Market Updates

  Background on dark pools can be found at this  link . Recap from  Last Week So those Friday prints look to be more distribution for a total of $50B, and Monday's prints add to that for $56B.  That is a lot.   Tuesday, Wednesday, and Thursday, they really didn't spend much ammunition whipsawing everyone.  It looked like we were out of the woods on Wednesday and many people went long only to have the HFT's dump the market .  The dark pools only distributed about $3.6B at those highs.  Maybe they are running out of ammo.  On Thursday and Friday, they  appear to be creating another demand zone in the 380 to 382.5 range (about $13.2B).  Price is currently below those levels, so it would not be advisable to load a boat with SPY until the pivot and R1 are cleared and tested. This Week On Monday, $2B more came in at the Friday low for a total of $4.1B at 380.   Then Monday and Tuesday prints came in totaling $15.4B at aroun...

Background on dark pools can be found at this  link . Recap from  Last Week Monday was a market holiday.  Tuesday showed another $5.5B at SPY 393 and a large VXX print ($119M for the day).  After seeing that VXX print, I unloaded all high beta longs and picked up a little UVXY.  Wednesday, Thursday, and Friday had another $8B at SPY 392.  The boys appeared to be selling the market every day and then would let off when they hit a $3 target.  They were also selling volatility when that $3 SPY target was hit.  Combining SPY prints at the highs for 2 weeks gives us about $35B total.  At the end of day on Friday, they printed another VXX trade for about the same amount as Tuesday at the exact same price.  Then price hit an old demand zone and they printed about $15B in that demand zone (at the lows of the week). For next week, watch that late Friday print as a pivot.  If price continues to go over that and the pivot holds, we have starte...

  Background on dark pools can be found at this  link . Recap from  Last Week My portfolio continues to be long, and I've been concerned about a dump coming soon.  SPY has risen too far, too fast since bouncing off the daily 50 SMA.  About $2B came in as late Friday prints totaling $4.2B at 388.  Then they bounced most of the week between 388 and 392 with a short squeeze on Friday.  The range is getting tighter and the prints are starting to add up after very low volume lately.  My scanner shows $11.2B at 390.5 and $10.3B at 392. This Week Monday was a market holiday.  Tuesday showed another $5.5B at SPY 393 and a large VXX print ($119M for the day).  After seeing that VXX print, I unloaded all high beta longs and picked up a little UVXY.  Wednesday, Thursday, and Friday had another $8B at SPY 392.  The boys appeared to be selling the market every day and then would let off when they hit a $3 target.  They were also sellin...

  Something has been bothering me this week.  I've been using RTH data for trade setups, and here's what happens. Massive selling at a top Correction Massive prints after the correction Make an entry when price drifts over the prints Price keeps leaking down Either let account draw down or stop Price picks up Let's look at the data for TWTR.  They cancelled Trump and the stock took an immediate hit.  I love setups like this.  The boys at mission control look for news like this for selling.  Then they start buying when you're mad at TWTR and not looking.  Starting 12/18, there were already selling TWTR heavily.  That's north of a billion in 2 days.  Did they know about Trump already? They continued sneaking money out New Year's even and that first week of January.  Another $850M We got many signals to exit but only if watching the after hours prints.  Hint:  most people don't. We get massive prints on 1/11, price jumps up, and w...

   Background on dark pools can be found at this  link . Recap from  Last Week SPY reacted strongly to the daily SMA 50 and blasted right through the SMA 20 to reach ATH's.  Everyone on Twitter turned bullish.  Friday did not have abnormally high activity on volatility instruments, but we could see late prints on Monday.  From past experience, they like to distribute around $30 billion at highs before letting go.  Volume is decreasing on the rise, and the boys at mission control are not using much ammunition on this rally.  This week, the data doesn't show us a clear picture of the future.  Use the pivots as a guide and be careful.   This Week My portfolio continues to be long, and I've been concerned about a dump coming soon.  SPY has risen too far, too fast since bouncing off the daily 50 SMA.  About $2B came in as late Friday prints totaling $4.2B at 388.  Then they bounced most of the week between 388 and 392...

  Background on dark pools can be found at this  link . Recap from  Last Week Aftermarket SPY price on Friday is under all the dark pool prints.  Price is also under the 50 day simple moving average and kissed the lower daily Bollinger band.  Those are bad omens.  The direction of the Friday prints are unknown at the moment.  The size of the Friday prints is not what I would consider preparation for a bullish move up.  Last week, they accumulated $22B before moving the market.  Now we get a total of $7.2B.  More prints could come in Monday at the lows though, as they can be 24 hours late.  Looking at RSI, SPY is getting oversold, but not to the extreme yet.   This Week Monday added $3.7B late Friday prints to the lows for a total of $8.5B at 370.5.  Then we see another $3.8B of what look to be buys.  Tuesday, Wednesday, and Thursday have a consolidation pattern where they kept SPY in a tight $2.50 range with abou...