Dave Barnhart analyzes dark pool trades in USO and Intel. USO shows bullish setup above $133.60 targeting $137.84, with support at $129.76. Intel has massive 9.9M share prints around $103 and a bullish range above $91.50 targeting $96.69.
Chapters
Good morning, traders. It is Monday, August 31st at 4:19 AM. All right, 2 stocks for you to trade today. We've got USO, so oil's on the move a little bit, and we've got Intel. So largest trades last 30 days, you can see on USO here around August 11th, we've got a huge consolidation of prints. We came up and then there was a $250K print here on August 21st which threw us back into these prints. We've got waning volume and we're moving up on very little volume. If we can close above like $134.50 or something, then potentially oil can go higher. Otherwise, if we have to get below like $124.50 on the downside, then we can get down to this 50 simple moving average. But you can see where the institutions are. They've been building their position here. So let's go ahead and map this out. I was on the left-hand side with my pivots and CAMs, and I mapped this out. We were bullish above $133, but we're already at $133.20. If we come back to that 133 level and then start moving up, then that's another good entry. But let's make it 133.60. We're going to do that. We want this R3 to be support so that we bounce. We don't want to break back below. So 133.60, target 134.08 is that $250K that I pointed out on the daily chart. 135, 135.70 is R4. 136, 137, 137.84 is R5. And so this one has an 18 of about $4. So that's what the expected move on the bearish below, we're going to be $132.50. Let's get below this range here. Target $132. $131.87 is a cam. $131.42, $130.88. You can see things are squeezing in here. $130.56, $130.30 is $319K. If we break below that, we're trying to get back to this post-market We've got 130.09, 129.90, and 129.76 is this 181K sitting right here. That's kind of the pre-market before it pulled— post-market before we pulled back, and now we're up here. Okay, let's move on to Intel. All right, so Intel here, we've got this consolidation of prints here in the last month. These are absolutely massive, right? So 9.9 million is the biggest here from August 14th at $103. We're trading at $91, we're $12 below that. So 2 million, 1.1 million, 5 million, I mean just massive, massive prints here. So We've pushed back down, and so let's see if we're going to break above these prints here at the bottom: 87.90 and 90.79. We're above those at the moment, but below these massive ones. So for the swing, we have to break out and try and get up towards these prints where these other prints would be targets. And if we break below, I've got a 200 exponential here at about 78.79 on that. So let's map this out for the intraday. We are going to be bullish above 91.50. Let's get above this range target, 92.03. 92.13 is a 1.8 million. 92.43 is R1. Then we've got 93, 94. 94.14 is the cam. 95, 95.39 is R2. Then we've got 96 is the 1.3 million. 96.69 is 5 million, which we already talked about. I stopped there. ATR in the This one's about $5.50, so we'll leave it there. Otherwise, you can map it out to the moon. Bearish below 89. This is a whole mess here. We've got 7 million in prints. I've got my 200 simple, 200 exponential, and we've got 3 pivots, 3 Camarillo pivots here. So let's get below— oh, and this one, and there's the post-market. So 89, we want this to be resistance. Target 88.62. 88, 19, 87, 78, and 70. 2.5 million here right at this S1. So this is going to be a little bit tighter on the downside, definitely doable. Then we've got 86, 91, 86, 09 is S2. 85, 84, 80 is a cam. I'll scrunch this in a little bit. 82, 50, 81, 44 is S3. So it does expand a bit on the downside, especially for room, but 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, and we'll 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.
