The ARK Holdings selection refers to a family of exchange traded funds (ETFs) managed by ARK Investment Management LLC (ARK). ARK was founded in New York City in 2014 by Cathie Wood, a prominent investor known for her bullish stance on technology stocks. The firm's investment philosophy is centered around identifying disruptive technologies and investing in companies that are positioned to benefit from these trends. The ARK ETFs have gained attention from investors and analysts due to their strong performance and unique investment approach. ARK currently has eight ETFs: ARKK, ARKW, ARKG, ARKQ, ARKF, ARKX, PRNT, LZRL.
Below are some thoughts and learnings that I have after the competition:
1. Timing is everything ⏱️
The ability to ride the crest and trough of market fluctuations is the key to a successful trading session. I got into $Intel (INTC.US)$ $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ and $NIO Inc (NIO.US)$ all at their highs and couldn’t exit in time.
2. S...
Investors seem to be adopting a slightly cautious approach now. Some are even taking profits.
The next important event would be this Friday’s jobs report.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $Nike (NKE.US)$ $Alphabet-A (GOOGL.US)$ $Amazon (AMZN.US)$ $Advanced Micro Devices (AMD.US)$
The $S&P 500 Index (.SPX.US)$ climbed 2 bps, the $Dow Jones Industrial Average (.DJI.US)$ climbed 11 bps, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 6 bps.
MACRO
US September ADP Nonfarm Employment came in at 143,000 vs 124,000 forecasts, higher than last month's 99,000.
Meanwhile, crude oil inventories came in much higher than estimated: firm...
Would have done better if I was covering China Market on retrospectively speaking. However personally its not a stock that I want to hold long term thus the aversion of trades.
Actual:
Best performing options: $Alphabet-C (GOOG.US)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$
Can be better O...
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