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#trading-room-summaries
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.
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Samantha’s Live Trading Room Summary
Not Bearish
From my premarket review on market bounce in QQQ from 465 to 480 to 493 by Sept 20...
my AAPL 232.33 PT hit as small caps and FANG stocks move higher while NVDA digests...
I review the bullish economic data AND why the 10Y yield is getting defended/rising from 3.8%...Also, PDD short from 106 to 88 hit PERFECTLY
SMCI hit short PT then bounced but I still see 357
AFRM gamma squeeze chase working - and both Rithika & Archna traded this earnings report to beat, which it did.CI breaking out
PYPL breaking out
SOFI breaking outOKTA + CBP likely defended post earnings - working
Is TWLO next?? On watch for trigger above 63.91 wkly resistance.
Rithika's Chase Summary
Rithika chase summary notes
IWM holds over 217 can see 220,222,225 again
QQQ 475 tagged, 477 approaching next is 481,484
SPY over 561 back to 564
VIX under 15.6 likely comes back down to 14.49
Breadth still bullish under the surface
NVDA above 121 can get chasers into 125,129
ANF stays under 140 we slow drip down to 122
ANET 340.59 support below that 329.04
SMCI having 100 day boune if above 453 can see 485; big picture may not be done going down to 357
AAPL on its way to 232.33 above 228
AMZN above 173 back to 175,177
MSFT above 416 back to 420 above 420 for 425.5,427
PYPL needs above 72 for 74
CRWD over 277 has 290 next
PANW holds over 362 can approach 365,370 again
PLTR stay above 31.5 can head back to 33
SOFI pushing into 8.52
SMH stays over 242 we push back into 245
TWLO stay over 61 for 63, 65
Michael's Trading Room Summary
AUG 29, 2024 AM
MAG7 - Red day yesterday - popping up in premarket & nearing yesterdays open.
Weighted Dollar / Yields Ratio -
IWF:IWD - Large gap lower in premarket (1.94). MACD still under zero line (daily).
INTERMARKET
T2100 - strong
T2123 - bullish.
T2126 - hanging in there. Not a problem
WTI CRUDE - rallied off 74 to hit resistance at 75 daily. It's getting happy over economic growth. Still is not any durable demand.
GOLD (futures) - lots of movement - but from a pop to a fade it's near the close of yesterday again.
Nat Gas - stalled but above 2.0 daily.
Bit Coin - up more than 2% this morning; it's proxies are also up. Bearish until proven otherwise. MACD not pretty. Bit Coin - a little bounce but dont care. Still.
FX
Dollar (DXY) - slight pop up this morning. Not seeing anything really threatening. Very Strong.
USDJPY - trying to get supported.
USDCAD - right back to support.
EURUSD - Hit some serious monthly resistance. testing the 21-day MA. This fade will help support the DXY.
GBPUSD - looking to see if it can come back in.
USDMXN - very strong.
BONDS
TLT - gapped under 97.50 daily.
TNX - back above 3.8%
ZN (10Y) - back to july & may in the 10 & 2
ZT (2Y) - back to july & may in the 10 & 2
10 / 2 spread - looks like Powell wants a steepener. Some will be nervous if it gets / stays above 0.
INDEX
SPY - Came down - before the NVDA earnings. 553.28 PT yesterday.
IWM - 222 is the level to get through.
QQQ - 493 still in focus. 465 gap still on the table - and it WILL fill that too at some point. Does not look like it's ready to roll over.
VIX under 15.6 likely comes back down to 14.49
CHASE
AAPL on its way to 232.33
ANET 340.59 support below that 329.04
ANF stays under 140 we slow drip down to 122
AMZN above 173 back to 175,177
CRWD over 277 has 290 next
IWM 220 approaching next 222 and 225
NVDA - above 121 can get chasers into 125,129
PYPL needs above 72 for 74
PLTR stay above 31.5 can head back to 33
PANW holds over 362 can approach 365,370 again
QQQ 468 tag and bounce now above is bullish to 475, 477, 481; below 471 we have 468 and 465 again ... 475 tagged, 477 approaching next is 481, 484
SPY trendline cut and bounce to the underside 560.5 remains pivot for bull/bear... over 561 back to 564
SMCI having 100 day bounce if above 453 can see 485; big picture may not be done going down to 357
SOFI pushing into 8.52
SMH stays over 242 we push back into 245
TWLO stay over 61 for 63, 65
HONORABLE MENTIONS
ANF - 10/21 weekly has not officially crossed over. Could bounce into 151.50 weekly and THEN drop. Still above the 200-day MA
AFRM - above the 200-day. Careful if it breaks 37.88. Digesting here would be a good thing. Looks great. Gamma Squeeze in play. Stay above 38.00 weekly.
ALAB - under the 55-day MA. It's a "new issue" - not a lot of candles here to evaluate. Still in lock-up period.
AVGO - will be a mover - since it is part of the NYFANG+ MAG 10 group.
AMZN - above the 200-day is bullish, below is not
AAPL - 232 still on the table - we have an inside day breakout happening on the hourly.
BIG - suffering horribly. DG & DLTR also suffering.
CPB - think it gets defended.
CVS - got a warning letter today.
CI - working - has a great pattern. Working. Hold above 340 weekly. Boring but working.
CRM - 269.50 weekly - 269.20 breakout daily ... looks like it is going to go g2r.
CRWD - 10-W and gap fill & 200-day MA. hit 290 - need to hit it.
DG - triple miss.
DLO - nice breakout above the 55-day MA. weekly 9.22 in focus as PT. 9.89 above that. Then overshoot into 10.30 area.
ENPH - could get that 120 target.
FI - just great! Amazing chart.
GSIT - NVDA related.
INTC - trying.
MA - still looks good.
MSFT - AMZN - GOOGL - all doing the same thing - boring.
MDB - earnings coming.
MNDY - bullish w/ a gap up. Not a lot of info - too thin - but bullish up here.
MRVL - earnings on deck - trying.
NTNX - stay above 60.71 weekly.
NVDA - came back to 115.49. Bounced - came back again - now sitting above 121. Could fade a bit more to fill the lower gap.
OKTA - could come back up to 82. Likely the drop gets defended - so maybe a little bounce likely.
OXY - eh. don't see anything here of interest.
PYPL - get above 74 weekly.
PDD - hit perfectly.
SMCI - yesterday was hit. Likely not done. 428 overshoot hit - should bounce there & it is ... still see 357 after it rejects and rolls over.
SNOW - 110 weekly. Needs to stay above.
TSLA - 217.65 weekly resistance. 200-day MA supported. Moving higher
TWLO - under the 200-day MA. Has to get above.
TEAM - ok. Has a lot to prove.
UNH - still pretty.
VLO - 135 strong weekly support - no surprise if it bounces from that weekly level.
WBA - dumps.
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