The E-mini S&P 500 is in the sell zone on the weekly chart. Traders can expect a pullback over t...
The Weekly Whisper Video from the Dark Pool: AT&T
10/26/2017 4:31 pm EST
Stefanie Kammerman, the Stock Whisperer, to tell you the Whisper of the Week: AT&T and recaps of Target and iShares Gold Trust 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. 18. If you recall we told you about Target (TGT), really huge prints. We were bullish above $59. Hit our first target, last week I told you to watch Target at that $61 level. We were bullish above $61, hit our second target. And so now you can see this resistance, it really needs to break above $63 and a close to hit $65 as a swing trade.
Also last week, we spoke about on iShares Gold Trust ETF (IAU) we had these massive prints, 10 million coming in at $12.31. We were bullish above $12.37. Bearish below $12.25, well, guess what? Look where we are. We are right in the middle, just below the print. It hasn’t happened yet. Keep your eye on gold this week.
Guess what we spotted today (Oct. 25)? Holy cow, the biggest prints ever on AT&T (T): Check this out. 15 million big ones. $33.48.
If you have downloaded my Dark Pool app, now available on Google Play and the App Store, you would have been the first to see this. 15 million, trading like a maniac today. This trade happened at $33.48.
Let’s take a look at the charts. There’s smart money buying, smart money selling. Check out the seasonality chart. Seasonality normally starts the last week of October. You can see we’ve come all the way down, this is the bottom. It can have a huge rally upward.
But, I like to give some room in between the print, I don’t want to assume anything, so we’re going to be bullish above $34 and we’re going to be bearish below $33.
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. 25, 2017 6:31 pm
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