Your LIVE TRADING ROOM options:
1. For LIVE real-time & custom engagement: Join our CLUB membership for $350. Includes Samantha’s Swing/Trend portfolios/alerts & all macro-to-micro contributors/trades & all posted analysis/education/Tradytics option flow!!
2. For VIEW-ONLY real-time: Join our COMMUNITY membership for $125. Includes live stage moderators & Samantha's intraday/multi-day Chases & market thoughts!
3. For RECORDING & summary notes: (soon) Join PRO in Substack for $95. Includes the full recording of Samantha's live trading room each daily with summary notes.
#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!
Rithika's Chase Summary
MEME MANIA MONDAYFaves: SPWR with 93% SI, CHWY an Andy Cohen treatment with AMC + GME; then LMND just launching higher but BYND hasn't?
Hedge Fund Factor Rotation just triggered, but for how how long???
What is it? Hedge funds are long VIP stocks (MAG7) and short Junk.
The rotation is when they actively sell those VIP stocks and aggressively cover their shorts.GME was the trigger so is it 'one and done' or will there be more?
If more, it can last a few weeks AND then it will trigger volatility (and bonds sell off).
VIX tagged my 12.70 PT gave last week and bounced into 13.38 resistance.
PPI/Powell Tues morning with CPI Wednesday morning will then set the stage for the next move.
QQQ still HAS TO tag 445.34 before I can really tell ya where I think we head next ;-)
DXY coming back down to the bottom of the channel could stabilize stocks
Meme stocks with high short interest are having squeezes while FAANG remain relatively weak
Market underneath is still bid
OPEN/RDFN were oversold plays I suggested on my "Warm Summer Housing Market" call. They are still working higher - helped by the short covering rally in junk.
AA is the best looking triggered swing above 37
CELH I got wrong post earnings as it quickly recovered and once above 80 last Thursday was a strong long. Now needing to stay above 85.50 on wkly close to push back into 91. "If 80 then 100" in play then.
Cocoa fell 18% so HSY pops, DBA drops.
AAPL pushing 186.52 next is 188,191
CRSP above 54.45 pushed into 56,57
CELH above 87 for 91
AA pushed above 37 now into 40.37,41.36
CHWY perking up above 16.3 can push 18
HSY hold and base over 208.3 for 213.72,215
NVAX pushing towards 12.50
BYND over 7.64 for 8.5 ( 41% short interest)
TSLA 173.81 tagged, next above 175 is 177,180 (edited)
JD above 33.1 next is 35.78
BB over 3 into 3.25,3.5( meme squeeze)
ARM above 115 next is 117.8,120
BABA held 78 now pushing into 84,86 continued swing
Michael's Trading Room Summary
MAY 13, 2024 AM
MAG7 - nice recovery in the MAG7 space; didn't get above the blue line last week - so now looking for "tells" to see if that resistance holds or not on the daily.
Weighted Dollar / Yields Ratio - cont to move lower - supporting equities. 280 short PT (Sam said 380 but mis-spoke)
INTERMARKET
T2104 - expanding. still buying.
WTI CRUDE - digesting 79.11 & still see lower (with PBF and VLO). Every pop is getting dropped. Weak.
GOLD (futures) -
Nat Gas - continues to stabilize.
Bit Coin - Above MACD "zero" line would be bullish otherwise this is chopping and digesting.
FX
Dollar (DXY) - "weak" - consolidating. "Cradle" formation. Expecting a lower TL tag.
USDJPY - "if 0.80 then 1.00" on the JGB 10Y. Still looking for 1.00
EURUSD - popped up this morning.
BONDS
TLT - cont to see support.
TNX - under 4.688%. Weak.
ZN (10Y) - cont to see support but it's more consolidation.
ZT (2Y) - cont to see support but it's more consolidation.
10Y/2Y spread - still sideways.
INDEX
SPX - "equities bid" while the DXY & 10Y are weak. hit 5200 gap fill. See more sideways than "big bullish"
SPY - "equities bid" while the DXY & 10Y are weak. Above a key level. Expecting shake n bake Tues & into Wednesday.
IWM - gapped up premarket.
QQQ - "equities bid" while the DXY & 10Y are weak. Tight at 442; Still see 445.34 gap fill hourly.
VIX - Looking for a spike. Green by a lot. Still trapped.
CHASE
ARM above 115 next is 117.8,120
BB over 3 into 3.25,3.5 (meme squeeze)
BYND over 7.64 for 8.5 ( 41% short interest)
BABA held 78 now pushing into 84,86 continued swing
JD above 33.1 next is 35.78
NVAX pushing towards 12.50
QQQ to my 445.34 PT - right before PPI/Powell Tues and CPI Wednesday.
TSLA 173.81 tagged, next above 175 is 177,180
VIX gapped up, causing the current sell off on the shorter time frame, 13.33/13 is the pivot to stay above to continue pressure, otherwise we sell off into new local lows again
HONORABLE MENTIONS
ALEX - posted good notes in the Slack Bio-Pharma channel. Take a look. Looks like a fractal rotation out of big names that matter & into beaten down high short interest names.
ADI - blue skys; hitting the weekly keltner.
AA - breakout on weekly. Stay above 37.17 weekly or 35 daily. Nice ot move higher w/ PT into 41 area. Nice Squeeze.
AAPL - AI news; Getting bid. Bullish. 187 PT & then we'll see
AMAT - downgraded but still not really doing anything.
AMZN - fine; having a hard time getting above 188 .
ARM - setting up an AI division in the spring... still in bounce mode.
BABA - gapped up on Stimulus. Earnings tomorrow.
BJ - has earnings coming up.
BIDU - has not bounced on the China Stimulus- but BABA has.
CRWD - Cyber getting the "nod" w/ possibly PANW
CELH - hanging out & bullish. 85.50 hourly breakout. Turned out to be a very bullish bounce.
CRSP - news & short covering both.
COOP - getting some selling of size.
CADL - strong position.
EBAY - too choppy.
EDIT - coming up from the btm & short covering.
$F - hanging at the 200day MA.
FMC - an "Agg" play. Get above 68 weekly to be productive.
GOOGL - down this morning w/ AAPL talks and "AI" - Sam posted in Slack on this. Gapping lower this morning.
GME - Roaring Kitty is back. Back above 200-day MA. Still under 19.50 weekly. 27.31 likely where the volatility comes in.
HOOD - getting hit but unsure why. Broke the 55-day MA.
JD - 37.72 or the 100-EMA as a measured move PT.
LMND - 100-week long PT. 32% short interest. Not seeing the "meme" treatment yet .. (maybe they have not found it yet)...?
MU - still has bullish options. Still see buying
META - short squeeze hourly; stay below 469. So far - it's only came into the 8-day MA.
MSFT - bearish engulfing on daily. Broke 412.50 hourly.
MPR - news. popped above the down-slopping 200-day MA.
MPW - 5.77 is the level to stay above weekly. Massive Squeeze coming out. 19.5-million shares.
NVO - doing better than LLY right now.
NNVC - holding up there.
NVAX still going. still moving strongly.
NVDA - if it breaks 889 hourly we could get a short. China news about NOT buying NVDA...?
PDD - calls OTM in the blue sky area coming in. TEMU news shook this higher. 160 calls came in at the open. News.
RDDT - no
SLV - under 26 resistance. gappy product.
SPWR - pushing into the 55-day MA. In a volatility squeeze. Short Squeeze.
TSLA - 167.75 quarterly support held; it "did it" - so needs to keep it now. Long here.
WMT - looks very bullish. (COST already made it's move). Earnings this week - likely DOES affect COST so keep that in mind.
XRT pushing higher w/ assist from GME.
SHORT COVERING NAMES
BYND
LMND - weekly squeeze.
SPRW
NVAX
CHWY
RUN
MPW
Before you leave!
Please remember I have a great team you are helping to support.
If you enjoyed this analysis, let us know!
Hit Like!
Share with friends and colleagues!
Samantha's RECORDED Live Trading Room - 5/13/24