— Mark Ungewitter (@mark_ungewitter) July 26, 2022
Today’s Chart of the Day was shared by Mark Ungewitter (@mark_ungewitter). It’s a chart of the Ark Innovation ETF ($ARKK) over the past six months. The five largest holdings in this ETF include $TSLA, $ZM, $ROKU, $TDOC, and $CRSP. Mark points out that $ARKK is rolling over again after bouncing nearly 34% off its June lows. It failed to hold above its recent breakout level around $45, which suggests we could revisit those June lows around $36-37 in the coming weeks.