HaiKhuu Daily Report - 03/11/2025
Good morning and happy Tuesday. Wow, these market conditions are ROUGH. Markets have been shot, $TSLA has lost 100% of the post-election rally, and we are continually making new lows of this year. Please continue to be smart and safe in these conditions, and honestly just pray that we’ve hit a bottom. We will bottom out eventually one of these days…. right?
Markets have continued to look rough, recovering slightly during the pre-market session, and hopefully, conditions will get a lot better soon.
As I have been saying, there needs to be a “buy the dip” opportunity, and the markets “need” to bounce, but if I am being honest, I am still purchasing but actively losing faith in the process. What I will say, though, is that $SPY is oversold on a larger timeframe and does need to bounce back up. The issue is that there is no direct catalyst that I am banking on for the market reversal.
So please continue to tread lightly and practice safe risk management as many traders are unfortunately going to have a difficult time and most likely get burnt if they are overtrading in these conditions. So please continue to protect your bottom line and make some smart decisions!
Good luck trading today, and let’s realize some gains!!!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $577.59
Baseline Resistance: $584.41
Psychological Resistance: $580
Daily Cloud Resistance: $593.07
Thoughts & Comments from Yesterday - 03/10/2025
Yesterday was a bloody day for the overall markets. Many traders, unfortunately, perished in one of the worst trading days we’ve seen in 2025. $SPY has officially dropped over $50 from the top, traders have been slaughtered, and somehow, our community only continues to print. Hopefully, you all survived yesterday's bearish momentum, as it was a disgusting day.
We started the day with $SPY opening the week down almost $10 at open, starting the week trading at $567.55. Market conditions were tough, and really did not provide us with many great opportunities to allocate long at open, but despite this, markets did pop up a little bit, making the official high of the day trading at $569.53, before ultimately starting the downtrend throughout the day, continually selling, making new lows, and slicing anyone who attempted to buy the dip.
Conditions only continued to get worse as we inched closer and closer to $560. At $560, we hovered at that level ever so slightly before watching as the markets sold off again, going on to make the official low of the day and this trading year at $555.60. Conditions at the bottom were harsh, but thankfully, there were some opportunities to allocate leading into close as $SPY did pop back up leading into close where we officially ended the day with $SPY trading at $560.58, down $15 for the day, or down just shy of 3%.
Again, hopefully, you all were able to survive and realize a significant amount of gains while trading yesterday, but I know that with the market conditions looking rough, many traders did, unfortunately, generate losses. Hopefully, the generated losses were minimized, and you had fun trading.
S&P 500 Heat Map - 03/10/2025
Thoughts & Comments for Today - 03/11/2025
“Hopefully,” is a better day for the markets, but if I am honest, conditions only continue to look rough. I do not see any technical signs of a reversal in the markets. As much as I would love to be overly optimistic about these conditions, the bearish momentum we’ve seen over the previous couple of weeks has started to take its toll. I am not saying that you should be overly bullish or bearish today, but I believe you should be rational and realistic with your goals in these markets.
I still believe that there is an extremely high likelihood of the markets breaking out and providing us with opportunities to allocate and realize gains in the short term. I also believe that this is a “Buy the dip” opportunity. But what I can say is despite this being a buy-the-dip opportunity, conditions have been challenging to navigate with both comfort and confidence.
Please continue to tread lightly and practice safe risk management in these conditions. I’ve seen some traders blow up their accounts, and I’ve seen some traders print. It all comes down to the opportunities you are looking for and the market momentum.
I will say that these conditions are not for the lighthearted, though, as we can easily see some significant chop that ultimately will generate losses, as well as people making substantial directional bets when the momentum is unfavorable. This is not ideal as a significant amount of risk is involved with trading in this manner. Yes, the upside potential is heavily skewed, where in the case that conditions work out perfectly, you’ll to completely fine, the issue is just simply when you are fighting the market momentum and are stuck in a place where you are consistently losing, averaging down on a contract, and preparing to take a loss. So please, do what you can to protect yourself in these times, and understand the risk you take.
It would be more ideal if the markets were consistently going up. Still, I just know that we are in a situation where many traders are confused, we are hovering in extreme fear, and the bearish momentum has been extremely rough. But what I can say is just to remember that despite how harsh these market conditions have been for the previous couple of weeks, when the markets inevitably start to recover, we will see a significant amount of bullish momentum unexpectedly hit the markets. Again, I do not know the catalyst for the reversal, but I just have an inkling in my gut that we are getting close to the bottom. Does that mean it’s true? Not at all. So, we will see what happens in these conditions because your prediction is as valid as mine. (Even though my opinion is more valid than yours in my opinion)
For my allocations today, I will say that the plans are not to gamble but to attempt to trade. I will say that I intend to trade less today than I have over the previous couple of days, but at the same time, I am just not comfortable knowing what is currently happening in the markets. I still do believe that this is a buy-the-dip opportunity. Still, I am remaining nimble and fluid with my position, willing to get in and out of any position at any time; it is just a matter of being able to enter into a position with confidence, where it is simply not just taking on risk, to take on risk simply. I want the edge on any play I enter and am excited to see where it goes!
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, $TSLA, $RIVN, $INTC, $NVDA, $AAPL
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $RIVN
Economic News for 03/11/2025 (ET):
NFIB Optimism Index - 6:00 AM
Job Openings - 10:00 AM
Notable Earnings for 03/11/2025
Pre-Market Earnings:
Kohl's (KSS)
Viking (VIK)
Ciena Corporation (CIEN)
DICK'S Sporting Goods (DKS)
United Natural Foods (UNFI)
Ferguson (FERG)
Korn/Ferry International (KFY)
After-Market Earnings:
Heritage Insurance (HRTG)
Casey's General Stores (CASY)
Stitch Fix (SFIX)
loanDepot (LDI)
Westrock Coffee Company (WEST)
Pursuit Attractions (PRSU)
Cadre Holdings (CDRE)
Wrap up
Hopefully, markets recover today and provide us with some insane bullish momentum. I'm counting down the days until we get our reversal, but the count only continues to increase for some reason! No, but in reality, just remember that we are in extreme fear. Buying organizations is difficult, mostly knowing that we are taking on a significant amount of bearish market momentum. It's hard to buy with confidence in these conditions. Still, as long as you make proper speculative bets that you are both comfortable with and confident in, you should be completely fine and be provided with opportunities to trade and realize some gains.
So, make the most of the market conditions today, and have some fun!
Good luck trading today!