Dave Barnhart reviews day-trade setups for QQQ and AAOI, citing $4.5 billion in dark-pool prints suggesting institutional buying. QQQ targets $660 above $6.49 entry; AAOI aims for $174.44 above $158, with both trades requiring confirmation on technical indicators and risk management.
Chapters
Good morning, traders. It's Wednesday, April 22nd at 4:24 a.m. All right, two stocks for you today. We've got the QQQs and we've got AAOI, which is our AI trade. We've been calling that one out recently. It's relatively new, but it's been moving and the dark pools are interested in it. So let's look at the QQQs. This is the last 30 days. We did call the bottom with these massive prints at the bottom. You see this 2.3 million here March 31st, and this This print here does not match this candle, which means it was reported late. It should have been in the previous day's candle volume. But look at this rejection—perfect three-line strike moving up—and this went to all-time highs. Who would have thunk of it? But anyway, yesterday six point seven million April twentieth, and so we've been moving up. They've been adding to their position. We've got this other print. We're riding the four exponential moving average and moving up, so we could probably come back maybe and test this print. This looks really strong. Like this is a really healthy short-term trend that's going on here. So let's see if we can move up, but we'll plan it on both sides. So let's go ahead and check this out. We're going to be bullish above six fifty. You can get in at six forty nine fifty if you want. I was just considered that you've only got fifty cents to the major dollar level, which is a five, a two fifty, a five, and a ten dollar level increment all combined in one. Six fifty is a huge level. So then we'd go six fifty one and a quarter, six. 652.35 as a cam, 653.57, 655, 657.50, uh, and then 660. I stopped at 660, and then you could do 661.56 if you like, which would be R3. ATR on this one's about $10.60. So we're going to be bearish below 648.50. So we've got this consolidation you can see here We gapped up and we're just snaggled in these prints here. This R1, the 6.7 million, and a 1.5 million sitting right here. And trading right on the print is a little bit difficult. What we would look for on the open, if we come back and tag one of these prints and break above this with, with some volume, then that is great for the longer-term intraday trade setup. You might want to stay in a little bit longer if that actually happens. We taught that in our webinar on April 10th. So you can check that out on YouTube as well. That's there. So $648.50, below there $647.50, $646.53. Right here is the CAM. So remember, this is a strong uptrend at the moment. Be careful with the retracements. I've got my 50 simple, 200 exponential, 200 simple, and the post-market running in here as support. So if you're going to scalp this, be very, very careful, but we do have a plan on the downside, right? $645.79 and $658, double pivot and cam. And then at the dollar, $645.06 is this cam sitting right here. Then we've got $640.360, which is also a 1.5 million and a cam. $642.87, $642.13. And I stopped here at $640. 96. That's about $8.50, but I'm not anticipating this to move down quite a bit. Um, not that I have a bias, just looking at all of the support and the prints there as well on the retracement. Okay, let's go check out our friends at AAOI. Okay, so we've called this one out several times recently, and so here we go, March 24th. We've got prints. We pulled back. New print April first, and then look at this. This is fantastic. Breaking above the print, engulfing these candles. That was even better. And so this kicked us off to move up as well. Added to their position here. So print another print. Open tag the print. Increasing volume. Pulled back to the eight exponential moving average. I'm not sure that. Didn't quite test the print, but moving up we got another one. And so this pulled back. Look at yesterday. Look at the volume here. Pulled back to the eight exponential moving average. It could have been to flush out people who were long and to grab more shares. And we'll see if this can continue on to make a new high. Otherwise, we can probably get down to here about one thirty-three. So let's map this out on both sides. You can see right now. We are snaggled. We have 200K, 100K, 200 exponential, and a cam. We've got this gap here up a little bit, but then we have this post-market support right here around 155.50. So we're going to be bullish above 158, this pivot. We have to have this as support. All of this needs to be support here, and we're at 156. But the thing is, is this thing moves 15 points, $15.30 in a day. So Uh, don't worry about missing out on anything. You need the setup to be correct there. So $158, target $160, $162.50, $163.62, $165, $166.09 is R1. Then we got what, $167.50, $170, and $174.44. And I called out the $2.50 levels anyway just because This thing can move 15 points in a day, so plus or minus. We're going to be bearish below 154. Yeah, we got to get below here. See, this is the post-market, this post-market range. So 154 here, then we'll go 152.75 is the cam, 150, 148.39, 146.62. Then we've got 144.04 and 142.36, which is S1, and that gives us about 12 points there on the retracement there. If that fails, then same thing, just continue down to the next level, minding the larger dollar increments. There you have it, those are your trade— 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. And we'll see you tomorrow with all new trade setups. Happy trading, everyone. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
