HaiKhuu Daily Report - 01/10/2025
Good morning, and happy Friday!!! I hope you all are rested up from partying hard yesterday and ready for a pretty fun day. Markets are looking exciting at this level, as traders are becoming more optimistic about the level we are currently displaying on $SPY.
Conditionally, we could be significantly better, but at the same time, with the way the markets are setting up, we could see some fun bullish momentum. Just continue to tread lightly on these market conditions because, genuinely, anything can happen over the next couple of days, and we are going to see a significant amount of volatility as a result.
We just have to survive today and next week until the inauguration happening on the 20th; then, I believe it will be smooth sailing for a little bit before the markets do, unfortunately, drop. So, continue to capitalize on these market conditions and enjoy the opportunities available right now because, situationally, these conditions will not last. So enjoy it while you can, and realize some gains!
Good luck trading today, and let’s watch $SPY break out!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $591.49
Baseline Resistance: $594.79
Psychological Support/Resistance: $590
Daily Cloud Resistance: $589.65
Thoughts & Comments from Yesterday - 01/08/2025
Wednesday was a tough day for the overall markets. There were no great opportunities to trade with confidence, as many people were faked out by FOMC minutes, but opportunities were presented. Conditions were difficult to navigate as a result of the ongoing choppy conditions, but thankfully, we all should have survived and realized gains in the process!
So, we started the day with $SPY trading at $588.77. Conditions were mild at open as that is pretty much where we closed the day prior and we watched as $SPY chopped around, going on to make a relative low around $587, before watching us rally leading into lunch, rejecting the $590 resistance point. After rejecting that level, $SPY did quickly reverse and sell off, leading into FOMC minutes, making the official low of the day at $585.20, down slightly from the previous low but stinging people in the process.
Thankfully, once minutes were released, we watched as $SPY continued to move up as everything from minutes came back as expected, and we watched as $SPY went on and rallied to the official high of the day trading at $590.56.
The back half of the afternoon was relatively slow and unfortunate though, we watched as $SPY lost a small portion of the gains and essentially just chopped around for the rest of the trading day, where we ended the day with $SPY trading at $589.49, up $0.86 for the day, or up roughly 0.15%. I will say that it was a tough day to navigate, with opportunities presented to us. Still, despite the choppy opportunities, there were no great opportunities outside of a single dip to trade with confidence.
Let’s see what today has in store for us, and have some fun in the process!
S&P 500 Heat Map - 01/08/2025
Thoughts & Comments for Today - 01/10/2025
Today should be a fun one for the markets. Traders are excited to trade again after the day off; people should be optimistic and everything will be a great time. Market conditions have been relatively rough around the edges, but that is just life. Opportunities will constantly be available to us, but now it is just a matter of doing so and making the most out of the situation. I still believe that markets will remain strong over the next couple of days, but I am still expecting choppy conditions that will make it tough to trade with confidence.
So if you take anything away from this report. Trade and realize gains today because who knows what will happen here in a couple of weeks. There will be a significant amount of uncertainty and confusion, resulting in difficult trading conditions but amazing opportunities. The inauguration is on the 20th, and it will genuinely be a toss-up for where the markets ultimately take us, so this is just a warning that, again, make the most out of today and tomorrow because markets are about to get significantly more volatile for a short period of time and become more challenging to navigate with relative confidence.
If you could not tell, I am also going to warn you about practicing safe risk management. In choppy conditions, you will see many great scalping opportunities, but you have to be extremely quick with your position and take profit as soon as you can. Things are obviously a little different if there is a large directional move, but assuming that conditions remain choppy today, I am expecting to see many individuals who are trading things like 0-DTE contracts have a difficult time. I am not saying that you will not be able to make money because you guys are going to realistically print money. But at the same time, the choppy market conditions make it difficult to trade with comfort and confidence. Many people are going to get caught as a result of the chop, so be quick with your trades, mostly if the markets are choppy.
For my allocations today, I do intend on actively scalping when I am confident doing so, but I do not want to take on a significant amount of risk. I will scale into my positions accordingly and take relatively smaller wins and smaller losses (assuming something doesn’t go my way). I am not attempting to make any sort of life-changing money while trading today, but I will do what I can to make some great plays and let you all know what I end up getting! Most likely, there will be equity plays, but we will see. If there are strong opportunities to grab some 0-dte contracts, I’ll let you all know when I am confident doing so!
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, $NVDA, $TSLA, $GRYP, $INTC, $DG, $BA, $RIVN, $AMD
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $BA / $RIVN / $DG
Economic News for 01/10/2025 (ET):
Employment Report - 8:30 AM
Unemployment Rate - 8:30 AM
Hourly Wages - 8:30 AM
Consumer Sentiment (Prelim) - 10:00 AM
Notable Earnings for 01/10/2025
Pre-Market Earnings:
Delta Air Lines (DAL)
Wrap up
This should be a great day for the markets with opportunities consistently presented to us. Please be careful and tread lightly as I am expecting to see choppier market conditions, but at the same time, opportunities will consistently present themselves for us to be able to realize gains. So take advantage of these conditions and realize some gains as there is uncertainty in the near future. So make the most out of the time we have together, and have a great time in the process!
Good luck trading, and let’s end this week strong!!!