HaiKhuu Daily Report - 01/07/2025
Good morning, and happy Tuesday!!! I hope you traders are all having fun this week, as things are about to heat up even more. This is the final day before the week starts to get confusing. We have FOMC minutes coming out tomorrow, and we have THURSDAY off as markets will be closed in honor of Jimmy Carter. That means we should expect market conditions to be more challenging to navigate. Still, hopefully, it should only give us confidence in these market conditions and opportunities to capitalize on. Just be careful and tread lightly, knowing that markets can quickly chop around and take a turn for the worse, just like how we watched as $SPY rallied yesterday, only to reject $600. So let’s make the most out of today and have a great time in the process!
Good luck trading today, and let’s realize some gains!
The updated $SPY daily levels are as follows:
Conversion Line Support: $591.49
Baseline Support: $594.79
Psychological Resistance: $600
Daily Cloud Support: $588.60
Thoughts & Comments from Yesterday - 01/06/2025
Yesterday was a rather interesting turn of events. Market conditions looked beautiful, yet we watched as markets rejected major resistance and came down like it was nobody’s business. There were great opportunities to watch as $SPY rallied early in the morning and better opportunities to short the momentum afterward.
So, we started the day with $SPY opening at $596.23. Conditions at open were great as $SPY opened up roughly $5 above the previous close, and we watched as $SPY continually rallied throughout the morning, going on to make the official high of the day trading at $599.70 during the lunchtime lull. Conditions were great as $SPY was extremely strong, but the issues came once we rejected that level at the top. $SPY wasn’t able to break through the $600 resistance level, and as a result of that, we rejected the level hard and watched as $SPY sold off continually throughout the afternoon.
About two hours after making the official high, $SPY was red again for the day and continued to make new lows of the day, leading into close, where we made the official low trading at $593.60 and watched as $SPY bounced ever so slightly within the final 10 minutes of the trading day, where we ended the day with $SPY officially trading at $595.36, up $3.41 for the day, or up roughly 0.6%, despite being red on an intraday basis.
As I said before, conditions were really great throughout the day as we had opportunities to trade both directions, but it was just a matter of being able to capitalize on the opportunities. Hopefully, you all had a wonderful time trading yesterday. I know that I personally had a wonderful time, so let’s see what the markets have in store for us today and have a lot of fun!
S&P 500 Heat Map - 01/06/2025
Thoughts & Comments for Today - 01/07/2025
Today should be a fun time. With the range that the market has set up for us. There is a lot of confidence but skepticism in the markets right now. We will see choppy conditions leading into the FOMC minutes released tomorrow. Still, those choppy conditions will provide us with incredible opportunities to scalp both directions and allow us to realize gains. So please tread lightly on these market conditions, but make the most of these conditions.
The biggest thing you should continue to do though, is look out for the organizations that have momentum. With CES going on right now, there are many tech companies that are releasing products that are impacting share price heavily. In the chance, you are trading an organization that is happening to be presenting. Watch the presentation and see what is being said. It might not be a bad opportunity to attempt to trade, mostly if there are going to be large momentum-based moves as a result of the event. Don’t attempt to fight the momentum. Simply follow the trend for ease.
One thing to keep your eyes on, though, right now is BTC. We have seen a significant amount of strength in BTC in the past 24 hours, but since watching BTC break out, there has been slow and weak bearish momentum. We can watch as BTC drops back below $100,000, or we can watch as it rallies to a new all-time high. Obviously, I want BTC and cryptos to rally in these conditions, but now it is just a matter of letting it happen. We did just made a relative high trading at $102.7k, and are roughly 6% away from an all-time high at the time of writing this report. I do not believe that we will realistically make a new all-time high today, but I think there is a very strong chance that we will see a large movement in cryptocurrencies over the next couple of days, as well as leading into the inauguration here in two weeks. So keep BTC on your radar and just continue to tread lightly.
For my allocations today, I will say that I do intend on actively trading. I’ll find opportunities to capitalize on across the board and just do what I can to have some extra fun throughout the day. I am not going to generate any sort of life-changing money today. But I will try to find some consistent opportunities for us all to capitalize on with the strength in these market conditions and try to make the most of it!
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, $INTC, $RIVN, $DG, $BA, BTC, $NVDA, $AMD
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $BA / $RIVN / $DG
Economic News for 01/07/2025 (ET):
Richmond Fed President Tom Barkin Speaks - 8:00 AM
Trade Deficit - 8:30 AM
Job Openings - 10:00 AM
Notable Earnings for 01/07/2025
Pre-Market Earnings:
RPM Industries (RPM)
After-Market Earnings:
AAR Corp (AIR)
Simulations Plus (SLP)
Wrap up
Hopefully, market conditions will continue to remain strong, and we will watch as the general markets continue to remain strong at these levels. I am optimistic to see what happens today and I am very excited to see how the markets set us up for FOMC minutes tomorrow. Watch out for a large directional movement on $SPY, and be careful, knowing conditions today are going to be choppy!
Good luck trading, and let’s see where the markets take us!