I Speculate ARKK will Outperform Again
$ARK Innovation ETF(ARKK)$ I like ARKK here 82.
If the melt-up is back on, I speculate ARKK will outperform again.
For context, April through October ARKK delivered major outperformance against the SPY, QQQ, and IWM.
If the melt-up is back on (it is still an if imo) I see no reason why this outperformance trend does not win in the final melt-up phase.
If the melt-up fails, the trade is risk managed by 79, and more importantly the 50-day moving average. This trend does well to support sustained advances.
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