HaiKhuu Daily Report - 02/20/2025
Good morning, and happy Thursday! Man, this month feels like it has absolutely flown by! I hope you all are ready for another amazing day for the markets and are prepared to watch as $SPY makes ANOTHER new all-time high. Okay, in reality, I don’t know if the markets will make a new all-time high today due to the movement that has happened over the previous couple of trading days. Still, people are optimistic, and we should do what we can to maximize our profit potential in these conditions.
I know many traders are up nicely due to the movement over the previous few trading days, so continue to realize gains and enjoy these market conditions. I am very optimistic and excited to see where the markets take us, so please continue to make good decisions, practice safe risk management, and just make the most out of the strength in the markets.
This is going to be a great day.
Good luck trading today, and let’s realize some gains!
The updated $SPY daily levels are as follows:
Conversion Line Support: $547.07
Baseline Support: $536.72
Psychological Support: $550
Daily Cloud Support: $553.37
Thoughts & Comments from Yesterday - 02/19/2025
Yesterday was a slow and beautiful day for the markets. With FOMC minutes being released, conditions were relatively slower as traders were waiting for the economic event, but we watched s there was strong bullish momentum throughout the day, and we watched as $SPY made a NEW all-time high in the process!
So, we started the day with $SPY opening at $610.04, down from the previous close, and watched as $SPY dropped slightly, going on to make the official low of the day at $609.57. There really not to much downside, but momentum was tough at open; roughly an hour after open, after making the low of the day, markets reversed, rallied and looked beautiful, going green for the day around the beginning of lunch. We kinda just chopped around throughout the beginning of the afternoon, remaining in the $611-$612 range leading into minutes being released.
Once minutes were released, that’s when the fun all happened. $SPY, as predicted, remained relatively neutral as everyone processed the economic data and watched as $SPY slowly broke out and was continually making NEW-ALL TIME HIGHS, officially topping out the day trading at $613.23. Markets did slow down and chop around during power hour, and we officially ended the day with $SPY trading at $612.93, up $1.44 for the day, or up roughly 0.25%, but the beautiful part is that $SPY rallied roughly $3 from open, and man oh man, was that a great day for the markets.
Hopefully, you all were able to realize a significant amount of gains while attempting to trade yesterday. It was a wonderful day, with many traders able to realize a significant amount of gains with relative ease. Let’s see what the markets have in store for us today, and have a fantastic time in the process!
S&P 500 Heat Map - 02/19/2025
Thoughts & Comments for Today - 02/20/2025
Today should be an interesting time for the markets. With the way that everything has gone over the previous couple of days, I am expecting to see market conditions continue to remain optimal, but traders will be a little bit more confused. We do have major economic news that is coming out during the pre-market session, and as a result of that, I am expecting to see some people utilizing that data to gauge market momentum and sentiment prior to allocating early in the day. I would not advise anyone to attempt to do anything too crazy in the short term, but please do not be passive in these conditions and make sure that you are taking advantage of the market momentum. Those who remain passive watch as their portfolio potential absolutely collapses and dies while $SPY is making an all-time high.
One thing that I will warn you all about right now is the fact that these market conditions are relatively choppy and have remained in a state of neutrality on an intraday basis. The chop will provide you with opportunities to quickly scalp on an intraday basis, and scalping is not incorrect. You can easily and consistently be provided with opportunities to realize short-term gains, and that is not a bad sentiment at all; many traders are scalpers and have realized gains doing it, myself included, but I think attempting to scalp when market momentum is choppy is a terrible idea. You are going to consistently be stopped out and have a difficult time.
If market conditions are choppy, my recommendation for you is not to simply not trade during that time, but to simply wait until the opportunity presents itself to ultimately pick a direction on how I want to allocate, and attempt to day trade when opportunities are more directional. It's not as sexy or fun sitting on your hands if I am being completely honest, but I can tell you with certain confidence that I’ve seen more traders that have sat on their hands during chop become successful navigating and realizing gains that way than I ever have watching people attempt to scalp short term. This may sound contradictory and confusing but just believe in the system. You’ll have more opportunities while scalping chop, but you will realize more gains holding strong momentum. Just food for thought.
For my allocations today, I will say that I intend to trade, but I plan on being relatively more passive in these market conditions. I really have not allocated much this week, but that is kind of just part of the game at times. My current long positions are doing well for me, and I am extremely happy with the performance I’ve seen YTD from my portfolio. I am not attempting to remain passive in any way, but at the same time, with the performance of my portfolio during this time, it’s hard to attempt to force a trade when everything else is working perfectly!
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, $GRYP, $BABA, $RIVN $TSLA, $QDTE, $NVDA, $INTC, $PLTR
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 02/20/2025 (ET):
Initial Jobless Claims - 8:30 AM
Philadelphia Fed Manufacturing Survey - 8:30 AM
U.S. Leading Economic Indicators - 10:00 AM
Notable Earnings for 02/20/2025
Pre-Market Earnings:
Alibaba (BABA)
Walmart (WMT)
Unity (U)
Wayfair (W)
Baxter International (BAX)
Cameco (CCJ)
Cheniere Energy (LNG)
First Majestic Silver (AG)
Shake Shack (SHAK)
Insmed (INSM)
After-Market Earnings:
Rivian Automotive (RIVN)
MercadoLibre (MELI)
Block (XYZ)
Newmont Mining (NEM)
Booking Holdings (BKNG)
Five9 (FIVN)
Guardant Health (GH)
Insulet (PODD)
Weave Communications (WEAV)
Dropbox (DBX)
Wrap up
Hopefully, market conditions continue to remain optimal and we are put in a place where we can realize gains consistently with relative ease. We will see where the markets go from here, but we should be excited and optimistic about these market conditions again. Please practice safe risk management and do what you can to have a great time.
Good luck trading, and let’s realize some gains!!!