The Weekly Whisper Video from the Dark Pool: IAU

10/19/2017 5:00 pm EST

Focus: STOCKS

Stefanie Kammerman

Founder, Stock Whisperer Trading Company

Stefanie Kammerman, the Stock Whisperer, to tell you the Whisper of the Week: IShares Gold trust ETF and recaps of Target and Caesars Entertainment in my weekly Thursday video under five minutes and my transcript.

Before we get to this week’s Whisper, let’s talk about the last Whisper on Oct. 11, if you recall we spotted a 1.8 million print on Target (TGT) at $58.75. We were bullish above $59 and this thing took off like a rocket. $61.56 was the high. Hope you grabbed a piece of it. It really needs to hit above $61 and close strong for us to get to $62 to $62.50, our second target level.

Also Caesars Entertainment Corporation (CZR), we had really large prints coming in. Bullish above $12.20, bearish below $12.  We did go below there.  Look what we spotted and if you were in my Trading Room, you saw it too. Big prints coming in at $11.88 and then it started to move up and Oct. 18 we spotted even more prints.  Let me show you at $11.95 and $12, closing really strong.

So what are we watching this week? We spotted massive prints coming in on iShares Gold Trust ETF (IAU). We have seen this before. Gold is going to happen in a very large move.  So here are the prints. Let me show you 4.3 million at $12.30, another 4.3 million at $12.30 and 2.8 million at $12.31. Well IAU trades like a snail. It’s really slow. So, therefore, I prefer to trade SPDR Gold Shares (GLD) and VanEck Vectors Gold Miners ETF (GDX) we’re going watch the levels really really carefully on IAU. And give it a little bit of room because big prints have big splashes. We’re going to be bullish above $12.37 and we’re going to be bearish below $12.25.

Come watch me trade all day long in the Java Pit. Happy trading everybody! I’m going to be at the TradersExpo in Las Vegas Nov. 2-4.

Recorded: Oct. 18, 2017 6:45 pm
Duration: 3:35

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

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