Context, analytics, and visuals pertaining to institutional trades. Discord & Stack included w/ sub. https://xitter.cf/t.co/OyHkLdZujw [email protected]
Virginia
Joined January 2018
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$PSI - Trades 2, 3, 4, and 5 each arrived at a critical pivot. #1 arrived today. If the pattern continues, we should see a bounce in semis in the near future.
Implications for $SOXX, $SMH, $SOXL, $SOXS
HOWEVER **
Complicating matters is that the Leopold Liquidation Zone in $SMH ($541-$549) finally breached after numerous tests leaving price below a very large zone of concentrated institutional activity. In simpler terms, price is below local support.
Now $PSI is much more evenly balanced among its holdings, with $NVDA only comprising about 4% of the fund whereas $SMH is about 19% $NVDA. So they two ETFs can diverge to some degree depending on how $NVDA performs.
$117.88 is the level to watch for bias on $PSI for the next few sessions. Longs unsafe below it.
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$TSCO - Quite a bit of outsized institutional activity down here in the $30-$36 zone over the last several months.
$FNGU - The largest trade since August (#19) arrived on Friday at a level that was previously resistance, and is now being tested as support. All previous large trades over the last several months appeared at/near turns, with the exception of #9 which was a breakout trade.
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My weekly article is in the comments, free, please enjoy!
The number one theme on the strength list, and where it was a week later: Oct 3: Advanced Packaging. Gone. Oct 10: Ophthalmology. Gone. Oct 17: Oil Refining. Gone.
The two "just starting" themes near the bottom, utilities and defense: both still on the list and climbing showing defensives catching a bid
SPX keeps flirting with 7620, the floor that could open up 200 points of downside while the equal-weighted S&P 500 rose nearly 2%
The most unusual prints on Friday: a mid-cap index fund, two T-bill funds, an intermediate Treasury fund, a long-bond fund and a high-yield fund. The most unusual activity was in the most boring things the market owns.
All this just days before the FOMC rates decision...Are bulls about to get cooked or bears about to get trapped?
$PSI - Trades 2, 3, 4, and 5 each arrived at a critical pivot. #1 arrived today. If the pattern continues, we should see a bounce in semis in the near future.
Implications for $SOXX, $SMH, $SOXL, $SOXS
HOWEVER **
Complicating matters is that the Leopold Liquidation Zone in $SMH ($541-$549) finally breached after numerous tests leaving price below a very large zone of concentrated institutional activity. In simpler terms, price is below local support.
Now $PSI is much more evenly balanced among its holdings, with $NVDA only comprising about 4% of the fund whereas $SMH is about 19% $NVDA. So they two ETFs can diverge to some degree depending on how $NVDA performs.
$117.88 is the level to watch for bias on $PSI for the next few sessions. Longs unsafe below it.
volumeleaders.com/register
$TMF (3x $TLT) - Price gapped over #2 from late September today, tested from above, and continued higher.
Important short term hurdle for the yield bros.
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$JEPQ - Largest trade since inception at the bottom of the highlighted range. Previous large trades have appeared at/near turns. #2 (then #1) was the obvious exception which was a continuation trade as price reentered the range after breaking below it.
#3, 4, 5, 6, 7 all preceded turns of varying degrees.
$58.51 is where the DP sweep came in. Give it some time to wiggle. Won't likely see resolution today.
Top holdings include: $NVDA, $AAPL, $MSFT
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$SOXS - Yellow bubbles are the market-opening trade at 9:30am each day. Three times in the last week or so, we've seen price open near a local high and a very large trade at the open followed by a quick reversal in price. The one DP trade in orange didn't come at the market-open, instead arriving about 40 minutes into the session. Same effect.
$SOXX & $SMH being sold/shorted overnight and covered in the morning is the flavor of the month.
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