HaiKhuu Daily Report - 03/07/2025
Good morning, and happy Friday!!! Man, oh, my, this week has flown by, and I hope you all have had a wonderful time. Traders have seen a wild couple of days, watching as $SPY has gone from an all-time high to dropping $40 from the top and giving us a phenomenal buy-the-dip opportunity.
Many traders have been hurt heavily in the process, with many traders quitting over the previous couple of weeks due to losses generated due to this movement. It is unfortunate, but it is simply life, a part of being in the markets, and making sure you practice safe risk management.
Just continue to practice safe risk management in these conditions, and PLEASE, PLEASE, PLEASE, buy this dip. As I have said before, find fundamentally solid organizations undervalued in these market conditions, and ride them like your life depends on it. This is one of the safest ways to get long-term exposure for cheap. Again, we may get a better sale in the future, but that does not discount the sale that is happening right now.
So, good luck trading today, and maybe finally watch as $SPY rallies and recovers?
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $586.58
Baseline Resistance: $591.67
Psychological Resistance: $550
Daily Cloud Resistance: $5593.07
Thoughts & Comments from Yesterday - 03/06/2025
Yesterday was a wonderful yet utterly disgusting day for the markets. Opportunities were provided to trade in both directions. Many traders realistically got caught in the sudden momentum flips, as well as the fact that $SPY remained unfavorable for the majority of the day, really made capitalizing on yesterday difficult, regardless though, the best traders should have been able to have a lot of fun, and realized some gains in the process!
So, we started the day with $SPY, which looked rough. Conditions during the pre-market session looked good, but we watched as $SPY disgustingly opened the day trading at $575.47. Conditions at open were relatively rough, but it was nice watching as $SPY did quickly rally from the bottom leading into lunch, where $SPY came up to test $580 to no avail, making the official high of the day at $580.16, but watched as $SPY quickly sold off from the top creating a significant amount of bearish momentum in the afternoon.
During that time, it was difficult not being able to capitalize on the market conditions fully as many traders were not quick enough to catch the bearish momentum. Realistically, many more traders unfortunately got wiped out attempting to catch a bounce, as markets only continued to sell off, officially making the low of the day trading at $570.12.
Thankfully, at $570, we were able to watch as $SPY recovered only ever so slightly leading into close, where we have officially ended the day with $SPY trading at $572.71, down $11 for the day, or down roughly 1.8%
I am not saying that yesterday was a good day at all in any way, shape, or form, and what I can say is that the large majority of traders did unfortunately get sliced with the chop and the general market momentum. Still, as a result of that, it is extremely easy to see the smart and consistent traders. It's difficult seeing who is good at trading when the markets are simply moving up, as remaining consistent while market conditions are optimal is not a statement on your ability but the quality of the markets. But for someone to remain consistent while market conditions are volatile and bearish, yes, luck will play a part of it, but luck will only get you so far. The consistent traders in these conditions show the strength and confidence in their ability. So do what you can to remain strong and comfortable.
S&P 500 Heat Map - 03/06/2025
Thoughts & Comments for Today - 03/07/2025
Today should be another day of interesting market momentum, opportunities to trade, and more opportunities to get slaughtered. If I am completely honest, these market conditions are harsh, but they strengthen boys, men, and traders. These conditions are challenging to navigate and are not for the lighthearted. This volatility will generate life-changing money, but the question is, will you be getting meals on wheels, or will you be driving in a Lamborghini?
Regardless of how you feel about these market conditions, this is just a reminder of some of the facts about the current market conditions.
Currently:
Markets are at extreme fear on the fear and greed index
$SPY is down approximately $40 from the previous all-time high approximately three weeks ago.
$SPY has a strong bearish TK cross under and has broken below all major levels of support.
We are seeing weakness in the general markets, and sectors that have been heavily overvalued are starting to come dow
Conditions are weakening as traders feel less comfortable allocating long into the markets.
Traders are currently actively selling versus purchasing due to this increased fear.
Lots of people are blaming Trump for this dump.
All of those statements are unbiased and factual about these conditions.
I am not attempting to make a political statement nor give you financial advice. Still, with a lot going on, I believe that realistically, these conditions are heavily oversold, and this is one of the best dip buying opportunities available. There is so much liquid cash in the system right now, and the opportunities being presented to us are actually almost incredible. Market conditions are extremely strong, and people overreact, are irrational, and fearful.
You are telling me that just a couple of months ago, Elon is a hated man with the worst performing stock in the S&P 500, to Elon is the golden pony boy, causing his organization to rally over $700B, to watching Elon become a “Nazi” and a super villain resulting in a $700B drop in his company’s evaluation, all within six months.
This and the current “Trump Hate” is heavily impacting the current market performance, with many people making fun of DJT about the performance of the markets here in the short term. But if I am being honest, it is the loud that is upset, and it is the silent that is working their asses off right now to make things happen.
We talked about this before Trump took office. We pump and make new all-time highs, we dump quickly and make a relative low, and then we go on an absolute face ripping rally. This has been the drop that I have been telling you all about, which is why I am stupidly excited about these current conditions. The markets are heavily oversold and will quickly be bought back up; it is just a matter of what will be the catalyst for the reversal signal in the markets and how far we drop before we finally get there. As long as you can remain solvent enough to find that answer, you can print money.
This dip, despite being rough, is realistically not that bad. People have been slaughtered consistently over the previous couple of years due to market drops, but if I am being honest with you, these conditions suck, but are nothing compared to last selling events that we have seen in the past. I do not believe there is a reason why people should be fearful in these conditions, and they should honestly do everything they can to maximize the potential that will be provided to them. Just tread extremely lightly on these market conditions, and let’s do everything possible to have a lot of fun.
For my allocations today, as I have said for the previous week, “I intend on trading, but do not intend on taking on risk”. This sentiment remains true, I do NOT intend on gambling on any 0-DTE option contracts today, but at the same time… if the markets continue to provide us with some insane opportunities to trade and capitalize on short term momentum, then I do not see a reason why I should not take advantage of the markets. This is not a signal or an affirmation that trading 0-DTE contracts is okay. Still, realistically, many traders have attempted to trade 0-DTE contracts in the past when market momentum was slow and choppy. No offense to those traders, but that is the dumbest time to attempt to gamble on 0s. You want incredibly volatile days like what we see now and pray that your dice roll is perfect. Again, I never advise gambling in the markets, but if you can trade and take on some risk, this is the time to attempt to do so!
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, $META, $AAPL
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $RIVN
Economic News for 03/07/2025 (ET):
Personal Income - 8:30 AM
Personal Spending - 8:30 AM
PCE Index - 8:30 AM
Retail Inventories - 8:30 AM
Wholesale Inventories - 8:30 AM
Notable Earnings for 03/07/2025
Pre-Market Earnings:
Algonquin Power and Utilities (AQN)
Genesco (GCO)
WhiteHorse Finance (WHF)
Advantage Solutions (ADV)
inTEST Corporation (INTT)
Wrap up
Hopefully, market conditions will finally lighten up on the selling and provide us with a great opportunity to ride some strong bullish momentum. I think there is a shot that we will break out heavily today, or at least close to recovering nicely going into the weekend. That would be a phenomenal feeling, so let’s do what we can to have a great time, realize some gains, and enjoy our weekend. Make some smart decisions today, and let’s print some money!
Good luck trading, and let’s end this week strong!!!