DARK POOL SCANNER | June 22, 2026
Lit: -$8.5B. Dark: $SPY +$1.11B. The dark pool still buys $SPY. Third consecutive session. $TLT -$354M. The duration bet unwound. We called it at 12:29 PM.
Dark Pool Buyers:
$SPY +$1.11B (31 prints, LIT: SELL -$2.05B, PATTERN HOLDS)
$MU +$280M (27 prints, $0 DP SELLS, BOTH AGREE)
$QQQ +$36M (30 prints, NEARLY FLAT, LIT: SELL -$2.45B)
Dark Pool Sellers:
$AMZN -$365M (18 prints, $0 DP BUYS, BOTH AGREE)
$TLT -$354M (3 prints, $0 DP BUYS, DURATION BET UNWOUND)
$BRK.B -$257M (3 prints, $0 DP BUYS)
$MSFT -$227M (4 prints, $0 DP BUYS, BOTH AGREE)
$TSLA -$201M (2 prints)
$IWM -$170M (20 prints, LIT: SELL -$119M, BOTH AGREE)
$GLD -$130M (5 prints, $0 DP BUYS, ACCUMULATION REVERSED)
The dark pool still buys $SPY. The lit tape sold $SPY -$2.05B. The dark pool bought +$1.11B into the same sell. Third consecutive session. June 16: lit sold, dark pool bought $SPY +$2.98B. June 17: hawkish Warsh, dark pool bought $SPY +$358M. Today: -$8.5B lit tape, dark pool bought $SPY +$1.11B. The pattern holds through a regime change, through OPEX, through the post-OPEX reversal. The dark pool does not sell $SPY.
The $SPY/$QQQ split continues. $SPY: dark pool +$1.11B. $QQQ: dark pool +$36M, nearly flat. Lit tape: $QQQ -$2.45B. The dark pool buys broad market. Ignores tech-heavy. Fourth consecutive session of the split.
$TLT: -$354M with zero dark pool buys. On June 16, the dark pool bought $TLT +$410M. The duration bet into FOMC. Warsh was hawkish. Today -$354M. The position unwound. We documented the $183M $TLT dark pool sell at 12:29 PM and the $226M $IWM dark pool sell at 12:36 PM. The full session confirms what the intraday alerts showed. The duration trade lasted four days.
$MU: +$280M with zero dark pool sells. +$3.49B on the lit tape. Both tapes agree buy. Cross-venue consensus. $MU has been on the buy side more days than any other name in the series. The accumulation pattern survives every reversal on both venues.
$AMZN: -$365M dark pool with zero buys. -$1.43B lit tape with zero buys. Both tapes. Both zero buys. Cross-venue consensus on the sell. $AMZN wasn't even in the dark pool top board last week. Today it leads the sell side.
$MSFT: -$227M dark pool with zero buys. -$858M lit tape with zero buys. Both tapes agree. The distribution returned on both venues. The two sessions of buying last week are over.
$GLD: -$130M with zero buys. The dark pool built +$850M in gold over four sessions before Warsh. Today the gold accumulation reversed. Not paused like June 17. Reversed. The hawkish repricing reached the gold position.
$BRK.B: -$257M with zero buys. We flagged the $146.5M $BRK.B dark pool sell earlier in the session. The full session total: -$257M. Zero opposition. The safest name in the market being liquidated without a single buyer.
Five dark pool names with zero buys: $AMZN, $TLT, $BRK.B, $MSFT, $GLD. Five lit tape names with zero buys: $AMZN, $DIA, $MSFT, $NVDA, $TLT. $AMZN, $MSFT, and $TLT appear on both lists. Cross-venue, zero-buy consensus. No one is buying these names on any venue.
The dark pool position: buy $SPY, buy $MU. Sell everything else. The framework holds. Post-OPEX. Post-Warsh. Week sixteen.
Now you're watching both.
