As much crap as I’ve given Cathie D. Wood over the years, I’ve got to say that her ARKK fund has really turned the corner. As you examine the ratio chart of ARKK to QQQ, you can see how ARKK has hammered out a very impressive base and looks like it could potentially execute a powerful breakout. This could represent as important a bullish event for Ms. Wood in contrast with the bearish top (pink zone) which presaged the relative wipeout of ARKK compared to tech stocks in general.
