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Samantha's RECORDED Live Trading Room - 3/05/24

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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

We finally got a two way market
QQQ below 440, we are approaching our 435 target ( 430 overshoot target runner can be held)
SPX below 5111 we approached our 5080 target
VIX pushed 13.84 into 14.4 target, this is the REAL test to break above if we want more volatility, 15.21 should be able to come into play
GLD pushed through 194 into 197 it is getting extended next 199.70 after digestion
Sam still sees this as a shake and bake, we don’t have enough volatility to have forced selling this is just rotation of money
TSLA below 199 pushed to 193 and 189 then we further got a extended sell off into 177, next is 173 after some digestion
SNOW pushed below our 180 level into 172 and overshot to 170 next is 166
SMCI triggered our 1054 level into 999 next is pushing to 950, 917 below 999
EBAY over sold tech play breakout over 48 into 50, 52
GOOGL next 130.5 then 129 below 133
AAPL 171.5 tagged, next is 170, 168
CHK trying to break 83 into 85, 87
MSFT below 409 is bearish, above is bullish


Share Macro-to-Micro by Samantha LaDuc

Michael's Trading Room Summary

MAR 5, 2024 AM

MAG7 - Gapped down outside of yesterdays range. Still bullish weekly.

IWF:IWD - Closed at the lows yesterday. Still holding above the 20-MA but likely touches it today.

Intermarket

T2104 - under the surface we have net selling.

WTI Crude - 80 daily resistance holding.

GOLD (futures) - 2140 daily held as resistance. Getting Busy.

Nat Gas - chopping at 2.00$ but not falling out (yet).

Bit Coin - stalled at 68k.

FX

Dollar (DXY) - 103.50 still daily support. Continues to hit 104.20 and dump. Still soggy.

USDJPY - Still holding sideways - day after day. 149.50 daily & 151 is the channel of concern (or the high & low from Feb 13, 2024). Looks supportive at the 150 area.

Bonds

TLT - big gap up into 95 premarket. 95.50 minor resistance daily. 96 above that. Short the rip... maybe 96.33 is a good place before Powell

TNX - large gap down this morning - completely outside of last weeks candle. 4.1% minor support hourly. Cont to fall. Look to test the 4%

ZN (10Y) - continues to hold the gap up & has broke out above the high set yesterday. Broke above last weeks high.

ZT (2Y) - Still inside last weeks range. Up from the lows of yesterday but still inside the range.

10/2Y spread: Still looking for -0.60%.

Index

NYSE - Still bullish daily, weekly, monthly.

SPX - Have not had a 2% down day in 86 days. Likely see a sideways week (posted last Friday). Above 5111 we can go back to gap fill (5131). Otherwise shake n bake to 5080. Staying below 5111 ... below is bearish / above is bullish.

SPY - Great reversal off the highs.

QQQ - much better. 434.65 short pt daily. Weekly 438 support. Break that for a play into 435. 434 is likely were we bounce

VIX - coming above 13.84 but needs to keep it. 14.50 is the REAL level it needs to get above. Hourly "could" get into that 14.73 area but really can't see more than that yet. Above 15 we can see 15.21

SVXY - at weekly resistance.

Chase

AAPL 171,5 tagged, next is 170,168

CHK trying to break 83 into 85,87

GOOGL next 130.5 then 129

GLD pushed through 194 into 197 it is getting extended next 199.70 after digestion

MSFT below 409 is bearish, above is bullish

SPX 5111 is the level to stay under , below we have 5080, 5070

SNOW 172 tagged and over shot to 170 next is 165

SMCI pushing to 950, 917 below 999

TSLA headed to 177.35 then 173

QQQ below 440 we have 436, 434.40. QQQ 438 is support, forming two bar reversal if we stay under 438 market could pullback into 434

Honorable Mentions

ASML - hit resistance weekly. Looks like a good place to sell some calls here. Could see a fade back 952 daily as a short duration chase.

ALB - back on weekly support.

AVAV - stay above 156 hourly.

AMD - anything below 208.80 is fine.

AAPL - holding by threads...

BABA - going to take time. Needs to keep 68.00$ weekly.

DIS - get above 114.74 weekly.

EBAY - over-sold tech play. Breakout above 46 weekly is working. Use 48 as stop area... stay above that.

$F above 13.07 could see a move up through a few dollars.

GLD - level is clear at weekly 194.45. This is strong. Above the monthly TL.

GTLB - not a good look.

GOOGL - breaking 133 offer 129.

HMY - best looking miner.

KWEB - going to take a lot of time.

KRE - seeing a rotation into banks.

META - breaking 493 offers a quick short play

MARA - get / stay above 29.00$

MDB - coming back in.

MMM - longs need to stay above 91 daily.

MSFT - hit 415 & coming back to the 21-day MA. Not a lot of meat on the bone.

MSTR - Does not look good.

NVO - they had news. Still a trend long.

QCOM - has work to do - to get back above 168. Came back to the 3-day. Not falling apart.

SMCI - 927 weekly short PT if cont weakness presses. Use 1059 as the level to stay below & 917 hourly as short PT.

TGT - get / stay above 164

TSLA - the short yesterday was great. 186 hit premarket. Still looks weak. 183.81 hourly support (or 182 weekly). 177 hourly next short PT

UNH - 476 daily support. Fell from Anti-Trust news. 477.40 hourly support. Does not look good.

UPWK - nice. short play into 11.50 area (weekly). The lower daily 200-MA should also work as a short PT but Sam does not think it stops there. 12.50, then 12.20 then 11.83 daily short pt levels. Earnings in May.

VKTX - fine. Be careful though. Extended from the mean.

WBA - not a buy at new lows.

XLE - has to get above 87.34 weekly.


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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.