HaiKhuu Daily Trading Report

Good morning, and happy Thursday! Markets are up at the time of writing this report and testing the all-time high! This should be an extremely fun day for the markets with many opportunities for everyone who is involved. Conditions are strong and opportunity is among us. Look to ride this momentum and take advantage of these conditions. $TSLA has continued to display weakness, dropping during the pre-market session and solidifying its place as the worst-performing organization in the S&P 500. This is an unfortunate reality for the organization, but hopefully, it will bounce back soon. Look to continue to follow the trending organizations and only allocate when you are comfortable with the depth, and confident in the direction.

Let’s have some fun actively trading today because there will be many great opportunities that are available to us!

Good luck trading, and let’s realize some gains!

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, 03/13/24

Yesterday was a tough day for the markets. They were extremely slow and inconsistent but allowed both bulls and bears to trade and realize gains. Unfortunately, not many gains were generated, and unrealized losses struck our portfolios. There were opportunities, but they were few and far between, and it was difficult to spot and allocate to them in real time. Hopefully, you all were able to capitalize on the momentum in the markets yesterday and realize gains in the process.

We started the day with $SPY opening at $517.09, displaying strength at open but dropping off right away to actively test $516 right from open. Conditions were not looking strong, and we watched as $SPY recovered from $516 but continued to drop back to that point until the afternoon. During the afternoon, we watched as $SPY displayed some general strength as we were breaking out slightly, with $SPY making the official high of the day, trading at $517.28 before displaying a significant amount of weakness afterward.

$SPY got shot during powerhour, dropping over $2 in a matter of minutes to go on to make the official low of the day, trading at $514.49, down heavily and creating a significant amount of both fear and confusion in the process. We did watch as the markets recovered slightly into close, as $SPY ended the day officially trading at $515.97, down $0.81 for the day, or down approximately 0.16%, with an intraday bearish movement of $0.81.

It was not an easy day to navigate the markets, but I would not say that it was difficult. It was definitely a tougher day, but overall, a tough day in the markets is not going to kill anyone, most with $SPY being down 0.16% overall. We are due for some blood in the markets, but yesterday was not that day.

Thoughts & Comments for Today, 03/14/2024

Today is setting up to be another fun day for the markets. Conditions are looking strong as $SPY is actively testing an all-time high, and markets are looking great across the board. I am very excited to see where the markets go today, and I hope that you all are, too. As I said before in the report, I would say there is an extremely high likelihood that $SPY will make an all-time high today, but as always, I will warn you all to tread lightly in these conditions and not attempt to be overly bullish, as conditions are strong, but this is a stock pickers market, where you cannot blindly enter into any organization and pray that you are right. Look to allocate into the organizations that are displaying general confidence, and simply just ride the momentum.

Attempting to find undervalued equities right now is difficult, but there are a couple that catch my eye. The first one I want to talk about is $TSLA. It is a phenomenal organization that, in my opinion, is heavily undervalued right now, but I would suggest being extremely careful with this position, as despite them being undervalued, they have been having an extremely tough time recently, with multiple downgrades and selling. Realistically, I do believe that this is an organization that has a lot of potential, but at the same time, it is an organization that, realistically, can continue to come down as there is not much confidence in the current operations. They will not go bankrupt anytime soon, but this does not mean that they will not realistically continue to come down. All $TSLA needs is a couple of good days of strong bullish momentum to move back up, but it is just a matter of how long it will take to move back up and, realistically, how much farther down it can fall before it starts to recover. So please, be careful and cautious if you are attempting to allocate into $TSLA and understand the amount of risk you are taking on while allocating here, while understanding the upside potential. As long as the risk-reward ratio is tolerable and something you want to take on, keep $TSLA on your watchlist, as this is one of those organizations that are high beta and will have a volatile move.

The other organization is $BA; this organization has had a difficult time over the previous couple of weeks, from doors falling off to wheels falling off and one of their whistle-blowers, by random chance, dying. All of these, on top of other operational issues they’ve been going through, have been a difficult time for the organization and have negatively impacted the equity of the organization. Yes, I do believe that $BA is in a tough general spot, but you have to remember that this is $BA and that, realistically, over a long enough timeframe, it will all come out in the wash. This is an organization that makes the large majority of airplanes for the US, has multiple government contracts, and has outstanding deliveries that need to be fulfilled. It is almost impossible to compete with $BA, and over the long run, in my opinion has great potential to recover. When I talk long-term timeframe on $BA, though, I am not talking days or weeks, but more so months or years. So take this into account if you are looking into $BA, or attempting to allocate into them.

If it is not clear, I personally am biased in both of these organizations, as I am allocated directly to both of the organizations, but it is simply just me being honest about both my views and opinions on the organization, mostly at the current prices they are at. Please make sure to practice safe risk management and limit your downside risk as much as possible in these conditions, as conditions are strong in the markets, but both of these organizations are underperforming.

For my allocations today, I do not plan on actively scalping, but I do intend on trading and allocating long into the markets. I believe there is a high likelihood that the markets breakout from here, but it is just a matter of which allocations I decide to take on today to increase my long exposure. I am holding $TSLA, $RIVN, $BA, $GRYP, AND $DG at the moment and will watch how those perform on an intraday basis. I most likely will add to more organizations today, so if I decide to get into any other plays and see opportunities, I’ll announce what I see in the HaiKhuu Discord.

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, $DG, $BA, $TSLA, $RIVN, $GRYP, $NVDA, $AAPL, $MSFT

LONG OPPORTUNITIES:

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

Economic News for 03/14/2024

Producer Price Index (PPI) - 7:30 AM
Jobless Claims - 7:30 AM
Retail Sales - 7:30 AM
Business Inventories - 9:00 AM
Fed’s Balance Sheet - 3:30 PM

Notable Earnings for 03/14/2024

Pre-Market Earnings:

Dollar General (DG)
Dick's Sporting Goods (DKS)
Futu Holdings (FUTU)
Canadian Solar (CSIQ)
Build-A-Bear (BBW)
GoHealth (GOCO)
RumbleOn (RMBL)
KE Holding (BEKE)
Hello Group (MOMO)

After-Market Earnings:

Adobe (ADBE)
Blink Charging (BLNK)
Ulta Beauty (ULTA)
Smartsheet (SMAR)
Zumiez (ZUMZ)
Tillys (TLYS)
Getty Images (GETY)
Playboy Group (PLBY)

Wrap up

This will be a fun day for the markets, so look to take advantage of these current market conditions and be smart and safe in the process, but at the same time, make sure to increase your risk to maximize the amount of gains you are able to generate. Many traders are going to have a difficult time today, but the best traders are going to be able to generate a significant amount of gains. Be smart and safe in these current conditions, and do everything that you can to maximize your profits. This will be a great time, so let’s have some fun and realize some gains!

Good luck trading, and let’s see a new all-time high on $SPY!

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HaiKhuu Daily Report 03/14/2024