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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

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Wednesday, June 15, 2022

Cathie Who?

It's a mystery why anyone would take seriously what Ark Invest CEO/CIO Cathie Wood has been, and still is, forecasting for markets, as she's been wrong for months, while her own ARK Innovation ETF (ARKK) has lost 76.25% of its value from its high of 159.70 in February 2021 to close at 36.99 on Tuesday, as shown on the following monthly chart and graphs. The bears are still firmly in control of this ETF.

We'll see if it hits its IPO price of 20.42, or lower. If it holds below 40.00, we may see that level reached...possibly sooner rather than later.


StockCharts.com

StockCharts.com


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