JPMorgan (JPM) has broken out to new highs this week, but sits near a perilous technical level, writ...
The Weekly Whisper from the Dark Pool
04/27/2017 2:49 am EST
Hello there, Stefanie Kammerman, the Stock Whisperer, here to tell you the Whisper of the Week April 26.
But before we get to this week’s Whisper, you know what we’ve got to talk about. Last week’s Whisper.
If you had a chance to listen last week April 19, we were launching Ford (F). I love Ford above $11.30 because we spotted Dark Pool buying coming in at around $11.25. If it can break above $11.30, this thing is going to rocket. And oh boy, did it, it went above $11.70 today (April 26).
Also, last week, we were watching GE. We were bullish above this $30 level. First target was $30.50. When earnings came out in my Trading Room we spotted selling at $30.70 and $30.50. Therefore, it went all the way back down ($29.29 close April 26). I will let you know when the buyers come back in on this one.
Also, the big winner Juniper (JNPR). Love Juniper. We spotted millions and millions of Dark Pool and if you recall, we were bullish above $28 and we were bearish below $27.60 and this thing took off like a rocket and hit my target of $30 today (April 26). Looks like sellers came in at the end of the day and definitely wanted to take their profit.
So, what are we watching next week? Well, fresh off the printing press iShares Barclays Aggregate Bond Fund (AGG), we had a 950,000-share print at $108.88 and another 272,000-share print at $108.88. This is a bond ETF. Let me pull up this chart for you. OK, so it’s really easy guys, we’re going to be bullish on a break above $109. tomorrow. April 26 is today, April 27 is tomorrow, so if she can break above $109, this thing is most likely going to happen.
We have a really nice rally April 26.
Also, watching Cemex (CX). I want to pull up those prints and show you. Well, we had a million share print today (April 26) pretty big in its after earnings, which I love $8.96. This is going to be the level to watch. We’re going to be bullish above that and there’s a lot of room to run to about $9.50 and $9.60 and of course in the bigger picture, if it can break above this trend line there’s a lot more room to go to about $10. The key level is to be above those prints. As long as it stays above that, so we’re bullish.
And one more. Verizon (VZ). Verizon already had earnings, they sold it down and we spotted some buying coming into VZ today (April 26), so let me show you those prints that we had on it today. Pretty big ones at $46.96. Another really big one at 960,000 at $46.97. So, easy. We’re going to be bullish as long as it can stay above that $47 level, first part it would be $48.50.
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