The Weekly Whisper from the Dark Pool: XLF, NKE

06/08/2017 2:59 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 June 7: Financial Select SPDR Fund (XLF) and Nike (NKE). And a recap of past Whisper performance of ABX, EEM 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 (May 31) we had our eye on Barrick Gold (ABX). If you recall, we spotted 5 million print, that’s right, 5 million, at $16.52. We were bullish above $16.60, we were bearish below $16.40. And this was a phenomenal strangle.  Both sides made money off this print. You can see first ABX came down to about $16, then it rallied above the print above $16.60 for a great long trade all the way to $17. I still like it because it is still above the print, as long as it stays above, going to be bullish on ABX.

Also, if you recall we had some big prints on iShares MSCI Emerging Market ETF (EEM), the emerging markets ETF. We had big prints at $41.15, also $41.20. Only bearish below $41. You can see on the chart here that she cannot break below instead it rallied all the way up to $41.85. Well, guess what I spotted yesterday (June 6)? That’s right. More prints. That’s right. $41.75. So, keep your eye on that, going to be bullish only above that level.

Well, guess what we spotted massive prints on June 7 on Financial Select SPDR Fund (XLF), the financial ETF.  And we spotted 3 million print at $23.46 and a 2 million print at $23.58. Now take a look at the daily chart. I’ve drawn just one single trend line going all the way down. You can see it’s been in a bit of a downward trend, forming a bit of wedge here. But guess what happened today? She broke out and we had some massive prints. Look at the volume that game in today. So, I’m going to be bullish on XLF as long as she can stay above $23.60.

And guess what next week is? Fed. That’s right. Supposedly, they’re going to raise rates next week so watch those financial stocks. The prints always come first.

Guess what we spotted yesterday? Remember Nike (NKE) was our Whisper couple weeks back. Bullish above $52.50.  Guess what we spotted yesterday (June 6) another massive print 2 million at $52.50. Still, love it going to be bullish. And my target is $54.

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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