Albemarle Corp. (ALB) develops and markets engineered specialty chemicals worldwide. The company foc...
The Weekly Whisper from the Dark Pool: LQD, SLV, MNST
09/28/2017 2:57 pm EST
Stefanie Kammerman, the Stock Whisperer, to tell you the Whisper of the Week: on iShares iBoxx Investment Grade Corporate Bond Index (LQD), IShares Silver Trust (SLV), and Monster Beverage (MNST) in my weekly Thursday video under five minutes and transcript.
Before we get to this week’s Whisper, let’s talk about the last week’s Whisper. You know the drill! Last week, Sept. 20 we were bullish on Energy Select Sector SPDR ETF (XLE). We spotted those massive Dark Pool prints at $66.88. We were bullish above $67 and wow, this thing has been riding up the hill. Took really great profits and traders are still in it and still loving it.
Also, brought to your attention Comcast (CMCSA). We had some massive prints coming in, $37.20 and $37.50. We were bullish above $37.75. Also, this thing also had a fantastic day today (Sept. 20) and we took some profit today. You always want to take profit on the way up. Scaling out equals happiness.
So what are we looking at today? I spotted some really big prints on iShares iBoxx Investment Grade Corporate Bond Index (LQD), actually two days in a row. The first set of prints on Sept. 26 at $121.40 and you can see we gapped down Sept. 27 when there was a 1. 2 million print at $120.93.
So how are we going to trade this? Well, we’re going to be bearish below $120.75. I would only be bullish above $12I.50. I’d want to clear those prints we had Sept. 26.
Definitely, keep your eye on the bond ETF. I prefer to trade iShares 20 Year Treasury Bond ETF (TLT), the options are much better and the trade is pretty much perfectly in line with LQD.
Now we also spotted big prints on iShares Silver Trust ETF (SLV) Sept. 27. We had a really nice pullback. We had about a million prints come in today at $15.87 really big. Is this the bottom? I don’t know. We’re just going to draw a couple lines on our charts. We’re going to be bullish above $16. We’re going to be bearish below $15.80-$15.75 area, if we close below that then I know there’s a lot of room on the downside. However, look at this weekly chart. It looks like we’re hitting a support level. This is such a key level for silver. You definitely want to watch this.
Also, we had a 3 million print level this week, a monster print. Ths is Monster Beverage (MNST), this is 3.6 million, you guys. This is massive. I’ve drawn a line on the daily chart and that’s right where the print hit at $55. So we’re going to be bullish above $55.50, I’m going to give this Monster room. We’re going to be bearish below $54.50 Sept. 28.
Come watch me trade all day long in the Java Pit. Happy trading everybody! You can do a 30-day trial.
Recorded: Sept. 27, 2017
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