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.
This week is a little funky, while there is divergence IDK if it is strong enough to pull some of these picks up from the bearish direction they are in. I have tried to include both an upside and a downside review. Please check the YouTube Channel for all the reviews I did this week.
@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 12/17/21
$AMZN – AMAZON
AMZN – This one can go either way Possible downside move to $3361 to confirm the Daily 200 SMA as support, that would be -1.5 ATR away from the 21 Daily EMA. Or $3273 – 2 ATR – OR up to the POC at $3495 then the 21 EMA at $3520 before extending to the .618% fib at $3600. On the intraday chart we are at a 50% retracement and forming a bull flag.
Support using the Keltner channels means the move down to the 4hr top for additional support/confirmation. To the upside are have the .618% retracement then the 4hr mid.
The 15 min algo is steady bullish diverged and has been net buying since the 6th. We have upward trendline support and regular block trades at $3427.37 and $3444.24 as we move up to dark pool levels of $3483.42
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
$BNTX – BIONTECH
BNTX – What a pullback almost to the Daily 200 SMA and -1 ATR. If we reverse here I like the 50 SMA as first target $275.76, then up to the 21 EMA $300. Daily ATR of $30.68 we have a wide range of movement.
Support using the Keltner Channels has us inside the 4hr Bottom, Daily Bottom. Outside of the Monthly cloud so we have to get back inside that. We have room to move up to the 4hr mid and $285 then the monthly cloud top $295 to hit our targets above.
The 15min algo is net buying and in a channel on the way up, super bullishly diverged and price is forming a wedge, no recent regular or dark pool trades to guide us but has a nice gap to fill soon.
$NTES – NETEASE
NTES – What a pullback to the Daily 200 SMA and -2 ATR. If we reverse here I like the 50 SMA as first target, then up to the 21 EMA. Daily ATR of $5.6 we have a wide range of movement. $110 is target 1 the mean, then +1 ATR at $110 excited for the 50SMA crossover the 200SMA, if the 200SMA breaks we have support at $98.50
Support using the Keltner Channels has us above the 4hr Bottom, at the Daily Bottom. We have room to move up to the 4hr mid $104.50 then the and then 4hr top $107 to hit our targets above.
The 15min algo is net buying and stair steady gaining its way up, super bullishly diverged and should start to move price up with it towards Dark Pool block trade levels of $104.08, $105.77 and target $107.34
$UBER – UBER
UBER – Trading way below -1 ATR and everything being seriously oversold, we are looking to play the reversal off of a long running demand zone. Above $38 for a move to $40+. IF we break below the demand zone support at $36 then we have to look at an extended downside target.
Support using the Keltner Channels has price moving just into the 4hr bottom and weekly bottom cloud. This is decent support with resistance of the 4hr mid $38.00 then up to the 4hr top at $39 ish
The 15min algo is diverged and stair stepping slow grind up, indicates steady amounts of inflow. We have been consolidating for several days. Regular block levels up top are providing a supply zone and we have a dark pool support level at $36.67 with lower support at $35.95
$ZM – ZOOM
ZM – With a Daily ATR of $17.44, we have range. We pulled back to -2 ATR and held support, the RAF Pro is curling up and getting ready to fire a reversal signal. There is a chance we are setting up for a move to the downside stay nimble and look both ways.
Above $200 and we can look long lots of overhead resistance on the way up. I like taking a fib and plotting both directions. The 4hr 50 SMA is the key to break for a true reversal
Keltner Channel support at the 4hr bottom is below price at $181.75 and we are in the Monthly Cloud bottom. This is pretty decent support but if the 4hr breaks nothing is in the way to the monthly bottom
The 15min algo is still bullish diverged and fairly newly formed. We have Dark pool block support at $186.91
Algos and Dark Pools are getting smoothed again..
SPY – The algo is trading with price action and is super choppy. Currently upward pointing, SPY has a regular block trade below its current levels interesting. We are either consolidating for a massive move and the inverse head and shoulders make me think upwards.
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 – We have been trading with price action for the last couple days. The Algo is making lower lows and lower highs, and price action is now starting to diverge from it. Multiple dark pool and block trades are providing support and we can get heavy if we take out previous lows. We need to have a couple down days to form an inverse head and shoulder, please note there is a downside gap.
IWM -Well its about time the divergence is bullish finally. Dark pool support and the algo being angled vertical leads me to look into smaller caps this upcoming week. I wish AMC was not so heavily weighted in IWM
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