HaiKhuu Daily Report - 01/17/2025
Good morning, and happy Friday!!! I hope you traders are ready for another fun day to end the week! This week has been absolutely flying by, but man, are we having a great time in the process! Markets have been volatile and choppy, but we have seen some beautiful strength since we sold off. Just earlier this week, $SPY broke below the daily cloud and both major levels of support. Traders were confused and scared, but as we recovered, confidence quickly came back into the markets, and we are at the lower end of fear on the fear and greed index, meaning that the markets have recovered slightly from the bottom.
It will be very interesting to see what the markets have in store for us today, as this will be the last official trading day of his presidential career. It would be interesting to see if he pushed something last minute and caused the markets to rally up significantly into close, to push some bill over the weekend, so markets rip leading into the inauguration, for everything to come crashing down on the first day for DT. Obviously, this is just a fun speculative comment… but sometimes the tinfoil hat works.
But in all reality, conditions are looking great going into today, and it would be beautiful if we watched as $SPY smashed through the next level of resistance on the daily, and we all watched as $SPY breaks out from here. So let’s realize some gains and get ready to put our past behind us!
(Also; quick reminder, markets are closed on MONDAY for MLK, and that just happens to also be the inauguration)
Good luck trading today, and let’s end this presidency strong!
The updated $SPY daily levels are as follows:
Conversion Line Support: $587.53
Baseline Support: $591.89
Psychological Support: $590
Daily Cloud Support: $587.17
Thoughts & Comments from Yesterday - 01/16/2025
Yesterday was a rough day for the markets. It was not rough due to an insane amount of bearish momentum, but it was rough due to the choppy inconsistencies. Opportunities were presented to many traders, but that chop unfortunately slaughtered some active traders.
So, we started the day with $SPY opening at $594.11. Market conditions were relatively strong as we opened slightly above the previous close, but watched as $SPY was quickly snapped back down to the $592 range and chopped around there for the entire morning, only picking up some steam leading into the lunchtime lull, where $SPY went on to make the official high of the day, only slightly higher than the open price at $594.35. Conditions were alright, but we watched as $SPY quickly reversed during the lull, displaying significant weakness in the process, and watched as $SPY went on to make the official low of the day, trading at $590.93.
After making the official low of the day, thankfully, there was slight bullish momentum where the markets recovered during power hour, only to sell off once again in the final 15 minutes of the day, where we went on and officially ended the day with $SPY trading at $591.64, down $1.15 for the day, or down roughly 0.2%.
I will say that it was again, a tough day for the overall markets, but opportunities were consistently presented to us to actively trade. Hopefully, you all were able to realize a significant amount of gains in the process, but I can say with confidence that the large majority of traders were unfortunately not able to do so. Regardless, life moves on, and so do the markets. So let's end this week strong and kick some butt today!
S&P 500 Heat Map - 01/16/2025
Thoughts & Comments for Today - 01/17/2025
Today is going to be an insane day for the markets full of opportunities. I am very excited to see where the markets take us at this point, but at the same time, we are at a place where we should tread lightly but make the most of these conditions. I do think that things are about to heat up nicely before we ultimately come crashing down, and sentiment is going to be strong and confident, mostly leading into the Trump inauguration. If you are attempting to make any trades today, please make sure to practice safe risk management and make some strong positions. Traders can very easily realize losses over the next couple of trading days, but some people are seriously going to generate some life-changing money. So please be smart and safe in these conditions, and let’s do what we can to maximize our profit potential.
For those who are wondering why I believe that the markets are going to come down, it is due to the fact that I believe that the Dems are cooking the books. This is not a political statement or something that should be interpreted for a deeper meaning; I just think that we are seeing some numbers being fluffed up to look amazing and that the US economy is worse than we are expecting, and the second that Trump gets into office, he is going to make a generalized statement about how cooked the numbers were, which is going to result in an insane drop in the markets, followed by a beautiful and ungodly return afterward. Again, that is my tinfoil hat assumption on not only the markets but the state of the economy.
I will say that general sentiment is strong, mostly with retail traders going into these next four years. I know a lot of people are unfortunately not happy with the new president-elect, but at this point, there is not much that can be done to change what is happening. at the same time, we are going to see a lot of shifts over the next four years. I'm not attempting to be political, but I think that conditions will only get significantly better over the next couple of years as Trump gets into his second term. Let America heal, let Americans grow, and let us all succeed and prosper. That will be a great time, and hopefully, market conditions only continue to get better here in the near future.
Just continue to watch out for both cryptocurrencies and American tech companies. They should do extremely well here in the near future!
For my allocations, I do want to play some 0-dte contracts today, but I want to be safe with the way that I do it and where I decide to allocate. The safeest move would obviously be to trade something like $SPY, but we will see what will happen throughout the day. We will see what the markets ultimately end up doing, and make the most out of the conditions. If a single stock looks stronger, I’ll pick the winner of the two and we roll from there!
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, $DG, $INTC, $TSLA, $RIVN, $GRYP, $NVDA, $AMD, $AAPL
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $DG / $RIVN / $BA
Economic News for 01/17/2025 (ET):
Housing Starts - 8:30 AM
Building Permits - 8:30 AM
Industrial Production - 9:15 AM
Notable Earnings for 01/17/2025
Pre-Market Earnings:
SLB (SLB)
Regions Financial Corporation (RF)
Fastenal (FAST)
Truist Financial Corporation (TFC)
Citizens Financial Corporation (CFG)
Independent Bank Corp (INDB)
State Steel Corp (STT)
Wipro Limited (WIT)
Wrap up
Hopefully, this is another quick day for the markets, and hopefully, we will see some beautiful momentum leading into the end of the Biden Markets. This should be an interesting time as the next four years are going to be filled with some wild volatility and inconsistencies that will be a lot of fun to attempt to navigate. So please continue to tread lightly, but make the most out of today and realize some gains!
Good luck trading, and let’s end this week strong!!!