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 8:30am EST for a daily live stream stock picking session using the smart money dark pool and block trade software from FlowTrade.
Please take a minute to review the images, if you click on them they will enlarge. I have added a new options algo flow vs price action images lots of data available. ALSO there are zip files attached to the review, please download them as they have a bunch of data inside. I have add some ADR screenshots since that market is coming back to life, notable there is an opportunity in ADR’s this week and they have strong bullish 15min Algo divergence.
@DarkPoolAlgo is using magenta as the regular smart money algo line, and the yellowish is the dark pool algo line. The dark pool algo line is super complicated and erratic. I am placing it on the charts to show potential deviation in direction only.
For week ending 11/26/21
$CRWD – CROWDSTRIKE
CRWD – Is this a pullback or a down trend that is what I have been asking myself. We have pulled away from the mean (21EMA Daily) and are close to upward trendline support on the daily. If we reverse bullish we can setup the “Wu” Reversal which is a DOW 123 reversal pattern. Entry above $274.50 for the 3rd wave long is the safer play. That $265 level is going to be a decision area since we have the 200SMA on the 15min right there.
Support using the Monthly, Daily, and 4hr Keltner Channels is one reason I like CRWD for a reversal here. A move above $265 puts the 4hr KC top at a previous high and above that we have lots of room up to $296.
The 15 min algo is steady bullish diverged and has been net buying since the 15th. Regular block trades at $264.72, $268.12, $270.65, and $273.43 are the roadmap for a new high
DOCS – We are looking and waiting for a downtrend reversal currently trading at -1 ATR the reversion to the mean, POC, and VWAP on the daily is at $71, we have a move up to the 200SMA at $65.20 we have to get over first to be a true trend reversal.
Support using the Keltner Channels has us at the Daily KC bottom below the 4hr $65 is the magic level putting us back into the 4hr KC bottom and a new higher low. I like the $70 target for this week since we have a short week ahead of us.
The 15min algo is massively bullish diverged and we are at a Dark Pool Block Trade support level $61.21. With Regular block trade targets on the way up at $64.50, $66 We run into Dark Pools at $67.10 and $69.48 fitting nicely in that $70 target window
WDAY – After rallying to +3 ATR we have pulled back pretty hard to the Daily 21 EMA (mean). POC and VWAP at $290 puts us above the 200SMA on the 15min chart stacked positive moving averages 8,21,34 EMA and 50,200SMA on the 15min chart makes me think we gap and go or steady climb early in the week.
Support using the Keltner Channels has us inside the 4hr Bottom, Weekly Channel and Daily Mid. We have room above $290 to move up to the $300 magnet. We may have some profit taking at $295 so I like that as a TP1 level towards the $300 Price target.
The 15min algo is net buying and stair stepping its way up, super bullishly diverged and dragging price up with it towards Regular block trade levels of $290.57, $291.28, $292.73, and $293.48 above that we move rapidly to $300ish.
CSCO – This is my least favorite ticker this week so that means it will probably rip faces. Sudden drop to -3ATR’s we are being held up by the Daily 200SMA. $56 is the target putting us back to the daily mean (21EMA) the 50SMA and above VWAP, POC is at $57 so that may be the target for this week. We have stacked moving averages on the 15min chart which lends to my bullish position.
Support using the Keltner Channels has us above the weekly but outside of the Daily and 4hr. Above $54 puts us back into those channels and will provide support for a move up to Monthly KC bottom, Daily mid and 4hr top target of $57. $54.30 may be a little resistance and could be a good entry point.
The 15min algo is diverged and stair stepping vertically, indicates lots of inflow. We have a Dark Pool Block trade overhead at $53.72 then a gap to fill before we hit regular block levels at $56.50, $56.64 and Dark Pool levels at $56.76 and the $57 target.
MTCH – Yes this is a carry over from last week so alot of the setup is still valid. Still trading down at -2ATR we have room back up to VWAP and POC at $156 watch out for 200SMA on daily overhead at $154. WE are at a demand zone and an entry above $143 makes the most sense.
Keltner Channel support is actually resistance and we have to get back into the Daily and 4hr to confirm a move long. That $143-$144 level is key, above that we move easily up to $150 4hr top, above that we have the weekly, daily KC mid at $155 so for you swing traders a possible runner could be worth it.
The 15min algo is still bullish diverged and stair stepping its way up. We have Dark pool support resistance if we get above a level it will be support until then they are resistance. $140.95 then $142.39, if we get up there then we target $146.75 and $147.61
Algos and Dark Pools are getting smoothed again..
SPY – The algo is trading with price action and is in an uptrend. Dark Pool clusters are providing support from $468.89 to $469.08 about every .50 upward is another Dark Pool level, there are no regular block trades which could be lack of retail interest at these levels. We made a higher low so if we hold upward trendline support we could move higher, keep in mind the short week so being cash heavy is always an option.
After another week of making all time highs it would be healthy for some retracement, one of my favorite tools for this is Fibonacci. I plan on getting more aggressive as we get pullbacks as buying opportunities.
QQQ – We have separated from the price action and the algo is making higher highs, and higher lows. Price action is being supported by a Dark Pool cluster again no regular blocks have printed in the last 3 days. The cluster is at $403.72 to $404.25 then a gap to $404.95. To the downside there is a lone DP block at $401.75 that printed at the EOD Friday – Very interesting.
IWM -I am disappointed in this one for sure thought we would get wootie. The Algo is trading with price action and failed to make a higher low. Price is stair stepping down and has a massive cluster of Dark Pools, there are 2 Regular block levels at $233.56 and $233.76 Dark pools range from $232.50 to $233.97 then a gap to $234.69
Here are the ADR’s of interest this week, $JD, $BABA, $PDD – I see some strength taking hold in these names and like JD the most, it has some serious bullish divergence and should play nice this week.
There is a huge opportunity to move up this week, led by JD which has the algo trading bullishly with price action. BABA has very new bullish divergence and is at regular and dark pool support $140.34. BIDU has the algo and price both net selling and has a Dark Pool holding it up at $151.77 if we reverse their is a regular block at $154.36. PDD oh boy what happened? Algo and price are both net selling no regular or dark pool levels to help out. I am looking for a reverse soon.
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