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Tip: fast forward a few minutes to skip to the start of the session
#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.
For best results, listen yourself. Or better yet, join us live!
Samantha’s Live Trading Room Summary
PBF looks so good if it can hold $28 - Carlos Slim increased stake to 22.5%.
TLT wait a bit more to buy- as detailed with top 3 reasons (USD strength into 105.80, 10Y futures gap fill lower, 88.50 monthly support) - or buy on trigger above 92.70 wkly close.
Trump trades rec’d are working: Long Bitcoin (COIN, MSTR, MARA), TSLA (oh my)… but short Gold & Silver. SLV is -10% since I warned last Tuesday!
IRM - trend long since $53 is pulling back into $113.
COR - trend long past few yrs is about to break out higher again.
LLY - trend long since 200 to 980 with expected pullback into 800 is now in danger of breaking. NVO short into 106 also further vulnerable. Both will likely be under continued stress with RFKJr in play.
MRK, AZN, SMCI swing shorts still working despite the amazing rally in stocks
WMB, KMI swing long plays since Feb are now wicked extended. Take care.
AMZN - best chase from open; as rec’d > 200 Bezos “call wall” is uber bullish
SQ - as long lotto earnings play
NVDA - Dec financed call spread at $146 = 6000% gain. Will hold into $148/149.
VIX tagged 200D as discussed yday in #chase-live-huddle with Hans!
GS, COF, KRE plus Airlines UAL, DAL are wicked extended/parabolic = no touch, while EWW, VALE are forming oversold bases.
SMH have the most room to the upside (272.46) with SPX still in view of 6010.
Rithika's Chase Summary
TNX gapped over 43.3 into 44.4 into resistance, yields trying to digest here
SPY gapped over 577 into 585; above 585 we continue into 590, 593
QQQ 494 tagged on its way to 500 next is 503, 505
Advance decline still in strong trend
Breadth trying to get rescued
VIX has come into the 200 day at 16.6
SLV monthly support at 27 could stabilize
TLT pushing down into 88.47
AMZN 200, 203 tagged next is 205, 208.73
GOOGL needs above 174 for 176, 178, 180.5
TSLA now needs above 280 for 285, 293
NVDA pushing 145, 147, 150
Cpng 23 support below that 21
BABA 95 tag, trying to stabilize below that we have 93, 90
XLE heading into 93.88
INTC 25 approaching next is 26.5
EQLS above 11 then 22 is equal legs
SQ 78 approaching next is 82, 85 could beat earning
SMCI almost at the 400 week as sam predicted into 19.29
Michael's Trading Room Summary
NOV 6, 2024 AM
Macro 2 Micro Options Power Hour today at the close. Live Trade room will be open from 2-3PM for FOMC event (tomorrow).
MAG7 - Back above 124 in premarket trading.
IWF:IWD - Gapped down in premarket trading - under 2.0(D).
INTERMARKET
T2100 - getting a bullish stochastic cross-up. Have a channel trendline to cross through.
T2104 - getting a bullish stochastic cross-up. Have a channel trendline to cross through.
T2123 - getting a bullish stochastic cross-up. Have a channel trendline to cross through. Starting to curve up - has not confirmed.
T2126 - bullish; awesome weekly.
WTI CRUDE - fell almost 2.5% over night. Holding at 70.00(W). Still see long-term short for crude.
GOLD (futures) - Fell almost 3% overnight; Still holding weekly highs | GOLD - under 2686 offers a deeper roll-over
Bit Coin - up; getting a lot of attention with the Trump win. Proxies are up as well.
FX
Dollar (DXY) - popped overnight; above 105 (D) now. Trump win likely drawing foreign capital into US Markets. Have the conditions for more - a stronger dollar. Helping yields move higher. Still have 107 as current resistance. 105.80 is "next step" line in the sand.
USDJPY - the JGB-10Y bond likely will get bearish above 1.0% but - not yet.
BONDS
TLT - below 90 (D) this morning. Still not safe to buy. Trigger above 92.70 for a long here. 88.47 is Monthly support. This is a play-thing for a DXY push.
TNX - popped into 4.456% in the premarket trading.
ZN (10Y) - broke support and fell more than 0.75% since the close yesterday.
ZT (2Y) - Still within last weeks wide violent candle. Down slightly this morning.
10/2 spread - rising; above 0.17% this morning.
INDEX
NYSE - Closed above 19.4k yesterday. Above 19.7k at the open today.
SPX - 6010 pt. it's coming.
SPY - short under 586(D) - if you are looking for a short.
IWM - hitting 236 (D). Great "scoop" pattern on weekly. Breakout above (W) 227 is the "stay above" level.
QQQ - bullish engulfing in play. 504 offers 548 weekly. HAS TO get above 504(W) for that. On the (D) and (H) there is some room for profit taking.
VIX - exactly back to the 200-day.
CHASE
AMZN 200.5 tagged, next is 203 | AMZN 203 tagged next is 205, 208.73
BABA 95 tag, trying to stabilize below that we have 93, 90
CPNG 23 support below that 21
EQLS above 11 then 22 is equal legs
GOOGL needs above 174 for 176, 178 | GOOGL 178 tagged next is 180.5, 182
INTC 25 approching next is 26.5
NVDA pushing 145, 147
QQQ 494 tagged on its way to 500 next is 503, 505 | QQQ 503 tag next is 505, 507
SPY now needs above 585 for 588, 590
SLV monthly support at 27 could stabilize
SQ 78 approaching next is 82, 85 could beat earning
SMCI almost at the 400 week as sam predicted into 19.29
TSLA now needs above 280 for 285, 293
TLT pushing down into 88.47
XLE heading into 93.88
VIX has come into the 200 day
HONORABLE MENTIONS
AZN - drama; not bouncing.
APA - get back above 31
AMZN - at the 200 sell level. 209 as a higher PT if it gets above 200.00$. Chase is going well above 200.00$.
CPNG - dissapointed. Came back to breakdown. Stay above 23 area. Still has not trend reversed.
COIN - has a more sustained chance.
CXW - went into resistance level.
DD - get above 87.27(W).
ENPH - solar getting hit. 80 (W) failed - moving into 70(W).
EOLS - extended - above 11 (W) then 22.00
GEO - good job; great move.
GLD - large cradle formation; expansion bar in reverse. 244.26(W) likely where we bounce. Break that and we lower for gold, lower for silver, higher for dollar, higher for yields.
HCA - getting hit; trouble.
INTC - needs money.
IRM - expect 113 at least.
JCI - builds the power plants that are "in" right now. Still a long
JETS - reacting to falling jet fuel prices. Made it to gap fill price of 20.20$.
KO - needs to gap fill & base to move higher. If it breaks 79.71 then it's heading lower.
KRE - large breakout;
KWEB - Likely see China begin making noise about a Stimi package - which would be "bullish china stocks"
MARA - even this is up; Trump is a pumper of Bit Coin.
MRK - down & out.
MCK - get & stay above 200MA.
ORCL - nice chart; could see foreign money come into tech from that DXY move.
OXY - has to make it up to 56(W).
PYPL - likely gets defended.
PLTR - crazy extended; continued.
PBF - See if there is a follow-through - Could see a pick-up from Trump policies. The most over-sold for sure.
NVDA - still have earnings to deal with. NOV 20.. 148 to 150 PT long.
RKT - right back into the breakout point on (W) ... 14.22.
RTX - (and LMT) had already started to weaken into today.
SMH - 251 tagged (H) - still have 272.50 pt.
SMCI - Still have 400W then 12.00$
SLV - getting ripped apart this morning. DXY hit this lower. 27$ is monthly support; could see it digest there.
THC - getting a little hit. Trump would be hard for hospitals.
TSLA now needs above 280 for 285, 293
TAN - back down to the trendline
UBER - down.
UAL - extended. insane. Will come back to earth eventually. Back up to the COIVD highs.
UNH - drama higher; testing weekly 608. Get above 608(W) for a continued trend breakout into blue skys.
VRNA - down; 37 likely shimmys.
VLO - See if there is a follow-through. Could see a pick-up from Trump policies. 146.80 (M) - is the level it needs to get above.
XLE - get above 93.31 monthly - thats bullish. Has 2 levels of strong resistance. Been here a long time - since June 2022... so above would be way bullish. Call it ... 94$. Get & stay above that. 99 is first PT (once it gets above 94).
XOM - 119.63 (M) - really been working on getting above that.
XLF - extended. Weekly breakout - helped by falling bonds.
XLV - had a pop higher. Had been selling off... hit the 148 short PT. Bounced on the 200(D) and is now working higher.
XLP - on its way to roll over. 79.71(D) short PT. It's working.
XLU - soggy into 74 (W) trendline.
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