Signs of a "Global Reset" Are Showing Up in the Dark Pool Prints Dear Savio, Change is coming! And I’m not just talking about the inauguration tomorrow… I am pretty sure everybody is feeling this in some way or another. For example, the Federal Reserve last week announced that they are studying the risks of “stable coins.” Indeed, Fed Chairman Jerome Powell says that this will be a different economy when we come out of the pandemic – and so, such studies are needed. Stable coins are cryptocurrencies designed to offer price stability and derive their market value from some external reference. Unlike fiat money, they are backed by a reserve asset, like the U.S. dollar was during the gold standard era. (That reserve asset can be a commodity like gold… or one of those fiat currencies.) Which stable coins are the Fed studying? That’s the million-dollar question. Time will tell. Speaking of U.S. dollars, I spotted a massive Dark Pool trade on the U.S Dollar Bullish Fund (USDU) at $25.20. 
It’s not every day that we get Dark Pool activity on the dollar, but we have seen many Dark Pool sell prints over the past year on the dollar. Watch this $25.20 level over the next two weeks. Be bullish above – and bearish below. Emerging Markets I spotted some extremely large Dark Pool prints on the emerging markets as well last week. Check out this chart on the iShares Core MSCI Emerging Markets ETF (IEMG). Watch this $65.25 level over the next few weeks. 
IEMG focuses on Brazil, Russia, India, and China. I’ve also spotted massive prints on the other emerging market ETFs – the iShares MSCI Emerging Markets ETF (EEM) and the iShares MSCI EAFE Value ETF (EFV) – so I am expecting a very large move on this sector. Keep an eye out for a trade there in the coming weeks. Communication Services We’ll also be watching the communication services sector – i.e., the internet, mobile providers, TV, etc. – over the next few weeks. Check out this massive print on the Communication Services Select Sector SPDR Fund (XLC) from Tuesday, January 12… 
That’s 9.6 million prints – “Buys” or “Sells”… we don’t know yet – at $65.15. This is the largest trade I have ever seen on this ETF. The top holdings for this ETF are Facebook Inc. (FB), Alphabet Inc. (GOOG), Activision Blizzard Inc. (ATVI), Netflix Inc. (NFLX), $the Disney Co. (DIS), Comcast Corp. (CMCSA), T-Mobile U.S. Inc. (TMUS), Charter Communications Inc. (CHTR), and Verizon Inc. (VZ). XLC’s top holding is Facebook, which is 21% of its net assets. Check out some of the latest news on Facebook… 
You will note that most of the news is negative, including this last one below, where Elon Musk is promoting Signal ahead of Facebook. (Let us not forget that Facebook recently banned President Trump as well.) 
Those of you who use and study Japanese candles will easily recognize this “hanging man” on XLC’s weekly chart. 
A hanging man candlestick occurs during an uptrend and warns that prices may start falling. The candle has a small body and a long wick. It predicts that selling interest is starting to increase. Japanese candles only have a 60% to 70% success rate. That’s why I don’t use them alone… but love to combine them with the Dark Pool in order to come up with great trades. Last week, we also spotted some heavy prints on gold, silver, and bond fund ETFs. So we’ll be keeping an eye on all of those as well. Meanwhile… A Global Reset? This past Friday, January 15, I noted a change of pattern in the Dark Pool prints on the SPDR S&P 500 ETF Trust (SPY). This tells me something big is going to happen soon. If you have not noticed, many governments out there are in a state of collapse right now, including Germany… 
The Netherlands… 
Israel… 
And Italy… 
A global reset is highly probable. The high volume of Dark Pool activity indicates that a large event may be coming sooner than later. We’ll trade it as it comes! Until next time… Happy trading,
Stefanie Kammerman,
Editor, Dark Pool Trader
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