SD-2020 TRADING WITH THE TIDE

[sd]

While I find the strength of this market's rally to be based on a slim hope of a 1st trial of a possible hope for a vaccine, it underlies the pent up demand and emotion that we may see a return to some normalcy in the months ahead.
I will take my own advice and trade the chart- but with limitations in terms of account % exposure-Market has moved too much today to chase-
I will be reentering ARKQ- it has practical automation applications that I think tend to lend themselves to the future economy - and it was a position I held for some time .

I also see that some of the Pot stocks popped higher- and I may take a small spec with TOKE- an ETF that is sponsored by Cambria group- it will be a pure spec position of just 100 shares with a limit under $12. This is just a spur of the moment impulse Buy that i won't even put a stop on....

I looked at BRK/B and find it's under performance alarming- Berkshire Hathaway represents a conglomerate of stocks picked by the great investors- Charlie Munger and Warren Buffett- and why is this group failing to respond in this recent rally?

I think this Rally higher is primarily on wishful relief hopes, and does not reflect the realities that will be unveiled in the months ahead of those that no longer have jobs to go to, the foreclosures that will be en masse, as the 25 million unemployed- some will find their jobs no longer exist- However, out of Adversity comes change and new found strengths, new evolution, and transformational change . But in considering the fear that many will have, I would share this:
In our early years together- my wife and 2 year old daughter found us living in our pick up truck in the Texas State parks for several months during the 1982? Arab oil embargo- which destroyed the Houston economy-and my self-employed business closed- But that led to new doors opening that eventually set us on a path to a new direction that has lasted for the past 40 years- It was a gradual process , unplanned and yet rewarding, that required we be resourceful and determined and self-reliant- and at times very difficult- or so it seemed at the time.
We made some great friends along the way, and the journey was well worth it.
Rebuilding a 4 barrel carburetor in the 95+ heat in a state park in Bastrop TX so I could have transportation to get back to the job 45 miles away-that Monday .... because Everything depended on it succeeding.... I still clearly remember the level of stress I felt.... There was no other resource for food or money... Everything was on the line....You did what was necessary to make that day a success- and then the next day.... One day at a time-
So, I would say to any that happen to read this : Difficult times may be ahead, but be resourceful and do not allow this economic decline to define you- because YOU are much more resilient than you know- Persist- and Stay the Course- Stay solid and grounded- and you will find -perhaps a new path that will lead you to the future you....I think it's a process to embrace change- or to not allow it to overwhelm you in the moment- As difficult as that may seem.... at the time.
there will be many people affected by the changes this virus brings to our way of life- New jobs will open in response to this pandemic, and some other jobs will be lost- What the changes become is difficult to say- but Change will happen- and we can be resilient or choose to feel like a victim- It is our Choice that we make that determines our futures. Make your Future with determination, or allow life's events to wear you down. We have the ability to Choose.

[sd]

With the earlier conversation about Warren, Charlie, note that BRKB has failed to participate in the upmove seen by tech and even the SPY- BRKB is still down from the Feb level -25% - and I think this also reflects on the real lack of upside potential for the broad markets .. Financials, insurance, Mortgages-credit card debt- a lot of overhang to deal with when the unemployment is over 20%!
The Monday rally- prompted on the prospect of MRNA in phase 1 trials seems to be in question. At least some of the early "news" release just prior to a very large additional stock offering... The promise and optimism of an early vaccine seems to be fully priced in this recovery - I would fear that the reality will not be so forthcoming in the short term-
Since a great deal of the economy's growth was due to a consumer that was fully employed, seeing wage growth, and believing that tomorrow would be even better than today- True until March of this year- The temporary stimulus checks, unemployment benefits, and the Fed policy to do what is needed- kept things from unraveling deeper- but the present rally .....can it continue in the face of the new reality- Perhaps a number of jobs do come back- and unemployment will bottom with 8-10% unemployed in the next 6 months-because a lot of jobs will not survive- and the new reality- of social distancing - will limit the number of people allowed in one area- Think restaurants, bars, night clubs- salons, etc.... Fewer jobs will be available- and perhaps there will be fewer consumers spending their hard earned money - instead having lived through this wake-up call- will try to save for the next rainy day.
An ongoing technology- automation- will be employed in more business to reduce the reliance on human employees- While innovative people will reinvent themselves, start new business, and adapt. But this is a game changer for what had been the status quo way of doing things- possibly pushing us faster down the road of technological adapting . But there will be casualties
along the way- That's my Bias-clouding my perspective to the negatives we look to face- Presently, Tech continues to provide leadership - Works until it does not....
i.imgur.com/mfAlzBt.png
Comparing to the indexes the past 30 days
i.imgur.com/vc6JNyV.png

[sd]

CLOUD momentum -FIVN, CLOU,SKYY all basing at highs

i.imgur.com/LH2ZGxM.png

[sd]

While I totally do not trust this rally, it continues-Going along WITH the Chart- I went ahead and put a number of positions on- including purchase of multiple ARK funds- All seem to be trending strongly- We seem to be extended on optimism- where positive news is expected by the markets-
Also took new positions in VGT, and basing core positions in VTI, VXUS- about 25% of the account is now back in the market-
ARKG-, ARKF,ARKQ,ARKK, ARKW - all; trending, all possibly extended- along with tech ..... also small positions in SKYY, TOKE, PFE,
Also- Had KWEB- Chinese internet- but sold on the news about the proposed legislation affecting chinese offerings...

[sd]

Vaccine and testing HYPE? Fact or Fiction- Have to be skeptical about companies perhaps releasing "early" and unproven results like MRNA and INO-
I've traded INO recently- but not in this week's rally- but this press release calls thecompany's press release into question:

finance.yahoo.com/news/citron-questions-inovios-robust-preclinical-190204434.html

Similarly, the accurracy of many of the fast type of tests for Corona Virus are suspect- FDA has only approved a dozen tests or so-

[sd]

I did purchase a position in TOKE- a number of cannabis stocks appear to be getting some buying -purely speculative small position


i.imgur.com/4cJ8V61.png

An interesting article on comparing results among some different factor style funds-

seekingalpha.com/article/4339143-2-strategies-beat-s-and-p-500-while-quality-and-value-underperformed?li_source=LI&li_medium=liftigniter-widget

[ira85]

I've taken some time this week doing some things with the wife for anniversary #48. We usually go to movies. Gotta make some different choices due to virus this year.

You noted Berkshire Hathaway has under-performed. From what I've read that has become a long standing issue. High market valuations seems to be a factor. Buffett has been sitting on a mountain of cash and not using it to buy stock, to buy whole companies, nor to give it back to shareholders as dividends. On the buy low, sell high strategy that a value investor would be expected to practice, it seems he's doing exactly what he should do. The broad market is expensive. No bargains. If Buffett bought stocks at these prices he'd be violating his long standing investment strategy. And if he gave the cash to his investors he wouldn't have as much ready to scoop up the next big value opportunity, when ever that happens.

Like you, I don't trust the sustainability of this rally. I've been expecting this rally to run out of gas and head south. But it hasn't happened. A couple of weeks ago I found an analysis that suggested overhead resistance for the SPX was at 2938 to 3002 . And we've had a month of sideways action without breading that overhead resistance. The last 4 days of this week the SPX traded between 2920 and 2980. I think that translates to a 0.02 percent range, i.e. the S&P went no where after the surge Monday on vaccine hopes. It seems like the market is priced for perfection. Somehow high unemployment and high bankruptcies won't be a problem to the general economy because the Fed will intervene sweep away all the debris, and prop up the stock market. With increasing frequency that's what has been happening for the past 30 years. The mountains of bad debt holding up the real estate bubble that burst to cause the great recession was painlessly unwound and the “great recession” ended quicker than most of us expected. In the past 30 years bear markets have been shorter and less severe than the historic averages and bull markets have been longer and bigger. So I guess the believers in the current rally are expecting the Fed to do the same with the economic disaster out there now. Remember when the government, alarmed by the Lehman Brothers collapse and fearing a banking collapse, stepped in and bailed out the banks too big to fail? They talked about the moral hazard of taking such actions. Isn't there some moral hazard in bailing out everyone in the US? Sending every adult a stimulus check every month until the economy is back to normal, would that be okay? I read recently someone said this rally is built on “hopeium.” Not much of a foundation.

I'm expecting the market to resolve the standoff at the overhead resistance line, either turn back and head meaningfully south, or surge ahead and put that resistance out of it's misery. I'm trying to sit, wait, and let the market tell me which way to go.

Ever the party pooper, I'm growing increasingly concerned we could get a round 2 surge of emergency rooms filling up in June with critically ill virus sufferers who got exposed in May as everyone was getting out of the house. I hate to think about how demoralizing that would be. -ira

[sd]

I certainly share your doubts, but with the Fed doing "whatever is necessary" to backstop- and stimulate the economy- it is keeping the markets propped up-at least for the time being. I fear the negative impact of this virus, the shutdown, the permanently lost jobs, businesses bankruptcy, and still high unemployment as part of the new normal. Wage decline as an outcome-as employers that can continue business remotely can find talent across the country- I think FB warned employees that wage cuts may be coming- particularly if they can work from Home. IBM announcing lay-offs- Should we not see the likely resurgence in the months to come as the Country tries to reopen, perhaps mitigated by the warmer summer months, The Fall will bring back the Flu and likely this virus. Along with the new Normal will be a new realization- That we cannot sustain our standard of living and gov't aid if the economy is at a stand still. Should a vaccine not be developed soon, or is ineffective, the mentality may go down the path that the majority will need to get this to develop the "Herd Immunity" albeit at a cost of many susceptible lives. Those of us that may be more affected by this disease should be willing to take greater precautions, work at home if possible, self isolate and take preventive measures.
One of the outcomes of dealing with this virus is a rapid increase in the wider adoption of the newer technologies- Video conferencing, Teledoc visits, reduction in cash as a transaction medium, Automation to replace the human workers that have to work too closely- Some Orwellian -1984- truths- facial recognition, social tracking, larger gov't presence becoming acceptable in our lives due to attempts to limit the spread of this pandemic-Think phone locations/Corona virus tracking, identify hot spots etc.

My decision to take those reentry positions at this level is in spite of my negative beliefs about where the market "should Be" . Intentionally keeping the position size reduced- so I can withstand some volatility without eating a bottle of rolaids-or losing sleep..... presently without any tight stops-

This Memorial Day weekend - particularly appropriate to reflect on battles fought in the past, lives lost, and the battle the Country is fighting today- We have to give credit to those that keep everything going.
Have a Safe Weekend! SD

[sd]

Spent the Day fishing Harris Lake, NC with the better half- after filling in at work on Memorial day--- Some catfish, small bass, and a day on the Lake Fishing is only better when it is a day on the Lake Catching!
Optimism and Momentum- Market higher today- on hopes of a vaccine and the flimsy positives that we could see a reopening and a return to normal in the next few weeks-
In the past week- the momentum in the cannabis stocks- TOKE continued higher..A lot of shorts covering i think- .Seems that the market is rotating and shifting it's focus- perhaps away from the defensive plays like ZM and Tdoc both dropping lower with big red bars- Neither are positions- but they illustrate the market rotation away from the defensive and back towards the previously shunned areas.

I have also seen decent gains in the ARKQ- robotics and the ARKG positions- And these subsets outperforming the broader tech sector (flat)
I think this illustrates that this is really a trader's market- one who is focused and nimble- and who trailed stops on the prior momentum moves, and can now take some profits and shift their focus- Frankly- I'd rather be back on the Lake because the odds are better-
Look at MRNA and INO - both losing market share over this past week- both trying to hype their position regarding vaccines. Saw some run up and then pullbacks- very difficult to try to time- Both are good examples of why one should apply tight trailing stops- MRNA lost -10% today- so the momentum approach would have set a stop on a close under the 5 ema- at the low of that bar - I like the simplistic approach - KISS- When price is trending and closing above the fast ema- All is Well- When price closes below the 5 ema- it has violated the momentum defined by closing above the 5 ema - and is a 1st indication of a potential slowing or possible decline. A FAST approach then puts a stop under the Low of that bar- and repurchases when price closes higher after we get stopped out. Of course, that is the TA momentum trader in me speaking.
Such market rally hopes are based on unproven and tenative data on potential vaccines - Ultimately, the market is already pricing in a viable vaccine- and a return to the prior "normal" status quo- What is likely is that the new reality is High unemployment-Tens of Thousands of business closings , disruptions in the prior framework of families with children in school, and employment organized around a school schedule/ Major cities with high population densities will be affected by this virus much more than less dense areas ....Will cities become the NEW danger area? Off Limits?
The entire concept of social distancing goes against our nature- We gather together at Holidays, Birthdays, weddings and Funerals- and at good Family times in between those other events. It certainly helps to define us as to Who we are- Who we identify with- and provides our Children with a sense of Family and continuity and values. We have found this distancing in our own family to be difficult- we tell ourselves it was necessary- but when will it not be so? We actually met with our youngest daughter and 2 grandchildren this weekend - without masks- and it seemed to be so normal......

Getting back to investing- I started watching this down to earth guy- with Heritage Wealth - with a lot of youtube videos and he;s all about limiting costs-
But check this out : and the other videos - www.youtube.com/watch?v=e3E2Uv-N7CA

[ira85]

I have shared your doubts about the strength of the rally for the past 7 weeks or so. Today I woke up and saw the Dow was going to open up about 550 points. It was above the 200 day moving average. I figured this is it, breaking through resistance. Even though I'm skeptical, I'll have to buy something to get at least partly invested. I was waiting for a sign that showed a path out of the trend less sideways pattern. I left to do some spousal chauffeuring. Got home after the market closed and saw SPX closed below the 200 DMA. So nothing has changed at the end of the day. I'm going to watch what happens to resolve this sideways action and hold off on buying. It wouldn't surprise me a bit if it doesn't have 2 or 3 down days now.

I've noticed there are a lot of days like today, when the market opens with a big gap,either up or down. Then the action during the day is muted. The big money moves are done by the time the market opens here. I suppose it could be a moving target. It might seem to us that Europe has an advantage. And the Europeans could say, no it's the Asians who move the markets. But it still seems to me it's someone else setting the agenda for the day. It looked to me like the enthusiasm drained out of trading over the course of the day.

I read with interest your explanation of trading using the 5 DMA. When price is trending and closing above the fast ema- All is Well- When price closes below the 5 ema- it has violated the momentum defined by closing above the 5 ema - and is a 1st indication of a potential slowing or possible decline. A FAST approach then puts a stop under the Low of that bar- and repurchases when price closes higher after we get stopped out. Of course, that is the TA momentum trader in me speaking.

I think I understand this in principle. But when I try to use it I'll probably find questions I hadn't foreseen.

I probably ought to keep this to myself. But I feel compelled sometimes to tell people why I don't understand some things that seem simple. Once upon a time, I used to be smarter than I am now. My doctor says I have Parkinson's disease and early dementia. I think he's right. Most people with Parkinson's Disease develop dementia at some point. I suppose the argument could be made that I should turn this over to my professional. I've always taken care of insurance, cars, accounts, finances, et. al. I hate to just give up without a fight. So I'll learn something about managing a portfolio and buy and sell timing. And when I seem a little dense, well I am. Don't freak out about it. I'm not. Stuff is going to happen for most of us.

I think of a momentum trader as a day trader, short holding periods. A swing trader tries to catch longer term moves, to hold for weeks. A long term investor just says he's right, but early. What's a TA momentum trader? -ira

[sd]

IRA,
I'm having some computer issues and crashes- trying to make a reply

[sd]

Crashed again- will try tomorrow- very odd- just had a computer reset this week

[sd]

Hi IRA,
Computer still has issues-or Operator error-
To answer some of your questions:


I read with interest your explanation of trading using the 5 DMA. When price is trending and closing above the fast ema- All is Well- When price closes below the 5 ema- it has violated the momentum defined by closing above the 5 ema - and is a 1st indication of a potential slowing or possible decline. A FAST approach then puts a stop under the Low of that bar- and repurchases when price closes higher after we get stopped out. Of course, that is the TA momentum trader in me speaking.I think of a momentum trader as a day trader, short holding periods. A swing trader tries to catch longer term moves, to hold for weeks. A long term investor just says he's right, but early. What's a TA momentum trader?
.....TA- relying on Technical Analysis to define where the momentum is heading......

I think I understand this in principle. But when I try to use it I'll probably find questions I hadn't foreseen.
.........With execution comes experience- You do not know what you don't know, until you start. (Yogi ism)

I probably ought to keep this to myself. But I feel compelled sometimes to tell people why I don't understand some things that seem simple. Once upon a time, I used to be smarter than I am now. My doctor says I have Parkinson's disease and early dementia. I think he's right. Most people with Parkinson's Disease develop dementia at some point. I suppose the argument could be made that I should turn this over to my professional. I've always taken care of insurance, cars, accounts, finances, et. al. I hate to just give up without a fight. So I'll learn something about managing a portfolio and buy and sell timing. And when I seem a little dense, well I am. Don't freak out about it. I'm not. Stuff is going to happen for most of us.

-ira
..... I have forwarded you Swift's email- and as much as he is not a Doctor, I'm also not qualified to dispense advice- but I will ...
IF you want to engage in trading actual $$$, there is a learning curve that comes over time and through changing markets- Initially the goal should be to Learn to Test and apply a strategy, and not be in a hurry to EARN.
With that said, since there are no longer commission charges to be paid to Buy and Sell - One is able to trade smaller lot sizes - without getting chewed up by commission costs- ideal to engage in developing a trading plan , taking multiple trades, and learn about stops-position sizing etc.
While most new active traders are in a big hurry to jump in and make a lot of money- It is essential that one puts real time in the markets- Real trades- Real Gains, real Losses- It is not the net Dollar amount that counts- when starting small- it is the net % gain or loss over a series of trades that establishes the viability of one's initial approach.
Day trading is not where one wants to start- Swing trading- trend trading- is ....Holding for multiple Days, or weeks- getting stopped out , and being willing to reenter on a resumption of the trend (My approach) .
I would say you should start with a modest trading account from $5,000.00 up to $10,000.00 but No higher than that- 5 positions spread across the account.
You now have a stockcharts account- I like the Elder impulse colored bars because they incorporate a momentum indicator.
Multiple Emas provide graphic lines - consider 1 or 2 indicators- no more than that.
Learn the principle behind position sizing- I can post again - Know where the level your premise for the trade is wrong -based on the chart- and this defines where you set your stop.
Your stop- defines how much you may lose -and also how many shares you can purchase
Your selections should focus primarily on stocks that are already trending up- emas all in proper order, lower left to upper right, and not trying to buy value plays.
A certain amount of diversity in sectors is prudent- Healthcare, tech- all contain subsectors -
I prefer ETFs rather than individual stocks - because it lowers the Risk factor exponentially- But I also narrow the sector by selecting from some narrow focused ETFs- as trading vehicles. Note that I also hold the broadest of n ETFS with positions in VTI and VXUS.

The potential realities of your condition- need to be recognized - particularly your concerns for the demenia aspect-
Obviously, you want to be able to hand over those financial responsibilities to your Spouse, which may seem difficult to ensure that she is as prepared for that day. Since you always handled those chores, it is time to prepare her, or to write down the essential steps you take - to ensure that can be continued should you not be able to perform .
With this reality, is there another family member that can be available to assist if needed?
At those times I may be forgetful,- or have a 'senior moment' I have immediate concerns that go back decades to seeing members of my family showing early dementia in the late 60's , while others retained all their faculties into their 90's. I hope I don't draw the short card, but knowing it is a possibility, I have taken steps to get my spouse involved in managing her own personal account- Should I be incapacitated - I would want her to turn to the Vanguard adviser group to manage those assets. We both have some assets with a professional adviser, but I think diversifying to the low cost Vanguard approach will prove prudent over the longer term .

I would recommend you consider the Vanguard service- They would essentially recommend diversification in 4 large funds- VTI, VXUS, BND, BNDX or, select from one of the target date funds offered by Vanguard, Fidelity etc. The goal there is to provide income and staying ahead of inflation.

I certainly wish you the very Best outcome - and ideally that will keep you mentally alert and on your toes over the years ahead- As you said, we all eventually have to deal with "Stuff" but when it's up close, personal , and in your mirror every day. that can be overwhelming if one allows it -

I do not focus on the market daily- catch Fast Money when i CAN- If I can assist you , and exchange ideas and answer your questions, I'm available to give you my perspective.
Presently I am holding TOKE, ARKF, ARKG, ARKQ, ARKF, ARKK BA, SKYY, PFE, VGT , VTI, VXUS, BND, BNDX and BA and PFE are the only individual stocks I own- PFE is a losing position , BA just took a position- the remainder i took positions in the prior week- Most had already been in uptrends -
My Best to you! SD











L

[sd]

Trade 5-29 - i.imgur.com/99WBgQk.png

FEYE was a midday recommendation by Jon Narrian on cnbc-
Characteristics of the chart-
It has not participated in a significant rally , well below the $15 range. from Feb. The Early May pop -followed by weeks of sideways/up price action is seeing a challenge to break higher today. Pop is likely due to the recommendation, but it was already up this am. Got home early and took a 100 share position. Stop-loss will be below the 30 ema- and under the recent price range.

I purchased SKYY last week-
SKYY has had a strong uptrend, and was right at it's prior Feb highs- I purchased due to the continuing uptrend - and noted that it has periodically broke through the 10 ema as a weekly pullback, but the trend resuming. This would negate the tighter stop I would trail - and I'm hoping that the uptrend can continue into June.
The continued uptrend since early April shows that the 20 ema was almost touched on the pullbacks, and so I selected the slightly wider 30 ema as a stop loss range-
This sets a stop at $63.10 under the entry cost, Risk is $5.00 - The chart demonstrates the position sizing Risk evaluation-@ -1.7%
40 shares @ $68.10 = $2,724.-- Risk = $40 x 5= 200.00 The specific Trading account value is $11,500.00.
The actual position is a relatively large $2,724/11,500 or 24% of the trading account.
SKYY is a cloud computing ETF- and I am more comfortable with an ETF overweight vs an individual stock. I also own a larger position in Vanguard in ARKW- so overlapping exposure in a relatively narrow market segment- It is easy to tend to buy similar stocks or overlapping ETFs- Which also makes them react similarly..
i.imgur.com/QRZxM7c.png
Sold TOKE on poor earnings from Canopy- Sold PFE for non performance the past weeks.

Waiting for President Trump to discuss China this pm.

Buying SNAP $18.77 on the potential try to break higher.
i.imgur.com/koMLFeB.png



Took a small position in GLD
i.imgur.com/kxedZ90.png

Took a position in Corporate Bonds -moving higher-VCLT -Vanguard acct.
Fed also purchased Corporate Bonds this past month

i.imgur.com/r0dUDgi.png

I had a small limit order for DKNG that never got a pullback from the recent breakout- Extended momentum move- not chasing,
Added some other conservative positions in the V account- Added to the exist BNDX, reentered BND, and entered Utilities -VPU with some size - which are considerably below the prior levels-
i.imgur.com/EAQmjPd.png


I also added to each of the various ARK funds by 50% -held in the V Roth account.

Lost the most recent edit-will try it again-
Chart here is a performance chart of one of the ARK funds - ARKF financial innovation-fund compared to the broad xlk

i.imgur.com/v4TfZsB.png

I was making a full disclosure of my net assets to keep things properly in perspective
Essentially I hold a Roth Trading account with IB - and use that primarily to speculate on stock positions- Net value is just $11,900 and an average spec stock position may be in the $1,500 range-or less- If there is a solid uptrend in place, I may increase the position size - Largest position held there is 60 SKYY - about $2,800.00-
I generally prefer the lower net RISK of holding ETFs vs betting large on a few stocks- If I had another 20 years, I would think differently.

In the Vanguard account I have both a ROTH ($49K) and a conventional IRA. ($141K ) Keep in mind - This represents decades of monies taken out of each paycheck- while the ROTH was after tax monies taken out of savings each year- I strongly recommend funding the maximum allowed into the ROTH- particularly at present low tax rates. I also have a separate portion of retirement assets managed by a "professional" adviser- That noted- I am still trying to build on these assets for the day I may actually decide to retire- As nest eggs go- I wish I had started at a much younger age and understood the power of compounding over time- but it is what it is.

With today's decision to add more into the market- I bought Bond funds, VCLT, added to BND, BNDX for about 14% account value in Bond exposure
I purchased 100 VPU today - the Utility fund -$13k for a net 7% account value exposure-
i added to fill the entire ROTH positions- ($49K) with my VGT and ARK Fund exposure-
I hold $78K in cash in the IRA- that represents 41% of the net total account value- (Roth + IRA)

The Growth element allocation relies on the ROTH fund exposures to provide the growth engine while only representing about 24% of net assets. VGT, ARKW,ARKG,ARKF,ARKQ,ARKK
This is a balancing act based on what I think is a still trending market and future valuations that are entirely unreasonable based on my view of the economy-
That said, you need to trade the chart- not your intuition.
Select ARKK for a single ARK fund exposure.

SD

[sd]

Glad I sold PFE last week- it dropped another -7% today! I was concerned with the ARKG funds pullback last week, but also added to the position on that pullback- looks to be turning up higher today-
I increased position size last week into the rest of the ARK funds, and - at least today, all are up....
FEYE had a nice gap higher today off of the low base. SKYY continues to trend higher- a preferred type of entry- go with the momentum that is already working...
I had taken a position in BA last week- and it immediately pulled back towards the recent week's base- I think the fact that BA was involved with the mission this week caught my imagination-
Likely should have bought TSLA instead-! Notice that TSLA gained +7% today with a gap higher move! Likely that was an add due to the success of Space X and Elon's 18 year investment!
GLD- minor position- still in a sideways range. VCLT- corporate bond fund- still incrementally trending- VXUS, and VTI - VXUS- gap up , vti marginally higher- uptrend none-the -less.
BND, BNDX Bnd up slightly, bndx down slightly...
VGT trending higher- making a new high this month- but still below the Feb highs-

It's amazing that with the social unrest over this weekend that the markets aren't rattled- Clearly indicating they believe there is a better day ahead.
Our company's office is in Raleigh -downtown- and every window was smashed in, the reception desk, chairs, furniture were dragged out into the street and lit on fire-
We have video of some anarchist smashing out the glass all along the street .
I Get the outrage of a man clearly killed by a law enforcement officer needing justice to be done- and also to those fellow officers who stood silently by and allowed this murder to be committed in front of them- when the individual was clearly no threat and was subdued , submissive and should have been taken into custody. I had heard- unsubstantiated- that there was
some prior bad interactions between the officer and this man- No excuse IMO.
Also, while this has sparked the pent up need to express the desire to see changes in enforcement- after all- he was being charged with passing an illegal $20 bill for some cigarettes-
There is no justification for the widespread looting and destruction that others took to , in order to capitalize by theft - on the hard work of other store owners- many who are minority owners struggling through this pandemic.