HaiKhuu Daily Report - 03/03/2025
Good morning, and happy Monday!!! I hope you traders all had a WONDERFUL weekend and are ready for today. With the way the markets look, conditions are strong, and crypto looks fantastic. I think this is where we start to see the reversal. It is too soon to state anything confidently, but man, oh, man, was that a fantastic buy-the-dip opportunity.
Markets are moving back up slowly, and we are seeing general confidence across the board. Please continue to tread lightly and practice safe risk management, but do what you can to maximize your profit potential. Many traders are still in extreme fear, but confident investors are taking advantage of the phenomenal opportunity and buying this dip.
Do not be passive in these market conditions, retain exposure in some great organizations that have provided us with a dip buying opportunity, and do not be left in the dust. Once the markets start to recover, it will be an extremely quick recovery, resulting in many traders feeling uneasy since they could not capitalize on the dip.
So just continue to tread lightly, make wise decisions, and realize gains in these market conditions!
Also, if you have NOT prepared for the week, please check out our WEEKLY PREVIEW for all the news and earnings to prepare for this week!
Good luck trading today, and let’s print some money!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $597.84
Baseline Resistance: $597.84
Psychological Resistance: $600
Daily Cloud Support: $591.59
Thoughts & Comments from Last Week
Last week was an interesting week for the overall markets. Market conditions were weak across the board, and traders had a very difficult time, but it was simply life and the markets. Opportunities were consistently presented to us, and many gains could have been realized, but many traders were tossed around like rag dolls. It all came down to how you allocated and how comfortable you were taking on risks. Trillions of dollars were made and lost last week; it all came down to your timing and general direction.
So we started the week with $SPY opening at $601.98. Conditions initially were just alright as $SPY was attempting to recover from an incredible sell-off the previous week, and we watched as conditions honestly looked optimistic. People were attempting to buy the dip throughout the week, but man, was it difficult with four red daily candles in a row. There were opportunities to allocate and trade in the meantime, but any bulls got slaughtered, and anyone confident enough to short absolutely printed.
$SPY continued to sell off throughout the rest of Monday, leading into Tuesday, where we tested the daily cloud support, but things all really started to go crazy once Thursday rolled around.
Thursday was looking to be a great day for the markets, but we watched as our world shattered right before us. Markets were looking good on Thursday, opening the day at $596.85, and honestly looked as if it was setting up for a reversal. We bounced off the daily cloud support and were looking confidently for a reversal, but that is when things quickly got worse.
We consistently chopped around and remained neutral for the large majority of Thursday, but within the final hour and a half of the trading day, we watched as $SPY went from $595 and sold off and made the low of the day at $584.65. It was a disgusting day for the markets, and many traders got slaughtered in the process.
But thankfully, Friday was a little bit better, giving us room to realize gains with ease. Conditions were relatively slower for the large majority of the day, as we watched as $SPY opened at $585 and chopped at that level for the majority of the day, having a +/-$3 range throughout the entire day, but this is where things get sexy. $SPY dropped from the high of the day at $588 and sold off to hit $582. Conditions were looking tough, but at the bottom, once we saw signs of a reversal, the markets went on to go on a TEAR and rip for the entirety of powerhour. $SPY went from $583 and, within an hour, was trading at $594.
We ended the day with $SPY trading at $594.18, ripping $11 in the final hour of the week, ending the week down $8 from open on Monday, or roughly 1.3%
It was a tough week for the overall markets, but that is the beauty of it all. Lots of opportunities to trade regardless of which direction you wanted to allocate, but it all came down to timing, confidence, and opportunity. Hopefully, you all could minimize last week's losses and maximize your profits.
This is going to be a fun week with many great opportunities to trade, so let’s have some fun and realize some gains!
S&P 500 Heat Map - Last Week
Thoughts & Comments for Today - 03/03/2025
Today is setting up to be a good day for the markets. With the confidence we are seeing across the board, it would not surprise me if this is the start of the reversal. As I have warned before, the reversal is going to be extremely quick, and we have seen the beginning of it starting on Friday. Traders are extremely confident at the moment, and cryptocurrencies are looking great. Obviously, we can quickly fall and start to sell off again, but with the way that everything is looking at the moment, I do not believe there is any reason we all should not be optimistic and excited for market conditions today.
Watch out for tech positions; I believe that this is an insane buy-the-dip opportunity, and we are going to see an extremely quick snap back with many of these major names watching as they see double-digit % returns to recover what has been lost over the previous couple of trading days.
I do have a couple of recommendations for today. The biggest suggestion is to make sure that you are not fighting the momentum. There are going to be a lot of people today who attempt to fight the general market momentum. If conditions are looking strong, and continue to remain looking strong, yes it does seem understandable to attempt to short the position, but just know that realistically, you might be right in the short term if you are scalping quick movements, but if market momentum is extremely strong and is not showing any sign of a larger reversal, then you should not do anything that might inevitably wipe out your portfolio. Don’t fight the markets because you will be sad while others are realizing gains with ease.
The second is to make sure that you are practicing safe risk management. If you are purchasing extremely risky, highly OTM option contracts, your potential for failure increases exponentially, and as a result of that, you are going to become more emotional, resulting in an irrational position filled with fear, anxiety, and risk. Be smart and safe with your sizing to justify your position, and remain confident in the position.
For my allocations today, I intend to trade, but I intend to watch more as my portfolio consistently moves up. There is a lot of strength in many of the organizations I am in, so I will be watching those positions accordingly. I will warn that I may need to make a delivery later today, so in the case that there are any updates in regard to that, I will not be entering into positions prior for safety and timing's sake.
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, BTC, $GRYP, $NVDA, $RIVN, $F, $TSLA, $AAPL, $MSFT
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $RIVN
Economic News for 03/03/2025 (ET):
None Scheduled
Notable Earnings for 03/03/2025
Pre-Market Earnings:
Sunnova Energy International (NOVA)
Hut 8 Mining (HUT)
Canadian Natural Resources (CNQ)
Ready Capital (RC)
Surgery Partners (SGRY)
California Resources (CRC)
Nomad Foods (NOMD)
Fortrea Holdings (FTRE)
After-Market Earnings:
AST SpaceMobile (ASTS)
GitLab (GTLB)
Okta (OKTA)
Senseonics (SENS)
MRC Global (MRC)
Emergent BioSolutions (EBS)
ThredUp (TDUP)
Concentra Group (CON)
BRCV (BRCC)
Viant Technology (DSP)
Wrap up
Hopefully, markets are beautiful today and provide us with some strong bullish momentum we can be confident in. Regardless of what happens, we will watch and see where things go, but with how things are shaping up, we should remain optimistic and make the most of it. Many traders will realize significant gains today, so let’s make the most of it and have a great time!
Good luck trading, and let’s start this week strong!!!