$ARKK
Added 2023-10-26 00:41:48 +0000 UTC$ARKK has moved all the way down our Wave 5 target now and it continues to show weakness with very little signs of support being found. I think it is reasonable to suggest that that the blue line again will be tested at $30 as a potential support line.
I have been quite tough on $ARKK and probably for the right reasons but the truth be told, a lot of funds are struggling right now.
Many funds have finance stocks as they are normally considered as a safer bet on the market and they are getting hit hard, Buffet has also got a lot of exposure to banking stocks too but appears to be happy to enjoy their dividend, I would be surprised to hear if he did not add to his $BAC holding.
$ARKK remains a fund I would not be buying right now.
