Samantha's RECORDED Live Trading Room - 1/6/25

With #LTR Notes - by Samantha, Rithika and Mikey

Samantha’s Live Trading Room Summary - 1/6/25

NVDA: I posted my new MAR financed call spread trade Dec 20th:

"I don't understand techie as much as I understand NVDA getting supported at 129.80 100D and moving back into critical 55D 136 during a market swoon where SPX dropped 5%. Once it can get/stay above 136 this can move higher above daily trendline resistance at 140 ... and bring SMH + QQQ with it."

Today I posted stacked above it in #swing-ideas:

"NVDA - An UPdate. Too much too soon? Or too much of a good thing? Either way, that MARCH financed call spread is up a decent 5600% or $5.60/contract.

So what's next? Well, NVDA managing to stay above weekly ATH of 152.89 Nov high will indeed bring my $160-170 by earnings Feb 19th. (My exact PT is 171.70 in Q1, but we know trading is not a game of perfect.)"

Reason for the season?

Falling DXY on Trudeau announcing a rumored exit Sunday night. Plus CES event all week with Jensen as keynote speaker - as discussed Friday morning - plus expected Q4 semi sales of strength. All together, semis ignited higher and dragged SMH sector and QQQ with it.

SMH gapped $10 higher - $10 from swing long PT of 272.46 and $10 above its Friday close. Gravity more likely to take hold before it can get/stay > key monthly resistance at 262.26. Once above 264, the next open air PT is 272.46. Add time.

QQQ - opened up ~1% but I said in live trading room, "above 594 is bullish" (before it ran to 527.92), "below is not" (where it is just toying right now.

With net buying under the surface and option flow on aggregate bullish, very tough to short, AND YET, as I warned in my #samanthas-market-thoughts premarket, the MARKET IS REPAIRING under the surface and cumulative flows are still bearish! Don't be complacent/Expect chop at a minimum.

Let’s review Swing Trades, Stocks of Interest, and Macro Trades…

Swing Trades