HaiKhuu Daily Report - 01/06/2025
Good morning, and happy Monday!!! I hope you all had a wonderful weekend and are ready for another extremely fun week for the markets! We have FOMC minutes coming out this WEDNESDAY, so please prepare accordingly for what should be an enjoyable time to trade! I expect market conditions to slowly pick up and become more volatile as we are heading closer and closer to the inauguration, so please continue to do what you can to maximize your profit potential. Opportunities will be amongst us, so please tread lightly but make the most out of these market conditions. I would not be surprised if we watched as the markets broke out before the elections, and it would be nice to see $SPY break back above the $600 resistance level.
Good luck trading today, and let’s have some fun this week!
(Also, I am taking a sick day today. This is the most sick I have been in a long time)
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $591.49
Baseline Resistance: $594.79
Psychological Resistance: $600
Daily Cloud Support: $588.37
Thoughts & Comments from Last Week
Last week was an interesting time for the overall markets. We watched as $SPY displayed general weakness, but strength later on in the week. Depending on where you allocated, you either had an amazing time watching as your specific organizations did phenomenally, or you unfortunately watched as your organization dove with the overall markets.
So, we started the week with $SPY trading at $587.87, down significantly from the previous close, but watched as $SPY chopped around the $585-590 range throughout the week. There really was no great momentum, but conditions remained strong despite markets selling off slightly on New Years Eve, and selling off to start the year, but regardless, life moves on and presents us with great opportunities to buy the dip.
Despite the weakness early in the morning, Friday was filled with extremely strong bullish momentum and opportunities. Anyone who bought the dip should have been smiling as opportunities were consistently amongst us.
$SPY opened the day on Friday trading at $587.52, up nicely from the previous close, and had strong yet relatively slower momentum throughout the day, as we watched as the markets continued to grind up throughout the day, continually making new highs until the early afternoon, where $SPY went on to make the official high of the day, and high of the week trading at $592.58, before coming back down slightly into the end of the day, where we officially ended the day with $SPY trading at $591.95, up $7.30 for the day, or up roughly $4 for the week.
It was a quick yet tough week to navigate, but provided us with some insane opportunities to trade. Anyone who grabbed $RIVN with us printed, and anyone who bought the dip on $TSLA had an amazing time. Hopefully, you all were able to capitalize on the opportunities that were presented to us last week, and are ready for today!
S&P 500 Heat Map - 01/03/2025
Thoughts & Comments for Today - 01/06/2025
Today should be a fun time for the markets. With the way that everything looks during the pre-market session, conditions look extremely strong, traders are going to be optimistic, and we should do what we can to make the most of it. It would not surprise me in the case that we watch the markets continue to rally throughout the day, but the only worry is that in the case market conditions are not favorable, how quickly can that sentiment shift, and how quickly do we drop after as a result of that. With the way that the markets are looking at the moment, I will say that it will not surprise me in the case we watch as $SPY does quickly recover that $600 level, but it is just a matter of general market sentiment, how strong traders feel, and how much buying actually occurs. Please, tread lightly but look to make the most out of these conditions.
Two plays that I think will be extremely fun to watch today are $TSLA and $RIVN. Both organizations have had an interesting movement over the previous couple of days, with $TSLA diving on production numbers but rallying afterward and $RIVN rallying on production numbers. Assuming that general market momentum remains strong not only today, but throughout the rest of this week, both organizations will provide us with great opportunities to trade and realize a significant amount of gains in the process. It would not surprise me if there are choppier conditions in both names, with strong bullish momentum that we can simply hold and watch rally afterward. Just continue to tread lightly though on these market conditions as genuinely anything can happen in a short amount of time.
The biggest thing though, is just to make sure that you are not remaining passive in these market conditions. Genuinely, anything can happen over the next couple of weeks, and as a result of that, opportunities will consistently present themselves. Just continue to practice safe risk management and do what you can to realize as many gains as possible, without missing out. No one should attempt to remain relatively passive and should at least continue to retain exposure.
For my allocations today, despite what was just said, I do intend on remaining more passive today. I am allocated heavily in $GRYP, which is up roughly 13% at the time of writing this report. This means that the organization is up significantly from the bottom, and buying the dip has worked out perfectly. I will continue to retain my exposure and watch as this organization continues to trickle up. I would still love to see the organization trading at above $1 by inauguration, but at the same time, genuinely anything can happen between then and now. So we will see what happens. I will be around today, but my voice is genuinely shot as this is the first time I’ve been seriously sick in a long time. I’ll still be around and be primarily chat-based today versus being on the call. I apologize for this, and I hope you all understand. Much love, and hopefully, I will be back up and running by tomorrow!
If I see any opportunities, or if I decide to get into any other plays, I’ll announce what I see in the HaiKhuu Discord.
My Personal Watchlist:
Note, just because something is on my watchlist does not mean it is a signal to buy or sell any equities
Watchlist:
$SPY, $GRYP, BTC, $INTC, $DG, $RIVN, $TSLA, $NVDA, $BA
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $BA / $RIVN / $DG
Economic News for 01/06/2025 (ET):
Factory Orders - 10:00 AM
Notable Earnings for 01/06/2025
Pre-Market Earnings:
Commercial Metals Company (CMC)
After-Market Earnings:
No Earnings Scheduled
Wrap up
Hopefully, markets continue to remain optimal and provide us with some great opportunities to trade and realize some gains. I apologize again for being sick, but I am back in Chicago and ready to roll with you all! This should be a fun time with many great opportunities to trade. Please tread lightly and let’s make the most out of these conditions! I know that I am extremely excited to see where the markets take us today, and let’s see what $SPY ultimately decides to do. Would be nice seeing $SPY back above $600 by EOD.
Good luck trading, and let’s start this week strong!!!