The Weekly Whisper from the Dark Pool: USO and XLF

07/06/2017 2:55 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 July 5: USO and XLF. And, a recap of past Whisper performance of X and LVS in my weekly Thursday video and transcript.

Before we get to this week’s Whisper, we have to talk about last week’s Whisper. Last week June 28 if you recall, had my eye on a few stocks. The first one was United States Steel (X). Only bullish on a close above $22.50. And you can see, even though it rallied, it could not close above that level. It is so significant and we’ll continue to watch that moving forward.

Also, we were watching Las Vegas Sands (LVS). It could not break above my $65 level. You can see, it kinda tried, but only went up to $64.90 the next day. Close below it. Again, continue to watch that but no trade.

But a big winner. iShares Barclays Aggregate Bond Fund (AGG). A 9 million share print at $109.88. We were bullish above $110, and you could see it could not close there. We were bearish below $109.50 and look what happened on Monday of this week (July 3) finally broke down. Great trade to the short side, a lot of traders were shorting the bond ETF.

So, what are we watching this week? Oil. United States Oil Fund ETF (USO) Everyone is watching oil, July 5, oil was getting sacked. A lot of reasons for the selloff. Here are the five reasons:

--Saudi cuts oil pricing.
--Russia. Try to blame it on Russia.
--Oil exports rise.
--Iran.
--Volvo. Only going to make electric and hybrid cars in 2019.

The Dark Pool, which they failed to mention, was selling big time this morning (July 5). Look at this huge trade on USO, 8.9 million shares. This is huge Dark Pool action, right after the bell at $9.53. And I loved it so much I had to tweet it out. There it is on my Dark Pool app: First thing this morning, bullish above $9.62, bearish below $9.40. This was a fantastic short this morning in my Trading Room. All you have to do is follow the prints.

And this is the Whisper of the Week.

We’re only going to be bullish moving forward if USO can break above where the big boys are selling at $9.53, except I like to take it a little bit higher so we’ll be bullish above $9.60.

Also, want to bring to your attention we had a 3.6 million print on Financial Select Sector SPDR Fund (XLF), the financial ETF on Monday at $25.16. Going to be bullish above, only if she can break above $25.20. Going to be bearish on a close below $25.

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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