HaiKhuu Daily Report - 02/07/2025
Good morning, and happy Friday!!! I hope you have some fun plans for the Super Bowl and are ready for another amazing day for the markets! Markets are within range of possibly making a NEW all-time high today, so continue to capitalize on these market conditions, but do what you can to have a fantastic time. Continue looking for great opportunities that present themselves in these conditions and realize some gains.
As always, be on the look out for the momentum based move, with the strength we are seeing in the markets, some organizations will have stronger momentum than others. Don’t attempt to fight choppy conditions; be smart and practice risk management.
Just like the Chiefs, we are full of winners, so let’s have some fun, let’s realize some gains, and let’s have an amazing time.
Good luck trading today, and let’s realize some gains!!!
The updated $SPY daily levels are as follows:
Conversion Line Support: $600.23
Baseline Support: $593.07
Psychological Support: $600
Daily Cloud Support: $594.67
Thoughts & Comments from Yesterday 02/06/2025
Yesterday was a choppy and difficult day to navigate, but it provided us with some absolutely insane opportunities to trade and realize some gains. Congratulations to everyone who grabbed the absolute perfect bottom with me yesterday; that was a lot of fun, and man, oh man, was that a perfect call. I hope you all realized some gains yesterday and enjoyed the wonderful time.
So, we started the day with $SPY opening at $605.93. Conditions were looking strong, but markets were choppy throughout the entire morning, dipping a little bit during the lunchtime lull but remaining extremely stagnant until the back half of the afternoon, where the markets quickly took a nose dive around 2:30 pm EST, where $SPY went on to make the low of the day at $602.64.
As a community, I shouted an entry on $603 0-DTE Calls at the bottom, and boy did we RALLY. $SPY bounced hard from the bottom, quickly ripping up and making new highs, recovering everything that was lost, and pushing, making the official high of the day,leading to close at $606.45 and ending the day at $606.32. We ended the day with $SPY up only $0.39 above the open price but saw a beautiful momentum.
I hope that, again, you all can capitalize on the strength in the markets yesterday and realize some gains in the process. We see where the markets go today, and let’s continue to have a great time!
S&P 500 Heat Map - 02/06/2025
Thoughts & Comments for Today - 02/07/2025
Today will be a fun time for the overall markets. With the fact that we are within drinking range of making a new all-time high, traders should remain optimistic but should continue to remain skeptical of these conditions. As I have constantly said, skittish bull wins these conditions, and that has been very true. Continue to remain bullish in these conditions, but protect your bottom line and be sure to be safe. Many traders have been chopped around the previous couple of days, and losses have been generated in the process, but I think that realistically, the chop is not over yet, so just look to have a great time and make the most out of these market conditions!
Again, I’ve said this before, so this might be a repeat for some of you, but if you are attempting to trade today, please do what you can to stay away from the choppy conditions. If markets are not moving heavily in either direction and look to remain rather tight, then look for an opportunity to kick your feet up because choppy conditions are not when you should attempt to trade, but at the same time, it will set us up for many great opportunities, so look for a directional movement once the consolidation is over, and attempt to capitalize on that.
But, if you are attempting to scalp the quick momentum, then honestly you are not in a horrible position. Markets are solid, opportunities are available, and there are quick range-based movements you can attempt to trade. These trades are not going to be easy, but opportunities will be consistent, and traders can and will generate losses and gains in the process, regardless of the direction you attempt to allocate, minimize your losses, set tight stops, and protect your bottom line. Choppy conditions do nothing to an investor but can and will make or break a scalper. So, if you are attempting to scalp some chop, please practice safe risk management.
For my allocations today, this is one of those days that I do want to gamble. With the strength in the markets and the opportunities available, I am interested in attempting to catch some 0-DTE contracts, but at the same time, I want to make sure that I am practicing risk management and safety in these conditions because you all know how this goes down. Either I am going to make a significant amount of money, or markets will remain choppy, and we will have a tough time. I will be waiting passively in the back for this opportunity, though, and only want to purchase when I have both certainty and confidence of a trend shift in my favor, so be on the lookout for that.
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, $INTC, $GRYP, $NVDA, $RIVN, $DG, $TSLA, $AMD
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $RIVN / $DG / $BA
Economic News for 02/07/2025 (ET):
Employment Report - 8:30 AM
Unemployment Rate - 8:30 AM
Hourly Wages - 8:30 AM
Wholesale Inventories - 10:00 AM
Consumer Credit - 3:00 PM
Notable Earnings for 02/07/2025
Pre-Market Earnings:
Canopy Growth Corp (CGC)
Plains All American Pipeline (PAA)
Avantor (AVTR)
Flowers Foods (FLO)
Newell Brands (NWL)
Fortive Corp (FTV)
Wrap up
Hopefully, market conditions will continue to rally and provide us with great opportunities to trade today. Watch out for chop, as many traders are going to have a relatively tougher time navigating, but opportunities are going to be amongst us. As I said before, we are extremely close to making a new all-time high on $SPY, so let’s see the beautiful breakout we have been waiting for and make the most out of trading today!!!
Good luck trading, and let’s end this week strong!!! (Go Chiefs!)