HaiKhuu Daily Trading Report

Good morning, and happy Friday! This has been a wild week for the markets as $SPY is up nicely and is actively testing all-time highs. Market conditions are extremely strong, and many people are going to be able to realize a significant amount of gains today. There is an extremely high likelihood that we make a new all-time high today, so look to follow the general market momentum, and take advantage of the opportunities!

Let’s end this week strong with some realized gains, and capitalize on all of the opportunities where possible!

Good luck trading today, and let’s see a new All-Time High on $SPY!

The updated $SPY daily levels are as follows:
Conversion Line Support: $497.11
Baseline Support: $486.69
Major Psychological Support: $500
Daily Cloud Support: $468.96

Thoughts & Comments Yesterday, 02/15/2024

Yesterday was a great day for the markets. $SMCI broke over $1,000, we saw beautiful bullish momentum in $TSLA but watched as many of the major tech organizations were down. The recovery back above $500 was easy, and we pushed with strong bullish momentum in the markets.

We started the day with $SPY opening at $499.32, up from the previous close, and displayed significant strength at open. Markets quickly rallied up to test and break through $500 for the majority of the morning, consistently chopping at that level for the first half of the trading day. We did see a quick dip to see $SPY made a low of the day trading at $498.80 during the lunchtime lull, but market conditions were not anything crazy.

During the afternoon though, market conditions strengthened as $SPY did have consistent bullish momentum. The momentum was nice, and it provided us with a lot of confidence in the process of everything. We watched as $SPY made the official high of the day trading at $502.20 leading right into power hour, and watched as $SPY ended the day trading at $502.01, up $3.44 from the previous close, or up roughly 0.7%. There was an intraday bullish movement of $2.69 and presented us with many opportunities.

This is a stock pickers market, if you entered into major tech, you had a difficult time, but entering into $TSLA, $META, $SMCI, or almost anything else, you would have been able to capitalize on some beautiful bullish momentum. Let’s see what the markets have in store for us today, and make the most out of these opportunities!

Thoughts & Comments for Today, 02/16/2024

Today is going to be a fun day for the markets. There is an extremely high likelihood that we will make a new all-time high on $SPY, and riding the momentum is going to be extremely profitable for the majority of traders. Hopefully, you all have been listening to what we’ve been talking about, because the two moves I’ve been talking about recently were an allocation in $RIVN and an allocation into Chinese equities. Both have been phenomenal plays after entry, and I just want to make sure that everyone can realize some gains. At the time of writing this report, $SPY is testing an all-time high, $BABA is up over 3%, and the $RIVN leaps we grabbed are up over 15%.

My suggestion for you all is to continue to look for opportunities to scalp and trade in these market conditions because opportunities are going to be presented to you consistently, but look more to simply buy and hold extremely undervalued positions. Looking to buy deep-value in these market conditions is one of the safest ways to navigate the markets, and I would make sure that you can consistently profit with low risk, mostly in these conditions. I’ve personally been allocating more to long-term positions that I am confident in.

The majority of my allocations right now went extremely quickly from simply holding cash, to now I’ve allocated heavily into many organizations on that dip buying opportunity. I’ll start to scale out of my positions when I have an opportunity to do so, but I am in no rush because I have a lot of conviction in the allocations I’ve selected, and they all will need time to brew before I take profit.

The main focus you all should have in these conditions is to look to snipe positions that you have conviction in and find organizations that give you an opportunity to buy value in the markets and simply hold. Find value, buy value, and hold versus attempting to speculate and gamble, mostly in these conditions.

I’ll let you all know in real-time when I start entering in the HaiKhuu Discord.

HaiKhuu Proprietary Algorithm Report:

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, $BABA, $RIVN, $BIDU, $FXI, $SMCI, $NVDA, $DKNG

LONG OPPORTUNITIES:

Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $KO / $BA
Speculative Re-Entry - $DIS / $RIVN

Economic News for 02/16/2024

Core PPI (MoM) - 8:30 AM (ET)
Core PPI (YoY) - 8:30 AM (ET)
Housing Starts - 8:30 AM (ET)
Michigan 1-Year Inflation Expectations - 10:00 AM (ET)
Michigan Consumer Expectations - 10:00 AM (ET)
FOMC Member Daly Speaks - 12:10 PM (ET)

Notable Earnings for 02/16/2024

Pre-Market Earnings:

AdvanSix (ASIX)
Air Canada (ACDVF)
Cinemark Inc (CNK)
Liberty Broadband (LBRDA)
TreeHouse Foods (THS)
Barnes Group (B)
DT Midstream (DTM)
Healthcare Realty Trust (HR)
Liberty Broadband (LBRDK)
Portland General Electric (POR)
PPL Corporation (PPL)
TC Energy (TRP)
Vulcan Materials (VMC)
Liberty TripAdvisor Holdings (LTRPA)

Wrap up

This should be a fun time for us, let’s watch as the markets break out and take advantage of the opportunities that are presented to us. Lots of people are going to end this week strong and realize a significant amount of gains, so let’s have a great time, and make the most out of these strong market conditions! As always, practice risk management and do not be greedy!

Good luck trading, and let’s end this week with a new $SPY All-Time High!

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HaiKhuu Daily Report 02/16/2024