Context, analytics, and visuals pertaining to institutional trades. Discord & Stack included w/ sub. https://xitter.cf/t.co/OyHkLdZujw [email protected]
Virginia
Joined January 2018
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$ORCZ (2x Bear $ORCL) - #1 arrived a week ago near local highs as the underlying $ORCL was trading near local lows. Today we got some news.
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$META - More arrived near this local low.
#13 yesterday. #6 today.
On the cluster side of the house, #14 yesterday, #8 today.
Lots of activity here with price down about 20% in the last month.
$DRAM - 3M even at $50.55. At $151M, it's the largest trade since Sept 30. #21 overall.
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$JEPQ - Bottom of the range held, and #1 trades rarely disappoint. Approaching the midpoint as we go into FOMC tomorrow.
$JEPQ - Largest trade since inception at the bottom of the highlighted range. Previous large trades have appeared at/near turns. #2 (then #1) was the obvious exception which was a continuation trade as price reentered the range after breaking below it.
#3, 4, 5, 6, 7 all preceded turns of varying degrees.
$58.51 is where the DP sweep came in. Give it some time to wiggle. Won't likely see resolution today.
Top holdings include: $NVDA, $AAPL, $MSFT
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$FNGU - Not the most impressive rally, but the print did precede a reversal.
$FNGU - The largest trade since August (#19) arrived on Friday at a level that was previously resistance, and is now being tested as support. All previous large trades over the last several months appeared at/near turns, with the exception of #9 which was a breakout trade.
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$BUG - Largest trade since inception with price hovering near ATH. Three in the top-20 all bunched together here.
Price is fairly extended on the daily chart. Approaching +3 ATR. Several previous visits to this zone resulted in pullbacks.
Trades of this size at this juncture suggest long positions are being closed out.
Top holdings include $CRWD, $OKTA, $PANW.
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$PSI - Trades 2, 3, 4, and 5 each arrived at a critical pivot. #1 arrived today. If the pattern continues, we should see a bounce in semis in the near future.
Implications for $SOXX, $SMH, $SOXL, $SOXS
HOWEVER **
Complicating matters is that the Leopold Liquidation Zone in $SMH ($541-$549) finally breached after numerous tests leaving price below a very large zone of concentrated institutional activity. In simpler terms, price is below local support.
Now $PSI is much more evenly balanced among its holdings, with $NVDA only comprising about 4% of the fund whereas $SMH is about 19% $NVDA. So they two ETFs can diverge to some degree depending on how $NVDA performs.
$117.88 is the level to watch for bias on $PSI for the next few sessions. Longs unsafe below it.
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$TSCO - Quite a bit of outsized institutional activity down here in the $30-$36 zone over the last several months.
$FNGU - The largest trade since August (#19) arrived on Friday at a level that was previously resistance, and is now being tested as support. All previous large trades over the last several months appeared at/near turns, with the exception of #9 which was a breakout trade.
volumeleaders.com/regsiter
My weekly article is in the comments, free, please enjoy!
The number one theme on the strength list, and where it was a week later: Oct 3: Advanced Packaging. Gone. Oct 10: Ophthalmology. Gone. Oct 17: Oil Refining. Gone.
The two "just starting" themes near the bottom, utilities and defense: both still on the list and climbing showing defensives catching a bid
SPX keeps flirting with 7620, the floor that could open up 200 points of downside while the equal-weighted S&P 500 rose nearly 2%
The most unusual prints on Friday: a mid-cap index fund, two T-bill funds, an intermediate Treasury fund, a long-bond fund and a high-yield fund. The most unusual activity was in the most boring things the market owns.
All this just days before the FOMC rates decision...Are bulls about to get cooked or bears about to get trapped?
$PSI - Trades 2, 3, 4, and 5 each arrived at a critical pivot. #1 arrived today. If the pattern continues, we should see a bounce in semis in the near future.
Implications for $SOXX, $SMH, $SOXL, $SOXS
HOWEVER **
Complicating matters is that the Leopold Liquidation Zone in $SMH ($541-$549) finally breached after numerous tests leaving price below a very large zone of concentrated institutional activity. In simpler terms, price is below local support.
Now $PSI is much more evenly balanced among its holdings, with $NVDA only comprising about 4% of the fund whereas $SMH is about 19% $NVDA. So they two ETFs can diverge to some degree depending on how $NVDA performs.
$117.88 is the level to watch for bias on $PSI for the next few sessions. Longs unsafe below it.
volumeleaders.com/register
$TMF (3x $TLT) - Price gapped over #2 from late September today, tested from above, and continued higher.
Important short term hurdle for the yield bros.
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$JEPQ - Largest trade since inception at the bottom of the highlighted range. Previous large trades have appeared at/near turns. #2 (then #1) was the obvious exception which was a continuation trade as price reentered the range after breaking below it.
#3, 4, 5, 6, 7 all preceded turns of varying degrees.
$58.51 is where the DP sweep came in. Give it some time to wiggle. Won't likely see resolution today.
Top holdings include: $NVDA, $AAPL, $MSFT
volumeleaders.com/register
