"Dark Pool Quiet Rotation Patterns" by Martha Stokes CMT

Giant Buy Side Institutions Indicator Patterns

Giant Buy Side Institutions Indicator Patterns
Dark Pools are here to stay despite what the retail news media hype portends. The Securities and Exchange Commission SEC has investigated the practices of giant Buy Side Institutions using Dark Pools, and it has been proven that they are not getting any price advantage.

Dark Pool alternative trading systems are used to hide giant lot orders from Buy Side Institutions, and to ensure when the giant lot orders are triggering there is no major disruption of the current trend. It is a major Market Structure change that has altered everything about trading stocks since 2005, and continues to change Price and Volume patterns today.

The following are 3 major Dark Pool patterns to learn:

     1. Dark Pool Quiet Accumulation Patterns
         2. Dark Pool Quiet Distribution Patterns
     3. Dark Pool Quiet Rotation Patterns
Most traders learn “Accumulation and Distribution” patterns, which are broad terms not clearly defined. Unfortunately QUIET is very different now with Alternative Trading System venues. The term “quiet” means it is not visible in the chart, unless you use specific indicators and know what to look for in price action.

Many Retail Traders are prone to sticking with outdated methodologies, strategies, and trading systems so it is a leap of faith for them to accept the new reality of stock trading. However until you learn the Dark Pool patterns, trading profits are likely to be a disappointment.

Today we are studying Dark Pool Quiet Rotation Patterns as shown in the chart example below, which differ from Dark Pool Quiet Distribution. 

The term Dark Pool Quiet Distribution refers to a mandatory selling of shares of stock held in trusts and charters. Giant Funds Managers of Buy Side Institutions do not wish to sell the stock, but are forced to do so based on sudden huge redemption demands by their uninformed Mutual Fund Investors. Distribution dumps a huge amount of stock for sale suddenly, removing money from the Stock Market so there is an outflow of monies aka funds. 


Rotation is always quiet these days and well hidden from view, and eventually it may cause a topping action. Dark Pool Quiet Rotation does not remove monies from the Stock Market. The Giant Funds Managers are merely moving money around from one stock to another.

The chart example below has been under Dark Pool Quiet Rotation for some time.


StockChart example with dark pool rotation pattern - technitrader

The ChiO Indicator which is a Volume Oscillator in the middle chart window clearly reveals a contrarian Volume pattern, or that Volume is heavier on the sell side than on the buy side. 
                           
The Money Flow Index MFI Indicator in the bottom chart window, reveals that the flow of money into this stock is not keeping up with the fast paced buying of the Retail Traders and the Smaller Funds Market Participant Groups.

The giant Buy Side Institutions use these two Market Participant Groups as a cloak to hide their Dark Pool Quiet Rotation Patterns. By not disturbing the trend but allowing the stock to climb higher due to Retail Traders and Smaller Funds buying patterns, the Dark Pools actually benefit as they sell hidden on their Alternative Trading System venues.

Summary

ChiO the Volume Oscillator Indicator starts heading down and diverging contrarily from the price action, which is a critical point all traders need to recognize. Sure you can trade the stock as it moves up, however if you are not aware of the heavy Dark Pool Quiet Rotation out of this stock, a buy could end up being a serious major loss. This stock gapped down after barely rising above prior resistance.

The Money Flow Index Indicator is lagging behind behind price, which is moving with speculative emotional buying by smaller lots in the chart example.


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Trade Wisely,

Martha Stokes CMT

TechniTrader technical analysis using a StockCharts chart, courtesy of StockCharts.com


Chartered Market Technician
Instructor & Developer of TechniTrader Stock and Option Courses
TechniTrader DVDs with every course.

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