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#trading-room-summaries
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!
Samantha’s Live Trading Room Summary
“LaDucTrading members can access under #samanthas-market-thoughts channel in our slack workspace.”
https://laductrading.com/services/
Rithika's Chase Summary
SPX 5376 likely tags after this bounce; 5446 pivot for downside
QQQ below 452 has a gapfill to 447 again
Breadth making new lows
TLT digest at 99.35
Growth to value barely having a bounce
BTCUSD still sideways in a wedge on the way to 50K
Oil on its way back down to 65.65
AAPL below 220 came down to tag 217.7, now waiting on event
ANF 129 approaching then 125
SMCI below 395 heads down to 370, 357
TSM above 162 can try 165 but still weak
ABT 115 tag above 111
MDT over 90 into 93, 95 swing
MSOS into 7.09,7.36
Michael's Trading Room Summary
SEPT 9, 2024 AM
Tomorrow we have a presidential debate; Sam did a LOT of intermarket analysis over the weekend. Take the time to get into Slack & check that out.
MAG7 - closed at Friday lows; back under 115 daily.
Weighted Dollar / Yields Ratio -
IWF:IWD - closed at Friday lows; back under 1.9 daily. A minor green on the screen indicates "it's starting"
INTERMARKET
T2100 - Digesting
T2104 - Net Selling really picked up last week in NYSE and small caps.
T2123 - making new lows (on net).
T2126 - little bounce - no surprise. Has a strong "roll over" look.
WTI CRUDE - Under 70.00$ daily. 65 & then 60 is not off the table. Oil on its way back down to 65.65
GOLD (futures) - still chopping around the 2500 level daily. Holding weekly highs.
Nat Gas - getting closer to the 2.50 level daily; not there yet. Weekly - still chopping in a range.
Bit Coin - Still under 55.5k after last weeks big drop. Still see 50k on the table in the next few weeks.
FX
Dollar (DXY) - Very nice - clean lower highs and lower lows. Getting a little stronger though.
USDJPY - Bounced on key level. Holding above 140 daily / weekly.
BONDS
TYX - still rolling over.
TLT - still under 100.00$ daily - but also still holding near that level.
TNX - Still under 3.8%.
ZN (10Y) - hitting Mar / May 2023 "craziness" - all the way back to the freakout.
ZT (2Y) - hitting Mar / May 2023 "craziness" - all the way back to the freakout.
INDEX
SPX - Did not get a "gap down Monday" - sad for bulls. We look to open gapped up. 5376 short PT - looks really probable after this Monday Morning Bounce is done.
SPY - Friday - Sam said the move was 539.40. The move today is a "bounce & fade"
IWM - Under 212 daily. Lower gap filled daily.
DIA - Gapped up into resistance this morning.
QQQ - 447.30 was the measured move. The move today is a "bounce & fade" - 455 - then the gap is going to get filled.
VIX - 21.19 - above is "market" bearish & below is market bullish. Hourly Bollinger Band squeeze forming. Daily - basing. The Daily bollinger is going to get tighter and tighter
SVXY - not going anywhere. It's a mess. Broken.
BXM - rising; likely hits it's head on upcoming resistance.
CHASE
AAPL below 220.20, 217.7 gap
ANF 129 approaching then 125
ABT 115 tag
BTCUSD still sideways in a wedge
DOCN above 38.50 into 39.66
MSOS into 7.09,7.36
MDT over 90 into 93, 95 swing
NVDA 106 can try for 110, not looking good bigger pic
QQQ bounce then fade sam says
SMCI heading down to 357
SPX sam thinks 5376 likely tags after this bounce; 5446 pivot for downside
TLT digest at 99.35
TSM above 162 can try 165 but still weak
HONORABLE MENTIONS
ABT - like it. Testing weekly breakout.
AMD - looks like a fade
ARM - getting a minor reflexive bounce.
AAPL - a price change from Dan Ives: 285 PT. 217.71 daily is where it bounced a few days ago. Having a hard time breaking that 217 level. Testing the 55-day MA today.
AMAT - maybe stabilize here.
AVGO - gross. Could play that 200-day MA for weeks & weeks. Not a good look.
BIG - sad but true; bankrupt. Down 40%.
BA - union agreement to increase wages.
CELH - a mess.
CI - needs to get / stay above 366 area (weekly).
DOCN - keep it above 38. & needs to get above 38.50 daily. It's trying.
DELL - likely slides down the TL. Sam said before it reported earnings that it likely continues to fall. Under the daily MA's. Looks like it wants to continue to fall.
DIS - not in play.
EBAY - slowly but productive. Weekly 58.34 breakout working. Still like it.
ELF - still broken.
GSK - not productive.
GLD - Sam is nervous about gold now.
HIMS - played out exactly as Sam said it would.
KIE - looks like it is done going up.
MSOS - little bit of a gap - popped up hourly.
MNST - trying to come up to the top of the weekly TL. Still broken.
MRK - less safe. Rejected the 55-day MA & continues to fall.
NVDA - Bounced on 30Week MA - like a bounce into resistance. 106.50 daily level is the trouble to get past.
PLTR - S&P Mid-Cap 400 add/in. 33.50 daily resistance holding. Spiking up to 33 weekly. Above 33.15 weekly is bullish. Could see a back - n - fill back to 31.34. Keep it above 32.80
PODD - continues to move higher; more speculative. fighting the 55-day.
RACE - 500 weekly holding as resistance.
ROKU - not sure why it's popping/
SMMT - tied to $MRK.
SMCI - still have 357 weekly PT.
SMH - Bounced on the 200-day MA. 213.37 weekly short PT "close"... It's likely that this bounce gets faded. Think 214 gives up.
SLV - weakened first. Sam is nervous above GOLD now.
TSLA - dumped Friday. We are in the muck.
XLF - getting a little weaker (with insurance maybe...?)
Banks & Insurance look done going up.
Weekly Breakout in medical instruments & medical devices.
ABT -
BSX -
ISRG - leader of the pack; been a great one.
MDT - needs work but like this.
RMD - in play.
SYK -
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Samantha's RECORDED Live Trading Room - 9/09/24