$ARKK is looking more constructive

For the first time in months, Cathie Wood’s ARKK is showing some signs of life as it managed to close above the recent channel resistance. In case the market continues to grind higher in the coming week, watch this ETF for a possible catch-up play. It has plenty of free room on the chart to $50 before encountering more resistance. We are long some call options as the risk/reward is quite favorable.