Samantha’s Live Trading Room Summary
We are ALL bond traders now…
So, the timing of my client review yday morning AND client post Dec 12th was well timed: YIELDS ABOUT TO BREAK HIGHER? This is the update to TLT + ZN Bond Short, USDJPY long, VIX long... DXY too. WORKING!!!
Same with my Promises Promises client post- From Dec 9th - mocking the euphoria around the China stimulus buzz. Gaps-lower have been filled after the gaps-higher from that euphoria have fully faded. KWEB et al with commodities pulling back. WORKING
Also WORKING:
MAG7 MELT-UP continues, as expected with QQQ headed to my $548 PT
AVGO beat as expected. Waiting on SMH, NVDA to turn higher.
IWM roll-over continues as breadth destruction with net selling in NYSE has not finished going down/basing. Still short into $230 then let’s see.
CHASES: yday ARM pushed above trigger called out at 142/144 to 154. ADBE cont’d to fall from 485 into 468 PT at 200W. ORCL also reversed lower as expected back to 174.
SWINGS: yday updated BA long as it approaches 200D PT - it is there.
TRENDS: protect longs in CCJ, URA on weakness
Not working: GTLB as it busted the 10W on way back to breakout at 58.70.
Careful on FDX short as it has earnings 12/19 (Thursday AH).
Careful on TSLA long as it is 25%/~$100 extended from its mean / 10W.