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Samantha's RECORDED Live Trading Room - 5/16/24

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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

SPX 5200 PT held as support and we continued to push higher into 5300,5340, at 5340 we could see some digestion there
QQQ, we stayed > 449.34 ATH and pushing into 455
TLT still working into 93
VIX pushing down into 11.81 even 11
DXY having an intraday bounce, be prepared for some shake and bake
TNX pushing into 43.3
MMM swing long has nice push/hold over 101 can push into 105,108 with 112 very strong resistance - once above is trend long
AMD great continuation chase long from yday with 164.46 as PT now at strong daily resistance of 166.55
(SMCI was best chase yday into 927 PT with NVDA chase into 950 PT yday. Now both resting.)
Lots of new 13-F releases from Tepper, Burry and the like buying GOLD and CHINA PLAYS.
BABA strongly supported at 78 wkly support, tagging briefly yday post earnings and reversing into 86.82 today which is wkly resistance
SMCI pushed into 952 above 927, above 952 we have 999 after some digestion
COST pushing above 787 wkly wkly support on WMT earnings beat.
COST Trade of The Week last monday with JUN $800 calls now up $53 on underlying and options + 260%
AAPL 191 tagged, next is 193 above
NVDA stay above 950 for 964,970
PDD above 140 heading in time to 160
JD 35.5 tagged, in time can see 40 allow some digestion


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Michael's Trading Room Summary

MAY 16, 2024 AM

Sam will be out on Monday but the Trade room will still be open - the ladies are going to cover the live stream.

MAG7 - bullish

Weighted Dollar / Yields Ratio - Looking to tag 279... we are not there yet.

INTERMARKET

T2104 - volume "net buying" has been very strong

T2123 - "scoop" pattern back above the 10W - still bullish.

WTI CRUDE - back up towards 80.00. Could see 83 before a new short.

GOLD (futures) - rejected at 2400 daily; softer on the gold bounce. It's fine.

Nat Gas - continues to drive higher; still under 3.00$

Bit Coin - broke above 65k.

FX

Dollar (DXY) - little bounce intraday. popped up from 104. Weekly has a reversal formation (bearish) into a lower TL & we are there now. So we expect to bounce here into resistance & then we will see about rejecting there to fade lower ... or break above the higher TL.

USDJPY - paused. Same with JGB 10Y... paused.

BONDS

TLT - get above 93.28 weekly to cont higher. Still looks good.

TNX - gapped lower but becan to rise; we are now back inside yesterdays range. almost to the 200-day. It's still the 4.33% & we are not there yet.

10/2 spread - going into a deeper inversion...

INDEX

SPX - have an extended move that is tired. Has not reversed. 5340 still in play as a place of pause. SPX - 5340 likely gets tagged today or tomorrow.

QQQ - kept going; be careful after such a big move higher which was mostly due to Gamma. 445 was blown out & we have moved strongly higher. Needs to digest that now.

VIX - filling every gap on the down-side w/ a cont break under 12.70. Could fade into weekly lower bollinger at 11.00 once we break 11.80 weekly.

CHASE

AAPL 191 tagged, next is 193 above

BABA - 86 approaching, 88 next

DXY having an intraday bounce, be prepared for some shake and bake

JD - 35.5 tagged, in time can see 40 allow some digestion

MMM hold over 101 can push into 105,108. MMM 105 approaching next 108 eventually 112

NVDA stay above 950 for 964,970

PDD above 140 heading in time to 160

SMCI pushed into 952 above 927, above 952 we have 999 after some digestion

TNX pushing into 43.3

VIX pushing down into 11.81

HONORABLE MENTIONS

ARM - above the 55-day. Found support & is back above the 10-week. 126 / 127 is headwinds. Will feel NVDA earnings. grinding towards 127. Keep it above the 21-day... because of NVDA this is still just like a company that is about to report.

AAPL - at the PT; cheers

BIDU - digesting; reversing the prior gains.

BABA- digesting.

CVAC - Still a garbage stock but it's breakout. Could be related to the "bird flu" theme.

CADL - awesome breakout. Not surprised to see a pull back now.

CSCO - get above 50.00 first & then we'll see.

COST - close above 787 for a cont move higher.

GSK - has interest.

IDXX - another one on Bird Flu - they test for it.

JD - once above the 200MA your in good shape. Earnings were good. Still digesting above 31.00$. Careful.

KMI - breakout above 19.40 weekly.. . that looks great.

MMM - above 102.50... 108 first & then 112 weekly PT. 10/21 weekly cross. inverse H&S - great looking patterns & chart & setup.

NVDA - earnings next week. 955 overhead TL already hit this morning. Stay above 940 on this new breakout.

NNVC - the "bird flu" theme.

NVO - (and LLY) - supply is not stable.

ORCL - looks good still.

PDD - above 142.85 hourly.

PFE - has a bottoming candle & has crossed the 10/21 weekly... nice continuation which is coming up from the bottom. Hitting the 30-week. Seem productive into the 29.00$ or 30.00 area. if / when it gets above 30.00$ then THAT would be actions of interest.

RMD - abve 218 is critical.

SLV - it's fine. digesting

SMCI - hit PT perfectly. Holding. Digesting the 927 PT... it's fine.

SKY - stay above 307

UNH - 532 & then we'll see. Likely see all time highs.

URNM - looks fine. Like it.

VLO - still bearish; stay below 160 to cont the short.

WMT - earnings & above the breakout level.

WMB - very good. Like it above 38;

XLV - fine. Looks productive. Stay above 143 w/ PT into 148

XLU - fine. still like it long. 73.80 short term pt. Likely cont past that - but let's do one level at a time.

XLP - fine. has still not broke out into blue-sky... still like it long.

ALEX likes these:

BSX

ISRG

IDXX

TECH

TNDM

MMM


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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.