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Samantha's RECORDED Live Trading Room - 4/01/24

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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!


GET THE TRADE BEFORE IT HAPPENS

Rithika's Chase Summary

IMPORTANT: SVXY below 113 = VIX can move higher + markets pull back.
I didn't expect the semi bounce this morning to 'take'.
I also don't expect the precious metal profit taking to last. 
Pretty slow start to the new quarter
Yields have the market soggy
Nasdaq under the surface breadth is shaky whole NYSE breadth is green
VIX needs above 13.85 for more volatility
DXY almost into 105 resistance
Growth value having a little bit of a bounce but bigger picture a bounce
Sam still likes silver and miners after this digestion move for higher
Oil is getting bid
BIDU needs above 109 for 112, may 29 calls coming in
AGI digesting here after it breaks 14.95 next is 16.35
GOOGL needs to hold above 155 for 160
MRVL over 73.53 pushes to gap fill to 75.38 stop: 72.8
NXE getting nov 10$ call flow
TSLA below 173 hit 170 below that we have 167
XOM has September 130 calls coming in
VKTX hasn't gotten over the 88.75, could get profit taking below 77 into 68 if it breaks


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Michael's Trading Room Summary

APR 1, 2024 AM

Low Volumes expected today due to Europe Markets closed today for Easter. Powell suggested in an interview Friday that keeping rates "high for longer" is likely going to be the theme. Waller has flipped and turned dove strongly. Lot's of fed speakers this week.

MAG7 - Last week we faded into the 20-day MA which seems to have acted as a minor support (until it doesn't) with price this morning gapped up above the 10-day MA. MACD daily still above zero but the MACD line is mixed with the signal line so nothing clear from that.

Weighted Dollar / Yields Ratio - 280 / 270 channel; daily chop. Friday closed strong - near the high of the daily session.

IWF:IWD - Tues, Wed & Thursday all closed red - bringing price into a 100-day MA but we seem to have boused off that level with a gap up this morning completely outside Fridays range... still within the gap created from Thursday's close & Fridays open. MACD daily still under zero and the MACD line has crossed under the signal line. Still under the 50, 20, and 10-day MA's.

Intermarket

T2104 - slight "net selling" in the hourly but not heavy.

T2123 - Still green; Bull market continues

WTI Crude - Still seems like it wants to get that 84.00$ daily; gapped up & outside of Fridays candle. "policy intervention" - above 83 is bullish & that's where we are at. 85 next PT.

GOLD (futures) - new highs; holding above 2250 daily. "above 2223 it's bullish..." the end. Should see a pause when London comes back on line; looks like it wants to come back into 2223.

Nat Gas - strong breakout but still has a lot of levels over-head to deal with.

Bit Coin - still range bound daily; 69k to 72k. MACD still above zero; but MACD line under the zero line.

FX

Dollar (DXY) - MACD daily above zero- MACD line bullish above the signal line. 105 daily resistance & 103 daily minor support. Likely hits resistance there. Baseline - still bearish dollar. No worries unless this gets above 105$ daily.

USDJPY - MACD daily above zero- MACD line bullish above the signal line. 152 / 150 channel; tight daily range.

GBPUSD - could tangle at the 200-day.

USDCHF - strong pop

Bonds

TLT - big gap down under 93.50 daily - nearly giving back last weeks gains. MACD still under zero but the MACD line has crossed above the signal line. Baseline - still bearish bonds.

TNX - 4.37 daily resistance; firmer. Still making daily HL's. Likely get rejected at 4.5%

ZN (10Y) - still soggy. Still expecting a gap fill (lower)

ZT (2Y) - still soggy. Still expecting a gap fill (lower)

Index

SPX - Still have 5340 yearly PT. Needs to get above 5261 for a cont move into 5300 then 5340 area. Breaking 5250 hourly is ... pullback.

QQQ - still buying under the surface - but some weakness in the price. Stay under 450

SVXY - red; not compelling. (has a split coming soon). kinda a volatility day.

Chase

BIDU needs above 109 for 112, may 29 calls coming in

GOOGL needs to hold above 155 for 160

MRVL over 73.53 pushes to gap fill to 75.38 stop: 72.8

SPX needs to get above 5261 for 5300

VIX needs above 13.85 for more, nothing dramatic yet just a bounce off support

Honorable Mentions

Gold Miners doing well; could see a move starting in Silver too. China ADR's getting some positive flows this morning too (KWEB). GOLD was first & then SLV and now last week MINERS have all given Sam their "long signal." Copper still doing great. Soft commodities still doing great. SEMI's doing fine & pushing higher.

AAPL - weak; not worth it.

AGI - digesting here after it breaks 14.95 next is 16.35

ASML - getting popped up.

AMD - trying to cross above 21 day MA from below; Sam is not interested in this.

BABA - weekly gap up this morning; push above 74 weekly to ush nicely higher.

CNX - still doing great; weekly "scoop" doing great. Like it.

CELH - breaking 82.75 offers a possible move back inot the 10-week.

CRSP - coming back to the 100-week or the 200day MA.

CHK - pushing higher out of the TL.

EWW - weekly TL resistance; get above to cont.

FDX - news giving it a gentle pullback.

GM - hit PT; still looks good.

GDX - weekly gap up; very bullish. 32.39 PT hit this morning.

GLD - weekly gap up this morning. 203.30 weekly breakout.

GOLD - above the 200-day MA. Still looks very bullish. still going great; very nice.

KWEB - just starting to behave.

GOOGL - breaking into blue sky's - Stay above 151.50 weekly breakout.

LI - march car deliveries gave it a pop higher.

LLY - sideways

LPG - looking really good again. Needs to get above 40.00$,

TNK - STNG - LPG - all kind of the same group.

MU - put selling looking strong. Getting chased

META - getting chased.

MSFT - getting chased.

MRK - looks really good.

MREO - sideways hourly. Get above 3.35 weekly.

MRVL - above 72.86 daily or 73.53 weekly breakout could see a move higher & a gap fill at 75.38

NVO - chopping hourly; resting on the 21-day MA. Above the 200 & above the 55-day MA. NVO - dramatic - but still in trend.

NVDA - short to 860;

PLTR - 21.85 PT.

RNA - still digesting above the TL

SANA - keeping up

SAND - miner. Above the 200 & above the 55-day MA. 5.60 weekly PT (not today).

SLV - still VERY bullish silver - VERY. Gapped up Weekly - very bullish chart. 23.42 hit; not a surprise if it pauses here to digest.

TSLA - weak; not worth it. dropping out of the hourly minor support over news

TPH - looking really good.

VKTX - needs to get above 88.75 daily breakout level or get above 82 weekly resistance.

VRTX keeping up.

XME - weekly scoop pattern; moving firmly higher

$X - great bounce.

XLU - could digest here but should be "ok"

XBI - still see 91 before it settles. XBI - looking to hold 91 weekly & then resume higher


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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.