Samantha's RECORDED Live Trading Room - 12/17/24

With #LTR Notes - by Samantha, Rithika and Mikey

Samantha’s Live Trading Room Summary

Growth over Value still in play, but for NYFANG, QTUM & BITCOIN only. And VXN with VIX past few days. Value still not safe. Today’s victim: REM (REITs) - with XLF, KRE + KIE (remember my warning earlier this month that insurers were rolling over?) Do they all smell the yield spike now?

I showed not only the continued breadth breakdown and net selling under the surface but also warned that ‘crashes occur from oversold not overbought’ territory. And my repeated mantra: in lieu of sector rotation there will be volatility.

I showed my VX3:VIX ratio warning that it would likely push below 1.20 ratio and pull market lower. It did.

I showed my US-JP yield differential as bearish and how it would influence stocks. It reversed lower Dec 4th and now QQQ with SPX are looking as a catch down trade.

DIA en route short to 433.20 ~100D with 422.62 overshoot if we see that 55D break, and IWM at my 230 PT with 55D just below at 230.30 looking unlikely to hold so 224.23.