Samantha's RECORDED Live Trading Room - 1/2/25

With #LTR Notes - by Samantha, Rithika and Mikey

Samantha’s Live Trading Room Summary - 1/2/25

WELCOME 2025!! We certainly have a Santa's Rally in dollar, gold and oil today!
However, SPX slipped below negative gamma, and MAG7 is still weak/falling.
(Thank you AAPL, TSLA, QQQ shorts.)

SPX on Dec 20th lows I posted, "GREEN SHOOTS" before we bounced all the way back from 5832 to 6050. That Friday in fact was the low for December.

But then Dec 26th, I warned about that daily bearish harami candle on QQQ, which is now on Day 5 of this pullback. Anyone remember my 5bar rule ;-).

Anyway, that AAPL short from 12/27 has fallen perfectly into the 10W: 258 to 242. META is slower to break but I still see 574.40 into 570.

Bob warned not to short Oil past few weeks: today, firmly bid > WTIC $73 with 76-78 looking more probable.

This rotation in value bounces - XME, XLE both off 100W - corresponds well with the growth:value rotation falling and MAG7 ratio weakening. But XLP shorts in WMT, COST are still working ;-)

I did a review of monthly candles to debunk that these are not likely “the top”. In fact, I still see “one more high” in Q1:

• SPX 6150

• QQQ 548

• SMH 272

• NVDA 260-270 ... but may need earnings to get us there.

Until then, expect chop until we get past the inauguration, and into earnings season.

Trades of interest:

• EOSE > 4.97 wkly close (EV verticle lift)

• CDTX > 24.40 wkly close (bird flu vaccine)

• CVNA < 210 for trend reversal - and that was before I knew Hindenburg just issued a short/fraud report on it!