HaiKhuu Daily Report - 03/06/2025
Good morning, and happy Thursday!!! Wow, this has been a crazy week for everyone, with some insane volatility and opportunities for fun. Trading has been relatively more difficult over the previous couple of days due to the market volatility, but thankfully, conditions are getting slightly more bouncy.
Just a reminder: These market conditions are sketchy and challenging to navigate confidently, and we are still in extreme fear of the fear and greed index. Please tread extremely lightly, as I am getting early 2022 vibes from these market conditions. Still, please do what you can to buy the dip and make the most out of these conditions, but at the same time, we are in a place where market conditions could and will quickly move back up with certain confidence.
Look to buy this dip, but be rational and scale into your positions relatively slower due to the ongoing risks in these conditions. We might get a better opportunity to buy, but it does not nullify the buying opportunity now. Buy when traders are scared, and have some fun.
Good luck trading today, and let’s watch as $SPY rallies hard!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $591.28
Baseline Resistance: $592.74
Psychological Resistance: $580
Daily Cloud Resistance: $593.07
Thoughts & Comments from Yesterday - 03/05/2025
Yesterday was a wild day for the overall markets. $SPY had some insane legfs and volatility, and traders still could have capitalized in either direction. Still, those who attempted to buy the dip or followed the momentum should have had a fantastic time. Many traders realized significant gains while attempting to trade yesterday, and if that is one of you, congratulations!
So, we started the day with $SPY opening at $576.63. Market conditions were relatively neutral at the time as we consistently chopped around the previous close, only to really start and get some momentum leading into the lunchtime lull. That is where conditions began to get tough as $SPY dropped and made the official low of the day, trading at $573.14. The market conditions at the bottom were not good at all in any way, shape, or form, but at the same time, they provided us with an amazing opportunity to buy slightly cheaper leading into the afternoon, and man, this is where all of the fun begins.
In the back half of the afternoon, these market conditions were looking extremely bouncy as $SPY quickly pushed from the low of the day, to quickly making highs of the day, rallying beautifully, and went from $573, to testing $580, to breaking out once again to test $585 leading into the back half of the afternoon.
There really was not much momentum toward the back half of the afternoon, though, as $SPY remained choppy and under that $585 level, and we continued to chop around all of the way into close, where we officially ended the day with $SPY trading at $583.06. Market conditions were beautiful as $SPY was up $6 or just over 1%, and traders, assuming you were following the momentum, should have all realized a significant amount of gains. Congratulations to everyone who was able to capitalize yesterday, and let’s see how many people are going to be able to capitalize today!!!
S&P 500 Heat Map - 03/05/2025
Thoughts & Comments for Today - 03/06/2025
Today should be a relatively fun day for the markets. Conditions do not look the best during the pre-market session, but there are going to be many opportunities that present themselves to trade. I believe both bulls and bears will have opportunities to trade today, but it will all come down to timing and risk. There will be better times to play in either direction, but now it is just a matter of being confident with your allocation. Be fluid with your directions, find the opportunities provided to us, and please. Buy this dip.
I’ve been screaming it for the past few days, and I stand by it. BUY. THIS. DIP.
I am not saying you should go out and invest all of your money into a random Chinese pharma pump and dump, but look to buy fundamentally solid organizations at a discount in these market conditions. There are many great opportunities to buy some great companies right now, and I highly recommend you start scaling into those positions accordingly. Like I said, there may be better buying opportunities in the future, but that does not discount the opportunities available now.
One play I think you all should look into is $AAPL. The markets have been highly volatile over the previous couple of weeks, and as a result of that, we are seeing huge movements in every direction. Apple has not seen the same bearish movement nor the bullish movements. I believe that Apple can quickly come down from this level and realistically needs to drop more with the markets, but at the same time, I think from all of the mega-cap techs that $AAPL is a laggard right now and is a winning play if you attempt to allocate long. I will clarify, though, that I am not saying that Apple is the BEST play to make, as I doubt that. The returns of the other megas will most likely be higher, mostly coming from names like $TSLA and $NVDA, but at the same time, I am saying that it is a winning play. The real question that is more important to you is whether you find the winning play or gamble for a return. It never hurts to see a surefire win. It won’t be sexy but, winning > Trying to be sexy.
The other play that has my attention again is $TSLA. I would still like to trade it around the $200-240 range, but after the insane bearish movement we’ve seen over the previous couple of months, it is hard not to want to attempt to trade $TSLA. I still believe that $TSLA is slightly overvalued in these conditions but is back within an acceptable range to pay a slight premium to attempt to trade. I would still be careful trying to trade $TSLA, but now, at least, we are at a point where you have to pay a 100% premium to enter into $TSLA.
I still want to trade for my allocations today, but I am not the biggest fan of this market volatility. I am not comfortable attempting to take on significant risk in these market conditions. Despite not being comfortable, I will say that does not make me not confident. These conditions are amazing and provide people with opportunities to make life-changing money. This is going to be a lot of fun attempting to trade today, so please make sure to make the most out of these volatile market conditions because a significant amount can be lost or made in a short period of 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, BTC, $GRYP, $NVDA, $RIVN, $INTC, $TSLA, $INTC, $META, $AAPL
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $RIVN
Economic News for 03/06/2025 (ET):
Initial Jobless Claims - 8:30 AM
Durable-Goods - 8:30 AM
Pending Home Sales - 10:00 AM
Federal Reserve Vice Chair Michael Barr Speaks - 10:00 AM
Fed Governor Michelle Bowman Speaks - 11:45 AM
Notable Earnings for 03/06/2025
Pre-Market Earnings:
JD.com (JD)
Cracker Barell (CBRL)
Kroger (KR)
BJ's Wholesale (BJ)
BlackSky (BKSY)
Nine Energy (NINE)
BrightSpring Heatlh Services (BTSG)
Americas CarMart (CRMT)
Distribution Solutions (DSGR)
Hippo (HIPO)
After-Market Earnings:
Broadcom (AVGO)
BigBear.ai (BBAI)
Costco (COST)
Gap (GAP)
Serve Robotics (SERV)
Hewlett Packard Interprise (HPE)
Samsara (IOT)
Delcath Systems (DCTH)
CooperCompanies (COO)
CytoSorbents (CTSO)
Wrap up
Hopefully, these market conditions will get better quickly because I am sure you are all exhausted from this bearish momentum. Just continue to tread lightly and practice safe risk management, but at the same time, make sure you are not remaining passive in these conditions. Passive traders are going to miss out on all of the opportunities available, so please make sure to follow the momentum and have some fun.
Good luck trading, and let’s watch $SPY rally!