Why We’re Expecting a Move From MSFT Hello, Savio. Last week, we got some sneaky Dark Pool activity on a few not-so-well-known ETFs. Here is just one that I spotted on the iShares Russell 1000 Growth ETF (IWF). ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/IWF+Prints.png) On average, there are only about 600,000 to 1 million IWF shares traded per day, so this massive print for 3.7 million is very significant. Below are the top holdings for this ETF. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/IWF+Top+Holdings.png) As you can see, Apple Inc. (AAPL) and Microsoft Corp. (MSFT) are the top holdings, so I expect these two stocks to move soon. Perhaps not so coincidentally, Apple is in the middle of a $90 billion “stock buyback explosion,” as Yahoo Finance put it. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/Apple+Buyback+News.png) I am loving the technical setup on Apple right now. It has been consolidating for a month and a half while the buyback has been in effect. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/Apple+One+Day+Chart.png) Put all that together… and I am bullish above $127.50 on Apple this week and bearish below $122.50. If Apple heads above $127.50 this week, I will likely send a trade your way, so watch for that. MSFT Debit Call Spread This morning, we put on a Microsoft Debit Call Spread. That’s because, on June 3, I spotted some massive Dark Pool activity. Specifically, I noticed a 3.4 million-share print at $245.18. That’s in addition to that 3.7 million-share print on the IWF, in which MSFT is the second-largest holding at almost 10% of net assets. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/MSFT+Prints.png) And according to seasonal trends, over the past 20 years, MSFT usually rises in June. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/MSFT+Seasonality.png) Therefore, I was bullish above $252.50 this week for Microsoft and bearish below $245… hence, our bullish trade this morning. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/MSFT+One+Day+Chart.png) Another Trade I’m Watching Let’s also keep our eye on the Coca-Cola Co. (KO) this week. After all, even in a stock as heavily traded as Coca-Cola, it is not every day we get a 3.4 million-share print. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/KO+Prints.png) From a technical perspective, you can see it is hitting an upper trend line on the daily chart at $56.50. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/KO+One+Day+Chart.png) And in terms of seasonality, over the past 20 years, Coke usually dips down near the end of June. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/KO+Seasonality.png) This week, I’m bullish above $56.50 and bearish below $55. The best trade setups are when the Dark Pool prints coincide with the seasonality charts, but that does not always happen. The best advice I can give you is to always follow the Dark Pool, even if it does not match up with seasonality. The “Meme” Stocks I know many of you have been watching the high-momentum stock moves on the likes of AMC Entertainment Holdings Inc. (AMC), BlackBerry Ltd. (BB), and Bed Bath & Beyond Inc. (BBBY). These stocks have made for some incredible day trades. But now we’re getting quite a bit of Dark Pool activity on AMC. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/AMC+Prints.png) So, now I’ve got enough data to say that, this week, I am bullish above $61 and bearish below $42. ![](https://s3.amazonaws.com/marketingassets.cloudsna.com/prod/images/ipm/POOL/Weekly+Reviews/June+2021/060721/AMC+One+Day+Chart.png) Along with our open trades on gold, silver, and oil, those are some of the stocks I have on my watch list for this week. If we make a trade on any of them, you’ll be the first to know. Until next time… Happy trading, ![Signed: Stefanie Kammerman](https://marketingassets.cloudsna.com/prod/images/ipm/SIGNATURES/kammerman.png) Stefanie Kammerman, Editor, Dark Pool Trader P.S. If you haven't already, I recommend signing up for our text service. Every week, I'll send you via text one to three trades to make. While I also send my trades via email, I send the texts first, and they are where I'll "mark" our entry and exit prices. |
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