HaiKhuu Daily Trading Report

Good morning, and happy Tuesday! Before we get into everything, I just want to say congratulations to everyone who has been holding $DXYZ with us. $DXYZ has been up over 800% since the initial entry and has been a beautiful ride. I hope you all are doing well and are excited about today. $SPY is relatively neutral right now, actively testing the daily conversion line support/resistance level, and this should be a lot of fun. We will either will break out or sell off soon, so look to follow the direction and momentum of the markets today and enjoy the ride. There will be many opportunities to trade and realize significant gains in the process. I am excited about these market conditions, and I hope you are too!

Good luck trading, and let’s print some money today!

The updated $SPY daily levels are as follows:
Conversion Line Support/Resistance: $518.68
Baseline Support: $514.76
Psychological Support: $500
Daily Cloud Support: $501.21

Thoughts & Comments from Yesterday, 04/08/2024

Yesterday was a tough day for the markets, but we watched as $DXYZ made traders millions of dollars. Organizations were really hit or miss, with some organizations doing well, some organizations remaining black, and many organizations remaining red. There was a lot of confusion as there were extremely mixed results, but thankfully, it was a day full of opportunity and the ability to realize gains with ease. I hope you all had some fun and capitalized on the momentum in the markets.

We started the day with $SPY opening slightly green at $519.14 and watched as open was slow, but organizations were volatile. $SPY dropped for a little before rallying to make the official high of the day, trading at $520.17 within the first hour. Conditions were great at the top, but it was extremely short-lived. As we headed into the lunchtime lull, $SPY came down extremely consistently, going on to make the official low of the day trading at $517.90. Conditions were not great and, honestly, a little bit surprising, but thankfully, the markets recovered as $SPY went on to trade around $519 and remained consistent for the rest of the day.

Power hour was filled with a little bit more excitement as $SPY quickly popped up but unfortunately continued to come down into close. We ended the day with $SPY trading at $518.72, up $0.29 for the day, or up approximately 0.6%, with an intraday bearish movement of $0.42.

As I said before, it was a tough day for the overall markets, but then we watched as $DXYZ, a major outlier, rallied 70% and is up over 800% from when we initially alerted the position. This has been a crazy run for them, and this is not a suggestion to get into the organization at this point. It is highly overvalued, but we can continue to watch this squeeze until it ultimately drops.

Thoughts & Comments for Today, 04/09/2024

Hopefully, today will be a better day for the general markets. With $SPY actively testing the daily support level, we should see movement, but it would not surprise me if we ended up remaining neutral. So, tread lightly and look to follow the momentum if we ultimately find a direction we want to take. In the case that we break out, look for an organization that is trending heavier than the rest and look to allocate there to maximize your potential for realized gains, but in the case that the markets start to come down, look to short highly overpriced high beta equities to maximize your gains. Regardless of where we go and what direction we end up taking. Maximize your gains. There is no reason to be passive if you are attempting to actively scalp and day trade, but at the same time, just make sure that you are practicing safe risk management and limiting your downside risk.

I just want to warn you ALL about $DXYZ right now. At the moment, they are up significantly, but I would not advise ANY of you to purchase shares, mostly at this price. Equity is extremely overvalued and is a terrible investment right now. Yes, there is potential for the organization to continue to move up, but looking at their financial statements, which can be found HERE, you will see the NAV (net asset value) per share is only $4.84. They have roughly $50M in investments, but the fund is trading at over a 20x multiple right now. This is a VERY, VERY overpriced position, mostly as it is trading at a high, and I would advise you all to be extremely cautious attempting to purchase here. Again, yes, this may continue to go up in the short term, but just remember that the organization is heavily overpriced and, realistically, will need to come back to reality. It is extremely risky attempting to short this position as it continues to go up, but I think we are about to see one of the MOST disgusting bearish movements we will see in modern markets really soon. Tread lightly and prepare accordingly. I will be happy to buy $DXYZ when it comes back down to reality, but I would not recommend anyone attempt to buy it here.

For my allocations today, I do plan on attempting to scalp only if there is overall market movement that we can capitalize on with confidence. My holdings have been performing well over the previous couple of days and I am extremely excited as a result of that. I do not want to overstep my boundaries and respect the positioning in my portfolio as I genuinely am happy with it, but with that said, I will be risking a portion of it attempting to actively short $DXYZ when given an opportunity to do so.

If I see any opportunities, or 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, $DXYZ, $LULU, $ULTA, $RIVN, $TSLA, $BA, $NVDA

LONG OPPORTUNITIES:

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

Economic News for 04/09/2024

NFIB Small Business Optimism - 6:00 AM
Redbook - 8:55 AM

Notable Earnings for 04/09/2024

Pre-Market Earnings:

Tilray (TLRY)
Neogen Corp (NEOG)

After-Market Earnings:

Aehr Test Systems (AEHR)
PriceSmart (PSMT)
WD-40 Co (WDFC)
Smart Global Holdings (SGH)

Wrap up

Hopefully, this is a better day for the overall markets, with opportunities being consistently presented to us. Look to follow the momentum and opportunity in the markets, and just make sure to practice safe risk management. Warning again: please do not buy into $DXYZ. Equity is heavily overvalued, and I personally will be looking to actively short it when given an opportunity to do so.

Good luck trading, and let’s see where the markets take us!

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HaiKhuu Daily Report 04/09/2024