HaiKhuu Daily Trading Report

Good morning, and happy Friday! This has been an amazing week for the markets and we are actively testing a NEW all-time high at the time of writing this report. $META and $AMZN are looking extremely strong as a result of phenomenal earnings with $META being up 17% pushing 15% past its previous all-time high, becoming a ONE TRILLION dollar company again. This is going to be a wild day for the markets, so make sure to follow the market momentum and do what you can to realize as many gains as possible.

Let’s end this week strong! Good luck trading today!

The updated $SPY daily levels are as follows:
Conversion Line Support: $487.61
Baseline Support: $479.40
Psychological Support: $480
Daily Cloud Support: $466.64

Thoughts & Comments from Yesterday, 02/01/2024

Yesterday was a beautiful day for the markets with a significant bullish movement we all could have very easily capitalized on. Hopefully, you all read and have been following this report, because half of the report yesterday was essentially saying buy the dip and ride the momentum, and if that is what you did yesterday, you would have had an amazing time in the process. Congratulations to everyone who realized a significant amount of gains yesterday!

We started the day with $SPY looking nice, trading at $484.60, up almost $2 from the previous close. Many organizations were down around open, but there was one of the best buying opportunities we have seen in a while. Conditions strengthened as $SPY continued to slowly move up, only coming down slightly for the lunchtime lull as $SPY made the official low of the day trading at $483.80. The afternoon was when the fun started to happen. As volume started to pick up, there was a lot of strength in the markets as we continually hit highs of the day, breaking above resistance levels, and rallying in the process. Momentum did not seem extremely strong and honestly, conditions were not perfect, but there was consistent bullish momentum where if you simply bought the dip and rode, you would have realized a significant amount of gains.

$SPY made the official high of the day leading into close trading at $489.22, which is very funny that it was almost a repeat of the performance of the low of the day on Wednesday. We ended the day with $SPY trading at $489.20, up $6.32 from the previous close or up approximately 1.3%. We had an intraday bullish movement of $4.62 and had an amazing time in the process. It was extremely easy to realize gains trading yesterday, and if you were holding and speculating on major tech, you had an even better time.

After hours, we watched as $META, $AMZN, and $AAPL moved up nicely in preparations for earnings, and looked extremely strong. $META moved up 15%, $AMZN moved up 7% and $AAPL looked great before ultimately dropping 3%.

Overall, it was an amazing day for the markets, and it will be extremely interesting to see what happens in the markets today. There is a great chance for the major indices to hit a new ALL-TIME HIGH, so let’s see what happens and make the most out of the opportunities that are available to us!

Thoughts & Comments for Today, 02/02/2024

Today should be an extremely fun day for the markets. Many organizations are up significantly as a result of this pre-market confidence. The markets realistically can continue to move up with ease in these conditions, and I am genuinely very excited to see what happens. There is new-found confidence coming back into the markets after people were fearful after a SINGLE day of bearish momentum, which realistically can cause the markets to continue to move up. I would remain cautious while attempting to trade today but know that today is going to be filled with opportunity. So ride the momentum, and realize some gains!

The reason why I would be more cautious today is because simply, the markets have moved up significantly from the relative low after tech earnings, and there is confidence that will be attempting to flood the markets again. This will be a great opportunity to trade, but difficult to allocate into. If you are attempting to capitalize on this confidence though, look for opportunities to simply follow the general market momentum, and allocate with the current trend.

The most confidence would be attempting to ride the bandwagon of $META or $AMZN, but the plays you should be looking for, are the movements with organizations that will move in sympathy to these organizations. A couple of examples of this are $GOOGL/$SNAP to move in sympathy with $META or any retail organization to follow the trend of $AMZN. This is a more speculative play, but with $META and $AMZN already moving up heavily, yes you can make money allocating into them and following the trend, but they are extremely expensive moves to attempt to get into now. You can get cheaper exposure in these other organizations, with less downside risk in the process.

For my allocations today, I will be looking for opportunities to day trade and scalp with confidence. There are not many good opportunities today to attempt to sell 0-DTE CSPs, and I do not want to purchase contracts as a result of the general risks that are involved here. I would advise you all to look into allocating to tech organizations that are trending and continue to actively day trade it throughout the day. A couple of organizations I will be watching are $RIVN and $TSLA. Both have not been positively impacted the same way we have seen many of these other major tech moves over the previous couple of weeks and have a lot of potential to have an extremely good day, mostly as market conditions continue to display strength. I am not allocating long into the markets, but again, I want to make sure I am able to capitalize on this short-term confidence in the markets. This should be a great opportunity for the markets to continually expand, and I am genuinely excited to attempt to realize gains in strong market conditions.

If you want to watch any of my allocations, they will be posted live 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, $META, $AMZN, $AAPL, $GOOG/L, $SNAP, $RIVN, $TSLA

LONG OPPORTUNITIES:

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

Economic News for 02/02/2024

Nonfarm Payrolls - 8:30 AM ET
Unemployment Rate - 8:30 AM ET
U.S. Hourly Wages - 8:30 AM ET
Factory Orders - 10:00 AM ET
UMich Inflation Expectations & Sentiment (final) - 10:00 AM ET
Durable Goods - 10:00 AM ET

Notable Earnings for 02/02/2024

Pre-Market Earnings:

Exxon Mobil (XOM)
Chevron (CVX)
Bristol-Myers Squibb (BMY)
AbbVie (ABBV)
Cigna (CI)
Regeneron (REGN)
Charter Communications (CHTR)
AON (AON)
Cboe (CBOE)
LyondellBasell Industries (LYB)
Imperial Oil (IMO)

Wrap up

This will be an extremely fun day for the markets, so do what you can to maximize the profits you are able to generate, and trade with confidence. Many people are going to have a phenomenal time, so make sure to practice risk management, follow the trend, and simply ride this confidence and momentum in the markets. Lots of traders are going to realize gains today, so be one of those traders and have a great time.

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

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HaiKhuu Daily Report 02/02/2024