Dave Barnhart breaks down Microsoft and Lam Research earnings setups, highlighting $5 billion in dark pool prints sitting below current price. He maps moving averages, pivot levels, and specific bullish and bearish triggers for intraday trades.
Chapters
Good morning, traders. It's Thursday, July 30th at 4:18 AM. All right, 2 stocks for you to trade today. We've got Microsoft and then we've got LRCX. Both have earnings. And look at Microsoft, it is off to the races. Largest trades in the last 30 days. Look at all of these: $1 million, $1.3 million, $1 million, $1 million. There's billions of dollars right here. And so we have this consolidation here, and then coming up to the earnings, 50 simple moving average. But look at the sandwich. All of these prints are just sandwiched in here. So we're pulling back. Scooping up some more, then earnings hits and boom! We're up to my 200 exponential moving average here right at 421 area. So let's go ahead and map this out on the intraday for a trade to the upside and a potential retracement. No bias. We'll just trade what's in front of us. So Microsoft bullish above 422. Let's move up a little bit. Target 424, 425, 427.50. Then we've got 430, 431.04. Right here is R4 ATR, and this is about $11. We're already almost 3 times that at the moment. So we're going to be bearish below $416, target $414, $412.50, $410. $406.02 is this R2 right here. Then we've got $403.11, which is a cam, and $401.10 is this 1 million share print. This would be a fair value gap pretty much all the way down to here, but we got my 200 simple, 200 exponential. We've got 2 pivot It's in a cam, bit of a sandwich there. So this would be retracement to before the news of earnings. All right, moving on to LRCX. Okay, LRCX had earnings as well. Largest prints in the last 30 days. We see this consolidation here, 600K, 600K, things like that. And so we've pulled back. There were more prints here, and it looks like they were selling because we pulled back down to the 200 exponential moving average. And then yesterday We got a couple prints about 600,000, or 2 days ago about 600,000, yesterday 200K, and sitting there. So now we're just testing these prints here in the 4 exponential moving average on the daily. This is still bearish at the moment. Let's see what actually happens. So we can have a retracement down through this candle, or we can— let's see if we can get up to this 8 exponential moving average. Okay, so let's map this out. We are going to be bullish above 273. That's this 250K print here. 275.48 is a cam. Then we've got 280, 281.73 is R2. Then from here, sky's the limit, right? We've got 285, 290, 295, 300, 304.69. That's quite the move there. This one has an ATR of about $26. We've already moved almost $20 of that. So let's see what happens. We're going to be bearish below 264.75. Let's get below this level right here. We want this exponential moving average here, this cam, to be resistance, and also below this low. So target 260, 250, 260, 258.77 is the pivot. Then we've got 256.56, 254.50 is a 200K print and a cam right there. Then we've got $250.25, $248.14. I'll just move this up a little bit. $248.15, $240.604, and $244.08. We stopped there as S1. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comment section below. I always like to hear from our traders, and we'll see you tomorrow with all new trade setups. Happy trading. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
