By Licia Leslie
March 23, 2025
Hi Shoppers,
ARK Innovation (Ticker: ARKK) looks ready to bust out over the median line:
It has just closed over the 200 day moving average on Friday.
Wait for it to clear $51.83 and ride it up to $57.05
Implied volatilities (the prices of options) are finally coming down so you should be able to scoop some decent calls.
Use a nice tight stop loss with a close below $50.90.
Trade Review
The S&P 500 Index (Ticker: SPX) is still trading in that box range between $5600 and $5700. Until it moves outside of that range buy low and sell high.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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