Samantha's RECORDED Live Trading Room - 1/7/25
With #LTR Notes - by Samantha, Rithika and Mikey
Samantha’s Live Trading Room Summary 1/7/25
I did warn Monday premarket: 10Y yields were about to leave the Goldilock’s Zone. The ISM data hit this morning. It showed hot prices which is inflationary and the 10Y yield spiked exactly into my 4.69% level. Are we done? I don’t think so. I can see 10bp higher before *they* try to intervene - beyond Trump trying to talk it down this morning. Lol
“TOO MUCH TOO SOON” I updated my NVDA trade yday for CLUB/EDGE clients, where I wrote: “As for the trade I proposed, it has happened to produce results much faster than expected, so taking half off is really smart as I do expect 145 gap to be retested before the weekly breakout can hold. SMH is also doing its thing - gapping INTO monthly resistance at 262.26 with 252.33 gap fill below to protect against…”
And then today happened ;-) LOL
Oh, and part of that SWING update for CLUB/EDGE clients was this note: “reminder premarket that the market underneath is still in need of repair with lots of potential for chop …”
And today we had this happen:
SPX opened at 5993, hit 6K and reversed to 5890. I have 5903 as level to trade below Wed to negate the Post-Santa “first 5 days of Jan” barometer as per Stock Trader’s Almanac.
NVDA opened at 153.10 and dumped thru 152.89 resistance level given to 145 daily gap fill before breaking all the way to 140 (-8.56% intraday peak to trough) and still not at daily gap fill of 138.88. GREAT CHASE SHORT TODAY
SMH opened 263.58 + immediately sold off with NVDA back to 253 wkly support with gap fill still to hit of 252.33. GREAT CHASE SHORT TODAY
QQQ gave chase short below 524 with 519.07 as PT with 517.86 overshoot. It closed at 515.
AAPL is still my fave FANG short into 238/237 as noted repeatedly.
PLTR chase short on break of 21D (after waiting patiently for weeks) was extremely well-timed for $5. THAT WORKED.
MBLY update yday in SWING was well timed. After a 50% increase (on stock basis), I warned it would struggle here for awhile, retesting 19.65 breakout. It did. Today. After I closed my trading room. Lol. Ditto with RIVN long. Warned 16.50 would struggle. Yup.