Samantha's RECORDED Live Trading Room - 1/8/25
With #LTR Notes - by Samantha, Rithika and Mikey
Samantha’s Live Trading Room Summary - 1/8/25
Monday morning’s client post - MARKETS IN REPAIR - clearly still applies.
I reviewed my 5 intermarket/intraday tells live that still make me not trust this market - esp cumulative flows.
Chase Updates:
I gave chase PTs lower for key trades that worked/working:
QQQ: 510.76
SPX: 5878.46
PLTR: 66
NVDA: 138.88
SMH: 250
Almost/Not Done:
IWM: 215
AAPL: 237/8
Quantum plays got hit afterhours last night on Jensen comments, but at open I said “NOT DONE” so they were very productive continuation shorts as mean-reversion trades into their respective 10W or targeted PTs. Now they leave ginormous weekly bearish engulfing candles which mean: the trend is broken and will be in repair or continued liquidation for weeks.
QTUM the ETF has only made it down to its 21D because it doesn’t have the same components as the highly-speculative and hype-traded quantum names: QUBT, IONQ, QMCO, LAES, etc - which I warned were parabolas which is the definition of trapped longs that trigger volatility and liquidation events. Today shows that.
Swing Updates:
EBAY - After rec’d this earlier last yr as SWING LONG with PYPL, SQ, I warned late Sept that 67.80 would now need to digest before getting/staying above in order to push higher into 80s - with 92 PT. It literally digested 3 months until today, when META announced EBAY will be linked with their marketplace!! It exploded to $72. That’s great, but, it still needs to retest 67.80 and could overshoot to 65 where it now needs to close above to stay in trend. But then it should move higher next few months ;-)
MBLY - After rec’d taking off at $22, it dumped to 16.78 in 2 days. That’s the power of wkly resistance! Needs to get back/stay above $22 to enter bullish.
AR, EQT - continue to push higher as nat gas swing long plays.
MDT - new chase/swing long idea as long as 80.31 holds - meaning, it will hit resistance at 83.64. The BETTER TRIGGER LONG is when it can get/stay > 85; then it can be a contender!!
Macro Updates:
Macro trades are discussed in market-thoughts - all about dollar and yields. Don’t miss it and don’t be complacent. VIX got rejected at 19.29… AGAIN… which is the reason for the intraday bounce, BUT this market is not safe yet, under the surface.
REMINDER: Hans and I have our MACRO-TO-MICRO OPTIONS POWER HOUR 4-5 TODAY!!
REMINDER: Non Farm Payrolls FRIDAY morning and MARKET IS CLOSED THURSDAY!!