HaiKhuu Daily Report 04/01/2024
Good morning, and happy Monday! I hope you all had an amazing weekend, and for those celebrating Easter, I hope you had a great Easter. Markets are looking strong during the pre-market session, and at the time of writing this report, $SPY is trading above the previous all-time high. Prepare for some tomfoolery in the markets today, as headlines will be interesting throughout the day as companies will be joking and posting news for April fools. Continue to capitalize on the strength in the markets and look to realize gains in the process. This should be a fun time as a result of the ongoing market conditions and should provide us with some great opportunities. Everyone should be able to realize gains with relative ease today, and it is just a matter of finding the right positions and timing everything out correctly.
Regardless, this should be an extremely fun week for the markets full of opportunities. Seize the opportunity and have a great time.
Good luck trading, and let’s see where $SPY goes this week!
The updated $SPY daily levels are as follows:
Conversion Line Support: $518.36
Baseline Support: $515.17
Psychological Support: $500
Daily Cloud Support: $494.39
$SPY Daily Candles - [03/28/2024]
Thoughts & Comments from Last Week
Last week was a beautiful week for the markets despite having relatively low volatility and momentum. Conditions were great as we watched as many organizations rallied and watched as $SPY made a new all-time high. Conditions were tough to navigate as a result of low volatility, but it was perfect for the traders who were able to follow the momentum in the markets. It was a lot of fun trading, but difficult for some. We watched as $DJT and $RDDT hit the top of many traders' watchlists and watched as $DXYZ rallied with all of us in it. It was a great time with lots of potential.
For the overall week, it really was a stock pickers market. With $SPY remaining relatively neutral, most investors did not see any significant realized gains, and many had a tough overall time, with the majority of investors allocating to tech. $MSFT was down 2% last week, $NVDA was down 1%, while $META was down 4.4%. Apple did remain black, being up 0.06%, and we watched as $TSLA was up 1.72% and $GOOGL was up 2.4%. If you threw a dart against the heatmap of last week, I would say there is a solid chance that, realistically, you’d be down and having a difficult time navigating the markets, but as I said before. It was really a stock pickers market, where if you were able to trade and remain fluid with your positions, you’d do just fine.
Traders had a great time last week as there were opportunities to catch momentum across the board. $TSLA rallied $15 between Monday and Tuesday, $RDDT ripped up 40% in a day, and watched as $DJT made its 52-week high, and technically all-time high, trading at $79.38. $RDDT and $DJT also provided us with a great opportunity to short in the process, as $DJT is down over 20% from the top, and $RDDT was down over 30% from the top.
There were opportunities presented to us consistently last week, but it was just a matter of catching those positions in real-time and being able to follow the market momentum. I was excited as last week was one of the best weeks I’ve had trading this year, and it genuinely was a lot of fun realizing gains with the community. We did watch as, on Friday, $SPY did make an all-time high, which provided us with both excitement and the opportunity to scalp in the process.
We hope you all had a lot of fun trading and realizing gains last week; hopefully, you all did phenomenally and enjoyed the process. It was a great time trading with you all, and I am very excited to see what happens this week!
Heatmap - $SPY 03/28/2024
Thoughts & Comments for Today, 04/01/2024
Today should be a lot of fun. With $SPY trading above its previous all-time high going into open, traders are going to be optimistic and look for opportunities to capitalize on the strength in the markets, giving up an opportunity to take advantage of this confidence in the markets. Look to follow the trending organizations and have a great time in the process. This is going to be another week of traders' paradise; it is just a matter of whether the overall markets remain neutral and if you are able to continually capitalize on the strength in the markets. I would not advise looking to speculate unless you have a certain confidence and simply follow the momentum. There is no reason you should try and predict which is the next organization to reverse and move, unless you have confidence in it. It will be a lot easier to simply follow the trend and allocate accordingly.
Just make sure to practice risk management in these market conditions. Many organizations are heavily overpriced at this point, and I am genuinely disgusted with some of these evaluations, but that does not mean you should be bearish on these organizations in the short term. There are some, including $RDDT and $DJT at the top that you should be bearish on, but organizations like $NVDA are overvalued but realistically will continue to trade at a significant premium, and I would not advise attempting to short one of the industry leaders, as they can very easily continue to rally with little to no justification outside of general demand. Just ride the strength and confidence in the markets and be smart in the process.
For my allocations today, I plan on keeping things relatively simple. I don’t anticipate aggressively scalping; I plan on simply allocating with relative confidence and looking to go long with a couple of organizations that I believe are undervalued. I’ll look to scalp when I have the confidence to do so, but I will be more looking to follow the momentum in the markets via allocating into a day trade. I am thinking of getting an extremely light allocation into $LULU for a long position with the free capital that I have available. This is not going to be an aggressive allocation, but more so a smaller position that I have both comfort and confidence in here in the short term. If I decide to get into any other plays and see opportunities, I’ll announce what I see in the HaiKhuu Discord.
One organization that I am really interested in today is allocating into $NGGYU. I do not know if I am legally allowed to disclose this, as this is insider information, and I can get in a lot of trouble if the SEC gets involved. You know the rules, and so do I, but I just have to put this on your radar. $NGGYU is currently trading on the OTC markets but has a significant amount of potential as they are looking to list on the NYSE under the ticker $ROLL. This is one position that will never let you down, and I would never tell you a lie and hurt you. We’ve known each other for so long, and you know I would never let you down. I am hyper bullish on this organization and I just want to tell you how I am feeling about the organization, and I fully believe that this is going to be a runner. They have participated in many recent acquisitions and have recently gotten into AI. There is a lot of potential in this organization, and I just want to put this on your radar. If you want a link to the insider information I got, here is a release of their earnings report that is coming out soon: SOURCE
HaiKhuu Proprietary Algorithm Report:
Last week was a great week for the algorithm, performing in line with $SPY, with significantly less risk and overall exposure. Returns were on par with $SPY, where if you took an equal allocation in every position, you would have net 0.18%, with no overnight exposure and little to no general exposure in the markets when not in a position, versus having a full allocation in $SPY throughout the entire week. I think that it is a win for the recent improvements in the system, and I am excited to see these results.
Stats:
Largest Win:
$RCL Long - Net +1.72%
Largest Loss
$BLDR Short - Net -0.37%
If you want to read the full Algorithm Report, Check it out HERE
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, $RDDT, $LULU, $TSLA, $RIVN, $NVDA, $AMD, $ASML
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $BA
Confirmed Re-entry - $RIVN
Economic News for 04/01/2024
S&P Global US Manufacturing PMI - 9:45 AM
Construction Spending - 10:00 AM
ISM Manufacturing PMI - 10:00 AM
3&6 Month Bill Auction - 11:30 AM
Notable Earnings for 04/01/2024
Pre-Market Earnings:
SIGMA Lithium Corporation (SGML)
After-Market Earnings:
PVH Corp (PVH)
Microvast Holdings (MVST)
Canoo (GOEV)
Zoomedica (ZOM)
New York City REIT (NYC)
Pioneer Power Solutions (PPSI)
Wrap up
This is going to be a fun week for the markets with an opportunity to watch as $SPY makes new all-time highs. Hopefully, market conditions will continue to remain optimal and strong, and we will all be able to capitalize on the markets with relative ease. It should be a fun time with lots of opportunities being presented to us, so seize those opportunities and look to realize as many gains as possible!
Good luck trading, and let’s see a new all-time high on $SPY!