HaiKhuu Daily Report - 01/24/2025
Good morning, and happy Friday!!! Wow, these market conditions are AMAZING. $SPY has officially made a NEW all-time high, market conditions are extremely strong, traders are optimistic, and we are about to have a LOT of fun! $SPY is continually moving up, which is impressive, but now the question is how far up the markets go and how strong these conditions are. We are still seeing general signs of weakness in the markets, but as I said over the previous couple of trading days, that momentum can very quickly shift, and it has almost to a T. We went from showing signs of weakness and concern to going on and watching as $SPY make it’s all-time high yesterday.
So, regardless of what you ultimately do and deciding where to allocate, please tread lightly, practice safe risk management, and limit your downside risk.
Conditions could be significantly better, but again, it’s simply life and the markets, so let’s see what happens today and make the most of it!
Good luck trading today, and let’s see what the markets have in store for us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $592.55
Baseline Support: $592.55
Psychological Support: $600
Daily Cloud Support: $601.03
Thoughts & Comments from Yesterday - 01/23/2025
Yesterday was an absolutely amazing day for the markets. Still, it is interesting to see that with the way the heatmap looks, it would not seem like the “type” of day that would have resulted in a new all-time high, but regardless, it happened. Opportunities will consistently be amongst us to actively trade and realize a significant amount of gains with relative ease.
So, we started yesterday with $SPY, opening the day trading at $605.82, down slightly from the previous close, but watched as the la;rge majority of traders were not comfortable nor confident, but despite this, conditions were extremely favorable and provided us with some great opportunities. We watched as $SPY did drop slightly, going on to make the official low of the day trading at $605.54, but that is fine as $SPY continued to rally beautifully after the first hour, where leading into lunch, $SPY rallied and made a relative high trading at $607.65.
We chopped around during the afternoon but did watch as $SPY broke out once again towards the back half of the day, making a new high above $608, but we kinda trickled down and chopped around for the rest of the day, not having any significant movements or anything substantial happen.
Then…. the final 15 minutes of the day happened, and $SPY quickly rallied into close where we went on and made a NEW all-time high, broke above the previous point, and watched as $SPY ended the day officially at the new high of day, and official all-time high trading at $609.75, where we ended the day up $3.31 or up 0.55%.
It was an amazing day for the overall marketers, with another high of day into close where that is another “perfect” day for the markets. I hope that you all had a wonderful time and were able to realize a significant amount of gains during that time. This will be a fun day for the markets, so let’s make the most out of it and have a great time!
S&P 500 Heat Map - 01/23/2025
Thoughts & Comments for Today - 01/24/2025
Today is setting up the be another fun yet concerning day for the markets. I will say, at the time of writing this report (4:30am CST), that the markets are at a point of relative confusion. We are down at the moment, but market sentiment is now strong all of a sudden. We are seeing new all-time highs forming on $SPY, BTC is looking strong, and traders are going to be optimistic going into today. So, the real question is where do we go from this level, and how large of a movement are we about to see? I think that we are going to continue to see choppy, confused, fullish momentum for the short term, at least until the markets start to display more weakness.
Take advantage of these current conditions and look to take on some risk, but at the same time, be smart with the risk that you are taking on and minimize the amount of exposure that you are taking. It would obviously be ideal if the markets continue to rally, and it would be ideal that you print money in the markets, but just please be smart, level-headed, and rational when you are attempting to trade.
One organization that is catching my eye at this point is $AAPL. With how Apple is setting up, we have seen a significant amount of downside over the previous couple of weeks. If you are looking for something that has a lot of potential to move up, watch for a bounce. Playing $AAPL here in this low $220 range, assuming you are playing equity, in my opinion,n is a relatively safer play. If you are looking to take on some risks, assuming that $AAPL does reverse today, it could be a great 0-DTE contract kinda risky day; who knows?
Just make sure that you are not passive and not attempting to capitalize on the strength in these market conditions, because obviously it would be ideal in the case that we are able to maximize our profits. It would suck losing money, but it would be worst not even being invited to the party. So show up to the party and have some fun!
For my allocations today, I do think that it would be fun to play some 0-DTE contracts. Obviously, there is a significant amount of risk that is assumed when this happens, but at the same time, we should be looking to take on some smart risk during these conditions. I am not going to be looking to make any sort of life-changing money getting a degenerate amount of contracts, but at the same time, opportunities will be presented to us to trade, and it is just a matter of continually capitalizing on the ongoing conditions and making the most of it!
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, $BTC, $GRYP, $INTC, $TSLA, $NVDA, $BA, $AAPL
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $DG / $RIVN / $BA
Economic News for 01/24/2025 (ET):
Existing Home Sales - 10:00 AM
Consumer Sentiment (Final) - 10:00 AM
Services PMI - 9:45 AM
Manufacturing PMI - 9:45 AM
Notable Earnings for 01/24/2025
Pre-Market Earnings:
Verizon (VZ)
American Express (AXP)
Ericsson (ERIC)
HCA Healthcare (HCA)
NextEra Energy (NEE)
Lakeland Financial (LKFN)
Northwest Bancorp (NWBI)
Wrap up
Hopefully, market conditions will continue to print for us, and we will be provided with some amazing opportunities as $SPY goes on to make a new all-time high. I am very excited to see how we can all capitalize on these conditions. So please tread lightly, practice risk management, do not be passive in these conditions, and make the most out of this strength. This is going to be a fun day, so…
Good luck trading, and let’s end this week strong!!!