Traders: The Weekly Whisper from the Dark Pool

Focus: STOCKS

Stefanie Kammerman Image Stefanie Kammerman Founder, Stock Whisperer Trading Co.

Love this one. We spotted this one at $28.81, you guys this is where the Dark Pool is buying them, if you recall two weeks ago I told you to watch $30.50, if we can close above that, wow, a lot more room to go and wow, we hit $35, this is a really big level, you definitely want to take profit off the table. This is a big resistance area, definitely take that profit. That was a fantastic week following the Dark Pool.

Also, bullish on Consolidated Edison (ED) , love this one, has a nice dividend, I loved it above $78, my target is still around that $80, as long as it stays above $78, if not, we will not be bullish about ED.

Also, Gold (VanEck Vectors Gold Miners ETF) (GDX), closing above $20.50, as you can see, finally it did have a really nice popup, right above that simple moving average, we’ve been getting a pullback, we’ve been spotting sell prints on the miners yesterday (April 18) in my trading room, so until we sell buy prints again, I’m not jumping in.

But here’s a big one, remember I told you about the massive sell prints on XLF? Well guess what, I didn’t know Goldman Sachs earnings were going to bomb out, but somebody did. They were selling this financial ETF hard the other day at $23.59. This has been a great trade on the short side.

So, what are we watching this week? Juniper Networks (JNPR), I spotted big prints today (April 19). Today, there’s a 2 million print at $27.80, yesterday (April 18), we had a 3 million print at the same exact level $27.80.

So this is going to be a key level, so let’s just draw a line right there $27.80, bullish above, bearish below, we have these big prints so let’s see if we can have a little bit of a shake.