ARK Innovation ETF ARKK

April 26, 2022 by

Like many investors, I was impressed by the incredible upside performance of Cathie Wood’s ETF  ARKK  in 2020.

The holdings include Tesla, Zoom, Roku, Teledoc Health, and Coinbase Global.

With the exception of Telsa, most are down a considerable amount this year.

Despite the large underperformance of ARKK, many investors are staying the course, according to Monday’s (April 25, 2022)  Wall Street Journal.

The following Monthly and Daily chart of ARKK portrays the recent price decline.

Price is as of the close today, Tuesday, April 26, 2022.

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AbbVie Earnings coming next week.

April 23, 2022 by

“Wall Street expects a year-over-year increase in earnings on higher revenues when AbbVie (ABBV) reports results for the quarter ended March 2022. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On the other hand, if they miss, the stock may move lower.” Zacks Equity Research, April 22, 2022

The following pictures of ABBV Daily and Weekly show that some expect lower results than projected. Prices are as of the close of Friday, April 22, 2022.

The weekly chart is the dominant position.  The green line indicates BUY. The RED line indicates SELL, and the BLUE line indicates CLOSE position.

As in all past posts, When and only when the Weekly indicates BUY, then if the daily is also Green, the position should be long. The BLUE line indicates CLOSE position.

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