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Samantha's RECORDED Live Trading Room - 5/6/24

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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

Sam thinks market likely has a quiet week, We gapped up and sitting above support
$QQQ must stay above 436.48 if it wants to push to 440,445 below we have 433
SPX sitting on 5150 needs above 5168 for 5208
if SMH stay above 221.70 then we have lot of room higher above trendline
TNX pushing down to 43.33
DXY/US10Y ratio below 300 is a good for market bounce
NVDA above 895 next is 920,936 keep it above 888
LI needs to get above 30.20 if it wants to continue
NIO 6.05 approaching next is 6.30,6.98 after some digestion
AMZN above 186.43 next is 188.8,189.3 eventually in time 208
DIS holds above 115 it continues to 118,120
$AAPL above 183.86 next is 186.56 stay above 182
CVNA continues to push to 132.5,133
UBER beats it would be a gorgeous trade into 80
NFLX above 580 pushing into 610 gapfill


Share Macro-to-Micro by Samantha LaDuc

Michael's Trading Room Summary

MAY 6, 2024 AM

MAG7 - bullish; it's above the blue line on the weekly & it's pushing higher.

Weighted Dollar / Yields Ratio - market bounce likely holds if this stays under 300.

IWF:IWD - could tag the overhead TL but have not hit it yet.

INTERMARKET

T2100 - Bullish.

T2104 - net buying since Wed of last week; still buying.

T2123 - Breadth is bullish but still digesting sideways.

T2126 - Bullish.

WTI CRUDE - up - a minor bit. Posturing in news - but was due a bit of a bounce anyway. Baby Bounce. Still have a H&S pattern. 79.11 resistance likely tags before rolling over.

GOLD (futures) - big bounce. Don't think it's done.

Nat Gas - 3rd day green & pressing higher.

FX

Dollar (DXY) - rolling over; equities are still supported by this fading dollar. Not a surprise to see a bounce in equities & gold / silver but they were due a bounce anyway. FBFF - & rolled. Dumped.

USDJPY - Below 155; three days of selling has paused this morning. Likely we go sideways for weeks... but if we break 152 then yields are going to fall even more (adds to the warm housing summer).

USDCNH - reversal;

BONDS

TLT - up this morning

TNX - warm summer housing call fits better with yields fading & not getting above the key 4.688 level. Could see 4.33 in a fade lower.

ZN (10Y) - could cont to rise into the channel. Bond Bulls defended here... but to how far?

ZT (2Y) - could cont to rise into the channel. Bond Bulls defended here... but to how far?

10-2 spread - kinda lazy down below. higher = dovish fed & lower = hawkish.

INDEX

SPX - still moving higher. Have room for 5080 again; but WHEN will that gap get filled?

SPY - still moving higher.

QQQ - snaking it's way up & into 445.47 PT hourly gap fill. Breaking $433.76 support offers a short back down into lower gaps. Stay above 436.48 weekly.

VIX - 13.38 weekly provided a little bounce.

BXM - green; has not rolled over.

SVXY - firmly green & has broken out. Would be bearish below 57.

CHASE

DIS holds above 115 it continues to 118,120

QQQ pushing into 440.58, 445 above 433. $QQQ must stay above 436.48 if it wants to push to 440, 445 below we have 433

NVDA above 895 next is 920, 936 keep it above 888

BABA pushing 82.56, 84

AMZN above 186.43 next is 188.8, 189.3 eventually in time 208

SMH if we stay above 221.70 then we have lot of room higher above trendline

$AAPL above 183.86 next is 186.56 stay above 182

LI needs to get above 30.20 if it wants to continue

NIO 6.05 approaching next is 6.30, 6.98 after some digestion

TSLA sticks above 186.93 it can see 189, 193

UBER beats it would be a gorgeous trade into 80

HONORABLE MENTIONS

AAPL - 188 / 189 PT's

AVAV - great looking weekly chart; it looks wonderful.

ANF - break 129 for a cont short lower.

AMZN - still bullish but 189.77 weekly resistance has to get taken out. above that 190 level we could see 208 weekly.

BABA - above the 55 & 200-day MA. Looks a little over chased.

BKNG - didn't trigger; it's done.

CELH - back above the 55-day MA. 80 weekly resistance needs to break. 69 / 79 is the channel. Earnings tomorrow. Likely beats but what will it offer...?

COST - trade of the week - will be posted later today. Get above 752.50 weekly breakout level. That triggers a long play weekly. Stay above 55-day MA daily).

CPNG - 23.36 weekly resistance holding. Testing daily breakout. (Amazon for South Korea)

COIN - post earnings pop. breakout above 245 for bullish trigger

CVNA - Still have 132.50 weekly long PT. Very big move. Massive daily gap.

CORN - looks higher.

CADL - great "scoop" pattern. great trade.

CRWD - up some. Keep above 307.50 weekly

DBA - fell w/ silver... strange. broke everything. Massive dump under the 55-day. Broken & way over sold.

DB - bearish formation.

DIS - long above 115 area.

FXI - above the 200 & 55-day MA's. This has made some great moves; but getting in now is getting in late to the party

GLD - more bullish miners than the underlying. Still a great long - but 206 gap fill likely gets hit first before it really gets accumulated.

GDX - like it long. Still fine.

GDDY - unrelenting climb. Not a short yet.

GBTC - above the 55-day MA.

GE - getting call buying. (GEV too).

GS - very bullish chart.

IIPR - holding up.

LLY - has not fallen apart.

LI - up more than 6%... the EV china players really got hit. Morning Star reversal weekly. Has to get above 30$ to keep it. Great looking chart.

KO - above 62.90 could be very productive.

KWEB - still like china long (the china ADR's: BABA, BIDU, JD, PDD, and the EV's). fading a bit in the RTH is just what it does; this is normal.

MU - right into resistance. 121~ish resistance daily.

MNST - not excited. below 54 ... is a short & above 55 maybe offers 56 but don't like it.

MARA - popping up a little - getting added to S&P-600.

NIO - Above the 55-day again. The bottom is in; has work to do. Bullish Engulfing weekly. Digest 5.86 & 5.35 ... like this.

NVDA - stay above 888 if long; breaking that we short run it into 864.61

NVO - has not fallen apart.

OSCR - great looking weekly chart; it looks wonderful.

PLTR - was there news?

PYPL - needs to get above resistance.

QCOM - still like it

RKT - still like this.

RACE - thin. holding outside the weekly Kelts. Not popular as a play; low volumes.

SANA - bullish. the options are not good - but the stocks look good above 9.55

SLV - minor bounce. still like this space long. did not gap 23.90. If you are still long then why not hold... but expect some weakness still before this moves higher. Still expect hitting the 55-day MA. Safer long above 25

TECK - needs to breakout on the weekly.

TSLA - maybe there was some news to pop this at the open..?

UBER - 73 weekly resistance; 80.00 calls showing up in the flows. Earnings in 2 days. Looks bullish; never broke the monthly. Has a little look of bullish. buying $72.50 calls & selling 80 calls

WEAT - get above 6.00$

WDC - get above 74 for a cont higher.

XPEV - productive.

XLE - 55-day MA bounce.

VKTX - digesting.


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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.