HaiKhuu Daily Report 01/24/2024

Good morning and happy Wednesday! Markets are looking extremely strong at the moment as at the time of writing this report, $NFLX is up 10% and is trading at $540, and $SPY is trading above it’s all-time high. Current conditions are looking amazing, and this is setting up to be an amazing day for the markets. I hope you all are doing well and are extremely excited for today. There are going to be opportunities that will consistently present themselves, so look for the opportunities that will be available to us, and take advantage of these extremely strong market conditions.

Practice safe risk management, but maximize the amount of gains that you will be able to generate today. Do not fight the momentum, and ride the trend.

Let’s have some fun today!

Good luck trading, and let’s see what $SPY does when markets open!

The updated $SPY daily levels are as follows:
Conversion Line Support: $478.49
Baseline Support: $476.77
Psychological Support: $480
Daily Cloud Support: $458.79

$SPY Daily Candles - [01/23/2024]

Thoughts & Comments from Yesterday, 01/23/2024

Yesterday was a relatively tough day for the markets. Markets were green both on an overall basis as well as intraday movement, but it was difficult to capitalize on the market conditions with confidence. We saw strength in the markets, but weakness with the intraday momentum. Thankfully, we did watch as the markets moved up and provided us with opportunities to trade in the process. Many people were able to realize a significant amount of gains while trading yesterday, and I hope you all had an amazing time!

We started the day with $SPY opening slightly green from the previous close at $484.07. Conditions were relatively neutral around open, but we did watch as we chopped around the open price for the first hour until we watched as $SPY started to come down and sell off slightly leading into the lunchtime lull. Momentum was weak in the markets as the selling was relatively insignificant, remaining in a tight range from open. During the lull, we watched as $SPY made the official low of the day trading at $482.89. The selling was difficult as there was no significant bullish movement from open, but it was realistically insignificant, as $SPY was down only about $1 from the open price.

Thankfully, as people were coming back into the markets after the lull, we watched as there was a shift in the general market momentum as they were actively purchasing in the process and were moved up accordingly as a result. There was weak bullish momentum at the beginning of the afternoon, but all of the losses that were generated were quickly recovered as $SPY came back up to the open price and continued to hover around $484 for the large majority of the afternoon. Markets were relatively uneventful up to that point remaining within a $1 trading range but did thankfully lead into power hour, we watched as the markets moved up accordingly, and presented us with what was a great opportunity to trade as there was some bullish momentum.

During power hour, $SPY continued to move up accordingly and displayed relative strength in the process. There was not a significant movement up in the markets, but $SPY did move up with some quick bullish momentum as we continually made new highs of the day in the process. We went on to make the official high of the day leading into close, with the official high being $SPY $485.10. It was a great opportunity to simply ride the reversal from the bottom and hold into close, but as I said before, the movement into close was relatively significant. $SPY ended the day trading at $484.86. Up $1.41 from the previous close, or up approximately 0.3%, with an intraday bullish movement of $0.81.

It was overall a tough day to trade, but opportunities were consistently presented to us in the process. Hopefully, you all were able to capitalize on the opportunities available, and hopefully, you were able to realize some gains while trading or being allocated long into $NFLX!

Let’s see what the markets have in store for us today, and hopefully, there will be significantly more confidence in the process!

Heatmap - $SPY 01/23/2024

Thoughts & Comments for Today, 01/24/2024

Today is setting up to be an amazing day for the markets. During the pre-market session market conditions are looking extremely strong and we are currently trading above the previous all-time high at the time of writing this report. Everything is looking exceptionally strong and $NFLX is looking amazing. There are going to be many opportunities to trade, and even more opportunities to realize a significant amount of gains. As I have been saying, make sure to practice risk management, and follow the trend, but look to take on a little bit of extra risk today to maximize the amount of gains you can generate.

I would not be overly bullish, and I would not consider being bearish at this point. The hyper bulls can have some fun in these market conditions, but be diligent and allocate accordingly. There are going to be safer places to allocate your money, but as I have said before, look to take on some risk in these conditions, but make sure you are setting up the parameters for your trades before allocating. Make sure to understand how much you want to allocate, and allocate accordingly when you have the comfort and confidence to do so.

A couple of organizations I am interested in playing today are $DIS and $LCID. $DIS is a play that I am interested in after the result we’ve seen with $NFLX. I do not believe that $DIS is fully a media company the same way that $NFLX is, but I believe there is an extremely high likelihood that people will allocate to $DIS today as a result of the run-up we’ve seen with $NFLX, and $DIS will get a sympathy move that we can easily catch on an intraday basis. $LCID on the other hand is an extremely risky position that will easily burn money, but it does have a significant upside potential from here. I am not comfortable holding Lucid at all because I am not comfortable with the performance of their equity, nor do I have faith in their ability to sell vehicles, but they have come down extremely heavily over the previous month and have made an all-time low trading at $2.54, and have started to show signs of a reversal. We are back above the daily conversion line and are starting to display relative strength from the bottom. This is a complete gamble play on a possible bounce on the organization, and I would not recommend that people enter into $LCID blindly. There is a high likelihood that $LCID continues to bounce and move up in these current conditions, and that is what I am trying to catch. Again, this is an extremely risky play, and in my opinion is an educated gamble simply on the price action of the stock. I would not recommend allocating into $LCID, mostly with my sentiment right now, but if you are looking to take on some risk in these market conditions and allocate into an organization that has been hemorrhaging, but starting to show signs of a reversal. Look into $LCID, it can easily move back up to the $4-5 range, and just needs some good news or outside funding at this relative bottom to quickly bounce and move up accordingly.

Just continue to be smart and look for opportunities to find value in the markets, and to allocate when you have the confidence to do so. If you find any positions that you believe have potential, or are looking for something that does have potential, come to the HaiKhuu Discord and post the positions in real-time so everyone can capitalize on the opportunities!

For my allocations today, I am extremely interested in allocating long in the markets and will be looking to ride the momentum wherever possible. There is short-term confidence in the markets after the movement up we have seen with $NFLX, and that confidence has driven $SPY to all-time highs. I believe that there will be many amazing opportunities that are presented to us on an intraday basis and catching those plays either via an active day trade or scalp, will provide you with realized gains with ease. I will be looking to increase my risk in the markets today by allocating heavily into many positions throughout the day, but will also be looking to limit my risk in the process by making sure to set stops in place on any of the allocations that I enter into. I believe that increasing risk and exposure will generate a significant amount of realized gains while attempting to trade today, but it is just a matter of limiting the downside risk you are taking.

Make some smart positions today, and just limit your downside risk where possible. Many traders are going to be able to realize a significant amount of gains with ease today, so it is just a matter of whether you can do it with confidence and consistency, or if you are lucky in the process.

Be smart, be safe, and let’s have a great time trading today.

HaiKhuu Proprietary Algorithm Report:

Stats of Yesterday:

Total Positions Taken:

• 42 Positions

  • 15 Long

  • 25 Short

Largest Win:

• $BEN - Short

  • Took profit @ +1.85%

Largest Loss:

• $CGTR - Long

  • Stopped out @ -1.68%

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, $NFLX, $DIS, $RIVN, $BA, $TSLA, $NVDA, $SHAK

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/ $BA

• Speculative Re-Entry - $DIS / $RIVN

Economic News for 01/24/2024

• S&P Services/Composite PMI Flash - 9:45 AM ET

• 5-Year Note Auction - 1:00 PM ET

Notable Earnings for 01/24/2024

Pre-Market Earnings:

• AT&T (T)

• ASML Holding (ASML)

• Progressive Corp (PGR)

• Abbott (ABT)

• Freeport-McMoRan (FCX)

• Amphenol (APH)

• Kimberly-Clark (KMB)

• Elevance Health (ELV)

• SAP SE (SAP)

• General Dynamics (GD)

After-Market Earnings:

• Tesla (TSLA)

• International Business Machines (IBM)

• ServiceNow (NOW)

• Lam Research (LRCX)

• Seagate Tech (STX)

• United Rentals (URI)

• ResMed (RMD)

• Crown Castle (CCI)

• Ameriprise Financial (AMP)

• CACI International (CACI)

Wrap up

This will be a fun day with the general market strength and opportunity that is available to us. Look to maximize the available opportunities, follow the general market momentum, and realize as many gains as possible. Many are going to do phenomenally in these market conditions, so let’s have a great time in the process. Make sure to practice safe risk management and have some fun!

Good luck trading, and let’s see how high $SPY pushes from here!