Cathie Wood’s ARKK Sinks 20% From Peak as Tech Sells Off https://www.yahoo.com/finance/news/cathie-wood-arkk-sinks-20-203935202.html
Tomorrow will probably be choppy AF; I expect markets will be volatile after Friday's jobs report in the pre-market. My plan is to slowly scale into inverses Thursday if they keep going up; especially SOXS SQQQ UVXY. I bought them pre-market this morning gap reversals to the upside. My main decision this week will be how much to scale in right after 8:30 a.m. jobs report is released Friday morning if the street doesn't like the number. I'm hoping for a repeat of last March; I did okay within inverses a year ago; I want to do better this year with more size. Challenge about sell-offs is that they are brief and volatile, so correct position sizing is a must. Good luck all.
Of course it's easy to say that after the fact the funds have been up substantially. I didn't see anyone spewing these as buying opportunities 5 years let along just a year ago....anyways if this market collapses so will her funds, and not only will they be down as much as the overall market, but twice or three times greater....
It will be choppy but I feel after such huge drops in the nasdaq, the nasdaq usually recovers 70% or more in the following days. Very rare to see a continous 3% drop for more than a day maybe 2 on the nasdaq as buyers gobble up beaten down tech stocks. But will see. Probably be at least a 1.5%- 2% move either way tomorrow.
Given that bias of yours you likely never really see a bullish call on anything. I made numerous calls since last March that were highly profitable; most of the cynics on here had some reason or another to dismiss them. Guess they don't like money.
Dow futures -200 #gobears I'm def buying inverses premkt if futs still red tomorrow morning. Holding a few k inverses overnight.... let's get the party started SQQQ is my btch lol