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Samantha's RECORDED Live Trading Room - 4/10/24

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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

All the drama unfolded premarket , It is weak after CPI release but hasn’t broken range yet
SPX below 5150 next is 5130 break of that 5122
QQQ hit 434.65 and bounced, needs to break lower range bound for more selling
VIX 16.12 pivot for higher, 15.21 for lower, no direction yet
DXY big push after CPI this morning, 105.34 is resistance above becomes bearish for market if it doesn’t reject
USDJPY>152 is a sign for caution
Volume in NYSE starting to roll over, net selling in the market
SVXY needs under 108 for further selling, having intraday bounce
CPNG needs above 19.06 for 21
GBTC below 60 for 57.5 still weak
BABA over 73.24 can push to 76, 78 must hold above
NVDA still not at 823 below 850 is headed there
AMD below 167 we see 164 again
AAPL coming down to 166 below 168
ANF below 115 down to 113,110
PANW above 278 can see 287


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Michael's Trading Room Summary

APR 10, 2024 AM

MAG7 - still sideways; still above 10, 20, 50MA and MACD still above zero but the MACD line is under the signal line. The 50-day MA is still slopping upwards well - has not shown any signal that it wants to flatten out (bullish signal) but price has been unable to make new highs & we just continue to chop sideways (correcting in time - versus correcting in price). Gapped down premarket to the 20-day MA.

Weighted Dollar / Yields Ratio - Big expansion above 290.

IWF:IWD - closed down again - but really just holding the same spot - still in a range daily / weekly. MACD still under zero - the MACD line still under the signal line.

INTERMARKET

T2100 - large gap down; 2nd week red.

T2104 - has not really done anything wrong; intraday is light selling. More Selling than buying - lightly.

T2123 - large gap down hourly. First red week (if we DO close red) in a long time. Just starting to roll over.

T2126 - starting to roll over.

WTI CRUDE - Still holding above 85; still unable to pash above 88. That is our channel right now.

GOLD (futures) - still holding the highs daily / weekly. Down slightly in premarket ... broke under yesterdays lows. Came over - maybe it's a H&S.

Nat Gas - another green day; and gapping up this morning. Made it above 2.00 ... but can it stay there? 2.10 resistance daily.

Bit Coin - passed back under 68k daily. wide daily range. MACD rolling over.

FX

Dollar (DXY) - big push after CPI this morning; above 104.50 and looks like it wants 105 daily. 105.34 & then we'll see ... see a lot of chop right now.

USDJPY - Finally broke up through the daily range; now above 152 daily & has hit 152.50 one already. Just WOW.

FXY - fell out of bed.

USDCHF - that is drama.

BONDS

TLT - gapped lower; now under 91 daily. 90.67 hourly minor support / Weekly Support / Monthly support... Kinda matters. Look for a bounce there.

TNX - r2g; tapped 4.4%.

ZN (10Y) - large leg lower; broke 109 and still pressing lower. May be coming to the point where taking longs make sense. Do we get a bounce here... that is Sam is watching for

ZT (2Y) - large leg lower; broke 101-1/2 and still pressing lower. May be coming to the point where taking longs make sense. Do we get a bounce here... that is Sam is watching for

IRX - no move yet.

FVX - at resistance; needs to see something happen

INDEX

SPX - 5150 / 5130 ...break 5130 for 5122. Daily 5136.86 short PT. Stay above 5175 or likely see more digestion. SPX - expected gap fill & rejection & that is what we have - cheers.

SPY - back into the junk. Expect a monetization of puts & a bounce (would not surprise). Still like it short - even if it bounces. intraday support #2.

IWM - getting more weakness - following DIA

QQQ - Expect a monetization of puts & a bounce (would not surprise). Sideways since Mar 1, 2024 and Sam said so. Cheers. Still like it short - even if it bounces

DIA - weak leader; small caps starting to follow

VIX - not impressed. Getting tapped back down.

SVXY - has not rolled over much; 108.85 hourly resistance (weekly resistance). Stay below that for a short in the markets or for a long in VIX.

CHASE

BABA over 73.24 can push to 76,78 must hold above

CPNG needs above 19.06 for 21

GBTC below 60 for 57.5 still weak

NVDA still not at 823 below 844 is headed there

QQQ 434.5 tagged, still not broken needs below that for further selling still sideways bigger picture

SPY come down to 510.13 below 515

SPX below 5150 next is 5130 break of that 5122

HONORABLE MENTIONS

AMZN - still see 188 weekly.

AEHR - below the 400-week; "the end"

BABA - starting to do it; 73.43 weekly breakout. Leading;

BHP - now the worlds largest copper mine.

CPNG - triggered 19; looks bullish.

DKS - great short; coming into 200.00$ weekly. 198.72 daily short PT. (retail shorts)

DPZ - doing well.

COIN - rolling over.

GLD - pause level. $218.86 daily resistance holding.

HYG - not a good look.

LU - has not fallen yet; has another event coming.

MSOS - still fine; above the 10-week.

MSTR - sideways.

NVDA - green for now; still see 823 short PT.

SLV - at a key resistance level; pause location. 25 daily is your level right now.

VST -

XHB - bullied by yields.

XRT - not doing well; possible bounce area.

XME - digesting 61.80.

XLE - not selling off very much.

XLU - still like it; hold above the weekly TL (above 64 area). Lower yields should give it an assist higher.

Copper still getting bid up. "Buy the Dip"

TECK - copper play; buy the dip is in play

FCX - another one.


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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.