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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.
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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
VIX below 19.29 is bullish the market
SPY 550 pivot above 552,555 below we have 548,545
QQQ 462 pivot above 465,468; below 455
TSLA 222 tagged, above 225 next is 228,232,235
PDD below 92 next is 90, 87
NVO heading to 130.27 , digestion then heads down to 122
XBI 97 is important to hold otherwise weakness to 94.5
NVDA over 108 can try 110
AMZN get above 173 for 178 and can try for 181.97
Growth to value getting a bounce at 1.9
Michael's Trading Room Summary
SEPT 5, 2024 AM
By EOY - the BofA Credit Spreads get busy again.
MAG7 - Under 115 daily. Still negative looking. MACD still under zero
Weighted Dollar / Yields Ratio - backdrop of Drama
IWF:IWD - hit 1.9 daily. MACD rolled over & still under zero line. a minor bounce offers a little "growth spurt." this offers a little pop in things like AAPL, Semi's, MAG7 names... Still has to get above 2.0 before Sam would consider this a good "bullish signal" - other side it's more likely a bear market bounce.
INTERMARKET
T2104 - blew through the hourly TL. More selling than buying.
WTI CRUDE - Sam said yesterday we could get under 70 monthly - we are there. Overshoot 65.00$ daily possible she said.
GOLD (futures) - back above 25k. Still range bound daily.
Nat Gas - testing the weekly resistance today; nothing of interest
Bit Coin - under 57k. bearish. sideways.
FX
Dollar (DXY) - tagged 101 again; bounced lightly - holding above it barely.
USDJPY - tapped 143 daily; holding above lightly.
BONDS
TYX - thin it's going to fall. Needs to break weekly support.
TLT - through 99 this morning. Looking at 100.00 again. Bonds love these favorable Productivity numbers.
TNX - under 3.8% - testing 3.75% premarket.
ZN (10Y) - popped into weekly resistance. The move this week has been impressive.
ZT (2Y) - popped into weekly resistance. The move this week has been impressive.
10/2 spread - above zero.
INDEX
NYSE - back to 19k. unwound the whole pop.
SPX - Closed within Tuesday's range. Close to 5500 still. Has a large gap to close below.
SPY - Gap to close 545. Hanging out at 550 Monthly support.
IWM - tested 212 this week... holding above that level right now.
QQQ - Needs a trigger for higher; get above 462 hourly.
VIX - get & stay below 19.29 ... if we do that - then expecting it to come all the way back down & for the market to move higher.
CHASE
AMZN get above 178 can try for 181.97
NVO heading to 130.27 , digestion then heads down to 122
NVDA over 108 can try 110
PDD - below 92 next is 90, 87
QQQ - would need to get above 462, to continue higher - needs a trigger to get higher.
SPY 550 pivot | SPY over 553.22 next is 555
TSLA 222 tagged, above 225 next is 228,232 | TSLA 228 tagged next is 232, 235
VIX below 19.29 is bullish for higher market
XBI 97 is important to hold otherwise weakness to 94.5
HONORABLE MENTIONS
Semi - H&S ... could take weeks. Growth / Value rotation - small amount.
AMZN - Above 200-day.
ATR - back near it's previous highs - weekly resistance area. Likely takes months to get the breakout. Not a fast mover.
AAPL - little bounce.
CPB - it's great. Before earnings Sam said It would get defended.
COR - careful.
DB - testing weekly TL.
DKS - Weekly Evening star reversal; not excited as a long. Gapped down daily into the 55-day MA. If it can hold 217 & then 221.50 it could fill the over-head gap ... but not seeing any reason it would even try to do that.
EWW - hitting support; don't see a bottom yet but it's trying.
EMLC - above 24.50 weekly needs to keep.
GEHC - "GE" spin-offs. Doing pretty well.
GOOGL - 5-weeks of nothing.
GTLB - 54.50 weekly PT met. Moving higher now on hourly. Continuation.
MSFT - big distribution.
META - really keeping it up.
MCK - wicked. be careful!
NVDA - rejected the rumor US. DOJ. Digested the 105 gap fill area. 110.10 PT ... need to get back above it to be back in play.
NIO - moving the last few days.
PYPL - yes. Doing fine. Great.
PODD - great job.
PLTR - one of the names considered for inclusion ...
PDD - lower PT in focus. 91 weekly level needs to break for a move into next lower PT at 85 area.
REGN - extended. It's due a rest. 1131.25 weekly is a good PT.
SMH - PT still the 200-day. 221.79 daily support needs to break .
TSLA - get / stay above 237.40 monthly to be trend long bullish again.
WBA - hedge fund hotel; they are just shorting & shorting & shorting.
WM - broke the daily TL. Now under the 55-day MA.
$X - large move lower into 26.50 area.
XLF - watching for a top.
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