Playback speed
×
Share post
Share post at current time
0:00
/
0:00

Samantha's RECORDED Live Trading Room - 3/04/24

Your LIVE TRADING ROOM options:

1. For LIVE real-time & custom engagement: Join our CLUB membership for $350. Includes Samantha’s Swing/Trend portfolios/alerts & all macro-to-micro contributors/trades & all posted analysis/education/Tradytics option flow!!

2. For VIEW-ONLY real-time: Join our COMMUNITY membership for $125. Includes live stage moderators & Samantha's intraday/multi-day Chases & market thoughts!

3. For RECORDING & summary notes: (soon) Join PRO in Substack for $95. Includes the full recording of Samantha's live trading room each daily with summary notes.

FREE FOR NOW

#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!


GET THE TRADE BEFORE IT HAPPENS

Rithika's Chase Summary

Market subdued on trump news 
SVXY needs below 109 for any kind of volatility and vix needs >13.8
GLD above 194.5 can make a dramatic move 
GDX heading into 28.34,29 miners getting a little flow, have started to base but yet to turn 
No headwind of rising dollar or yields
SPX, QQQ likely see digestion this week ahead of Fed Powell's 2D testimony to Congress Wed/Thurs before Non Farm Payrolls Friday.
Spiking higher gold tells me that Nasdaq needs to slow down so looking for some volatility to appear this week.
SE failed that 55 level and filled its gap at 51.46 if you are short next is 48.2
TSLA below 199 headed to our 193 level, now needs to digest and break for 189
ZS below 215 headed to 210.7
CVNA heading into 86 target, above that we have 90,99
GOOGL 132.9 target about to tag, if that breaks next is 129 but 132.9 is the 200 day so careful 
JMIA 6.4 tagged into 7.24 must digest here for 8.6
AAPL picking up speed to 174.32,173,171.50 below 177
SNOW below 180 is 176,172
CELH 83 about to tag after some digestion 89 next and eventually 100
AMD ran higher last week on 183.83 trigger thru 185 wkly resistance to 200 PT - hitting 210 premarket with bullish >208.80 on hrly, bearish below
SMCI being added to SPY 400 is bullish > 1059 on hrly, bearish below


Share Macro-to-Micro by Samantha LaDuc

Michael's Trading Room Summary

MAR 4, 2024 AM

MAG7 - Still bullish daily / weekly.

Weighted Dollar / Yields Ratio - Broke under 275 last week & it stuck. Next lower level is 262.50 (a long way down).

IWF:IWD - Closed Friday at the highs of the day; testing 1.95 from below. Still above the 10-week & 10-day MA. Daily MACD has crossed but is not below Zero. Growth is still in control with Semi's. Still have a bullish backdrop.

ECB - rate decision on Thursday.

We have bank drama coming in as well.

If Powell wants to get this market to slow down - he'll have that chance on Wed while on the hill.

Intermarket

T2123 - stunning. exploding higher. Great for small caps (& IWM)

WTI Crude - Managed to get through 79.11$. May see old resistance prove to be new support. Could see 83.

GOLD (futures) - hit daily resistance and came down a little. Still bullish and holding the highs from Friday's big move. MACD daily is now above zero and giving more bullish signal.

Nat Gas (XNGUSD) -1.87 daily and 2.15 daily are the levels to watch; this is the channel. Went r2g and has a big gap up this morning.

Bit Coin - Broke through resistance (64k) & the MACD daily is bullish. Proxies are bullish. At 65k.

FX

Dollar (DXY) - daily 105 still resistance. 103.50 still daily support. That is our channel right now. Sam said last week she expects this to fade a little further (maybe into 103...?). Continues to hit 104.20 and dump.

USDJPY - Still holding sideways - day after day. 149.50 daily & 151 is the channel of concern (or the high & low from Feb 13, 2024). Looks supportive at the 150 area.

Bonds

TLT - big gap down daily this morning. Rejected off resistance at 94.50 daily. 93 daily minor support level.

TNX - big gap up this morning. Closed Friday near the lows of the day but the gap up has covered nearly 1/2 of Fridays candle. 4.36 / 4.37 continues to hold as a resistance. See a lot of work need to be done before we can move higher.

ZN (10Y) - big gap up Friday; closed near the HOD. Broke completely out of the range on the daily chart & closed outside of it. That range top may now be a minor support - at 110.05'... fading a bit this morning but still well inside Fridays candle. This gap will be filled - give it a minute.

ZT (2Y) - Massive gap up Friday - closed near the Friday high. Red this morning and fading lower but still within Friday's candle range. This gap will be filled - give it a minute.

Index

SPX - Closed at the highs Friday after breaking out of the range. 5100 minor support hourly.

SPY - Closed at the highs Friday after breaking out of the range. 510 minor support hourly.

IWM - Thursday & Friday candles nearly equal - gapped up premarket outside of the range. 206 hourly minor support. Sam's 205 PT taken out. Other levels she gave were 207.21 target then 209.70

QQQ - Closed at the highs Friday after breaking out of the range. 440.59 minor support hourly. Sam's PT of 444 taken out.

VIX - Looked like it would fall enough to touch 13$ Friday - closed at the lows of the day. Gapped up this morning into 13.50$ but still inside Fridays range. VIx 13.38 needs follow through if there needs volatility

SVXY - Red Friday - but managed to lift off the intraday lows. Still bullish daily / weekly. unless SVXY gets below 109 no volatility

Chase

AAPL picking up speed to 174.32,173

AMD extended intraday 208.80 pivot level for lower to retest 205,200, above still bullish

CVNA heading into 86 target, above that we have 90, 99

CELH 83 about to tag after some digestion 89 next

GOOGL 132.9 target about to tag. if that breaks next is 129. watch out for the 200 day which is 132.9

JMIA 6.4 tagged into 7.24 must digest here for 8.6

SE now needs to digest 55-57 to test 60, 62.56

SNOW below 180 is 176,172

TSLA below 199 heading into 193. 189 next after it digests 193

ZS below 215 next target 210.5

Trend

FAST - trend long. Has been great. Still not hitting the Bollinger. Boring but profitable.

TM - cont trend long.

Honorable Mentions

AMZN - doing really well. 177.50 weekly support. Lots of conviction on this one.

AAPL - removed from the GS "conviction" buy list. Below the weekly 55-MA. Could see 174.50 and then 171.50 hourly. 163.50 monthly support. Gapped down below monthly 176.90 (or 177). Shorts need to keep it below that level.

AMD - anything above 185 bullish but getting extended. Crazy.

BRKB - could see a retest of the 10-week.

CRSP - came back in after hitting PT.

CVNA - 86 weekly resistance. Above that is lot's of room above (first PT 99). CVNA - 46% short interest

CHK - pushing higher above 83. Still looks good.

CRUS - has energy; like it for more.

CPNG - 19.26 weekly is key. Has to get above that.

COIN - has done nothing wrong; below 208 offers a nice short.

CELH - looks so strong. Little earnings slump but was defended and had volatility surge & 83 was PT but it's still "if 80 then 100" for this

DECK - getting bid; news offering a lift. Looks great.

ENPH - not crazy. Hitting the 200-day. has to digest this.

$F - hybrid sales news popped it up. $F - gap fill near 15.00$ weekly (14.83). Opened above the 100-week. Above the 12.81 resistance. Get above 13.97 to see 14.00 and above 14. we can get that gap filled.

GLD - that move Friday is a threat to the market - like a warning to the NASDAQ to "slow down." Back to Aug 2020 levels & that is resistance (until it isn't). Above 194.45. GLD - looks crazy bullish. Scary ... with the history it has connected to the NASDAQ.

GOOGL - Below 138 weekly offers 133 weekly (we are already there). 129 is next lower level. Hitting the 200-day today. 132.59 hourly for the place to get a little bounce.

GDX - very bullish engulfing & follow-through.

GE - crazy bullish. Awesome. Wow. Swing or Trend doing great.

HRB - nice weekly breakout. Keep it above 48.62 weekly.

IPO - Sam likes it.

IOVA - weekly is very bullish. The Weekly Gap above is just stunning. Above the 200-week and approaching the 400-weekly MA. Could overshoot into 20 before it softens. Looks very bullish.

IBM - not selling off. Sideways for years. Digesting well & pushing higher.

JWN - triggered 20.70... still like this one & needs to be added back.

JMIA - short covering w/ a gamma squeeze. Stunning. Daily Bollinger Band Squeeze. Shallow pullback w/ breakout higher. In short covering mode now.

KRE - has not broken.

LI - it's a wild one;

$M - back to offer levels.

MRVL - congrats if you held this.

MRK - blue sky but getting a pullback. 122 is the 10-week. 122.85 daily is the level to stay above.

MSFT - anything above 415 offers 420 area. Choppy in the intraday. Very Bullish.

MU - very strong. 97.50 should hit it's head. 97 weekly resistance.

MARA - needs to get above 29.50 weekly to cont long.

NEM - 31.24 support weekly.

NVO - did not roll over.

PLTR - sideways but breaking that 24.

$REAL - stay above 294 weekly.

SAVE - "it's done." Could see the prior low at 4.04$ weekly. Needs a savior.

SMCI - Sam said is was still bullish & nothing is wrong with this trend. 1059 hourly resistance. SMCI - below 1059 may offer a short play to fill the gap.

SHOP - done for a while.

SE - this is a tricky spot. Gapped up above the 50-week. Above the 200-day MA. 55.62 weekly support. It's working. Likely gets a gap fill back to the 50-week (around 52 / or 51.43). Sam's PT was 51.30 so "cheers" if you held through earnings.

SANA - could see a re-test of support but still bullish. Hold 9.55

SNOW - right back to monthly. Stay below 182 weekly for a move into 172 weekly (or the 200-day MA @ 176)). 180 / 172 channel.

TSLA - keep it below 199 hourly if you wanna short it. TSLA - testing the bottom of the 200-week MA. Good short location. TSLA - digest 193 and then 198 is next PT on hourly.

UPS - oversold play. Stay above 149.50

UBER - "if 80 then 100" - yes but think about OpEx threat. Daily "scoop" pattern. Hit 81.87 daily and have softened.

VKTX - still fine.

XBI - careful. 5-bar rule & at monthly resistance.

XLE - if you are bullish then keep it above 86.50.

ZS - posted earnings. Short. Next PT is 210.50. Breaking that offers 208.


Before you leave!

Please remember I have a great team you are helping to support.
If you enjoyed this analysis, let us know!

0 Comments
Macro-to-Micro by Samantha LaDuc
Recorded Live Trading Room
Every trading day, Samantha runs a Live Trading Room from 9 - 11 am ET for CLUB/EDGE clients - complete with custom engagement, option analysis, macro event risks and market moving news. She captures the move before it happens & sets up the trade for clients across CHASE, SWING & TREND timeframes. CATCH HER RECORDINGS HERE ON SUBSTACK - posted by 2pm ET - except Fridays when she reviews ALL OPEN/CLOSED trades in her portfolios for CLUB/EDGE clients.