The Weekly Whisper from the Dark Pool: ABX, EEM

06/01/2017 2:57 am EST

Focus: STOCKS

Stefanie Kammerman

Founder, Stock Whisperer Trading Company

Stefanie Kammerman, the Stock Whisperer, here to tell you the Whisper of the Week from the Dark Pool for May 31: ABX and EEM. And a recap of past Whisper performance of AA, NUAN and NKE in my weekly Thursday video and transcript.

Before we talk about this week’s Whisper, we have to talk about last week’s Whisper. Last week on May 24 I had my eye on Alcoa (AA) But only loved this stock above $34. You can see there’s a high-end resistance channel. It needed to break above. Could not. We’re still there.  Therefore, we did not make this trade.

Also, we had our eye on Nuance Communications (NUAN), we spotted huge prints coming in at $18.80.

We were bullish above $19. Well, it did not go above yesterday when it broke above $18.80.  If you were in my live trading room, we took a phenomenal trade just above $18.80 and rocketed to a little bit over $19. Today (May 31) however it was a fantastic trade on the short side above those prints. As you can see it was kind of squeezed in between this wedge so I would be bearish if she can close below this wedge, which would be $18.20 and of course still bullish if it can close above $19 for swing trading. Still going to watch this stock.

But the big winner was Nike (NKE). My traders were rocking this stock. If you recall we had prints at $52 and $52.45. Bullish above $52.50 went as high of $53.27. I love it, you can see though it’s having a little bit of a pause so I would watch for a close above this high-volume doji moving forward $53.27. Remember, high end target is around $54.

So, what are we watching today May 31? Huge enormous print came in today on Barrick Gold (ABX) if you follow me, I even put it in on my Dark Pool app. Huge 5 million print on ABX. That’s gold. Highly unusual $16.52. How are we going to trade this? Well big prints have big splashes. You can see it’s stuck in this wedge here. So, I’m going to be bullish above the prints of course but I’m going to go a little bit higher, $16.75 tomorrow June 1, June 2, if we can break above $16.75 and I’m going to assume it was a smart money buy and I’m going to have a high-end target of $17.50 however if it does break below the price, I’m even going to go about $16.37, If it goes below that, I’m going to be bearish and my first target is going to be $16. That’s how we’re going to trade that.

Also, today we spotted heavy volume coming into the emerging market iShares MSCI Emerging Market ETF (EEM). Here’s what I’m going to show you, seasonality.  I love it. On equityclock.com, you can look up so many stocks. Check out what the stock normally does during this month and you can see June has not been a good month for EEM in the past, but I do like to combine that with prints. We spotted tons of prints coming in today (May 31) at $41.20 and $41.15. So, this is how we’re going to trade it. We’re going to be bearish below $41 So tomorrow, if she trades below that, definitely bearish. However, if it breaks above $41.40-$41.37 area, I’m going to be bullish on EEM.

If you’re interested in signing up to be a beta tester for my Dark Pool app, send me an email. Let me know if you’re Android or Apple.

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

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