INTC gapped and ran up on earnings. Professional Traders are setting up ahead of the test of the previous highs.
Professional Traders initiate trigger action on quiet market days. AAPL is testing new highs.
Buybacks and Pro Trader activity drove AMD to a new high with a velocity run.
JBHT recently formed a resting day consolidation pattern at a resistance high. The stock moved with Professional Traders momentum out of a minor correction.
In case of a Gartley price is set to go Up from this level targeting 1.618% of XAX presenting the opportunity for a nice 100% return. We are still holding on our previous view expecting the price to fall between the 6600 - 7300 levels where we expect formation to the upside.
CAT has a Buyback style momentum run that encountered profit-taking by Professional Traders recently. The vertical Angle of Ascent™ was too steep and ultimately technically unsustainable.
ADP has shifted to a Platform sideways candlestick pattern, and is experiencing some Dark Pool Quiet Rotation™. However, there is underlying buying activity of Smaller Funds, Professional Traders, and Investors. The candlestick pattern is compressing on the upside of the Trading Range at this time.
MU frequently is on Retail Guru recommendation lists. This triggers Professional Trader activity. MU action is often led by Professional Traders’ setups, and at times these trigger High Frequency Trader action ahead of market open.
AMGN formed a tight short-term Symmetrical Triangle before running up on strong momentum, instigated by Professional Traders setting up for High Frequency Trader action. AMGN moved through technical resistance with ease.
Throughout the past couple of months, slow Dark Pool Quiet Rotation™ was going on while the stock was in Buyback mode. Professional Traders used AXP Buybacks to set up good runs until the past 2 weeks. Now Buybacks stalled, and Retail Traders have taken over.
UTX was under heavy selling by High Frequency Traders for 2 days. The runs down ended at a weaker support level. Sell short traders should consider this a risk area for a bounce, due to Buy to Cover orders from Professional Traders closing sell short positions.
Visa had a velocity run that took the stock to a new all-time high recently. The run concluded with Professional Traders taking profits quickly.
HFTs rarely trade a stock more than one day. ECPG has 2 days of HFT action moving the stock with strong momentum with high volume. Often VWAP orders from smaller funds will trigger after an HFT run day. The stock breached resistance but is at risk for professional traders taking profits. ECPG is an S&P 500 index component.
CERN gapped in April to quickly complete the short-term bottom formation. It ran up on pro traders and smaller funds buying in the past few days. It is now nearing the previous high’s resistance of last August. This may create a retracement due to profit-taking by the professional traders.