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Samantha's RECORDED Live Trading Room - 4/30/24

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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

Market waiting on Yellen and Powell as we stay sideways
USDJPY still bullish above 157
SPX 5111 plus is a must for positive gamma, lower we have 5080,5060
QQQ, if amzn or aapl disappoints we gapfill to 425 needs above 433.7 for 445 waiting on news
Bitcoin is a continued rollover candidate , GBTC push down to 51
GLD below 213 next is 210,206
WTIC short still in play to 79.11
SLV to 23.90 daily gap fill still in play with GLD short.
SMCI pushing towards 927 target
SNAP above 14.47 pushed into 15.3 next is 15.8
AAPL above 174.42 we can push to 175.67,177 stop: 173.76
LLY above 790 can push to 801
MMM above 96 can push to 100
PYPL 71 tagged now needs to digest to push to 73,76
CCJ below 46.9 we have it coming down to 44.81, 41.5 (edited)
MSFT breaks 398.67 it can see 390
TSLA above 190 back to 199,202.80

BONUS ADD FROM SAM
CORRECTION:
LLY - digestion sideways; bullish above 801 on wkly close BUT more likely profit taking into the 55D near 740.
TSLA - I said TSLA RESISTANCE 198.60 so fading back to 186. Below 186 is 180, 174, 169. I am not bullish TSLA until it can get/stay above 198.60 and that will be tough!!
MSFT - highest probability short to 400 yday + today break of 398.67 will see 397, 394, 390.68
SPY - in a channel: above 510.56 on hrly is bullish; below 506.50 is bearish.
QQQ - in a channel: above 433.71 on  hrly is bullish; below 429 is bearish.


Share Macro-to-Micro by Samantha LaDuc

Michael's Trading Room Summary

APR 30, 2024 AM

MAG7 - Still above the 10, 20, & 50-day MA's but off the YTD highs. Closed down yesterday & has gapped lower this morning while holding inside yesterdays range.

Weighted Dollar / Yields Ratio - Weighted Dollar / Yields Ratio - 100 - 310; still in a channel. Sam still see's 350 this year.

IWF:IWD - Closed lower than Fridays low; Still above 1.88 but far off the YTD highs.

INTERMARKET

T2104 - bullish explosion yesterday on the hourly; pausing today at the keltner channel.

WTI CRUDE - Channel on daily; still holding 81 - 84.50. Sam said yesterday - "Short the Rip into 79.11 daily."

GOLD (futures) - faded into 2300; this is daily support.

Nat Gas - closed high; opened gapped up but has faded a bit. Still above yesterdays close - still above 2.00$ daily as well.

Bit Coin - testing 61k; big bearish bar on daily. Broke 62k soundly. 60k still daily support to watch. Proxies are also down; RIOT, MARA, COIN, HUT, HIVE, MSTR)

FX

Dollar (DXY) - testing 106 daily; rising but stuck in a range on daily. if we get through 106 we still have 106.50. Firm.

USDJPY - Still above 157 daily. BOJ10Y faded strongly & is now back under 0.90%. still bullish. They have another intervention tonight.

BONDS

TLT - gapped lower & resting at yesterdays lows. Getting a little weaker. Overshot 88.50 weekly. Could easily come back above 89.50 (not today).

TNX - hit 4.672 and paused; At a key level (4.688) but not above it. Still looks bullish.

ZN (10Y) - still looking for lower PT's

ZT (2Y) - still looking for lower PT's

INDEX

SPX - anything above 5111 offers 5129... otherwise break 5100 & we fade into 5080 & then into 5056.

SPY - soggy;

QQQ - 445 in time; but hitting resistance at 433.76 hourly. If we get above 433.71 hourly we are heading higher (into 435). Breaking 428.89 offers 425.32 hourly. If AMZN fails we go there.

VIX - 14.85 bounce; not convincing.

SVXY - closed firmly above the 10-week. still a bullish bounce off the 100-day MA.

BXM - 3 green days in a row.

CHASE

AAPL above 174.42 we can push to 175.67,177 stop: 173.76

AMZN - if amzn or aapl disappoints we gapfill to 425 needs above 433.7 for 445 waiting on news

BTCUSD sam thinks is rolling over

CCJ below 46.9 we have it coming down to 44.81, 41.5

GLD 206 short PT

LLY above 790 can push to 801

MSFT - breaks 398.67 it can see 390

MMM above 96 can push to 100

NVDA pushing to 887, needs above for 927

PYPL 71 tagged now needs to digest to push to 73,76

$QQQ in time 445, needs above 433.76

SNAP above 14.47 pushed into 15.3 next is 15.8

SMCI pushing towards 927 target

SPX 5111 plus is a must for positive gamma, lower we have 5080,5060

$TSLA 186 is the pivot. TSLA above 190 back to 199,202.80

TREND

LLY - earnings; wonderful beat. Tagged 800 on the hourly chart. Consider that level as resistance; if that resist holds then 755 & below that 672. 771 to 801 chop range.

HONORABLE MENTIONS

URANIUM, COPPER, SILVER & GOLD getting push-back.

AMZN - earnings tonight. If this beats & gets back above $188 then it's set for a bullish play higher. 215 & 230 options were seen coming in lately.

ASML - anything below 888 is going to fall.

AAPL - gapped higher this morning on hourly. 173.76 is the level to stay above in a chase today.

BTIO - making LH, LH, LH & dumping.

AMD - earnings tonight. Expected to beat.

CLX - does not look ready yet. Get above 150.00$.

CCJ - weak into 44.81 weekly & then 41.57 weekly (or the 200-day MA). Needs to break that 55-day for a cont short. Still has a lot of options buying.

COIN - looks great as a short.

DG - ewwwww. Still above the 200-day but it's down-slopping.

FLS - boring but awesome. Looks great.

GDX - still above the 10-week.

GBTC - rolling below the 55-day MA. Looking good for a cont fade lower. (MSTR - COIN - HOOD - ETHE - BITO - MARA)

GE - has only gone up.

GEHC - rejection at 87.83.

GOOGL - came back to the 3-day & is digesting.

GLD - short PT 206.05. It's headed there. (short term short set-up). Likely comes into support & then gets bid up again.

HSBC - thin options. Above 42.50 for what that's worth.

HOOD - breaking the 55-day MA would be a great short.

INTC - very over-sold. Under all the daily MA's (200, 55, 20, 10, 3). Monthly w/ a very large breakdown. 31.34 monthly pivot; could base here. Still no signal to suggest it is done falling.

KO - earnings. 62.90 weekly has to get taken out for a move higher. Looks good.

KEWB - hold above 27.50 weekly. Still good. Took a lot of work to get here. Expect a fade.

MARA - hugging the 200-day; ewwwww.

MCD - having some hardships; Still under the 200-day MA. Was defended.

MSTR - 1080 daily support & short PT. earnings beat was obvious. Cheers. B

MU - w/ AMD earnings on deck it's advised to approach w/ caution. 113.50 weekly support holding.

MMM - really great consolidation on weekly; 92.52 weekly resistance held well... but now in premarket we are hitting 100 & seeing some consolidation. MMM - Get above 101 for a play into 109 area. Looks good to above 96 to 100;

MSFT - 390 PT if we break 398.67. Key level of support.

NVDA - get above 887.78 for a run higher; otherwise if we reject there we have 830 short PT.

ON -bouncing off the 200-week; doing really well.

PYPL - earnings; did a great job getting above resistance. Still more bullish than bearish. If support holds then we could see 76.50 & 82 in time. The long still looks good. Needs to hold above 68 weekly. Like it above 69.20 daily. Looks like the better horse.

ROKU - 56.77 weekly support. Has an upgrade. 60.75 daily MA resistance. Breakout above 61.34 for a long play.

RITM - boring but working; 11.48 weekly resistance and current PT.

SBUX - earnings tonight.

SMCI - PT 927 daily.

STX - has some distribution. Under the 55-day MA.

SLV - likely hit the 55-day MA & then it's a great buy again. 23.90 current short PT.

TSLA - pulling back at a key area. Still under the down-slopping 200day MA. Back above the 55-day MA. 198 weekly was hit & we've calmed down.

WDC - Looks good weekly; broke out. Above the 200-day & 55-day. Options flows are bullish. Has a pretty trend. Peer is $STX. Get above 78 weekly.

XLE - needs to digest the sellers to be "trend reversal" worthy.


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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.