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 12/31/21
$SNOW – Snow Flake Inc.
SNOW – This one is poised for a recovery. We are looking to retake the daily 21EMA (the mean) at $350. Forming a Bull Flag on the Daily, and just below the 50SMA. Ready Aim Fire and slingshot squeeze getting ready to release. ATR of $24.50 means we can move up to the $370 target.
Support using the Keltner channels means the move down to the 4hr mid for additional support/confirmation. The we can continue back up to test the 4hr top and move up toward the Daily top target.
The 15 min algo is steady bullish diverged and has been net buying since the 14th. We are in a falling wedge channel, with regular block trades at $349.22 and $354.82
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 – Etsy
ETSY – Pulled back to the Daily 200 SMA and is currently trading at -1 ATR, looking for the move back up the 21 EMA at $238.40 then the 50 SMA at $248.50. We have a bunch of squeezes getting ready to release, a Ready AIM Fire mid buy getting ready to release.
Support using the Keltner Channels has us just below the 4hr Top and Weekly Mid. Looking to overtake that and move up to the daily mid.
The 15min algo is net buying and in a channel on the way up, super bullishly diverged and price is forming a triple top, and both are forming a wedge breakout attempt, we are right at a dark pool block trade at $228.09
$NFLX – Netflix
NFLX – We are trading right at the 21EMA which is the Daily mean. $620 is a key psychological level and we have POC at $635ish. We are looking for the move to the daily 50 SMA and the $640 level. We have a slingshot squeeze forming, and a Ready Aim Fire getting ready to release.
Support using the Keltner Channels has us right at the 4hr top and we want the move up to the Daily top using the 4hr top as a springboard.
The 15min algo is trading with price action and curled up, previous divergences have been played out so any volume and momentum can light the gas on this stock. Wedge breakout forming and price is being squeezed from overhead resistance and upward support. WE have a dark pool block trade at $614.24 that is currently support as well.
WYNN – Trading at 1 ATR and above the Daily 50 SMA this thing can launch from here “Wu” reversal on the daily, sling shot TTM squeeze, and a Ready Aim Fire mid thrust buy has everything set for the 5 ATR stock to move up to $95 the $100.
Support using the Keltner Channels has price moving just above the 4hr midtop and daily bottom cloud. Getting into the Daily cloud is key for the move to happen, through the Daily top and we use that for support for the larger move up.
The 15min algo is moving with price action and is leading the way, will be watching for the curl up to continue pull price higher. The Algo is consolidating leading me to believe rotation may occur. We have a regular and a dark pool block trade at $85.94 this is a key inflection point.,
$PYPL – Paypal
PYPL – With a Daily ATR of $7.8 we are trading at the mean as far as standard deviations go. A move to the 50SMA on the Daily puts us up at $215 area and that is a good level to target this week. We have several high compression TTM Squeezes, and a Ready Aim Fire Mid thrust buy signal.
We at at the top of the 4hr Keltner Channel and a break above would provide good support. The Daily KC top is at $197.84 and has been a road block before, cracking $200 and we move quickly
The 15min algo is still bullish and trading with price action, it has pulled back and is forming a wedge, price is rising to previous resistance and we have a ton of regular and dark pool block trades to act as support and resistance. The regular level is $192.47, the dark pool is $192.01, support DP levels are $191.68 and $191.55
Algos and Dark Pools are getting smoothed again..
SPY – The algo is trading below price action and is bearish diverged. However it is also forming a flag so keep an eye on it for a breakout. Price could use a pullback for a longer term rally.
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. The algo is making higher highs and higher lows which can continue to be bullish for tech.
IWM -Smaller caps rallied last week and the divergence has played out, we are looking at continuation in the upcoming weeks off of strong dark pool and regular block trade support. If the algo can break its overhead resistance we can see more rotation into small caps.
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