HaiKhuu Daily Report - 01/13/2025
Good morning, and happy Monday! I hope you traders enjoyed a wonderful weekend and are ready for an interesting week for the markets! At the time of writing this report, we are starting to see weakness in both the equity markets and cryptocurrencies, which is a terrible sign here in the short term. Still, we are seeing some great opportunities starting to pop up across the board. We are at the lower end of fear on the fear and greed charts, so please prepare your portfolio accordingly, as I believe we will have an amazing opportunity to trade and allocate long into the markets. But now, it is just a matter of continuing to remain strong and diligent. Earnings season is about to start, so expect some wild volatility leading into earnings.
We have to survive less than a week until the inauguration on the 20th. So enjoy the rest of this week, as conditions will get significantly more challenging to handle in the short term. I am not expecting a significant movement in the markets as a result of the inauguration, but at the same time, we are due for a breakout with the way the markets are set up right now. So be on the lookout and simply prepare accordingly!
Good luck trading this week, and let’s realize some gains!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $589.13
Baseline Resistance: $593.81
Psychological Support: $580
Daily Cloud Resistance: $584.75
Thoughts & Comments from Last Week
Last week was an interesting time for the overall markets. It was a shortened week as a result of Jimmy Carter’s National Day of Mourning, and we watched as market conditions were extremely bearish and tough to navigate but provided us with some amazing opportunities to trade and realize gains. Hopefully, you all enjoyed last week with us, as we had many great plays that absolutely popped off!
So, we started the week with $SPY trading at $596.13. Conditionally, we were looking relatively weak with $SPY opening below that $600 resistance level, but we watched as $SPY continued to trickle up early Monday morning and went on to reject $600 before watching as that was the start of the downturn. Conditions were not bad but they were not great as we watched the markets drop from the top on Monday, slid throughout Tuesday, and finally found some support at the $590 level on Wednesday.
Conditions still were not the best as we did continually sell off, making new lows in the process and watching as $SPY displayed weakness, but thankfully, we got a break from the stress on Thursday as markets were closed, and watched as markets opened on Friday, with traders extremely excited and optimistic.
Friday… was an interesting day. We were looking confident leading into the pre-market session, but that is where everything went south, and went south quickly. $SPY dropped from the $590 support level and opened the day trading at $585.80. Conditions at open were weak, and they only got worse throughout the day. $SPY dropped right from open, going on to make a relative low trading at $580 before quickly bouncing, providing traders with confidence, before getting smacked right back down, and watched as $SPY went on to make the official low of the day, and low of the week trading at $578.57. We did watch as the markets bounced slightly, moving back up to test $585, but unfortunately watched as the markets sold off once again leading into close, where we officially ended the week with $SPY trading at $580.49, down $9 on Friday, and down roughly $16 for the week, or just shy of 3%.
It was a tough day for the overall markets as conditions really were not the best, but that is just life and the markets. Hopefully, you all were able to capitalize on the market conditions of last week. We had some absolute bangers come out, with $AIFF ripping almost 300% on Friday and $GRYP ripping 70% on Friday. So congratulations again to everyone who was able to capitalize on the strength in the markets despite the overall weakness, and congratulations to everyone who was able to make the most out of the conditions! It will be fun to see where the markets go this week, so let’s have an amazing time and realize some gains!
S&P 500 Heat Map - Last Week
Thoughts & Comments for Today - 01/13/2025
Today is setting up to be a rough day for the overall markets. With the way that things are sitting right now, we have just broken below the daily cloud support, are at the lower end of fear on the fear and greed index, and are watching as market conditions continue to get weaker in the short term. This is obviously not ideal for the large majority of people, but for those who have been simply sitting to the side and looking for opportunities to allocate capital, prepare accordingly as your time is coming.
I just want to warn you all again about these market conditions. With the significant strength we have seen over the previous couple of months, we are due for some minor weakness. The levels we are seeing at the moment are not ideal, particularly as we have come down significantly from the top, but at the same time, we are seeing strength in the overall markets. The fact that we are saying that $570 is a terrible level is an amazing sign for the markets. We have come extremely far from where the markets were this time a couple of years ago, but at the same time, we are seeing weakness that should be heavily considered for safety.
Please just continue to practice safe risk management,t and prepare accordingly. We have the inauguration next week, meaning that this week is going to be filled with significant confusion, and next week is going to be even more confusing. I am not expecting to see a significant movement in the markets as a result of the current conditions, but I am expecting a significant movement as a result of the underlying volatility events that we are leading into. So again, prepare your portfolios accordingly and do what you can to strengthen not only your cash holdings but your portfolio to prepare to allocate and rotate when the time is right.
I will say that I am preparing my portfolio accordingly to allocate over the next couple of weeks and will be looking for great opportunities to take advantage of the conditions, but I do not want to allocate too quickly as there will be a lot of underlying risks involved with blindly allocating into organizations at the current level.
For my allocations today, I will say that I do intend to remain more passive. That is not due to ongoing market conditions nor the fact that I am preparing to allocate long, but after a wonderful week and confusion in the markets, I am conflicted about how I want to allocate. I want to purchase many things at a steep discount, but at the same time, with the weakness that is being displayed in the markets, I am not overly ambitious to purchase, as I think we are going to see better deals present themselves over the next couple of days.
But just continue to prepare accordingly for a buy-the-dip opportunity because we will continue to dip until the markets blindside us and start to rip and rally again. The question is, does that happen today? Does it happen tomorrow? No one seriously knows. But once the markets show signs of a reversal, make the most of it, as I believe it will be a face-ripping rally after.
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, $TSLA, $NVDA, $INTC, $DG, $RIVN, $AIFF, $AMD
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $BA / $RIVN / $DG
Economic News for 01/13/2025 (ET):
Monthly Federal Budget - 2:00 PM
Notable Earnings for 01/13/2025
Pre-Market Earnings:
No Earnings Scheduled
After-Market Earnings:
KB Home (KBH)
Aehr Test Systems (AEHR)
Wrap up
Hopefully, this week flies by and provides us with some amazing opportunities to trade and realize a significant amount of gains. Please, just again, be careful and practice safe risk management. These conditions are going to be tough to navigate, but they provide us with some amazing opportunities to realize some gains. Prepare to allocate when the markets have more confidence and just continue to take advantage of these conditions.
Good luck trading, and let’s start this week strong!!!