HaiKhuu Daily Trading Report

Good morning, and happy Tuesday! Wow, what an extremely surprising, yet beautiful day we had yesterday. Congratulations to everyone who is a Michigan fan! That was a wild game last night. $SPY is down slightly during the pre-market session, but that is honestly irrelevant after the insane movement we saw yesterday. $NVDA has made a new all-time high, $SPY is looking great, and markets are back above the daily resistance levels. This is a major sign of confidence in the markets, and I am happy that you all are here!

CES is going to make many tech organizations go crazy again today after they announce some major developments, which should result in an extremely interesting day with sudden spikes in volume and movement in specific organizations, so prepare accordingly.

Continue to practice safe risk management in these market conditions, and do what you can do to maximize your profit potential. We are all going to have an amazing time in these market conditions, so have fun with this movement back up above support. This is a sign of confidence coming back into the markets, displaying strength and opportunity. This does not mean you should not protect your bottom line, but just know market conditions are still strong and this is going to be an amazing day for the markets.

Good luck trading today, and let’s see some magic in the markets!

The updated $SPY daily levels are as follows:
Conversion Line Support: $471.89
Baseline Support: $465.93
Strong Psychological Support: $470
Daily Cloud Support: $443.78

Thoughts & Comments from Yesterday, 01/08/2024

Yesterday was the best day that we’ve seen in 2024. It was a beautiful day for the markets with a significant amount of bullish momentum that could have been easily capitalized on, and the markets displayed genuine strength across the board. There was consistent bullish momentum in the markets and it made it extremely easy to ride the momentum. Markets broke above major resistance and displayed a significant amount of strength. Lots of money was generated trading yesterday, and I hope that you all were able to capitalize on the opportunities that were presented to us.

We started the day with $SPY trading at $468.38, displaying relative strength at open, but minimal confidence in general market conditions as $SPY was down for the large majority of the pre-market session. Market conditions were looking alright at open, displaying opportunities to allocate and trade in the process, but nothing that would have signified that the markets were going to continue to move up in the way that they did.

Market conditions started to heat up as $AAPL was starting to display some strength and provided us with the first signs of confidence to start the day off, and watching $AMD and $NVDA’s presentation at CES, continued and accelerated that general market momentum.

The only time we saw $SPY slow down, was leading into the lunchtime lull, but in reality, the roughly $0.75 drop for $SPY, in comparison to the overall movement was insignificant.

We watched as $SPY continued to rip and rally throughout the trading day, pushing past the previous high of the year, and rallying the entire day. I wish there was more to say, but it is hard writing this report when there is no general shift in movement in the markets but we only continued to move up.

There was some other interesting movement outside the general movement we saw on $SPY, but realistically, in comparison to $SPY, there were only two other major moves that were honestly worth talking about. $NVDA made a new all-time high, and Boeing had a difficult time trading as a result of the 737 MAX issue and fell harder intraday when they found more loose bolts. The $NVDA all-time high was very significant as we watched as $NVDA pushed over $30, making an official 52-week high into close, trading at $522.75, and making a new 52-week high during the after-hours session, and $BA dropped $20, or roughly 8% with many opportunities to get burnt on an intraday basis if you were attempting to trade.

Outside of $BA, it was honestly an extremely easy day for the general markets that provided us with many great opportunities to trade and realize some gains.

We ended the day with $SPY trading at $474.60, up $6.68 for the day, or up approximately 1.43%, with an intraday bullish movement of roughly 1.3%. It was a beautiful day for the markets with continued bullish momentum and watched as $SPY broke through major resistance levels towards the upside to display strength and confidence in these market conditions. Hopefully, you all were able to realize a significant amount of gains as $SPY has continued to push, and we realistically will come to test new 52-week highs, before ultimately breaking through all-time highs assuming market conditions continue to display strength.

This is going to be another great and interesting day for the markets, so let’s make the most out of the opportunities that are presented to us and realize some significant gains in the process!

Thoughts & Comments for Today, 01/09/2024

Today should be another interesting day for the markets. There has been a slight bearish movement during the pre-market session, and $SPY is down slightly at the time of writing this report, but it is nothing that brings any sort of fear into the markets. We are still at a point of confidence and $SPY is displaying strength.

The one thing that I want to drive home right now is to tread lightly on these market conditions, but look to maximize the opportunities that are available in these market conditions. Many people are going to be able to realize a significant amount in these market conditions, but it is just a matter of how traders navigate these conditions because we are going to see strength, but difficulties in navigating these conditions with confidence and consistency.

Continue to practice safe risk management, and simply follow the market momentum and trend. This is an amazing time to simply have strong allocations in the markets and capitalize on this general market confidence with consistency. I would advise that it would be significantly easier to simply relax and hold strong positions, versus actively trading and scalping, but at the same time, there will be many opportunities to scalp and trade throughout the day. But realistically, active management versus passive winning, there is no way to compare the two. Winning without putting in effort always feels the best.

Just prepare for choppy and confusing market conditions. We are seeing strength in the markets, mostly as a result of yesterday, but because of the strength that was displayed, many people are generally confused about the market sentiment and will not know how to allocate. My recommendation if that is your scenario is to gauge the timeframe you want to allocate into the markets and allocate accordingly while following the market momentum. If you are looking for a quick trade and scalp opportunity, follow the money, look where people are trading, and follow the momentum. If you are looking for an investment, look for a company that is fundamentally solid, but is having short-term issues impacting the current price they are trading…. (BOEING).

I just want to touch on $BA again, just continue to be careful with Boeing at the moment. There is still a lot of uncertainty with the direction of the stock and there are going to be many opportunities to trade it with confidence, but it is just a matter of how far down will it go before it starts to display strength on a larger scale. The FAA is still conducting investigations on these aircraft where they are going through testing processes, and as a result, we will see more faults with more planes, which will be an easy fix, but it is just a matter of catching those planes in the short term before $BA can start to move back up with confidence. I would not allocate long in $BA until next week just for safety's sake. There are going to be a lot of people who will realize losses by allocating into $BA too soon, so rather allocate later, and pay a higher price for your positions with confidence, than gamble and allocate early, to lose money and get burnt in the process.

For my allocations today, I am extremely excited to allocate long in the markets and day trade towards the upside. This is going to be one of those days that I do believe that day trading will be more favorable than scalping, but scalping will always present opportunities on an intraday basis. I’ll look for opportunities that are available to scalp, but I want to hold some solid equity and watch the overall market momentum. I believe many of these consumer electronic companies should do very well today with CES being live, and I anticipate capitalizing on that momentum. I will not be actively allocating into $BA anytime soon, but if there is a scalping opportunity that is presented with $BA, I will look to take advantage of that opportunity.

Just continue to be smart in these market conditions, practice safe risk management, and maximize your potential to realize gains, this should be a fun day for the markets, so limit your downside risk, and make the most out of today!

If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.

HaiKhuu Proprietary Algorithm Report:

Yesterday was a great day for the markets and we saw a significant amount of bullish movement with our long-term portfolio and base algorithm. It is unfortunate that the underperformed slightly in comparison to $SPY, but at the same time, it is difficult to replicate the results when $NVDA was up $30 and there was no allocation into $NVDA. I would still consider yesterday a success for both of the systems, as compared to the equal-weighted $SPY portfolio, the systems did well and outperformed.

The results of yesterday are as follows:

Baseline:

$SPY: +1.32%

Our Results:

Long Term Portfolio: +1.17%
Base Algorithm: +0.95%
Variable Sector Neutral: +0.53%
Variable Market Neutral: +0.32%
Sector Neutral: -0.23%
Market Neutral: -0.45%

DISCLAIMER - This is not financial advice. Utilize these trades with caution. These predictions are generated via our proprietary trading algorithm without taking into account market conditions, news, or any external biases. This is not a signal to buy or sell any equities, and we do not guarantee success. Take these at your own risk.

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, $NVDA, $BA , $MSFT, $AMD, $TSLA, $ARM

Position Opportunities:

Follow the market momentum
Take profit on positions
Limit your downside risk

LONG OPPORTUNITIES:

Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $KO / $WMT
Long-Term Auto Sector - $F
Speculative Re-Entry - $DIS / $RIVN

Economic News for 01/09/2024

Trade Deficit - 8:30 AM ET
US Redbook - 8:55 AM ET
Fed’s Barr Speaks - 12:00 PM ET

Notable Earnings for 01/09/2024

Pre-Market Earnings:

Tilray (TLRY)
Acuity Brands (AYI)
TD SYNNEX (SNX)
Albertsons Companies (ACI)
MSC Industrial Direct (MSM)
Neogen (NEOG)

After-Market Earnings:

Aehr Test Systems (AEHR)
AZZ (AZZ)
WD-40 (WDFC)
E2open Parent Holdings (ETWO)
PriceSmart (PSMT)
Saratoga Investment (SAR)
SMART Global Holdings (SGH)
CalAmp (CAMP)

Wrap up

This should be a fun time for the markets as a result of the general market sentiment and the fact that $SPY is displaying a significant amount of strength. There will be a lot of opportunities that will be presented to us, just make sure to follow the market momentum, watch out for any possible shifts, and practice safe risk management. We’ve seen a beautiful movement in the markets, but now it is just a matter of navigating these confident conditions. Many people will have a great time trading today, so be one of those individuals.

Good luck trading, and let’s see what $SPY has prepared for us today!

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HaiKhuu Daily Report 01/09/2024