HaiKhuu Daily Report - 02/26/2025
Good morning, and happy Wednesday!!! I hope you all are doing well and are READY for today. Markets have been extremely difficult to navigate over the previous couple of trading days, but thankfully, opportunities have consistently presented themselves to us to trade and realize gains.
Markets are starting to get sketchier from a technical side. I will warn you about that right now. We are seeing a bearish TK cross-under forming on the daily chart, and the low of the day yesterday was cloud support. Conditions are not ideal right now and are extremely risky, but as I have said before. This is going to be an insane buy-the-dip opportunity (I hope), so please continue to tread lightly and make smart decisions. Traders should have difficulty finding positions in which they are confident. Still, at the same time, with the opportunities being presented to us, active traders should have some fun attempting to catch some fun trades.
Please just make sure to watch out for a large movement soon. We have $NVDA earnings after hours today and significant economic news pre-market on Friday! Practice safe risk management, make wise decisions, and just allocate accordingly.
Good luck trading today, and let’s see where $SPY goes!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $601.40
Baseline Resistance: $601.40
Psychological Resistance: $600
Daily Cloud Support: $589.56
Thoughts & Comments from Yesterday 02/25/2025
Yesterday was a rough and challenging day for the system. There were opportunities to trade, but man, oh man, were traders slaughtered in the streets and had a terrible time in the process. Market conditions, thankfully, did get better throughout the day, but that does not discount the fact that $SPY was weak, made a new relative low, and conditions were difficult to navigate.
So, we started the day with $SPY opening at $597.20, looking relatively neutral from the previous close, and had essentially a repeat of the previous trading day, watching as $SPY dove early in the morning, going on to make a relative low around $591, before bouncing back up slightly to test $593, before going on to sell off again to make the official low of the day trading at $589.56 during the lunchtime lull.
At $590, it was an excellent opportunity to buy the dip. I love that the discord could alert the bottom almost perfectly before ultimately bouncing up and continually trending up throughout the rest of the afternoon. The slow grind-up was not ideal due to our situation, but I would much rather ride a challenging, bullish movement than any bearish movement.
Markets did pop once more leading into close, making a relative high right under $597, and watched as $SPY dropped back down once more leading into close, where we officially ended the day with $SPY trading at $594.24, down $3 for the day, or down roughly 0.5%.
If you look at the overall movement for the day, a 0.5% drop from the previous close does not sound that bad, but if you look at the intraday movement and recovery. That is where things get dirty. We watched as $SPY started to form a bearish TK cross under on the daily, testing the daily cloud and displaying overall weakness. Hopefully, this is not the start of a confirmation of a reversal, but watch out. Things will get significantly riskier once $SPY breaks below the daily cloud. So please be wise in these conditions!
S&P 500 Heat Map - 02/25/2025
Thoughts & Comments for Today - 02/26/2025
Today will be an interesting, confusing, and difficult day to navigate. I expect to see a large directional move with the way the markets are setting up.
We have $NVDA earnings after hours today, which will impact people’s general sentiment about the markets, but at the moment, people are extremely conflicted about where they want to allocate. Many traders want to attempt to buy the dip, but those who have bought the dip have been unfortunately burnt. I do have something I want to say about this scenario.
Yes, market conditions are not ideal right now, but I think that those who are attempting to make strategic plays with a trade plan in place should be completely fine and should attempt to allocate in these conditions. With the strength we are seeing in the overall markets but the short-term weakness, traders are losing confidence. This is giving us an amazing opportunity to take advantage of that weakness.
Many traders are going to be extremely skeptical and will feel the need to be OVERLY bearish and irrationally sell their positions at a discount. I am not saying you should not be bearish in these allocations, but what I am saying is that the average trader is going to overreact in these conditions and freak out. These conditions are rough and not ideal in any way, shape, or form, but what this is doing is giving us an opportunity to take on a little bit of risk while traders are conflicted. That confusion creates opportunity.
Look to find a fundamentally solid organization that you are a fan of and that you believe has a significant amount of upside potential, and continually look to buy the dip. Scale into your long exposure slowly, and enjoy your position.
For my allocation today, I will say that I intend to trade, but I do not intend to take on a significant amount of risk. I got semi-lucky & unlucky yesterday while scalping 0 DTE’s. I was able to realize some nice gains, but at the same time, lots were left on the table. That is simply just life. I do not intend to grab some 0-DTEs today, but I will see what happens. I did grab some more shares of $RIVN long in my active portfolio yesterday, and I am kinda just watching as $GRYP slowly chunks away at my soul as BTC is dropping heavily due to FTX. We will see what happens here in the near future and go from there!
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, $RIVN,$TSLA, $NVDA, $AAPL
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $RIVN
Economic News for 02/26/2025 (ET):
New Home Sales - 10:00 AM
Notable Earnings for 02/26/2025
Pre-Market Earnings:
Lowe's Companies (LOW)
NRG Energy (NRG)
Advance Auto Parts (AAP)
Innoviz Technologies (INVZ)
EMCOR Group (EME)
Anheauser-Busch (BUD)
CommScope Holding Company (COMM)
Dole plc (DOLE)
CLEAR Secure (YOU)
TJX Companies (TJX)
After-Market Earnings:
NVIDIA (NVDA)
Snowflake (SNOW)
C3.ai (AI)
Marathon Digital (MARA)
Salesforce (CRM)
Root (ROOT)
Agilent Technologies (A)
Sweetgreen (SG)
Urban Outfitters (URBN)
Synopsys (SNPS)
Wrap up
Hopefully, markets will be able to recover today. There are no promises, but genuinely, anything can happen in an extremely short period of time. Continue to tread lightly and be careful, but do what you can in these market conditions to realize gains. I believe traders should have a more challenging time finding trades confidently, but once we see some strong bullish momentum in the markets. Do not fight the trend; ride the wave and have a great time. Until then, protect yourself and prepare for the worst.
Good luck trading, and let’s see if the markets recover!