HaiKhuu Daily Trading Report

Good morning, and happy Wednesday! This week has been absolutely FLYING by, so I hope you all have enjoyed all of the fun opportunities that have been presented to us in these conditions. $SPY just had its highest record closing price, and conditions are looking primed to continue to rally. There is an extremely high likelihood that $SPY will make a new all-time high today, so tread lightly but look to follow the general momentum in the markets. Conditions are remaining strong, and this is looking like it’s going to be an amazing opportunity to realize a significant amount of gains.

Be smart and safe while allocating today, but there is no reason why you should not try to capitalize on this market strength and have a great time in the process.

As a side note, Bitcoin has made a new all-time high, displaying significant strength and providing traders with confidence in these market conditions.

Good luck trading, and realize some gains today!

The updated $SPY daily levels are as follows:
Conversion Line Support: $511.57
Baseline Support: $504.47
Psychological Support: $500
Daily Cloud Support: $485.35

Thoughts & Comments from Yesterday, 03/12/24

Yesterday was a beautiful day for the markets, with $SPY continually pushing throughout the early morning and displaying a significant amount of both strength and opportunity across the board. Many organizations rallied as $SPY bounced off of the daily conversion line and provided us with an amazing opportunity to trade. Hopefully, you all capitalized on the general market momentum and didn’t get stopped out at the bottom like I did…

We started the day with $SPY looking strong, up slightly during the pre-market session on economic news, opening the day trading at $513.41. Conditions were strong at open, but $SPY did display some quick weakness, dropping down extremely quickly to make the official low of the day about 20 minutes into the trading day at $510.86. This was an extremely quick and bloody drop, but it reversed perfectly and rallied to make a relative high, trading right above $516. Conditions were extremely strong, but we did watch as $SPY went from the relative high to having an unfortunate downtrend for a couple of hours into the early afternoon as active buying momentum was nowhere to be found, and we were matched with slow blood. $SPY did make a relatively low trading right under $514, but thankfully, during the back half of the afternoon, $SPY did recover and rally into close.

Market conditions in the back half of the afternoon remained consistently bullish as markets were strong, and we rallied to make the official high of the day, trading at $517. 36, right before close, where $SPY closed at the highest point it has ever closed, ending the day at $516.78, up $5.50 for the day, or up approximately 1.1%, with an intraday bullish movement of $3.37.

It was a beautiful day for the markets, with many opportunities to trade and realize some gains. Hopefully, you all had a great time, and hopefully, none of you called the bottom, got perfectly kissed out of your position, and called that $SPY was going to rally $6 in the next hour because it would really suck to be that person. (That’s exactly what happened to me)

Thoughts & Comments for Today, 03/13/2024

Today should be a fun day for the markets. I expect to see momentum that we can capitalize on while also expecting chop in the markets. If you are attempting to trade today, look to practice safe risk management, but at the same time, look to take advantage of the momentum and opportunities that are presented to us. Do not attempt to fight the trend, and look for organizations that have a significant amount of potential. Many traders are going to be able to realize a significant amount of gains by simply riding the momentum, so look to do exactly that. This is obviously easier said than done, but it is something that, realistically, is something all of us can do today.

A couple of organizations that I have my eyes on today are $SNAP and $META. Two publically traded social media companies that have been interesting recently. There is a new bill that the House is voting on today, which could possibly ban TikTok. Lawmakers are arguing that TikTok is a national security risk as a result of the Chinese government having access to every user’s data via ByteDance. Realistically, I think there is a very low likelihood of the ban going into place, and if anything, TikTok would simply spin off to become its own organization, separated from ByteDance. This will increase volatility and momentum in both $SNAP and $META, which could provide us all with some great opportunities to trade and realize gains.

There are going to be many other organizations you can continue to watch, obviously, but the biggest focus you should have, if you are attempting to actively trade, is to make sure that you are following the momentum in the markets and capitalizing on trending stocks. Do not attempt to scalp an organization that is not trending, and simply ride the momentum. It’s easier to ride a wave that has already formed than to predict where the next wave will come, but at the same time, do not FOMO into an organization that has already moved up significantly, as you can easily get burnt getting into a trending organization too late. As long as you practice safe risk management, you should have no issues at all capitalizing on these market conditions, with little to no downside risk.

For my allocations today, I do not intend on actively scalping. This is not due to any weird reason, but I have been working on a thesis on $RIVN for the past day and I have personally been very interested in finishing up the thesis for everyone. I’ll look to trade for the first half hour of the day, but I do anticipate that the large majority of my day will be spent actively watching and building out that thesis for you. Hopefully, I will be able to finish the thesis today and update it, but I genuinely hope that it provides you with enough research and all of the resources necessary to come to a conclusion on how you should navigate the organization! Again, I’ll still continue to call out the opportunities and plays that I see, it’s just my main focus today will not be to actively scalp and day trade.

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, $BA, $TSLA, $RIVN, $META, $SNAP, $GRYP, $NVDA, $SMCI, $AMD

LONG OPPORTUNITIES:

Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $BA
Confirmed Re-entry - $RIVN

Economic News for 03/13/2024

MBA 30-Year Mortgage Rate - 6:00 AM
30 Year Bond Auction - 12:00 PM

Notable Earnings for 03/13/2024

Pre-Market Earnings:

ZIM Integrated Shipping (ZIM)
Dollar Tree (DLTR)
Arcos Dorados (ARCO)
Williams Sonoma (WSM)
Colgate-Palmolive (CL)
Petco (WOOF)
Vera Bradley (VRA)
ProFrac Holding (ACDC)

After-Market Earnings:

UiPath (PATH)
SentinelOne (S)
Lennar (LEN)
Vroom (VRM)
GrowGeneration (GRWG)
Turtle Beach (HEAR)

Wrap up

This should be another fun day for the general markets, with opportunities consistently presented to us. There should be enough volatility that we should not have any difficulties at all realizing gains, so be smart and safe in the process of trading today, but do everything that you can to maximize the amount of gains that you are able to generate as always, and practice safe risk management. I’ll work on my $RIVN thesis today when market conditions slow down and, hopefully, will be able to get it fully published today.

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

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HaiKhuu Daily Report 03/13/2024