HaiKhuu Daily Report - 01/23/2025
Good morning, and happy Thursday!!! Wow, this week has been flying by, and traders absolutely love these conditions. $SPY is making new highs of the year, and we are back within testing range of a new all-time high. I hope you all are excited about these market conditions, but please prepare for the worst as we are starting to see some weakness form in the overall markets. With the way that everything is sitting at the moment, we are losing significant volume in BTC, while coins like Official Trump and Melania have dropped roughly 60% in the previous 24 hours. Please continue to tread lightly due to the weakness we are seeing in the crypto markets as that sentiment can very easily come to negatively impact the underlying retail sentiment.
As I have said before, I am expecting a quick snipe in the markets that make it extremely difficult to allocate for a short period of time, but I do believe that is followed up by an insane buy-the-dip opportunity that will provide us all some insane entries.
I do have some good news. Despite this being conflicting with my previous statement, $SPY is in the process of forming a bullish TK crossover on the daily. This is not confirmed yet, nor are we seeing confidence in the reversal at the moment, but market conditions are looking strong and we might see a breakout again here in the near future due to this.
Just continue to practice safe risk management, limit your downside risk, and know there is a shark in the water right now.
Good luck trading today, and let’s see if the markets sell off!
The updated $SPY daily levels are as follows:
Conversion Line Support: $591.59
Baseline Support: $591.59
Psychological Support: $600
Daily Cloud Support: $597.01
Thoughts & Comments from Yesterday - 01/22/2025
Yesterday was a beautiful and tough day for the overall markets. Opportunities were presented for us to be able to capitalize on both directions with relative ease, but at the same time, the choppy and indecisiveness of the markets made it extremely difficult to allocate with confidence in either direction regardless though, I hope you all had a wonderful time and were able to realize some significant gains with relative ease.
So, we started the day with $SPY opening at $605.89. Conditions at open really were strong as $SPY dropped ever so slightly to make the official low of the day at $605.36 and watched as $SPY continued to go on a tear throughout the entire morning, leading into the lunchtime session and watched as $SPY went on to make the official high of the day trading at $607.82. Conditionally, at the top, traders should have had zero issues realizing gains but allocating at the top was the tough part.
Market conditions slowed down and we consistently remained within the same range, not really providing us with many great opportunities to trade, but thankfully, all of the early morning gains were not instantly lost in the afternoon.
We did watch as markets did get slower in the afternoon, dropping off slightly, but thankfully, nothing of any major significance was lost but the majority of the intraday gains were sold off completely by close, but the overall gains still remained. We eventually ended the day with $SPY trading at $606.44, up $3.40 for the day, or up roughly 0.6%. I will say that conditionally, everything could have been significantly better, but I would still call that a great win for the day overall. On an intraday basis, though, $SPY did remain relatively neutral, gaining $0.50 from open to close or less than 0.1%, but regardless, it is life and the markets. Hopefully, you all were able to capitalize on the general market momentum and opportunities presented to us because I know for a fact many of us had a great time. So, let’s see what happens today and have some fun in these market conditions!
S&P 500 Heat Map - 01/22/2025
Thoughts & Comments for Today - 01/23/2025
Today should be a confusing day for the markets, mostly with the ongoing sentiment. I am not attempting to be bearish or cause any sort of panic, but I will say that I am concerned about the market conditions, at least here in the short term. With the way that everything is looking right now, I am expecting to see a significant amount of difficulty in the markets, mostly stemming from cryptocurrency sentiment, but at the same time, with what I have been saying over the previous couple of days, I am expecting to see a significant drop and movement in the markets that make it extremely difficult to be able to capitalize and realize gains with confidence over the next couple of days and possibly weeks. Please continue to tread lightly, prepare accordingly for the future, and practice safe risk management.
One thing I will take a little bit of time to talk about this morning, though, is historically how the markets have moved through the previous Trump presidency. During the back half of his presidency, one thing that I was able to note about the general market movement is that the large majority of the movements that happened under his tenure happened while the markets were technically “closed,” meaning they would happen either in the pre-market or after hours session, making it harder for traders to be able to capitalize on the intraday basis. Conditions were extremely choppy, and it was difficult to allocate with confidence in either direction, as there were such large directional moves that happened without the ability to adjust and prepare. Allocating on an intraday basis will be tough, mostly if conditions are choppy and there is no direction to the madness
Just continue to practice safe risk management and have cash ready to allocate. I know that I personally am purchasing a lot of long positions in my forever portfolio, but at the same time, I am in a place where, realistically, I am going to be starting to prepare to allocate more when the markets inevitably dip. I have a couple of organizations that I am in right now and a couple of organizations that I am waiting on entering, so just remember that the timing of an entry is almost as important as the position itself. So enter when you have the confidence, but prepare accordingly and practice risk management. You cannot allocate tomorrow if you lose everything today.
For my allocations today, I will say that I do intend to be relatively more passive in these current conditions. I do not like the way that BTC is acting, and with one of my largest positions being in a crypto miner, that does not bode well for me. This is obviously not ideal, but it is simply just life, and I will do what I can to find some solid trades and opportunities for you all today!
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, $INTC, $DG, $GRYP, $TSLA, $RIVN, $MSFT, $NVDA, $AMD, $META
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 01/23/2025 (ET):
Initial Jobless Claims - 8:30 AM
Notable Earnings for 01/23/2025
Pre-Market Earnings:
GE Aerospace (GE)
American Airlines Group (AAL)
Freeport-McMoRan Copper (FCX)
Huntington Bancshares (HBAN)
Texas Capital Bancshares (TCBI)
Elevance Health (ELV)
Union Specific Corp (UNP)
Alaska Air Group (ALK)
McCormick & Company (MCK)
First BanCorp (FBP)
After-Market Earnings:
Texas Instruments (TXN)
Intuitive Surgical (ISRG)
CSX Corp (CSX)
Associated Ban-Corp (ASB)
East West Bancorp (EWBC)
Sallie Mae (SLM)
First Financial Bancorp (FFBC)
SB Financial (SBFG)
Byline Bancorp (BY)
South State Corporation (SSB)
Wrap up
Hopefully, market conditions continue to remain favorable for us, but please continue tot read lightly knowing that market conditions are displaying short term weakness right now, as sell as larger scale sentiment. Make sure to practice safe risk management, and just make some smart decisions today. I think some serious losses can be generated today, so please protect yourself.
Good luck trading, and let’s see where $SPY takes us!