Samantha's RECORDED Live Trading Room - 12/10/24

With #LTR Notes - by Samantha, Rithika and Mikey

Samantha’s Live Trading Room Summary

China digesting: See #market-thoughts: Promises Promises. ;-)

QTUM at ATH, GOOGL gapping higher with 194 swing long PT; IBM into Oct/ATH at 238. All quantum bets = hot fire flames.

"Sometimes the most profitable is the easiest" and why I have also said “I’m not worried about AAPL, TSLA, AMZN”.

NVDA back down to 136 with semis soft on China investigations and QTUM rotation. Needs time/trigger to move higher - may need AVGO earnings 12/12 and FOMC 12/18th out of way.

Small cap index is weakest, as foretold from falling breadth & net selling indicators. Below IWM 241 should see the 21D at 236.36 break with 230 PT at 55D.
Otherwise, above 241 is bull flag and heading higher... but for that I need to see breadth reverse the 3 days of losses/weakness and net buying to kick in after selling since Dec 2nd.

GLD, SLV calls were cheap, as I showed last week and said would be likely bid into CPI + FOMC.

VIX hedge working.

There’s More… a lot more…