Samantha's RECORDED Live Trading Room - 1/10/25
With #LTR Notes - by Samantha, Rithika and Mikey
Samantha’s Live Trading Room Summary 1/10/25
I have one job: To let you know when it’s safe.
Clearly, my internal intermarket analysis - from “DEC 27TH, 2024 - UNDERCURRENT OF WEAKNESS PERSISTS” to “JAN 8TH - WHY I DON'T TRUST THIS MARKET” were good warnings as was my “DEC 12TH - YIELDS ABOUT TO BREAK HIGHER” to my “JAN 6TH - MARKETS IN REPAIR” where I warned premarket Monday: “above 4.7%, equities lose their "goldilocks" zone.”
Today: strong payroll print premarket today was market bearish, meaning market needed to price out rate cuts and worry about rate hikes being bantered around by Bank of America. US dollar and yields spiked, as oil caught a bid.
USD pushed above my 109.30 resistance (110.78 overshoot).
The 10Y yield even tagged my stated PT of 4.79%, which is exactly what I expected to cause more equity disturbance. Above, even if briefly, will usher in more selling unless Plunge Protection Team softens them down.
The 10Y2Y yield curve bear steepened closer to my +45 (+42 hit so far)
Crude oil pushed into 77.80 PT (with 78/79 overshoot)
Bonds dumped, as I warned and Equities got hit, on cue.
The trifecta of higher dollar, yields and oil, as I have been calling, on a “waterfall” breadth destruction under the surface - STILL, which started December 2nd at 11AM as tracked daily for you and is why I said Wed: “I DON’T TRUST THIS MARKET AS FAR AS I CAN THROW IT.”
INTERMARKET REVIEW JAN 8: WHY I DON'T TRUST THIS MARKET
My 5 most bearish chartsNet selling was slow to get going this morning, but I had “no green shoots” and as such why I gave lower short PTs for you to press short. In fact, we closed poorly - across my indicators, so unless the PPT wants to appear, expect weakness next week.
Let’s Review Next Week Price Targets: