Dave Barnhart breaks down dark pool trades in Dell and HPE after their 40% earnings jumps, using block trades and moving averages to spot entry points. Dell's bullish zone sits above $445-$470 with a $16 ATR; HPE targets $55 if it clears $46.50.
Chapters
Good morning, traders. It's Friday, May 29th at 4:17 AM. Okay, 2 stocks for you today with earnings, and they both were blowouts. We've got Dell and we've got Hewlett-Packard. So let's go ahead and get started here. These are the largest trades. Now we got to make some room for this massive candle. Dell was up $124. It's about 40%, which is phenomenal. Look at this buildup here. This is, uh, going back— there's May 4th. We have these $400K, $200K, all of this. So Great entries on the swings, right? I always teach this in my webinars and things. Increasing volume breaking above the prints. We see that moved a bit higher, but we got more and more prints as consolidation. And you can see here if I zoom in, we're testing the print, testing the print, moving up, moving up. There's another entry point here. Increasing volume closing above the prints, and then it actually took off. And look at this just before earnings. This is on yesterday. We got another 450,000 here, and then right at 4:05 a.m., boom! We jumped up like a million dollars. So let's go ahead and have a look on the intraday here. We are going to be bullish above 445 or 446, like I was mapping it out here, and then we're really close. So 445 or 446, whichever comes first when you're watching this video. 447.50, 450, 455. 460 and 470. I mean, we're just mapping this out. So this is what you see. I always talk about this. You get the 4 exponential moving average and the 8. The 4 is the red, and see how this is moving up with it very, very strong. It, it's like a rubber band. We come back, we tag the 8 a little bit, pull up. If you get further away from the moving average, it comes back and tags it, and then we're building again. And then moving up. So now the moving averages—they're together now—and this might turn over a little bit. If that's the case, we break below this low here, then it can start moving back, fill some of these fair value gaps there. There would be a target as well. So just FYI on that, we're going to be bearish below 440, target 437.50, 435, 430. $425 and $420 all the way back here, just like I mentioned here, uh, the $420. Now the ATR on this one is $16, so that makes sense. This is 20 points either side pretty much that we're looking at on that. Okay, enough blabbing about Dell. Let's go ahead and check out Hewlett-Packard. So these guys here, last 30 days, you can see that I'm sure there's prints here increasing volume, breaking above a range. Look at this, there's a good entry point. Anyway, back here April 30th, we've got prints, uh, 1.4 million here in a couple days. We've got this print, so you put it on your watch list and you watch. And so we broke above and closed above the print. There's an in— there's a decent entry. There we had this volume. I would like to see increasing volume. That happened the next day, but then this just continued. We've got this here. Look at this massive volume here. But look at all the prints on this day, May 14th. That's, um, one over 2 million right here. Pulled back to the 8 exponential moving average. Remember, I just explained that. This is on the daily coming up or breaking above more prints. There's another $1.7 million into earnings. So dark pool recently is in here at $28. We're trading at $45, so it's almost $20 a share for like 4 or 5 million shares. Everybody wants that. So let's go ahead and map this out on the intraday. We are going to be bullish above $46.50. Now I Because we've got this here, I put 46.50. If we break above this candle here, like 46.12, 46.25, increasing volume, you can get in a little bit early. But 46.50, target 47, 47.50, 48, 49.50, 52.50, 55, right? And so this seems to up— be upthrusting and This 4 and the 8 are kind of rolling over a bit. This is support here, $44.83. So we want this to be resistance. Bearish below $44.75, give it a— just to the quarter, $44.50, $45, $44, $43.05, $42, $41.27 is back to this R3 area. The ATR in this one's $1.46. So we're already up Over four times the ATR, but it's earnings, so it can move. So there you have it. Okay, those are your two trade setups for today. So please like, share, subscribe, leave some comments in the comment section below. I always enjoy hearing from our traders. And we have a a swing newsletter, the Dark Pool Weekly Report. So you can sign up at mobiticktrading.com forward slash weekly dash report. And we cover 13 stocks including the market, SPY, QIWM, plus 10 others. So this is week 9 this week, and we got a lot of subscribers and they seem to be happy. The trades are doing well. We even do a scorecard of how we did week over week. So yeah, sign up for that, keep in touch, and happy trading, and we'll see you Monday with all new trade setups. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
