Intel beat earnings and rallied from $66.78 to $81.80; bullish entry above $82 targets $90, with support at $72.55. QQQ broke out from a three-line strike reversal with 7 million share prints, targeting $670 with support at $650.
Chapters
Good morning, traders. It's Friday, April 24th at 4:19 AM. All right, 2 stocks for you today. We've got Intel had earnings and it's up $15 today on an— well, it was a $66 stock yesterday or whatever it was, um, and now it's an $81 stock. So I guess whatever the close was yesterday was $66.78. Yeah, and we're at, uh, $81.80, so that's fantastic. So, uh, let's look at the prints in the 30 days. We've got these ones down here. We pulled back, so we see this print here and then increasing volume breaking above the print. And if you didn't like that because there was another print right there, this was a good entry as well. More volume, no wick on top, and then the 4 and the 8 fully separated. And then we see all of this accumulation here. We just kept moving up the 4 and the 8. We come back, we tested this, and Sitting on the print, sitting on the print, sitting on the prints. Look at the volume yesterday in this doji, and then all of a sudden off to the races on earnings. So institutions were well positioned into this. So anyway, let's map this out for the bullish trade and for a retracement trade. We're going to be bullish above 82. You can see this trying to push up into the 82 level, so 83 and a quarter. 85, 87.50, and 90. So I've got that up there. That's, um, that's like an 8-point move. Anyway, the ATR on this is 339, but the thing is, is it's on fire with earnings, so we have some volatility there, which would be excellent. We're going to be bearish below 79.50. Let's get below here, 79.50, target 79. 78.27 is this R5. Then we've got 77.50, 76.25, 75.41 is this R4, 74, and 72.55 is R3. And then I've stopped right here for the retracement, and then I've got my 200 exponential, 200 simple, and another CAM here. So this might fill— this, this was right at earnings, 4 o'clock. This would be a fair value gap, probably all the way back to here potentially. But this is really strong. So anyway, I mapped it back to pretty much this 200 exponential moving average. Let's go ahead and look at the QQQs, and we'll look at the last month. We called the bottom if you watch my webinar on April 10th. It's on YouTube as well. But we did call this bottom here, and I've mentioned it several times. We called it on the SPY. The Q's did exactly the same thing— 2 million here at the bottom. And then Nice three-line strike reversal increasing volume. That's a great entry point off of that print, and then we just continued moving up. And you see this three almost four million seven nine twelve fourteen point seven million sitting here, and it looks like they've been adding to their position now. April twentieth was seven million shares. That's a four point two billion dollar print at six forty eight eighty two, and we're at six six fifty six. 40. So we see this consolidation here. It looks like it's breaking up, but this is continuing into new highs. So let's map this out on both sides. So on the bullish side, we're going to be bullish above 657.12, just above this R1. And you can see how strong these pivots and these cams are. Look at the high here, 656.98. So that's the dollar level, but the first eighth as well. The first and last eighths are the most expensive eighths in the world according to Jesse Livermore. Anyway, 657.12, target 657.69, 658.25, 660, 662.69 is R2. We've got a really nice pocket here from 657.69 all the way up to 662, and then we've got 665, 667.50, and I stopped at 670. The ATR in this is about 10. I've given it 13 points there. On the downside, we're going to be bearish below $650, $450. We've got to get below here, $800K print. So this is, um, $400 million sitting right here. And so you can see here that yesterday the 4 and the 8 have just been moving up all through the post-market and then into the pre-market as well. So let's get below there. Target 653.51, 652.46, 651.29 is back to the pivot. And when we get to the 653.51, you got to be careful. This probably holding here. We've got this pull up to my 200 simple, back increasing volume. So this needs to actually hold. You can see where this is support So I would imagine this might hold with those 50 simple, 200 exponential, 200 simple. So just be, just be careful there. And that— but I did call back to the pivot as well. And then if that fails, 650.38 is a cam right down here. Then we've got 649.33, 648.82. Is this 7 million print right here. And so if we pull back and it tags this, starts moving up— so if we come back, tag this, move up through this cam, that's a great long entry on the way back up. Okay, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff, and subscribe to our Weekly Dark Pool Report, mobiticktrading.com/weeklyreport. First name, email address, and you get 13 swing trades for the coming week. We review the previous weeks, see how we did, we learn something new about the dark pools, and then you'd be all set for a new trading week. All right, happy trading everyone. We'll see you Monday with all new trade setups. Take care. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
