In this YouTube commentary, trader Dave Barnhart delivers intraday trade setups for two stocks on September 3, 2026: Hewlett‑Packard (HPE), which is down on earnings, and ServiceNow (SNOW), which posted a blow‑out earnings beat. For each ticker he reviews the largest institutional trades over the past 30 days, highlights key volume spikes, and maps those prints onto technical frameworks—4‑ and 8‑period moving averages, 50‑ and 200‑day simple moving averages, pivot points, and CAM (Cumulative Average Momentum) levels. He then defines bullish zones (price above specific support levels) and bearish zones (price below defined resistance), listing concrete price targets for both the upside and downside. For HPE he notes a bullish threshold at $49.50 with multiple resistance targets up to $52.50, and a bearish zone below $49.50 with support targets down to $46.01. For SNOW he marks a bullish breakout above $381 with incremental targets up to $395, and a bearish zone below $377 with support down to $360. He references the ATR (average true range) to gauge momentum, emphasizes the importance of staying above the 4‑ and 8‑period moving averages, and concludes with a standard call‑to‑action and sponsor plug for Mobitick/TrendSpider.
Chapters
Good morning, traders. It's Thursday, September 3rd at 4:22 AM. All right, 2 stocks for you to trade today. We've got Hewlett-Packard and we've got ServiceNow. So Hewlett-Packard down on earnings, ServiceNow blowout earnings. Let's go ahead and have a look. Largest trades in the last 30 days on Hewlett-Packard. We have this coming in here around August 5th. You can see the largest print here is 1.1 million right at the top. So we had this, we had a nice trend moving up and right at this inverted hammer. Look at that increasing volume, and we squeezed a 1.1 million in there at 57.55, and then we pulled back down through the prints, and then we just kind of plopped through this 50 simple moving average, this blue one here. So we're dropping below that, we're below all of the institutional trades in the last month. So let's see what happens if we, uh, start moving down. Continuing, we've got some targets And some targets on the upside. So we are going to be bullish above 49.50. You can see all the resistance above us here with my pivots and cams. Target, uh, 50, 50.26 is S1. 50.36 is a cam. 51, 51.09, 51.34, 51.37. We've got that. And then 51.58, 52.08. And 5250. I just stopped. Look at all of this mess in here. This is a 200 simple, 200 or 200 exponential, 200 simple, uh, 4 pivots in here. So that's 3 cams and a pivot. And then you can see that this is all resistance area anyway. I'm not sure how it'd have to be pretty strong to break through that. So then we've got a similar sort of thing, and then right up here about 500,000 sitting there. So that's tight on the upside. On the downside, we're going to be bearish below 4950. Let's get below this S2. We want this orange line to be resistance. Target $49.48. Then we've got $47.79 is 1.2 million shares. Maybe I should do this. Wrote 60 days. Oh yeah, $47.79, 1.2 million shares, and it's also 2.5 million there, 4 cents later. Then we've got $47.46.50 is $950K, and $46.01 is S3. All right, let's move on to ServiceNow. All right, ServiceNow, new all-time high. Look at this. We'll look at the prints in the last 30 days, and it was a little bit sneaky. So we've got lots of— these are the 10 largest trades here. So you can see like $100Ks, $160Ks, $90Ks. And so here, August 11th, We just have these wicks on top. We pulled back, and then around August 21st, we have this consolidation and getting closer to earnings. August 27th, look at all of this, all these white lines in here. This is all institutions either adding to their position or whatever. But this was sneaky. Look at this the day before earnings. Look at that volume inverted hammer at the bottom. Not sure who's going short at that, but it looks a little bit tricky. And then boom, we're up 72, almost 73 dollars today. On that new all-time high, 52-week high was 341.95. We're at 378.80. So let's go ahead. So we can trade this intraday. We're going to be bullish above 381. We've got this candle here, which is 380.50 was the high. Let's just break above 381 on the dollar level. 382.50, 385, 386.25, 387.50, 390, 392.50, 395. I'm just there's nothing. It's just all new discovery territory. So I broke this out to the like the $1.25 and the $2.50 levels. The ATR in this one's about $12, and so 6 times 12, we've already moved 6 times that so far. Um, so anyway, it can move. Just, we're riding this 4 and 8 moving average here. The blue, the blue one's the 8, the red one's the 4. So if we're continuing on with that And it's holding, then there's no reason to get out for the short-term momentum. All right, we're going to be bearish below 377. Let's get below here. Target 375, 372.50, 371.10 is our 5. Then we've got 370, 367.50 sitting here. Then we've got 365, 362.50, and 360. So that'd get us all the way back to here. So similar sort of thing if you're riding the 4 and the 8. So there you have it. Those are your two trade setups for today. So please like, share, subscribe, all of that great stuff, and we will see you tomorrow with all new trade setups. Happy trading, everyone. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
