Many NIA members have been asking where do we think ARK Innovation ETF (ARKK) will bottom and do we still prefer Tuttle Capital Short Innovation ETF (SARK) over ARKK?
We wouldn't buy ARKK or SARK at this moment, but... ARKK's decline over the past year has followed the NASDAQ's dot-com bubble collapse very closely. We put together some exclusive NIA charts showing you exactly where ARKK vs. SARK will trade over the next 17 months assuming that ARKK's trend of following the NASDAQ's 2000-2002 decline continues.
We don't expect ARKK to continue following the NASDAQ's 2000-2002 decline exactly, but there is a lot to learn by reviewing NIA's ARKK vs. SARK charts.
We have concluded the following:
ARKK is due for a large short-term bounce but won't bottom until sometime in 2023 at a price as low as $38 per share.
If SARK surpasses ARKK in share price within the next 2-3 weeks at about the $57 per share level, it will be time to buy ARKK but only as a short-term bounce play.
If SARK were to dip to below $40 per share, we would be an aggressive buyer of SARK.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
