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Samantha's RECORDED Live Trading Room - 4/19/24

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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

QQQ tagged all PT’s. 420 likely digests so far sideways was we wait on MSFT earnings
Semiconductors continue to the the weakest sector, SMH below 207 we pushing towards 201
SPY 497.37 tagging/overshoot to 496 possible,4983 on SPX target
Sam thinks we could see a relief bounce into monday gap up that gets crushed
VIX watch the 19.21 level to , below market could target that Monday bounce
Gold and Silver are coiling and digesting this recent move
SMCI below 886 for 834,794. Likely digests here next is 746
NEE over 65 can push 68
LLY below 739 we can see 712,700,672.62 stay below 755
NVDA pushing for 823, below that we can see 776
TSM below 129 we have 125
META below 490 we have 485,483.59 that tagged
GPC pushes above 165 can make a nice swing
NFLX could bounce into 600 and that would be a great place to reshort , its cooked below 570 it has 559,537 and eventually 499


Share Macro-to-Micro by Samantha LaDuc

Michael's Trading Room Summary

APR 19, 2024 AM

MAG7 - under the 3, 10, 20, & 50 day MA's. Gapped lower than the close but still inside yesterdays candle. Large red Outside Weekly bar says "we're done going up" sign.

Weighted Dollar / Yields Ratio - dipped under 300 but rallied back above it. Still under 305.

IWF:IWD - close to 1.90 after falling under the 3, 10, 20, & 50-day MA. Still chopping in a daily range (1.88 to 1.94). Still suggesting that tech is in trouble.

INTERMARKET

T2104 - itty bitty buying under the surface; not "real" buying yet.

T2123 - big drama broke everything this week. Selling since Apr 10th. Don't see anything here.

WTI CRUDE - Testing 81 daily (the 55-day MA). large expansion overnight was unwound (we popped into 85 & faded back down under 82 by market open). War Premiums taken out. Not a headwind for equities.

GOLD (futures) - The APR 12 wide daily bar still controls the range; 2431.78 high side of the range & 2334 is the low side of the range. 5 days now chopping inside that zone.

Nat Gas - up +2.00% this morning (which puts us back above the 50-day MA) but still just chopping sideways daily. Nothing here.

Bit Coin - The "Half"ing event; large wick lower - price rallied back up (and through the daily 50-MA) to test 65k. Inside day breakout.

FX

Dollar (DXY) - 106.50 daily range top; 105.75 daily range bottom;

USDJPY - large pin

BONDS

TNX - softening w/ the dollar.

INDEX

SPX - Sam thinks we could see a relief bounce Monday w/ a VOLATILITY CRUSH and a pop up (or a "gap up"). gonna hit 5000; below that we have a PT at 4983.

S5TW - % of S&P stocks above the 20-day MA is nearing the "trigger low" (very oversold) signal area.

SPY - 497.37 daily likely where we bounce.

QQQ - Hit PT's all week. Cheers if you caught them. Under 422 hourly this morning. 421.57 likely the level we bounce. We are extended. Breaking. 421 weekly acting as a minor support. 10/21 still has not crossed over yet. Not looking good for Semi's at all. 415 hourly PT. $QQQ sideways waiting on earnings. Passed right through 420;

VIX - still above 18 hourly.

VXN - expanding.

CHASE

GPC pushes above 165 can make a nice swing

SMCI below 886 for 834; SMCI 800,794 next; below 794 we have 745

SMH 207 about to tag next is 201 after digestion

TSM below 129 we have 125

$QQQ sideways waiting on earnings

SPY - 497.37 tagging/overshoot to 496 possible,4983 on SPX target

META below 490 we have 485,483.59

NEE over 65 can push 68

LLY below 739 we can see 712,700,672.62 stay below 755

NVDA pushing to 823; nvda below 823 we have 776

NFLX could bounce into 600 and that would be a great place to reshort , its cooked below 570 it has 559,537 and eventually 499

HONORABLE MENTIONS

MAG 7 - "we're done going up" sign. Best shorts are Semi's -

ARM - at the 21-week. 100.00 getting defended. Has to stay above that level for any chance of staying above.

AMD - at the 146.75 daily PT & could bounce here.

ASML - great short. At the PT - likely digests here.

AAPL - not bullish. Had to remove META from it's China App store.

ENPH - weekly TL test. Yields would have to drop to get bullish on this one. Tracking the 200-day MA on it's way down.

GOOGL - like the gap fill once it comes back inside.

GLD - coiling on hourly / daily; this is going to have a big move soon. Very bullish but extended. This is in a huge squeeze. (SLV too). Could see a little weakness in this space.

JBLU - has struggled.

LRCX - semi; reports next week & is already selling off. Broke the 10-week; down to 900. No edge into earnings.

MSFT - great reversal on weekly. IT'S A TOP! Making a trend reversal weekly. defending the 21-day

MNST - a lot short; 52.24 weekly lower PT.

META - removed from the AAPL App Store in China. META - break 486 for a short trigger

MU - 87.25 gap fill PT.

NVDA - down 831. Add time.

NEM - like this.

NEE - this looks great! needs to see that 200day turn higher but Sam likes it

NFLX - think this will be a great cont short. It's cooked. Should have a great swing short ... maybe even a great TREND short. Daily 559, 537, 499 PT's lower. Weekly 579.64, 503.41, 474 PT's lower.

NFLX - could bounce back into 600 which would be a great place to come in w/ some shorts. Could see a monetized puts around 559 / 557.62 area for a little bounce up - but that will just offer a greater short play.

QCOM - really has not started to seriously fall.

ROKU - no.

RCL - no opinion.

SAP - in distribution; a "germany short" - has earning coming up.

SPOT - earnings next week.

SMCI - at the 55 day. Breaking down.

SMH - 201 PT.

SLV - coiling on hourly / daily; this is going to have a big move soon. Very bullish but extended. This is in a huge squeeze. (GLD too).

TSM - awesome gap down below the 55-day.

TSLA - Not bullish. Tagged the 400-week. Great Place for a "range bottom" 146.41 daily likely does get hit intraday (was already hit premarket). 167 big big resistance. Below 146.41 we have ... 120 as next monthly support lower. 133.42, 122, 114 daily lower PT's

VRT - great rollover weekly. 55-day MA looks great for a short PT; breaking 76.28 weekly offers lower

$V - breaking 273; breaking down.

WSM - 249 PT - lots of time to get that done.

XLI - came into the 55-day MA.

XLF - crossed back above the 55-day MA.


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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.