Traders: The Weekly Whisper from the Dark Pool

04/06/2017 11:30 am EST

Focus: STOCKS

Stefanie Kammerman

Founder, Stock Whisperer Trading Company

Hello there, Stefanie Kammerman, The Stock Whisperer, here to tell you the Weekly Whisper April 5. But before we get to this week’s Whisper, let’s talk about last week.

So, last week, if you had a chance to listen to the Whisper, we were bearish on the SPY (SPDR S&P 500 ETF Trust) as long as she was below $236.55 level, that a massive 50 million Dark Pool level. So far, we have closed below that every single day. So even though we popped up today on April 5, we still closed below it. So therefore, we’re going to remain bearish.

We also had our eye on Potash (POT). We were only bullish on a close above $17.25, so therefore no trades.

But a trade we were hot this week was Whole Foods Market. (WFM). This was hot. If you recall, this was a Dark Pool buying on this guy on a $28.81 onset level and it hit our first target on $30 and our second target of $31. But guess what? We have a upthrust candle today April 5 and that is a bearish candle pattern. Only if she can close above $30.50 would I go back into this trade.

Another trade we were watching MRO (Marathon Oil Corporation). If you recall, bullish above $16 and it finally yesterday, April 4, it broke above and had a really nice pop up there.

So, what are we watching this week?

Well, I’ve got my eye on a couple of things.

Consolidated Edison (ED). While the market was going down today (April 5). Guess what? Consolidated Edison was going up today. And I have a target of $80 on the high-end channel. If Consolidated Edison can break above $80 then this thing’s has got a lot more legs to go.

Also, GDX Gold (VanEck Vectors Gold Miners ETF) is definitely worth watching. Here are my primary levels on GDX and I’m going to be bullish on a close above $23.50. It’s been trying to close there for a couple weeks now. Unable. But it looks like it’s revving up its engine. It’s got a tremendous amount of volume today (April 5). So as long as she can close above that, I absolutely love that.

Watch the financials. XLF (Financial Select Sector SPDR Fund). We had massive Dark Pool action on April 4. I haven’t seen prints like this since November. And you know what happened, right? We rallied all the way up. Well, guess what? Looks like selling at the top here. Seven million, actually nine million. Look at these big prints $23.59. Nine million. So as long as we stay below that, I’m going to be bearish on the financials.

Watch Stefanie Kammerman, The Stock Whisperer, trade in Java Pit Live Trading Room here...

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