XOM is in a consolidation as oil commodity prices are rising. This offers incentives for pro traders to enter ahead of any HFT activity. The bottom has some buybacks in the candlestick structure as well. The goal is to generate speculation among the retail crowd.
The huge candlestick yesterday was NOT HFT activity. A run occurred toward the end of the day, driven by pro traders who received early news regarding the settlement of a 3-year lawsuit with AAPL. Pro traders initiated the end-of-day run and smaller funds’ VWAPs triggered to continue the end-of-day run on high volume.
NFLX is currently resting after a strong speculative momentum run out of its low of December. The sideways pattern is just below previous high resistance levels. Volume needs to increase before it can test the resistance for a breakout move. HFTs run this stock rather than gap it.
AUDC has similar technical patterns to AMD and other semiconductor stocks. The activity has pre HFT setups. Pro traders are in the mix. HFTs tend to gap and run the stock upward. Candlestick patterns and volume reveal pro traders and HFTs.
NTAP has moved into the gap area, and is now poised to challenge the next resistance level. This stock has had recent HFT activity and is likely to have more HFT attention on the day of its earnings release. The candlestick patterns are solid ahead of earnings. Watch for pro traders setting up for a pre-earnings run.
LULU has a consolidation that moved up above the previous recent new high. The stock gapped up on HFT action to the current level. Volume is rising. The support levels for the recent gap are the Sept high and the February high. This is weak support for swing trading or momentum style trading. Earnings are expected at the end of May.
NVDA has filled the gap down from the negative earnings reaction in November 2018. The stock is likely to consolidate or shift sideways at this resistance level if it is to build energy to move higher. There is some Dark Pool accumulation in the bottoming pattern. HFTs have gapped this stock on earnings news in the past. Earnings will be reported May 9th. A month...
PRGS has a classic Dark Pool quiet accumulation pattern followed by a pro trader run and then the HFT gap that is a breakaway gap. The professional traders’ technical footprint was the signal that this stock was poised for an HFT gap or run up.
NIKE is reporting earnings today AFTER the market closes. How the stock behaves will help determine how to trade this earnings season as we can begin to determine which of the HFT algorithms are being used and the expectations of the pro traders on how they are managing the pre-news they receive ahead of the retail crowd. Currently there is no viable pre-earnings...
Intel is moving rapidly to capture the 5G market, along with Verizon. This was discussed in detail in our recent annual Virtual Course, this time on Emerging Displacement Technologies for the Next Decade. INTC stock has been struggling at a support level, not moving down much but also without a strong pre-earnings run as many blue chip companies enjoyed. The...
The speculative gains of what we call a “pre earnings” run ended ahead of the market open on Friday. Netflix is reporting an increase in the number of users but had a decline in revenues, which is a worrisome pattern that is occurring in many big-name companies thus far—many banks and the early tech stock reports. NFLX was being sold on the professional side ahead...
Citigroup reported ahead of open today which indicates it hoped that the market open would inspire buying of its shares of stock. HFTs are set to trigger on earnings news. How it might gap depends on the algorithm focus, retail crowd reactions, retail broker expectations, and the triggers set ahead of open. C has the same negative divergence as AAPL has on the...
Amazon was in the pre-market news today. India has put heavy restrictions on the e-commerce retailers, AMZN and WMT and others. The ruling affects many products that Amazon sells. India’s rules will bar retail e-commerce companies from engaging in an exclusive partnership with a seller. This could hurt Amazon’s expected revenues from India. This dominant...
SBUX has now confirmed the gap gains by holding well above the trading range highs. This provides very strong support for the stock to continue moving upward. This daily chart of the stock shows a Shift of Sentiment™ Pattern with the Accumulation/Distribution indicator. The shifting pattern begins with the common gap down by HFTs in June and then the VWAP...
Intuitive Surgical Inc., under the Medical Instruments and Supplies industry, has had strong growth over the past 3 years but it is now facing the risk of a topping formation. The topping pattern is near the phase where a completed top could occur and then downside action would include sell short professionals and sell short HFTs. Support doesn’t kick in strongly...
Deere & Company is one of the last to report earnings of the Dow 30 components today. High Frequency Trading firms (HFT) focus on blue chip earnings reports. DE is holding above the topping completion level for now but remains in a volatile trading range. All black lines on this weekly chart were drawn in the last quarter. Bounce support areas are defined in...
Always a late reporting company, HD reported today before the market opened. HFTs were ready to gap the stock in the direction the algos perceived earnings. The chart patterns were setting up for a negative reaction. The stock is in the lower area of its trading range that has similarities to the S&P500 index chart's trading range pattern. Flow of Funds...
VERI is reporting earnings today and was chosen to remind traders that IPOs are not usually profitable. It is very rare to have a company that IPOs with high profits and revenue. Therefore, IPOs are generally speculative as this stock was. It IPO’d around the summer of 2017 and ran up for a month to a new all-time high. Retail investors and smaller funds drove...