LAST DAY OF NO PAYWALL to Samantha's RECORDED Live Trading Room - 11/7/24
Flash Sale with discounted annual plan - $850/yr - in effect for ONLY 4 more hours!!
Your LIVE TRADING ROOM Special Offer
Substack does not allow a discount on the ANNUAL PRO PLAN (because it’s already discounted enough), but this is the plan where you get full access to not only my Market Thoughts but also to my daily live trading room recording!
And it is in my live trading room where I review market-moving news, macro-event risk, and trade setups from CHASE, SWING & TREND timeframes- across all asset classes! I also review my ‘secret sauce’ Intermarket Analysis and my unique view into unusual option flow on charts I’m already tracking closely.
CLUB/EDGE clients of LaDucTrading get to engage real-time with me and my live trading room moderators and all TEN of my contributors who are subject-matter experts and full-time professional traders. ASK US ANYTHING format.
Substack clients can receive a recording of my daily trading room by 2PM ET for less than the price of a coffee. Literally.
And for the LAST 4 HOURS ONLY, the price of the PRO/FOUNDERS plan has been dropped 10.5% to $850/annual!! It will pop up like a daisy at 6PM ET November 7th, Fed Day. So hurry and grab it now!!
Watch today’s LIVE TRADING ROOM recording:
Tip: fast forward a few minutes to skip to the start of the session
#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
NVDA - financed call spread PT of 148 hit. Taking half off into FOMC (+6700%), letting rest ride as it is DEC expiry after all.
MARA - with 30% short interest into EPS next week and $28K cost average for Bitcoin makes this a compelling continuation swing long.
Bonds should bounce here and yet… only 4 out of 5 of my conditions have met. I’m thinking a little here but more later when #5 triggers ;-)
IWM & IYT on close watch for trend breakouts higher. Discussed premarket at length. Lots of reasons to like them into YE.
XLV + XLP not so much. XLP swing short PT hit my $79.71 exactly as promised. Great pair trade short against small caps + transports long.
QCOM post earnings digestion, productive > 183 wkly close for a long.
LLY, NVO on monthly support but don’t look safe at all.
SMH working nicely higher into 272.46 PT!
SPX soon hitting my 2024 $6010 PT where I expect chop.
TSLA bull risk reversal from earnings went from #2 to $20 then $40 yday… I’m calling it: $300 with tag of 307 overshoot then pullback.
BKR - new name I will investigate; breaking out into new ATH
CEIX, ARCH, BTU - some more Trump Trades that had clear darkpool accumulation of SIZE all during Oct - and not one month before. They knew.
FXI - great LRE (low risk entry) for a call spread into China announcing stimulus Friday post Trump win. More in market thoughts as SSEC has actually climbed “The Wall” and can now look over. Only a matter of time before US Chinese ADRs do the same. ADD TIME.
Rithika's Chase Summary
TNX digesting off 44.4 into 43
QQQ 511 tag next is 513, 515; above 503 big picture bullish
DXY starting to ease off 105 resistance
IWM needs above 230 to push into 240, 245
Transportation index breakout could be a broad market expansion indicator for a post trump win rally
VIX continuing to break down into 15
BXM still pumping higher
SPX 6010 could get some selling
TSLA 293 approaching then 300, above that 306 then digest
AMZN 212.6, 215 next above 209
MRVL 85 tag 92 approaching
PLTR softening into 51.47
LLY 770 approaching then 750, 720
NVDA 147 tag next is 150
META pushing into 590
AAPL above 225.4 next is 228,230
KMB coming into 130
XLP coming into the 50 week at 78
UBER above 76 pushes into 78
ARCH pushing into 170, 175
MARA needs above 19 for 20, 22
Michael's Trading Room Summary
NOV 7, 2024 AM
COAL, BIT COIN, SMALL CAPS, TRANSPORTS - all trump trades or benefitting from Trump election... but extended.
Election Results - a clear red sweep; could see a real change in policies.
MAG7 - large gap up & run yesterday; closed well. This morning it is attempting to breakout of yesterdays candle in premarket trading; continues to look bullish. headed to 131.65 (D). Should push NASDAQ into the 100% bubble territory. Still working - still bullish.
Weighted Dollar / Yields Ratio -
IWF:IWD - climbed back above 2.0 yesterday
INTERMARKET
T2100 - get above (W) keltner channel; bullish.
T2104 - Bullish; morning star reversal (D) - modest reversion to the mean completely unwound.
T2123 - back to SEPT highs - bullish (W) engulfing. extended.
WTI CRUDE - Still under 72(D); wide range holding.
GOLD (futures) - back above 2650 (D). The significant fall of yesterday calls into question the slight move higher this morning. Having a bounce with the DXY falling ... 2600 would not surprise by EOY.
Nat Gas - still sideways
Bit Coin - climbed above 75k before stopping its ripper of a run. Faded a bit overnight - now back under 75k but still holding in that area.
FX
Dollar (DXY) - fell back after hitting 105.50 - testing 104.50 this morning (which is just under the mid-point of yesterdays move).
USDJPY - almost hit 155; came up short & has faded back under 154 to 153.50 area in premarket trading.
BONDS
TLT - gapped up premarket - broke above yesterdays high (but still under 91.00(D). Now that we are through QRA and elections - just need to get through FOMC now.
TNX - 4.47% - a really big number but getting soft back to Sam's 4.37% number.
ZN (10Y) - needs to fill the gap & tag to get a solid bond bounce.
10/2 spread - still within the 0.18% area (D); pointing higher but not going there (yet).
INDEX
SPX - Expect selling at 6010
SPY - VC funds are expected to buy 50B$ of funds into next month. (and 110B$ through Jan).
IWM - still moving higher; favorable red sweep situation could benefit this space. (W) has been a sloppy "scoop" pattern; 227(W) breakout started this week. Finally. 244.50(W) resistance. Santa is on the way. Seasonality is another thing. Broadening out marketplace (same as last time we had a Trump Government). Needs to keep 227(W). Likely digests at 236(D) area. Coming back to 227(W) would not surprise - but it needs to hold. Today - 236 is likely a good place to pause.
QQQ - advance is strong. Could see 505 then 555. Holding above 503 is just bullish.
VIX - down to 200(D); but still breaking down.
SVXY - nothing bearish here; hot.
BXM - HOT. nothing bearish here
CHASE
AAPL above 225.4 next is 228,230
AMZN 212.6 next above 209
DXY starting to ease off 105 resistance
IWM needs above 230 to push into 240, 245
GLD bounce into 250 but can see risk to 244 so protect and be careful
IYT - transportation index breakout could be a broad market expansion indicator for a post trump win rally
KMB coming into 130
LLY 770 approaching then 750, 720
META pushing into 590
NVDA 147 tag next is 150
PLTR softening into 51.47
QQQ now pushing into 510.
SMH still pushing into 272
SPX 6010 could get some selling
TNX softening back to 4.37
TSLA 293 approaching then 300
UBER above 76 pushes into 78
VIX continuing to break down into 15
XLP coming into the 50 week at 78
XLV - not excited about it.
HONORABLE MENTIONS
APP - last in - first out. parabolic. Stunning.
AAPL - going higher. Hard to be bearish in the face of such bullish signals. Above 225 is where it gets moving.
AMZN - big move yesterday; weekly breakout above 200(W) is a chase long into blue skys.
BKR - weekly breakout above 39.78 (W) support. Stay above 40.00$.
COST - still doing heavy lifting.
CPNG - 27 area.
CLS - breakout (W).
CRH - breakout (W).
ELF - gapped on earnings.
ENPH - solar likely gets bullied by yields.
GDX - on a trend (W) basis it's still a long. Still expect shake n bake in the short term.
GLD - Press short under 244.26(W). Could bounce on 245 & climb up into 250
GOOGL - tagged 179 (W) resistance - needs to get through that & above it. Keltner Channel (W).
KWEB - pullback to 10W - but holding there. Likely will see stimi now that Trump won. As early as tomorrow we could see an announcement from China on that Stimi.
LLY - Think NVO for an example of this charts future. RFK could do some damage to NVO and LLY. Think it could break down under the 50(W) ma.
MSFT - hanging out on the 50(W).
META - 577.50(W) support. Weekly KELT is the threat (resistance) - so above that would be bullish.
MRVL 85 tag 92 approaching
NOW breakout (W).
PLTR - likely sideways while holding above 47
IYT - 71(W) breakout. Needs to stay above it.
QCOM - in a chop zone. Clear 182(D) - or the 21(W) moving average.
SMH - long still working. Still in Trend (W). Still see the long call working.(272 PT)
TSLA - 271 (W) breakout continues. 300 (W) PT on the table.
TWLO - just awesome. Well supported.
XRT - trying to breakout.
WMT - trump tariffs could be a threat here (china tariffs).
The distribution threat from RFK -
KVUE - could see a topping play under RFK cleaning house
CPB - could see a topping play under RFK cleaning house
LLY - Think NVO for an example of this charts future. RFK could do some damage to NVO and LLY
NVO - Trend Stock - but be careful. another one that could see distribution under RFK.
GIS - another one that could see distribution under RFK.
PEP - could see a topping play under RFK cleaning house
POST - could see a topping play under RFK cleaning house
UL - could see a topping play under RFK cleaning house
PPC - could see a topping play under RFK cleaning house
TSN - could be seen as a threat of distribution due to RFK cleaning house.
XLP - 79.71 (D) has tagged. Still have 200MA on the table. Expecting more distribution.
- Booze Drinks -
STZ - not the focus (it's the food play - not the booze play)
BUD - not the focus (it's the food play - not the booze play).
COAL - "trump trade"
BTU - is trying.
CEIX - took a while. Yesterday - DEC 600K$ on 135 calls.
Crude -
VLO - potential bounce back into the 200MA.
PBF - activist involvement. Has a reason.
BKR -
HAL - challenged. Has a lot of work to do - to get back to the 200-day MA.
SLB - needs to come back off the bottom - stay above 39.90(W). Needs to get above 44.35(W).
Metals & mining -
ARCH - Like it above the 200-day MA. Spiky.
Before you leave!
Please remember I have a great team you are helping to support.
If you enjoyed this analysis, let us know!
Hit Like!
Share with friends and colleagues!