Deere & Company appears ready for a rally as its recent poor performance has put it in oversold ...
The Weekly Whisper Video from the Dark Pool: GE, SPY, QQQ, IWM
11/16/2017 2:58 pm EST
Stefanie Kammerman, the Stock Whisperer, to tell you the Whisper of the Week: GE, SPY, QQQ, IWM, and recaps of AT&T, Starbucks, Micron Technology and Costco 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 Nov. 9. I put out a Whisper with lots of stuff to watch. Some of them had some pretty huge moves and some haven’t moved yet so we’re still watching them.
AT&T (T) is one of them. A 15 million print, $33.49. Still waiting for a break out of this wedge. It’s going to have a big move, we have to be a little more patient.
Also, Starbucks (SBUX) we’d still like to see a close above this $57.50 level, that’s really key to get a new swing position.
However, Micron Technology (MU) is a huge winner, finally broke above that $44 level, shot up to $46, I still like it as long as it can remain above $45 on a close, that’s a really key, key level.
Also, Costco (COST), huge, hit my second target in my live presentation at TradersExpo in Las Vegas. Hope you caught this one. Awesome trade on Costco.
Well, what are we watching now?
I know General Electric (GE) has gotten completely crushed. But guess what we spotted Nov. 15? A huge 4 million print, right at the open, $17.50, this is going to be a key level moving forward. We did spot a couple of big prints Nov. 15, one at $18.14, another one at $18.27, a one million share print. But the big one was the one the morning of Nov. 15, the 4 million print at $17.50, so key level, I like GE only if it can stay above $17.50.
Well, if you are in my live trading room or if you are a subscriber to my Dark Pool app, we have gotten some huge prints that I need to tell you guys about on Nov. 6 on the SPDR S&P 500 ETF (SPY).
Everyone’s wondering when is the rally going to be over, when are we going to have a correction?
I always say the same thing: when the big boys step in and start to sell in the Dark Pool. What does that look like? Well, these are late sell prints starting Nov. 6, we have been spotting massive sell prints at the 16 million level. Look at these 502,000 prints at $258.45 all day long these were printing in. We started a short in my trading room, putting protection on every day.
We’ve been spotting more and more, not as big as the 16 million print. Let me show you some of those 502,000 prints, $257.82. These are all late Dark Pool sell prints.
Also spotted them on the PowerShares QQQ Trust ETF (QQQ) as well. We had some some pretty big prints come in, these are all late prints.
Also on the iShares Russell 2000 Index ETF (IWM).
I did call for a correction on the app, and yes, we’re definitely below these prints, as long as we stay below $258.45 that is the key level. If we close above that, I’ll turn bullish again.
Come watch me trade along with my amazing traders all day long in the Java Pit. Happy trading everybody! Be the first to know. Download my app on the App Store or Google Play.
Recorded: Nov. 15, 2017, 5 pm
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