HaiKhuu Daily Report - 02/06/2025
Good morning, and happy Thursday! This week has been flying by, and we’ve seen some beautiful bullish momentum that we can easily capitalize on! Traders have had a phenomenal time, but these trading conditions have been rough and tough. Many have had a lot of fun, while most traders have had difficulty.
If you have been printing money over the previous couple of trading days or attempted to buy the dip, congratulations, as we all have had a wonderful time, but at the same time, if you are unfortunately generating losses in these conditions, just know that these conditions are tough. The majority of traders are not profitable at this time.
So please continue to capitalize on the market strength and remain a skittish bull, but protect your bottom line and practice safe risk management.
Good luck trading today, and let’s print some money!
The updated $SPY daily levels are as follows:
Conversion Line Support: $600.65
Baseline Support: $593.07
Psychological Support: $600
Daily Cloud Support: $594.37
Thoughts & Comments from Yesterday 02/05/2025
Yesterday was a beautiful day for the overall markets. Conditions only continued to trend up throughout the entire day and provided us with some amazing opportunities to trade, allocate, and ride the overall market momentum. Many traders did phenomenally yesterday and had a lot of fun!
So, we started the day with $SPY opening at $600.64, above the $600 resistance level but down from the previous close. We watched as $SPY quickly dove from the top and went on to make the official low of the day roughly a half hour in, trading at $598.58. Conditions at the bottom were not the worst, but thankfully, we did watch as the markets quickly reversed and recovered everything leading into the lunchtime lull.
During the lunchtime lull, $SPY started to break out, officially going green again on an intraday basis, and watched as momentum remained relatively choppy yet slightly bullish throughout the rest of the day, where $SPY continued to make higher highs and new highs of the day. Leading into close, $SPY was still looking strong, where we went and made the official high of the day, trading at $604.36, before ending the day officially with $SPY trading at $604.22, up $2.44 for the day, or up roughly 0.4%.
I will say that yesterday was an absolutely awesome day for the markets, with some slow and steady bullish momentum that could have been very easily capitalized on. Now, it is just a matter of whether you were able to capitalize on the momentum or not. Skittish bull wins again, so let’s see where the markets ultimately take us today and make the most of it!
S&P 500 Heat Map - 02/05/2025
Thoughts & Comments for Today - 02/06/2025
Today should be another fun day for the markets. Conditions are confusing and people do not know which direction we want to allocate into just yet, but conditions are looking strong, opportunities are going to be amongst us, and I believe that everyone should have a lot of fun attempting to trade today. The real judgment comes to where the markets go and how you attempt to allocate. If markets are bearish, and so are you, you might have a beautiful day, but if the markets are ripping and you are short or left behind, that will hurt.
The one thing that I will say is scary about these conditions is when the lights go off, and the markets just continually chop for a little bit. We will typical;ly see larger momentum based moves within a trading day, but with the conditions we are seeing now, we have seen consistent chop around the lunchtime session. So if conditions are not looking strong, and people are not actively trading. Do not attempt to trade the chop. Wait until market conditions get stronger, volume is back in the markets, and there is a direction you can capitalize on versus praying to capitalize on some chop.
But, with the way the markets are looking overall, I will say that I am prepped to continually capitalize on the bull side of things. As I have said before, I am a skittish bull in these conditions, and that has worked out wonderfully for myself. I am still stuck in a couple of positions at the moment, like $DG and $GRYP, but I am not too worried in the short term as everything else in my portfolio has been working out beautifully, and I cannot complain. Just continue to remain bullish on strong organizations, and you should have a good time.
Just continue to practice safe risk management. Many traders have unfortunately generated losses over the previous couple of trading days, and part of it can come down to not managing risks, scaling too quickly into positions, or overallocating. Be smart, be safe, be level-headed, and make rational decisions. There is no reason anyone needs to overtrade in these conditions, so find plays you are confident in, and run with it!
For my allocations today, I will say that I do intend on trading today. I do not know if I am gambling, and most likely, I will not be attempting to trade any 0-DTE contracts today, but obviously, anything can change in the middle of the day. IU will be managing my portfolio throughout the day and doing what I can to find different opportunities, scalps, and positions for you all today. I will say that I do not intend to be aggressive, but I do intend on trading, so let’s have some fun and see where things go!
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, $ARM, $GOOGL, $TSLA, $NVDA, $INTC, $DG, $GRYP
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $RIVN / $DG / $BA
Economic News for 02/06/2025 (ET):
Initial Jobless Claims - 8:30 AM
U.S. Productivity - 8:30 AM
Notable Earnings for 02/05/2025
Pre-Market Earnings:
Eli Lilly & Co (LLY)
Roblox (RBLX)
ConocoPhillips (COP)
Hershey (HSY)
Peloton Interactive (PTON)
Blue Owl Capital (OWL)
BCE (BCE)
Cemex (CX)
Bristol Myers (BMY)
Tapestry (TPR)
After-Market Earnings:
Amazon (AMZN)
Affirm Holding (AFRM)
e.l.f. Beauty (ELF)
Cloudflare (NET)
Fortinet (FTNT)
Microchip Technology (MCHP)
Pinterest (PINS)
Victory Capital Holdings (VCTR)
Skechers U.S.A. (SKX)
Monolithic Power Systems (MPWR)
Wrap up
Hopefully, markets continue to print for us and we watch as $SPY gets closer and closer to making a new all-time high again. I know I am excited to see where the markets take us, so remain optimistic, look out for opportunities to trade, and make the most of these conditions. We are less than 1% away from making a new all-time high, so let’s watch as the strength in the markets continues this rally!
Good luck trading, and let’s see a NEW all-time high today!