SPY has been choppy and consolidating for some time now

Weekly Dark Pool & Block Trades Newsletter

Welcome! Here is What’s On Watch This Week..

This week will are looking at the following stocks for bullish or bearish moves. If you click on the image it will expand for you to get a closer look at the levels. Please be respectful of us and the other members and do not distribute this information. 😉 Special Bonus -Join us Monday – Friday 7:30am EST for a daily live stream stock picking session using the smart money dark pool and block trade software from FlowTrade.

WOW what a great year so far and pretty soon you will start seeing the fruits of our labor, stay tuned for new guest speakers, and new product offerings.

@DarkPoolAlgo is using magenta as the regular smart money algo line, and white bars for price action. The dark pool algo line is super complicated and erratic and most times will not be used.

For Week Ending 02/11/22

$XLNX

XLNX – This one is poised for a continuation after a possible pullback to some key fib levels or the mean. We are looking to retrace to the daily 21EMA (the mean) $192 provided we do not overtake the 50 SMA or fall below a 50% fib retracement. The Ready Aim Fire and slingshot squeeze getting ready to setup. ATR of $14 means we can move with any volume. so be prepared to play up and down.

Support using the Keltner channels has us at the monthly cloud top major support we are below the daily cloud and weekly cloud so both of those are upside targets. $215, $220, $225. If we break below that monthly cloud we have daily and weekly mid and monthly cloud bottom at $190 break that and weee drop to daily bottom $170ish

The 15 min algo is bearishly diverged and has been net selling making lower highs and lower lows. A single dark pool block at 202.85 could be a magnet.

$TDOC

TDOC – Nice reversal from -3 ATR we have room up to the 21 EMA, 50SMA at $133. Daily ATR of $6.75 allows for solid daily moves. Squeeze is getting ready to fire off and we have a solid Elliot Wave pattern happening.

Support using the Keltner Channels has us at the 4hr Keltner Channel Bottom, then a tough rally to get through the weekly bottom on way to take out previous highs and the Daily KC bottom

The 15min algo is massively bullish diverged and we are at a Dark Pool Block Trade support level $109.08 With White Line block trade targets on the way up at $117.24

ETSY Tradytics charts

$ETSY

ETSY – Pulled back to -2ATR and looks heavy, below the 50, 200 SMA on the daily, very interested on the 50SMA if it bounces off the 200SMA. We broke support and either reverse here, and rally to the 21 EMA on daily – $155. If we break support the downside target is $120 which is -3 ATR. The Ready Aim Fire is curling around and we have a slingshot squeeze getting ready to fire off. Earnings within the next 21 days

Support using the Keltner Channels has us just below the 4hr bottom where we either retest breaking into the 4hr and Daily bottom or we fall to the monthly cloud bottom at $110 .

Contrarian we retest the 4hr mid and fail which means a move down to the monthly cloud bottom and 4hr bottom at $125. If we move up target the 4hr mid $145 then 4hr top Daily mid $155

The 15min algo is net buying and just broke out of a long term trend resistance.No blocks in the last 5 days to help us out, keep an eye on the Algo for higher highs and lows.

QCOM Tradytics charts

$QCOM

QCOM – We are trading just above the Daily 21EMA and 50SMA after a nice earnings report last week we will look for continuation, there may be a pullback or just launching so stick to your plan and support resistance levels. The Ready AIM Fire is firing off a mid thrust buy signal on the daily and a slingshot squeeze is setting up, sounds bullish right? Read on to the FlowIndex report.

Support using the Keltner Channels has us just above the 4hr mid where we fail and move to the bottom of the monthly cloud and 50% retracement $175 level, or the 4hr bottom 7 .382 retracement level $170. or we move up from here to the weekly cloud bottom $185, then up through some cloud resistance to the daily and 4hr top $190

The 15min algo is super BEARISH and diverged, previous divergences have been played out so any volume and momentum can really moon this stock. We have a dark pools and regular blocks at $179.47, $178.75, below that nothing has printed recently

QDEL Tradytics

$QDEL –

QDEL – We are trading below the 21EMA which is the Daily mean, and the 200 SMA way above price action this is usually very bearish, I am going to watch the 50 200SMA for a bounce. We are looking for the move back to the 21 EMA $110. POC at $137 so way above price acting as a magnet. Ready Aim Fire and a Squeeze on the Daily is about to release so looking for that run into earnings on Feb 17th

Support using the Keltner Channels has us right at the 4hr bottom and we want the move up inside to get us back into that and the daily cloud bottom. $100 key level and a psychological level as well. The move, up to the weekly cloud top, daily mid $108 so looking long above $103.50 if we break the bottom of the weekly and daily cloud below $98 looking at $96.50 then $91.50 below that woa $86

The 15min algo was trading with price action and is now diverged and curled up, previous divergences have been played out so any volume and momentum can help move us up. No Dark pools or blocks in the last 5 days so purely price driven and looking to wedge break up to the long side be sure to check trendline support as well.

Algos and Dark Pools are getting smoothed again..

SPY – Well the FlowIndex is all over the place with this one and price seems to be consolidating for a bigger move in a direction, it is unclear which way though, go check the $SPX or /ES for key levels. The flow index is dropped pretty hard and if we break this dual dark pool regular block channel things can get exciting again.

After another week of choppiness lets me use one of my favorite tools for this is Fibonacci. I plan on getting more aggressive as we get pullbacks as buying opportunities.

QQQ – It appears the divergences have been playing out after a week of beat downs in the market. $360 seems to be a key level as we have rejected it a couple times so on a break of that look for gap fill up to unfilled dark pool level at $368.74 magnet

IWM -Maybe some signs of recovery, as we have some bullish divergence showing up finally. We have worked our way up stair stepping through dark pools and regular block trade levels and a key break above $200 and we can move up higher, check out the higher highs and higher lows the FlowIndex is spitting out.

Again, I remind you that using FlowTrade yourself to monitor the algo and dark pool trend is going to give you the most confidence, if you check them weekly and study their behavior. It will take time for you to learn. Don’t trade while you are learning and don’t let a tool confirm your bias, or keep you in trade that isn’t panning out. Risk management is key for any trading strategy. I have seen some folks rush into using the software without really exercising patience. Seek to scrutinize everything. Review the sector ETFs, commodity ETFs, Individual stock leaders and see for yourself, and pick the strongest divergent or confluent stocks you can find to trade.

FlowTrade should be an important part of your setup going into the end of the year. Get your Free Trial HERE

SPY has been choppy and consolidating for some time now
SPY has been choppy and consolidating for some time now the flow index has dropped and is looking for some support levels pretty soon.
QQQ breaks the $360 level and runs up
QQQ breaks the $360 level and runs up
IWM flowindex algo from FlowTrade
IWM – Flowindex trading with price making higher highs and higher lows

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