HaiKhuu Daily Trading Report

Good morning, and happy Friday! This week has flown by and has been an amazing time. I hope you all have been realizing gains and having a lot of fun in these market conditions because this has been a wild time with many phenomenal opportunities to scalp and trade many organizations. We have had many great winners this week including $TSLA, $SAVE, $AMD, and $NVDA. Hopefully, you have caught some of the fun plays this week, and let’s see what happens today.

At the time of writing this report, $SPY is up nicely and is testing both 52-week highs and all-time highs. It would not surprise me in the case we see another breakout soon, so continue to ride the momentum, and have an amazing time in the process!

Practice safe risk management, but let’s make some bank in these market conditions

Good luck trading today, and let’s see an all-time high today!

The updated $SPY daily levels are as follows:
Conversion Line Support: $473.45
Baseline Support: $469.60
Strong Psychological Support: $470
Daily Cloud Support: $452.67

Thoughts & Comments from Yesterday, 1/18/2024

Yesterday was an amazing day for the markets with many phenomenal opportunities to actively trade and realize a significant amount of gains in the process. I had the best trading day I’ve had so far this year, and it was extremely easy to realize a significant amount of gains. Conditions were beautiful and opportunities were plentiful. We watched as $SAVE dropped 30% from the top, literally moments after Dave Portnoy stated he entered into a position and watched as $SAVE moved up 40% from the bottom. We have seen many insane opportunities in these market conditions, and have had a significant amount of fun in the process.

We started the day with $SPY looking relatively strong opening up above the previous close, opening at $473.95. Momentum was strong early in the morning as $SPY moved up to test but ultimately rejected the $475 level multiple times early in the day, where we saw a quick dip again as Fed Bostic was speaking on the idea of starting to cut rates, but the markets were able to quickly recover, and we were presented with an amazing opportunity to scalp towards the upside.

As the lunchtime lull ended though, $SPY did start to come down from that $475 level where we continued to drop as selling volume came back into the markets, where we watched as the markets continued to sell off throughout the beginning of the afternoon, where we made the official low of the day trading at $472.42. The sentiment in real time was a terrible time when this was happening as there was not much confidence, but this provided us with what was one of the best opportunities we had to load up throughout the entire day.

During the back half of the afternoon trading session, we watched as $SPY displayed a significant amount of confidence and continued to move up accordingly at an accelerated rate. $SPY got a surge of active purchasing after 2 PM EST, and we continued to rally from the low of the day into close, where $SPY pushed up approximately $3.50 in the process and went on to make the official high of the day leading into close trading at $477.06. This was extremely unexpected and generated a significant amount of gains for many of the traders in the process.

We ended the day with $SPY trading at $476.49 after the insane rally we had at the end of the day, ending the day with $SPY up $4.20, or up approximately 0.9% from the previous close, with an intraday bullish movement of approximately $3. It was a great day for the markets with many amazing opportunities across the board. I hope that you all were able to realize a significant amount of gains with us yesterday because that was one of the best trading days I’ve had in a long time with almost no losses generated in the process. The $SAVE contracts we loaded up on at the bottom rallied up over 120% from the bottom and was an amazing time. Many of the positions in my portfolio were cut yesterday after an insane day in the markets, and I will be looking to reallocate to other opportunities in the markets soon.

Let’s see what the markets have in store for us today, and let’s end this week strong!

Thoughts & Comments for Today, 01/19/2024

Today is going to be an extremely fun day for the markets. With $SPY ripping during the pre-market session, this is bringing a lot of confidence into the markets, and with this found confidence, we can very easily break out from this point, and realize a significant amount of gains trading today. Do not fight this trend, make sure to practice safe risk management, and do what you can to maximize your profit potential at this time. Many organizations are still highly overvalued, but just because they are overvalued right now, does not mean that they cannot continue to move up. (I am looking at you $NVDA)

Be smart and rational in these market conditions, and do what you can to realize gains while there is confidence in the markets. There is going to be many phenomenal opportunities to trade, now it is just a matter of continuing to capitalize on these market conditions while we can. But realistically, we are in the middle of greed on the fear and greed index, meaning that we have not reached euphoria, which ultimately means if the markets start to break out here with some newfound confidence, we could very easily continue to break out afterward.

Despite market conditions continuing to remain confident, I would advise you all to continue to tread lightly on these market conditions and practice risk management. Many organizations will continue to go up in the short term, but that does not mean that you should not look to protect your bottom line. The individuals who are flying blind and not practicing risk management at this time may incur consistent realized gains while market conditions are optimal and continuing to move up, but once there is a single speedbump, those same individuals will have an unfortunate time and realize a significant amount of losses.

If you are attempting to trade today, there are going to be many phenomenal opportunities. You can make money both actively day trading and actively scalping. There is no specific way you should allocate today, but it all comes down to your personal trading style, and what you are the most comfortable and confident doing in these market conditions. Scalping will provide you with consistent quick wins in the markets, but day trading and holding a position for a longer timeframe while riding the general market momentum will be great. Whatever you do today, just do not fight the trend, and make sure to practice safe risk management.

For my allocations today, I will be looking out for opportunities to capitalize on the bullish momentum in the markets. I cleaned up my portfolio exiting many positions yesterday, so I am still in many equities, but I have exited many of my positions. I am currently sitting on cash that I am waiting to deploy, and as a result, will have significantly more funds available to actively scalp and trade with. I do not want to take on too much risk and exposure in these market conditions as I have already had a phenomenal start to the year, but at the same time, I do not want to miss out on the available opportunities. Watch out and tune into the HaiKhuu Trading call, as I will be watching out for scalp opportunities throughout the day and will be shouting any and all opportunities I see that I have confidence in.

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

HaiKhuu Proprietary Algorithm Report:

We are finishing up setting up the newest algorithmic system and day trading program. We have been in the process of soft-launching this newest algorithm over the previous couple of days. Expect to see a full launch of this system and the new updates to this portion of the report starting early next week! Thank you all for your patience at this time, and I am excited to see you all realize gains with our newest algorithm!

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, $SHAK, $SAVE, $TSLA, $NVDA, $BA, $MSFT, $AAPL

Position Opportunities:

Follow 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 01/19/2024

UMich Inflation Expectations and Sentiment - 10:00 AM ET
Existing Home Sales - 10:00 AM ET

Notable Earnings for 01/19/2024

Pre-Market Earnings:

SLB (SLB)
Fifth Third (FITB)
Ally Financial (ALLY)
Huntington Bancshares (HBAN)
Comerica (CMA)
State Street (STT)
Travelers (TRV)
Regions Financial (RF)

Wrap up

This is going to be an extremely fun way to end the week. Follow the market momentum, make some smart allocations, and practice risk management. Many people will be able to realize a significant amount of gains today, and many others will be upset that they missed out on opportunities. Be smart in the process, do not get greedy, and do what you can to maximize your profit potential. This is going to be a great day for the markets, so let’s make the most out of it and see a new 52-week high on $SPY and possibly an All-Time High!

Good luck trading today, and let’s end this week strong!

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HaiKhuu Daily Report 01/19/2024