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Samantha's RECORDED Live Trading Room - 4/26/24

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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

Markets are heading higher on earnings, QQQ likely heads into 445 and SPX into 5198 in time
China ADR’s, miners, utilities sam likes all these sectors rotations
VIX is pushing down into 14.85
DXY is starting to firm up, while yields are weakening 
Breadth bullish intraday but not on a swing basis
Cumulative volume starting to perk up
USDJPY above 156 is heavy risk for the market, make hay while the sun shines
Bitcoin looks like a rollover
NVDA above 840 pushed into 868 next is 888, 891
AVGO above 1340 next is 1370
MSFT not falling apart testing support at 407, above offers 412, 414 again
PDD likely hits its head at 128
BABA now needs to stick its landing to push 81
JD hit target now needs to hold above 30 for 31, 33
WDAY when this breaks 250 it will roll down to 237
ENPH above 114 can push to 117.50  
SMCI holds above 834 we push to 886,927


Share Macro-to-Micro by Samantha LaDuc

Michael's Trading Room Summary

APR 26, 2024 AM

MAG7 - large gap up this morning; back above the 50-day MA.

Weighted Dollar / Yields Ratio - still above 300; Still under 310. This is the channel. Sam still see's 350 in time.

IWF:IWD - massive gap up this morning. Just under the 50-day MA. Crossed above the 3, 10, 20, & 100MA's on the daily. Came close to hitting the 200-day MA (near 1.83) but now very near to testing the 50-day from below.

INTERMARKET

T2100 - bullish.

T2104 - bullish above hourly TL. Forming an hourly bull flag.

T2123 - not strong yet; bullish intraday - but not daily / weekly.

T2126 - firm.

WTI CRUDE - back above 84 daily. The 81.00$ daily support proved solid.

GOLD (futures) - 2300 daily support held; still under 2350.

Nat Gas - still above 2.00 but chopping and nasty.

Bit Coin - testing 64k after failing to get / stay above 65k. Below 63K it's kinda open into 60k

FX

Dollar (DXY) - bounced the 20-day MA & stayed above. Crossed back over the 10-day MA as well. Still showing a consistently lower high on daily chart. Holding above 105.50$. Getting stronger as the morning goes on.

USDJPY - nearly tagged 157; faded a bit but still strongly higher. Still an intervention threat. They really didn't show their hand last night. It's very costly for them to intervene so they want to wait 4 the time to get the most bang for their bucks.

BONDS

TLT - gapped back above 88 daily.

TNX - faded back under 4.68%. showing weakness.

INDEX

IWM - holding well.

SPX - chopping. 5094 is the level to get above. 5050 / 5080 channel. Above that this morning. Above 5080 is bullish.

SPY - 509 area is the level to get above to move higher. 509 / 505 spread. Has to get above 509.

BXM - market bullish. Moving higher.

QQQ - 430 area is the level to get above to move higher. 445.50 gap to fill. Sideways; firm. fine. Above 430 hourly we have 431.50 & then 433 hourly PT. Break 423 (or 426 into 423) for a nice short. QQQ - 6-million in put selling just came in (MAY 17th). Selling the 413 puts.

Still see 445 long PT.

VIX - 14.85 still PT

SVXY - market supportive.

CHASE

SPX - if the market breaks 5080 we come down to test 5056. if SPX holds 5080, it has 5111 above. 5111 approaching & 5129 next

BABA now needs to stick its landing to push 81

MSFT not falling apart testing support at 407, above offers 412,414 again

META below 440 we have 433 again

ENPH above 114 can push to 117.50

JD hit target now needs to hold above 30 for 31,33

QQQ pushes over 430 we have 433 next

VIX pushing down to 14.85

WDAY breaks 250 it will roll down to 237

SMCI holds above 834 we push to 886,927

NVDA above 840 tests 860. NVDA 868 then 891 above. 868 approaching 888,891 next

HONORABLE MENTIONS

Select Miners going great. Insurance has digested big. Diners looking good (SHAK, TXRH, WING, and CMG).

AEM - looks great.

AVAV - has not followed through yet.

AMZN - above the 55-day;

AGI - M&A possible. or not. confused now.

AU - M&A possible.

AVGO - above resistance.

AZN - great chart yesterday & it's holding.

BALL - looks pretty good. Shocking.. great looking chart.

BABA - still using the 200-day MA as the current PT. Great weekly expansion bar into weekly PT. Finally above the 100day & NOW HAS TO KEEP IT. Stay above 73 or 74.

BIDU - still like it. Slowest one; but it's really the laggard.

CVX - a major one; it's ok. 163.44 weekly needs to hold.

CL - just wow.

CMG - awesome. Passed on inflation and is doing well. (WING also looks great). TXRH also looks great. SHAK - also looks great

DXCM - holding weekly levels.

DKNG - under the 55-day MA. 39-daily held. Has work to do. Earnings on MAY 2. Under the 21-day. Under 43.75 weekly is resistance

DDOG - bullish engulfing weekly. Bounced the 30-week nicely. Spikey. 119 monthly support is critical; this needs to hold. MUST HOLD.

ENPH - can keep going. Watch the yields. Gonna be tough.

FXY - way stretched. Big stretch.

GILD - no interest.

GLD - fine

GE - bullish expansion candles. (VRT too).

GM - back towards the weekly high (like a mini "scoop" pattern).

GOOGL - great earnings. Announced a Stock Buyback & dividend. Markets liked it. Blue Sky. 172.85 daily fib level as a PT. 172.85 is the short PT in this VERY BULLISH chart.

HCA - came back in on weekly. Careful on this one. This has to hold the 296 daily or it likely falls into the 200-day.

INTC - a mess. no thanks. No bounce.

IR - 89 weekly support. share buyback announced. bearish under 89 weekly.

JD - 29.50 weekly holding support. Very extended NOW. Down slopping 200-day MA. Above 28.50 daily is just gold.

KWEB - doing well. Keep it above 27.84 weekly.

KLAC - higher lows daily. nice bounce off the 100-day MA. Earnings were strong. hitting weekly Kelt's high.

MSFT - beat; moved higher into the gap. Exceeded expectations. 409 weekly PT taken out; hit 420 hourly. Gapped back above 55-day MA. Has a gap back to 400. If short; that is the 407 PT & then overshoot into 400.

MAG - should react to rising silver; bullish backdrop.

META - made it back to 440 PT. Still expect 400 PT to get hit eventually. Like it short; but use patience. Below 445 it looks weak.

NVDA - 844.44 PT & gap has not filled. firm. NVDA - 861 PT. NVDA - 860 PT taken out - so now 888 is new PT.

NEM - overshot into the 100-week; showing digest signals but still really nice.

PDD - getting hit at 128.

PEP - doing good.

RMD - get above 192 weekly.

ROKU - nope; no thank you.

SLV - fine.

SNOW - put selling showing up; over 1-million $$ in put selling. Get into 55-day first - then we can evaluate a possible move into the 200-day

SMH - back above the 55-day MA. hitting the 21 day; 213 daily is a level to keep. likely pushes higher. Does not look good for a short. 216.87 long PT hourly. Breaking 211.40 would be a short into 208... otherwise this thing is moving higher (not lower). Above 221 we'll go to 226 daily.

SKX - a gap n go. Up-sloping 200-day MA. Broke up through the weekly kelts & weekly Bollinger high. Stay above 65 weekly.

STX - not awesome.

SMCI - 834 hourly leads to 886 hourly.

SNAP - popped up into 14.50 monthly resistance. Above is bullish - below is not. Stay above 13.89 weekly. Likely digests here.

TEAM - still poor. Looks bad.

TSLA - get above 174 / 175. (get above the 55-day MA).

TECK - still like this one. Blue Sky; stay above 49.34 weekly.

VKTX - hitting 70 weekly resistance. Looks ok.

VRT - bullish expansion candles. (GE too).

WDAY - loved the short; trend reversal pattern. resting on the 200-day MA. 50-week is right below. Great idea to short into the 200-day MA... but hard to short AT THE 200-day.

XOM - at key level.

ZIM - hit 13 weekly resistance. digesting. 50-week above that; Overshot. Not sure why it's running.


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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.