Playback speed
×
Share post
Share post at current time
0:00
/
0:00

Samantha's RECORDED Live Trading Room - 4/29/24

Your LIVE TRADING ROOM options:

1. For LIVE real-time & custom engagement: Join our CLUB membership for $350. Includes Samantha’s Swing/Trend portfolios/alerts & all macro-to-micro contributors/trades & all posted analysis/education/Tradytics option flow!!

2. For VIEW-ONLY real-time: Join our COMMUNITY membership for $125. Includes live stage moderators & Samantha's intraday/multi-day Chases & market thoughts!

3. For RECORDING & summary notes: (soon) Join PRO in Substack for $95. Includes the full recording of Samantha's live trading room each daily with summary notes.

FREE FOR NOW

#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 gamma positive above 5111. I still see higher before we reverse: SPX 5198
SPY 518
QQQ 445
LOTS of chop in the meantime. VIX filled gap at 14.75 and bounced, but market internals opening green likely not going to remain down for long
TNX softening against resistance is helping the markets get bid
IWM is pushing into 200, with low yields
Advance decline opening with a bullish harami with follow through
MAG7 holding its supportBABA has to base over 76 for 81
NEE above 67.5 next is 69.89
BIDU hit 102 PT and overshot to 106, now needs above 106 for 110, below 104 we have 100
META below 433 can test 422
TSLA needs to digest over 186.7 for 193,199
ANF above 122.25 next is 129
PYPL pushing into 68,71,73
SMCI pushing to 927

BONUS ADD FROM SAM
My highest conviction short this morning was MSFT to $400. It hit.
IF-THEN Trigger Short Chase:
AMZN 180 to 174 + NVVDA to 830.TSLA line-in-sand: 186: bullish above, bearish below.
Earnings Bets:
PYPL - bullish
LLY - beats but sells off
GOLD - bullish


Share Macro-to-Micro by Samantha LaDuc

Michael's Trading Room Summary

APR 29, 2024 AM

FOMC Wed & Sam will have the Room open from 2PM to 3PM on that day.

MAG7 - Thursday gapped very low but ran back to cover more than half the gap down... Friday continued that recovery and gapped higher again - but then it stalled; gapped up again this morning but still inside Friday's range.

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

IWF:IWD - Thursday gapped very low but ran back to cover half the gap down... Friday continued that recovery and gapped higher again - but then it stalled; this morning we are holding that level @ 1.90 daily. At resistance; looking for a signal of rejection or break-through. If this breaks & turns lower it is bearish the QQQ's.

INTERMARKET

T2100 - bullish harami & follow-through.

T2104 - green; bullish.

T2123 - green slightly

T2126 - bullish harami

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

GOLD (futures) - tight daily range; 2300 - 2350 channel.

Nat Gas - chopping sideways; still above 2.00$ daily.

Bit Coin - 4 days down; still holding above 60k.

FX

Dollar (DXY) - tight range daily; 104.50 - 106.50 channel. Bull Flag. Waiting to see if we get a true reversal or not (if the bull flag follows through or breaks & price falls out).

USDJPY - whispers of intervention; spiked above 160.00$ daily. Large outside bar daily. Lot's of data tonight out of BOJ. We should get data on the intervention within a few days. Likely pushes back up. A falling Yen is beneficial.

EURJPY - Large outside bar daily. Spiked above 171; back below 168 daily.

BONDS

TLT - Gapped down Thursday but recovered some of that gap down to close near HOD thursday; Friday gapped higher but stalled into a doji. Gapped higher again this morning completely outside of Fridays price. Still under 90.00$ daily.

TNX - after hitting 4.737 Thursday this faded Friday & has gapped lower this morning. Still above 4.6%. Can still see 5.3 & 6.5% in time. Such a big threat. 4.688 monthly resistance is also a Bollinger Band & a quarterly level. Above that offers 4.5 and higher. Could fade into even 4.3% but would still be bullish yields.

ZN (10Y) - Still under 108 but very close. Still just short the rip.

ZT (2Y) - still holding the lows; above 101'12 this morning. Still just short the rip.

INDEX

NYSE - Still under pressure to provide an equal high or HH on the weekly.

SPX - Still under pressure to provide an equal high or HH on the weekly. Break 5111 for a move lower; looking at PT's that include 5198 PT. 5080 (key level) then 5057.75 daily gap fill. If Yellen does come in w/ liquidity then this could hit 5198 PT.

SPY - Still under pressure to provide an equal high or HH on the weekly. 515 PT. 518 above that. The SPY MAY 10 Calls that Sam spotted are still open; most have not been taken off (was 9 million $$ worth).

IWM - Still under pressure to provide an equal high or HH on the weekly. Still considering a bearish posture in the markets untill small caps showing a bullish market.

QQQ - Still under pressure to provide an equal high or HH on the weekly. 445 PT. Hit 433.76 resistance & is fading.

VIX - Closed under 16.00$ last week; still holding above 15.00$ daily.

SVXY - Still under pressure to provide an equal high or HH on the weekly.

CHASE

ANF above 122.25 next is 129

BIDU hit PT needs above 106 for 110 now. bidu below 104 we have gap fill to 100

META below 433 can test 422

NEE above 67.5 next is 69.89

PYPL PUSHING TO 68, 71, 76

TSLA needs to digest over 186.7 for 193,199

QQQ tagged 433.76, and fading against resistance, needs above to be bullish

TREND

CCJ - holding. Earnings tomorrow ... still holding even with earnings. 56PT if earnings are good.

FAST - a trend long. minor bounce off the weekly MA.

HONORABLE MENTIONS

AMZN - 176 to 174 short chase PT. Gapped up into the KELT weekly. Think this drops to close the gap. Break 180 for a PT of 176, 174/173.

AZN - extended.

AMD - 152.40 weekly is important. Bullish above - bearish below. Earnings tomorrow; they are trying but ... no edge on earnings.

ALB - over-sold. Still under the -down slopping 200-day MA. Popped above the 55-day MA and faded back to rest on it.

ARM - getting tapped back down.

ALXO - looks great;

ANVS - halted from news. thin.

AVDL - looks good. above 16.85.

ANF - bouncing into resistance (129 daily) & expecting it to reject there.

AAPL - nice continuation into the 10-week; gap to fill at 171.34. Resistance at 176 weekly.

BIDU - news w/ TSLA using BIDU data in their self-driver systems in China. Hitting 106; but china still in play. Has a lot of resistance.

BABA - awesome. 68 monthly is the level to stay above. hitting the 30-week so expect digesting.

BSX - fave. Killing it.

BIIB - getting back above 216 weekly; hitting 218; that is productive but it needs to stay above.

$C - still expects the fed to cut in July.

COIN - earnings on deck. Would expect they beat & then sell off after.

DPZ - above monthly 508.20. Only a short under 508.

DB - in trouble.

DKNG - needs more time. Above the 55-day. Not bad.

EBAY - has been rocking it; trying to breakout. Running into earnings (05.01.24).

FXY - that intervention was pathetic. a joke.

FCX - doing great.

HSY - Rejected that 50MA & has not managed to do anything else.

GOLD - popping; has earning on the 1st of May. Get back above 17.82 daily.

GES - FBFF weekly; looks like it has bearish levels it wants to hit.

GPS - FBFF weekly; under the 55-day MA. (XRT gives us the suggestion of weakness).

GLD - still bullish big picture; still in play.

GOOGL - WOW; 169 hourly support. Broke the 172 daily support. Short for chases.

GOLD - above the 200-day; should be ok. still in play.

GNRC - get & stay above 141.50 weekly.

GEHC - looks great. no surprise if this beats.

LLY - short; under the 55-day MA.

MSFT - 399.89 short chase PT.

META - break 433 for a short into 422.

MCD - blah. Under the 55-day MA & the fading 200day MA. Earnings tomorrow... looks broken. Above 286 daily could make it interesting but otherwise ... no.

MMM - This is productive; the 10/21 on the monthly has to cross up. Earning tomorrow. 92.50 weekly resistance.

MPC - (VLO, PBF) all pulled back after great breakout. Great bullish charts still... but careful of MPC earnings (could hit the group)

MDWD - going great; broke above the 200-week; looks great. 18.86 weekly resistance... needs to turn that into support.

NEE - like it.

NUE - on the 50-week or the 200-day ... think Uranium is fine.

NVDA - left a gap below at 830 daily. Breaking 861 for a paly into 830.

PANW - moving higher.

PYPL - like this long; posted under swing channel in Slack.

QCOM - 05.01.24 earnings. ... bounced & back above the 55-day MA. An AAPL chip provider.

RNA - still doing really well.

SLV - still bullish big picture; still in play.

SHAK - looks good.

SAVA - got nothing; Ask Alex. Nothing here. Get above 26.00$ & keep it.

SMCI - bullish above 920.50 weekly. Back above the 55-day MA. above 886 hourly we have 927 long chase (careful of earnings)

TSLA - crushing it. Up 14% this morning in a gap up. Bullish engulfing weekly; hit monthly 167.50 resistance & closed above it. Hitting 193 hourly this morning. Above the 55-day MA & 100-day MA. Pushed through daily Bollinger Bands. Hitting weekly 30-MA. PT is 200.00$ weekly is resistance (it's also the 200-week MA resistance). Stay above 186 hourly.

Break 186 for a short & in that short play we could use 190.62 as a stop.

TWLO - stay above 61.50 weekly - better long above 63.38 daily. Should do better in election cycles.

URNM - digesting.

XLU - like it. still in play.

XLV - holding above the 50-week but is under the 55-day MA.

VKTX - taking market share from NVO and LLY; Still bullish. Holding above the 55-day MA. Nice follow-through after earnings. Above 77 daily offers 88. (if 80 then 100).


Before you leave!

Please remember I have a great team you are helping to support.
If you enjoyed this analysis, let us know!

0 Comments
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.