Samantha's RECORDED Live Trading Room - 2/22/24
Samantha's RECORDED Live Trading Room - 2/22/24
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#trading-room-summaries by Rithika & Michael
Greetings. We are two of Samantha’s Live Trading Room Moderators. Rithika focuses on the the chase action for intraday moves. Michael captures a summary of all ideas & trades across all timeframes - chase, swing & trend. We both make best efforts to cover her trade set ups as well as those requested by clients in the room.
For best results, listen yourself. Or better yet, join us live!
Rithika's Chase Summary
SPX never broke 4950 support, and bounced off the range on NVDA earnings
QQQ 435 is now pivot again, above we have 440,445 below we have multiple gaps to fill
VIX rejected 16 and came back down again, SVXY bulled up
Anything above 5030 on SPX is bullish for higherNVDA tagged our 666 target from yesterday and bounced, above 760 we had 776 which tagged, sam thinks we are likely done there for today, needs below 743 for lower
AMD was a nice chase above 174 into 177,180.5 next we have 185 on continuation
SMCI tagged our 707 level and bounced, needs above 868 if it wants higher
ZS above 227 we will have a gap to fill
AMZN above 171 we pushed into 174, needs above 174 for 177,180
CHK needs to stay and hold above 83 to push into 85,88
CRSP above 80 we pushed into 86, now needs above 87 to stabilize
Elf above 176 pushing into 183
UBER is a if 80 then a 100 kind of stock
MSFT 409 pivot
Michael's Trading Room Summary
IWF:IWD - MACD rolled over this week (has not crossed down below zero) ... but last night's NVDA earnings likely changes the look on the MACD today. Massive gap up in the pre-market. Baseline bet was 1.89 & then bounce was the idea... but that was yesterday.
MAG7 - massive pre-market gap up. Not at all time highs but above all the daily MA's a bullish "at the highs" - bouncing back into sideways.
Weighted Dollar / Yields - Closed above (but near) 275. Chopping between 280 / 275 daily.
WTI Crude - pulled back below 79.11 daily.
GOLD (futures)- Bullish % Index suggests this is not done going down.
Bit Coin - Chopping in the channel.
FX
Dollar (DXY) - fell to 103.50 over-night but off those lows near 104 as we come into the premarket. Playing little games.
USDJPY - back above 150.50 daily. "scoop" pattern forming on daily. Risk above 152.
USDCNH - China doing well after their lunar holiday.
Bonds
TNX - tagged 4.35% but has faded back from there. Sitting near yesterdays high as we come into the premarket. Above 4.36% would be a worry for markets but can't see price getting above that.
TLT - Tagged Sam's 92 PT daily. Gapped up premarket into 92.50 area.
ZN (10Y) - 109'16 daily seems to be acting as support. 5 days we have chopped at this level. 110'16 seems to be daily resistance & that becomes our channel. Follow the TL lower.
ZT (2Y) - fell into PT. Still looking for 101 to continue acting as stability.
10Y/2Y spread - expecting -0.60% still ... but holding sideways with a range -0.20 / -0.40. Weekly MACD bullish while daily MACD nearing a zero line cross-down.
Index
SPX - Above 5030 is bullish.
SPY - Needs to fill in. Looking for option positioning.
QQQ - sideways grind is baseline bet. "correct in time / not price"
SVXY - above 108 is very bullish.
VIX - on the ground
CHASE
AMD needs >174 to move still in the channel range - AMD hitting first target at 177.41 next is 180.5. 180.5 approaching, 185 next
AMZN holds over 171 we in play for 174 again
CHK needs to stay and hold above 83 to push into 85,88
GOOGL above 145.47 we have 147
INTC does not look good,below 42.45 we have lower levels at 40
MSFT 409 pivot
NVDA needs to break 743 to be a chase short, above 760 we have 776 next - NVDA likely done for today here at 776
$QQQ if bears want to show up it would be here at 435, we have a gap lower above we have 440,445 again
SPX 5030 pivot, anything above is bullish
TREND
IR - just crazy & it is in the trend long.
SNPS - a little drama but then boom. Trend long idea going great.
BLDR - going great.
PWR - 246 is PT. Going great.
URI - I wish.
VKTX - stunning. 36..??!?!! - Need to take some profits. Protect here.
JBHT - coming back up from the dump.
LLY - nice and firm again
IRM - trend doing great. no question.
Honorable Mentions
AMD - saved by NVDA. Pushing back up again. Just has to break above. 180.50 needs to get taken out. Above it - likely takes off. 177 daily breakout. Strong candle - looks fine.
ARM - up 10%.
AMZN - getting the nod. significant sales growth forecast. Mar 15 - 215 calls ... remember those? Your welcome.
AVGO - supported.
ADBE - 200 bounce.
BROS - not really doing anything.
CLX - digesting; nothing wrong.
CAT - take profit or close.
CVNA - after the close
CSPI - wow. have to use the stock though.
CRPT - watching & waiting for a breakout.
CHK - has a look. Holding above the 200-day. Needs to get above 83 weekly.
CRWD - perfect PT tag.
CRM - bollinger band tag.
DIS - protect or take some profits.
DOCN - above 40 weekly offers 46 PT.
DELL - bullish engulfing off the 10-weekly too. Blue Sky & very bid. Looks great.
ELF - 45-degree angle. blue sky. Does not look done. Looks really nice.
FL - 33.89 weekly resistance. Looks good. Above that it has a GREAT area to fill. Sells mostly "NKE" ... so keep that in mind.
INTU - after the close
JWN - needs to get back above TL.
LI - doing really nice.
MELI - after the close. $AMZN of Brazil.
MSFT - 10-week tag perfectly. Above 409 weekly for trigger.
MOS - stay above 30.00$ weekly
NVDA - hit the 666$ PT. Above 746 is long trigger. Bullish Engulfing weekly. 743.36 hourly is the trigger for a short (break that). NVDA - Looks done for today.
NU - reports after the close.
ODFL - waiting for a breakout.
PWR - 246 is PT.
PANW - little bounce at the 200
PLTR - digesting.
SE - looks fine.
SNOW - not a drama
SQ - good chart. Speculative play. Earnings.
SNPS - a little drama but then boom. Trend long idea going great.
SMCI - options are blah. 886 is the line in the sand. At resistance hourly.
SMH - up from NVDA.
TSLA - not helping.
UBER - "if 80$ then 100$"
VLO - seen a lot of options come in to tap it down lower. Pushing into the 55-day MA (lower).
VALE - after the close
WING - doing great.
XHB - spy likes strong housing market.
XLE - came back in.
XLI - BLDR & PWR giving this a lift.
ZS - exactly to the PT. Back above 227 then we'll have the next gap to fill. Perfect PT tag. Was a great play. Still looks like it could bounce. Needs back above 228.
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