Chart of the Day - Friday, September 19, 2025
September 19, 2025
- The Ark Innovation ETF ($ARKK) notched its highest close since January 2022 this week, gaining +8.1%. It gapped above resistance at $79 on Monday and finished near the highs today.
- $ARKK had been consolidating in a tight two-month range below $79, which aligned with the 38.2% Fibonacci retracement of the bear market decline. The next retracement level is near $110, or roughly +30% above current levels.
- Donovan notes that $ARKK also broke out to multi-year highs versus the S&P 500, with $ARKK/$SPY emerging from a three-year base. While $ARKK is still dealing with overhead supply, it's sharply outpacing $SPY this year (+50% YTD vs. +14%).
- Top Weights in $ARKK:
- 1.) $TSLA - Tesla Inc. (12.0%)
- 2.) $COIN - Coinbase Global Inc. (6.3%)
- 3.) $ROKU - Roku Inc. (6.0%)
- 4.) $RBLX - Roblox Corporation (5.5%)
- 5.) $TEM - Tempus AI Inc. (5.5%)
The Takeaway: $ARKK broke out to multi-year highs in absolute and relative terms this week, signaling further upside and potential alpha in the months ahead.
