yesterday my long was taken out for a 5 point profit. Never got my overnight fill till just now with the spike down at that nice round 4100 long number, profit stop 4105 now. Kinda surprised I got filled lol!
#66
12SPX
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Posted 12 May 2021 - 07:51 AM
Could be an interesting open so I'm raising my stop to 4110...
#67
12SPX
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Posted 12 May 2021 - 08:20 AM
Out for a 15 point profit, lets hope there is a spike down for the open....
#68
dTraderB
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Posted 12 May 2021 - 08:32 AM
Will close all VXX CALLS
AND SOME SPY PUTS
ASAP
AND SOME SPY PUTS
ASAP
#69
12SPX
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Posted 12 May 2021 - 09:02 AM
Trying a long build at 4108!!
