Energy markets are experiencing their own March Madness, notes Phil Flynn, senior market analyst at ...
The Weekly Whisper from the Dark Pool: Nvidia
09/14/2017 2:57 am EST
Stefanie Kammerman, the Stock Whisperer, to tell you the Whisper of the Week: Nividia (NVDA). And, past Whispers on Starbucks, Delta Air Lines, Wells Fargo and American Outfitters in my weekly Thursday video and transcript.
Before we get to this week’s Whisper, let’s talk about the last week’s Whisper. At the end of August, if you recall, August 30 we had our eye on a couple of things.
Starbucks (SBUX) we really loved it if it could break above $55. Well, guess what? It couldn’t. It pulled back. If you followed my Daily Whisper on Sept. 11 that I loved Starbucks above $53.35, we had some massive Dark Pool activity and really had a nice popup today (Sept. 13). However, it hit this upper trend line. Would love it to break above $55 and a much bigger trade.
Also, if you recall, we love Delta Air Lines (DAL) above $47. This thing finally took off.
Now last week, I whispered about Wells Fargo (WFC). We had some really unusual prints come in and guess what, it popped above $50, our entry level. And it popped to $52 Sept. 12. A lot of my traders were trading Bank of America (BAC), that was my whisper this morning. Loved Bank of America. Money is definitely flowing into the bank stocks, millions and millions.
Also, last week American Eagle Outfitters (AEO). I love this. We had a massive print come in, bullish above $12.75 and Sept. 13, popped all the way to $13.50. That was our second target.
So what are we watching today? Well, it just so happens, I spotted a very, very unusual Dark Pool trade on Nvidia (NVDA). Check this out, 880,000 thousand shares traded at $171. It doesn’t happen every day so we are definitely going to keep our eye on it. The trade happened at $171, so we’re going to be bearish below that. I tweeted out on Stock Twits if you follow. If not let me show you. Bullish above $171.25. Bearish below $170.50. Well, at the end of the day, this tanked, so we’re going to be bearish below that, so we need to keep an eye Sept. 14 on the $171 level.
Come watch me trade all day long in the Java Pit. Happy trading everybody!
Recorded: Sept. 13, 2017
Related Articles on STOCKS
A couple of weeks ago I had an extended exchange with a friend of mine who is an oil man in Oklahoma...
Inevitable downturns are part of the investment process; however, we see no reason to alter our enth...
Signature Bank (SBNY) began operations in 2001 and is now one of the 50 largest banks in the country...