HaiKhuu Daily Report - 03/24/2025
Good morning, and happy happy Monday!!! I hope you traders are well rested and are ready for today! Market conditions are looking strong during the pre-market session. If you have not attempted to purchase this dip, this is your last chance to do so, in my opinion. We are seeing the first signs of a reversal from the bottom, and with conditions looking optimistic and strong, I only hope this bullish momentum continues.
As always, just continue to protect your bottom line, buy some fundamentally solid organizations at an extreme discount, and then enjoy the opportunities and momentum afterward. Traders shouldn’t be overly aggressive, but you should not be passive in any way, shape, or form.
Also, if you haven’t checked out the WEEKLY PREVIEW, please do so to prepare accordingly for all of the news and economic events this week!
Good luck trading this week, and let’s watch as $SPY rallies back to $580!
The updated $SPY daily levels are as follows:
Conversion Line Support: $547.07
Baseline Resistance: $536.72
Psychological Support: $550
Daily Cloud Resistance: $553.37
Thoughts & Comments from Last Week
Last week was an interesting week for the overall markets. There was a significant amount of weakness but opportunity consistently presented across the board, and it simply was a question of if you could capitalize on the market conditions with relative ease. Those who were fluid, skilled, or simply lucky should have realized gains trading last week with ease, but anyone attempting to scalp and got knocked around by chop had a tough week. Hopefully, you all were able to realize some gains and have some fun because, again, last week was, in my opinion, a hoot and a half!
We started the week with $SPY opening at $562.67. Market conditions were not ideal at the time, but we watched as $SPY did inch closer to reversing. We finally came up and broke through the conversion line last Monday for the first time in multiple weeks, almost an entire month. It was a great way to start the week, but we watched as weakness formed in the back half of Monday and watched as that seeped into the back half of Tuesday.
Tuesday was slightly red, but after the selling that was incurred, the $3 in selling was not that significant.
Wednesday, we broke back above the conversion line and displayed a significant amount of confidence, and Thursday, in my opinion, was the account-killing day.
Market momentum on Thursday was the worst throughout the entire week. We watched as there was a nice sized recovery on Wednesday, to watch $SPY dive on Thursday, recovering beautifully, only to sell off once again leading into the close. $SPY ripped $7 from the open to the top and watched as $SPY dropped $7 from the top to end the entire day at only $0.50. Many traders printed in the process, but if I am being honest with you, Thursday, with 100% certainty, was one of the worst days I’ve seen in the markets in a long time and was a catalyst to many people, unfortunately, blowing up an account.
Regardless, Friday was a fun way to end the week! Market conditions opened up rough, gapping down heavily, displaying a significant amount of weakness, but thankfully, that was extremely short-lived as market momentum continually picked up throughout the entire day, continually rallying from the bottom and displaying a beautiful amount of confidence.
We officially ended the week with $SPY trading at $563.98, up just over $1, or up just under 0.25%. I would say that was not really the best week trading, but if I am just being completely honest, as a result of last week, it confirms by bias even more that THIS is the time to attempt to buy the dip, as we are starting to see signs of a reversal on a larger scale. So please tread lightly in the short term, but we are going to have a lot of fun and realize a significant amount of gains if the markets continue to rally from here!
S&P 500 Heat Map - Last Week
Thoughts & Comments for Today - 03/24/2025
Today is setting up to be an amazing day for the overall markets. There is a significant amount of strength across the board, and the pre-market session is looking absolutely amazing. Please continue to tread lightly on these conditions, but I think we are going to see a significant amount of strength and confidence in an extremely short period of time, and once the markets do ultimately reverse, then we will hopefully watch as $SPY rallies beautifully over the next couple of days.
However, we are seeing signs of a reversal in the overall markets. We formed a bullish Doji candle last week on the $SPY weekly chart, while we are opening this week with $SPY gapping up, above the daily conversion line, and inching closer and closer to the daily baseline. Give it a couple of days, and once we see that baseline start to adjust, I believe that, realistically, we are going to see $SPY be able to reclaim that support and provide a lot more confidence to many traders!
As I have said before, there are going to be many opportunities to actively trade and capitalize on these conditions. The bears have done well over the previous couple of weeks, but I think that it is time to finally strike back. If you have been purchasing strong equities over the previous couple of weeks, continue to hold them and then get more bullish exposure. Again, this is not financial advice nor a signal to buy or sell any position, but at the same time, Ik is just being completely honest with you by saying that I have been actively purchasing equities and am very excited to see where these positions take us today.
Just buy the dip. Get strong equities at this time, and try to stay away from option contracts unless you are selling premium here at the bottom or are looking to get leaps on equity positions you already are holding. Just again, take advantage of these conditions. Fundamentally solid organizations that are underpriced are exactly what you should look for in these conditions.
But if you make sure to do anything, just practice safe risk management. That’s obviously not the best advice if I believe that the markets are going to move up, because it would seem the most logical to take on the most risk as possible now, so then when the markets rally, we will be able to capitalize on everything with ease, but what happens if you purchase an option contract that expires worthless, or the organization you are invested in becomes insolvent. So, practice risk management when buying this dip, but have some fun with it!
Again, I do not anticipate gambling in the markets, but I do have some bullish exposure that I will watch throughout the day. Throughout the time that the markets have been dropping, I have been slowly picking up stronger equity positions in longer accounts, and I have $TSLA as one of my main active positions. With the contract I grabbed being roughly $15 ITM now, I am going to continue to retain exposure and see where the markets ultimately take that position over the next week or so before I ultimately cut the position. So, we will see where the markets take us today and have some fun!
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, $TSLA, BTC, $GRYP, $RIVN, $NVDA, $INTC, $AAPL, $AMD
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 03/24/2025 (ET):
Services PMI - 9:45 AM
Manufacturing PMI - 9:45 AM
Notable Earnings for 03/24/2025:
Pre-Market Earnings:
Intuitive Machines (LUNR)
PAVmed (PAVM)
After-Market Earnings:
KB Home (KBH)
Enerpac Tool Group (EPAC)
Dragonfly Energy Holdings (DFLI)
Wrap up
Hopefully, this is the bottom and we are only going to see a beautiful reversal from here. It would not surprise me if market conditions weakened, but I will remain optimistic, believing that we are starting to see signs of a reversal and slight strengthening in the markets. We will see where the markets take us today, do what we can to maximize our profit potential, and just have an amazing time in the process. Markets will be a great time, so let’s make the most of it and have some fun!
Good luck trading, and let’s kill it this week!