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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.
NTAP on the Weekly View chart shows a traditional Head & Shoulders Topping Formation. This type of top is far less common these days. This is due to changes in Dark Pool transaction activity off the public exchanges, new routing, and new order types. The gap down is above the traditional Head & Shoulders completion level. However, there is some technical evidence...
VRSK is defying the overall market and indexes. It continues to move up in a moderate Uptrend that corrects intermittently, thereby sustaining the trend. This is one stock where there is NO Dark Pool Quiet Rotation™ underway.
PEP has breached the resistance highs to move slightly up to a new all-time high. PEP is one of the few Index Components that has a new high at the end of August. PEP must now hold on to these gains and not slip back down into the Trading Range. Early September price action will define whether this breakout holds.
ALGN gapped down at the end of July on weak earnings news. It has now collapsed to a strong long-term support level. The final capitulation by Smaller Funds managers has ended. The consistency of the candlestick pattern with closely aligned lows and an early Shift of Sentiment™ pattern on the Balance of Power Indicator reveals some Dark Pool Quiet Rotation™ at...
MU is in a Trading Range pattern at this time. The compression of that candlestick pattern in August is showing signs of heavier Dark Pool Quiet Rotation. The large lot long-term investors are slowly lowering inventories on MU over many weeks, and this increases downside pressure.
TSLA is in a retest of the prior short-term lows that may develop into an intermediate-term bottom if the support of the low holds. With October the most common month for a Stock Market crash, low support levels become a critical factor for this stock.
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.
QUAD has been in a long-term downtrend until recently. The gap was a Breakaway Gap, which seldom fill. The Shift of Sentiment™ on TC2000 Balance of Power Indicator not only shows High Frequency Traders’ presence, but also Dark Pool Quiet Accumulation.
Enphase Energy is gaining momentum as it continues to defy the overall bearish sentiment of the stock market. It gapped up on High Frequency Trader action recently, and is continuing an upward trajectory.
High Frequency Traders’ huge flood of pre-open market orders gapped GOOG up. This was immediately followed by a surge of Dark Pool Quiet Rotation™. Dark Pools are using Buybacks and High Frequency Trader gaps to sell, in order to lower their inventory of stock.