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 12/24/21
$DOCU – DocuSign
DOCU – This one is poised for a recovery. We are looking to retake the daily 21EMA (the mean) at $190. Ready Aim Fire and slingshot squeeze getting ready to release. ATR of $18.40 means we can move there in a couple days.
Support using the Keltner channels means the move down to the 4hr top for additional support/confirmation. Then the Daily cloud bottom at $160-$165
The 15 min algo is steady bullish diverged and has been net buying since the 12th. We have upward channel support and a white line block cluster at $155.37 as support
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
$AMBA – Amberella
AMBA – Pulled back below the 50SMA and -1 ATR. If we reverse here I like the 50 SMA as first target $187, then up to the 21 EMA $194. Daily ATR of $18.5 means we have a wide range of movement.
Support using the Keltner Channels has us inside the 4hr Bottom. Outside of the Weekly cloud so we have to get back inside that. We have room to move up to the Weekly bottom, 4hr mid and $195 target.
The 15min algo is net buying and in a channel on the way up, super bullishly diverged and price is forming a “Wu” reversal, no recent regular or dark pool trades to guide us but has a nice gap to fill soon.
$ADBE – Adobe
ADBE – What a pullback to below the Daily 200 SMA and -2 ATR after a bad earnings. If we reverse here I like the 200 SMA as first target, then up to the 21 EMA / 50 SMA. Daily ATR of $34.50 we have a wide range of movement. $580 is target 1 the mean, then $600 if we reject the 200SMA look for a move to the downside
Support using the Keltner Channels has us below the 4hr Bottom, at the Daily Bottom and barely inside the Weekly bottom. We have room to move up to the weekly cloud top at $575 and then through the 4hr/Daily bottom up to $600
The 15min algo is net buying and almost vertical on its way up, super bullishly diverged and should start to move price up with it towards regular block trade levels of $555.64 is resistance then support
ETSY – Trading way below -1 ATR and everything being seriously oversold, we are looking to play the reversal off of the daily 200SMA. Above $220 for a move to $250 this puts us back at the daily 50SMA.
Support using the Keltner Channels has price moving just into the 4hr mid and daily bottom cloud. This is decent support with resistance of the 4hr top at $230. We are also bull flagging on the intraday chart
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 at $219.72 and a Dark Pool block at $217.66 will provide support if needed.
$CAR – Avis Budget Cars
CAR – With a Daily ATR of $23.48 we are trading at the mean as far as standard deviations go. A reversion to the mean puts us at $260. RAF is starting to curl around
We ended up closing above the 200SMA on the 4hr, we have stacked positive moving averages and a little work to get above VWAP and out of the ICHI cloud.
Keltner Channel support at the 4hr bottom is below price at $217.50 and we are in the Daily Cloud bottom. This is pretty decent support but if the 4hr breaks nothing is in the way to the weekly mid.
The 15min algo is still bullish diverged almost vertical and fairly newly formed. We have Dark pool block support at $216.54
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. Price action has made a higher low and we have room to move up to some dark pool magnets at $465
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 resting at trendline support. Multiple dark pool and block trades are providing support and we can get heavy if we take out previous lows. We need to pay attention to the possible head and shoulders forming, please note there is a downside gap that we did end up filling.
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 think some gamma short squeezes are setup for the end of the yearl
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