HaiKhuu Daily Report - 02/24/2025
Good morning, and happy Monday! Wow, I hope you all had a great weekend after what happened last Friday, and I hope you are ready for today.
We are about to see some exciting or scary movements in the markets. I believe that we are about to see an extremely large movement. But the real question is, which direction we are headed? No one truly knows the answer, but it will be a lot of fun attempting to find out. Just be careful but prepare accordingly, as I believe this will be a great dip-buying opportunity that will present itself.
The real question is where the bottom is, where you should allocate, and when. That is the tricky part.
Please continue to tread lightly and practice safe risk management due to the insane volatility of these market conditions, but at the same time, do what you can to make the most of these conditions and realize gains. Many traders will quickly generate significant gains over the next week due to these market opportunities. So be smart, be safe, and realize some profits.
This will be a wild week, so check out the weekly preview HERE!
Good luck trading this week; we will need it!
The updated $SPY daily levels are as follows:
Conversion Line Support: $605.87
Baseline Support: $601.21
Psychological Support: $600
Daily Cloud Support: $589.87
Thoughts & Comments from Last Week
Last week was a rough week for the overall markets. We saw a significant amount of stagnation and neutrality despite $SPY making a new all-time high in the process, and traders could have realized or lost a substantial amount of gains at the same time. Traders did have a lot of difficulties attempting to trade, and we watched as many traders did, unfortunately, realize losses on Friday!
So, we started the week with the markets closed on Monday for Presidents Day, but we had a lot of fun on Tuesday. $SPY started the week looking relatively strong, opening at $610.89. As I said before, conditions did remain relatively neutral through Tuesday, and we watched as $SPY made a new high in the process, but Tuesday is where the fun happened. Market conditions were harsh, but we watched as $SPY continued to make NEW all-time highs, where $SPY now officially has its all-time high at $613.23.
One interesting thing is looking in hindsight. It is very easy to see the weakness in the markets, as the weakness started on Tuesday and perpetuated on Thursday, not selling off heavily, but watching as there were large snap-back movements across the board, where $SPY had roughly a $5 range from top to bottom, with large bearish undertones.
And then Friday… was the final call and last trading day for many people, as a record amount of losses was generated as a result. More was lost on Friday than a couple of weeks ago when the markets plummeted as a result of Deepseek destroying Nvidia. Market conditions at open were not the worst as $SPY opened the day at $610, but that is where things got worse.
We watched as $SPY continued to trend down, becoming a self-perpetuating selling cycle, and watched as the bearish traders absolutely printed, while anyone who attempted to buy the dip or speculated long got absolutely slaughtered in the process. There was no dip buying opportunity, and I watched as $SPY continued to dump, continually selling off and watching as $SPY went on to test $600. We watched as $SPY made the official low of the week, trading at $599.47, and ended the week trading at $599.94, slightly below the $600 resistance level, killing many traders in the process, dropping roughly $11 on Friday, or just shy of 2%.
What I can say about last week, though, is that the conditions that were provided were interesting and again show you the volatility and beauty of the markets. The markets giveth, the markets taketh. We watched as $SPY made a new all-time high and traders printed, and we watched as $SPY made a relative low and watched as almost $1T was wiped from the markets. Regardless, though, that is the fun of the markets and the opportunities that are being presented to us!
S&P 500 Heat Map - Friday
Thoughts & Comments for Today - 02/24/2025
Today will be a challenging or beautiful day for the markets. That is the only way to put it at this point. Markets will have a large directional move, and the real question is, will we watch as the markets recover beautifully? Or are we going to watch our inevitable death? There is no good answer to that, but you can at least look at the general market conditions and do what you can during that time to make the most of it. This will be a fantastic opportunity to buy the dip, but the question is… when is the dip buying opportunity, and where is the bottom? No one has a good answer, but the one with the best answer will realize the most gains!
I do want to take a little bit of time to talk about these market conditions and the way you should consider them. Markets at this moment are extremely volatile, just last week we watched as $SPY made an all-time high, and then two days later, we watched as $SPY sold off, having the largest intraday drop off of 2025. Conditions are only starting to heat up, and I expect this will happen again multiple times over the remainder of this year and even more over the next three years; this is just a reminder to remain solvent and smart about these conditions.
Traders can quickly realize some gains, but at the same time, there will be so many difficulties attempting to allocate with confidence, which is okay. Buying when conditions are tough is hard, but this is WHEN YOU SHOULD BUY. Everyone and their mothers want to purchase strong organizations when everything is making a new all-time high, but no one is comfortable attempting to buy the dip. It’s funny how human psychology works. So please use this as a dip buying opportunity, but do not buy too early. The markets CAN easily continue to drop from here; the real question is, where are we going to find support? Is it here at $SPY $600? Do we need to wait for $SPY $580? Who knows?
The only thing you should know at this point is that you should practice safe risk management. As I said, we all had a relatively rougher Friday, with many traders realizing losses, myself included. Lots of losses were generated on Friday, and realistically, more losses can be generated today, so please continue to protect your bottom line, be smart, be safe, and capitalize on these opportunities!!!
For my allocations today, I will say that I am slightly skittish in these conditions. Again, I believe we will see a large directional move in the near future, but my only concern is the downside risk. I do not intend to trade that much today, but I do plan on looking for more opportunities to allocate long and buy strong organizations at a discount. The question then becomes, where can I allocate confidently, and where am I the most comfortable. I’ll be looking to grab some tech plays today, assuming that the markets remain relatively weak, but we will just see what happens in real-time.
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, $RIVN, $DG, $TSLA, $NVDA, $AAPL, $NVDA, $AMD
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $RIVN / $DG / $BA
Economic News for 02/24/2025 (ET):
No News Scheduled
Notable Earnings for 02/24/2025
Pre-Market Earnings:
Domino's Pizza (DPZ)
Kaspi.kz (KSPI)
Azul S.A. (AZUL)
Westlake Chemical (WLK)
BioCryst (BCRX)
Clear Channel Outdoor (CCO)
Owens Corning (OC)
Kosmos (KOS)
After-Market Earnings:
Hims & Hers Health (HIMS)
Riot Platforms (RIOT)
Cleveland-Cliffs (CLF)
Tempus AI (TEM)
Diamondback Energy (FANG)
Realty Income Corp (O)
Contura Energy (CTRA)
Chegg (CHGG)
Trip.com (TCOM)
Zoom Video (ZM)
Wrap up
This should be an interesting time for the markets. I am expecting to see some general confidence coming out of these market conditions as people are buying the dip, but at the same time, traders are going to be taking on a significant amount of risk. Anyone can allocate however they would like, but just remember that we just had the largest selling event of 2025 and that we are going to see an amazing buy-the-dip opportunity. So let’s prepare accordingly for this week, have some fun, and realize some gains!
Good luck trading, and let’s start this week strong!!!