$ARKK is a great risk-on barometer for the stock market.
Personally, I want to see it break above this 50% to 61.8% range, like I talked about on the podcast last week with the guys at @StockMktTV.
It can happen.
Some might even expect it to happen.
But we need to see it.
It's the same story for $ARKW, the Next Gen Internet ETF:
All of these "high-risk" and speculative areas of the market still haven't produced the breakout that we'd expect to see during a bull market environment.
That doesn't mean we aren't in a bull market.
Clearly, we are.
Look at financials, industrials, equal-weight, value, etc.
But in an ideal situation, it would be nice to see these stocks participate meaningfully by breaking above key structural levels.
Because what kind of bull market is it without speculative tech/software/IPOs?
If/when these go, that'll be great uptrend confirmation.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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