HaiKhuu Daily Trading Report

Good morning, and happy Tuesday! Markets are up at the time of writing this report, and conditions are looking good going into open. This should be a fun day with lots of potential across the board, so look to take advantage of the opportunities and have a great time in the process. I am excited to watch as many of the organizations I am in right now are up nicely. As always, look to practice safe risk management, but regardless, conditions are looking great, and this could be a day that the markets recover nicely, allowing traders to realize a significant amount of gains.

Take advantage of this market momentum, seize the opportunity, and let’s have a great time!

Good luck trading today, and let’s realize some gains!

The updated $SPY daily levels are as follows:
Conversion Line Support: $501.85
Baseline Support: $496.46
Psychological Support: $500
Daily Cloud Support: $473.59

Thoughts & Comments from Yesterday, 02/26/2024

Yesterday was a tough day for the markets. Conditions were slow, tough to navigate, and outright terrible to navigate. Not many traders were able to realize gains with confidence, and many more of them who attempted to trade had a difficult time. Google was the laggard and led the bearish momentum in the markets, but thankfully, other organizations like $TSLA, $PANW, and $RIVN pulled their weight.

We started the day off with $SPY trading at $508.33 at open, up above the previous close on Friday, and looking strong into open. Conditions strengthened as $SPY moved up to make the official high of the day, trading at $508.74, before starting to slowly sell off throughout the day. Markets were relatively weak, which was unfortunate, with the opportunities that were available. $GOOGL continued to make new lows throughout the day, continually squashing any opportunity for a momentum movement back up in the markets.

Markets did start to sell off quicker after the lunchtime lull, where $SPY made a relative low, trading right above $506, and conditions were still remaining suboptimal. The losses that were incurred at that time were bought back up, but there was no shift in general market momentum or confidence. Any buying momentum was sold off, and any selling that happened negatively impacted the markets.

It genuinely was just a slow, disgusting bleed down for $SPY throughout the entire day. We watched as selling increased heavily leading into the market close, where $SPY made the official low of the day within the final candle, trading at $505.87, and watched as we ended the day trading at $505.99, down $1.86 for the day, or down approximately 0.4%. Hopefully, you all were able to capitalize on the general market momentum as many organizations were able to move up, including $WMT, $TSLA, and $PANW, but conditions were rough for the majority of traders.

Thoughts & Comments for Today, 02/27/2024

Today is looking like it is going to be another fun day for the general markets. I am genuinely excited to see what happens, mostly as a result of many of my positions being up nicely during the pre-market session. Cryptocurrencies are at a 52-week high, $TSLA has broken back above $200, and Chinese equities are moving up, three great signs for the positions that I am in at the moment. I would advise you all to look to participate in these current market conditions and look for opportunities across the board to simply follow the general market momentum and do what you can to maximize the opportunities that are available to you. Do not look to fight any trends, and simply ride this wave.

If you are looking to capitalize in the markets, look for opportunities to actively scalp some of the major cap equities that have been hit hard over the previous week and look to ride the momentum. Two organizations that have a lot of potential to move up extremely quickly are $TSLA and $GOOGL. Both have had major operational issues recently, with the Google Gemini AI Image Development and EV demand slumping, causing $TSLA to slide. These have caused both of these equities to come down, and we have seen that $TSLA is starting to move back up, and it is a matter of time before $GOOGL recovers. Just look for opportunities to ride the momentum in these organizations. I would only suggest allocating into either of these positions only once they start moving and have confidence. Riding a wave that has already formed is going to be a lot easier to do, than consistently predicting where the next wave is going to be.

One thing to focus on at the moment is making sure you are practicing risk management. I’ve seen many traders being wiped out as a result of not practicing risk management, and it is unfortunate when that is the scenario. Risk management is taken in multiple different ways, and is different per person. If you are trading, make sure to limit your downside risk by setting hard stops on your allocations, limit the amount of exposure you have, and allocate proportionally within your account. Many traders will fall prey to over-allocating and overleveraging their portfolio with options, and that will kill traders without hesitation. So just be smart, be safe, and protect your bottom line.

For my allocations today, I plan on repeating my game plan from yesterday. I am going to be looking for opportunities to scalp and trade, but realistically will be minimizing the overall allocations I attempt to make today. There is a very good chance that I do not decide to enter anything, but there also is a good chance that I find some opportunities that I cannot pass up. I am excited to watch many of the organizations I am in do well, and I might just simply ride the general market momentum and watch as my positions play out. I am excited to see how $RIVN performs today as $TSLA has broken back above $200, which is a bullish sign for $TSLA, meaning that $RIVN will hopefully move in sympathy, and I will be consistently watching $GRYP. With BTC at a new 52-week high, this organization is going to be extremely profitable in these current market conditions, mining roughly 2 BTC a day. I think that $GRYP has the potential to break out heavily, but it is just a matter of time before it does. So, I’ll be watching my positions heavily today, and it will be exciting watching both $RIVN and $GRYP break out.

If I decide to get into any other plays and see opportunities, though, I’ll announce what I see in the HaiKhuu Discord.

HaiKhuu Proprietary Algorithm Report:

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, $BABA, $SMCI, $NVDA, $AMD, $TSLA, $MSFT

LONG OPPORTUNITIES:

Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $KO / $BA
Speculative Re-Entry - $DIS / $RIVN

Economic News for 02/27/2024

Durable Goods - 8:30 AM (ET)
Redbook - 8:55 AM (ET)
House Price Index - 9:00 AM (ET)
CB Consumer Confidence - 10:00 AM (ET)
7-Year Note Auction - 1:00 PM (ET)

Notable Earnings for 02/27/2024

Pre-Market Earnings:

Norwegian Cruise Line (NCLH)
Lowe's Companies (LOW)
AutoZone (AZO)
American Electric Power (AEP)
LendingTree (TREE)
Shift4 Payments (FOUR)
American Tower (AMT)
Cracker Barrel (CBRL)
Macy's (M)
Portillos (PTLO)

After-Market Earnings:

Devon Energy (DVN)
First Solar (FSLR)
CAVA Group (CAVA)
Rocket Lab USA (RKLB)
TKO Group (TKO)
Array Technologies (ARRY)
Coupang (CPNG)
Virgin Galactic Holdings (SPCE)
Beyond Meat (BYND)
Splunk (SPLK)

Wrap up

This will be a fun day for the markets with lots of potential, as everyone is excited as a result of the current cryptocurrency sentiment. Markets are strong, and conditions are optimal. So, look to realize gains and be smart in the process. I am expecting many of you to be able to realize gains with ease, so let’s take advantage of the opportunities and have a great time in the process. As always, practice safe risk management, and let’s have some fun today!

Good luck trading, and let’s see what the markets have in store for us!

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HaiKhuu Daily Report 02/27/2024