HaiKhuu Daily Trading Report

Good morning, and happy Friday! Merry Christmas! I hope you are ready for Meme Feast 2024, as Roaring Kitty is going LIVE today at Noon EST. $GME is up to $62 a share at the time of writing this report, and market conditions are going to be all eyes on $NVDA & $GME today. Please prepare accordingly and protect your bottom line, but prepare for what is genuinely going to be an amazing opportunity to ride and trade the market momentum!

Please continue to tread lightly and protect your bottom line if you are attempting to trade either $NVDA or $GME today, but have some fun, as this is genuinely going to be an insane day to attempt to trade.

We will be streaming the Roaring Kitty Event LIVE in the HaiKhuu Discord, so make sure to tune in while you can!

Opportunity is among us, so let’s have some fun and end this week with a BANG!

Good luck trading, and may the memes be with you!

The updated $SPY daily levels are as follows:
Conversion Line Support: $526.89
Baseline Support: $517.49
Psychological Support: $500
Daily Cloud Support: $509.09

Thoughts & Comments from Yesterday, 06/06/2024

Yesterday was a menacing day for the stock market. Conditions were extremely choppy and neutral despite making a NEW official all-time high on $SPY, and we watched as $NVDA slipped heavily while $GME decided to absolutely RIP. Many opportunities were presented to us as a result, and many traders were able to realize a significant amount of gains with relative ease!

We started the day with $SPY trading at $534.97, looking relatively strong before quickly moving up at open. During the strength, $SPY went on to make the official high of the day, and new all-time high trading at $535.41. Conditions looked phenomenal, but the sentiment, unfortunately, was extremely short-lived as $SPY did come down slightly after making the high before watching the markets continually sell off into the lunchtime session.

During lunch, $SPY made a relative low, trading right around $533, before recovering nicely as volume came back into the markets, but right around 2 pm EST, the entire recovery was quickly sold off as $SPY quickly shot down to make the official low of the day trading at $532.68. This snipe was extremely sudden but provided us all with an amazing opportunity to attempt to buy the dip and watch it rally. We pushed up slowly after making the official low of the day, ending the day with $SPY trading at $534.66, down $0.01 for the day, or down 0.0019% from the previous close.

It was a rather uneventful day for the markets, but we did make a NEW all-time high in the process, and we watched as $GME ripped up 50%. This is going to be another insane trading day today, so I hope you all are prepared and ready for what is going to be an extremely hectic time!

Thoughts & Comments for Today, 06/07/2024

Today is going to be one of the most insane and volatile days in the markets, depending on what you are watching, and I think that today is going to be Christmas for retail traders. With $NVDA stock split happening today after hours and Roaring Kitty going live, we are in a place where the markets can go absolutely insane. So please look out for opportunities that are being presented to us, and capitalize on any and EVERY single one of them.

We can very, very easily realize a significant amount of gains today, and I know that many of you are going to be able to do that with no problem at all. But at this point, you have to tread extremely lightly on these market conditions. Many organizations are heavily overpriced, including both $GME and $NVDA, but they have a chance to move in an irrational way to generate a significant amount of gains, so please, please, please, tread lightly and practice safe risk management in these conditions to guarantee the opportunities available to realize gains in a reasonable fashion.

I will be calling out opportunities throughout the entire day in both $GME and $NVDA, but the one thing that I genuinely ask of all of you is to make sure to practice risk management today. I need to caution everyone that a LOT of people are going to be able to generate some life-changing money today, but at the same time, many people are going to generate some life-changing losses at the same time. So do what you can to protect your bottom line, tread lightly, and do what you can to minimize your risk in these conditions.

For my allocations today, I do not know how much trading I will be able to do. I plan on spending the majority of my day looking at opportunities and shouting them out when they are presented to me. We had some amazing shout-outs yesterday, and I plan on attempting to do the same thing today. The positions are not going to be consistently presented to us because that is not how the markets work, but I will shout out any opportunities that I see that are presented to me in real time!

So let’s have some fun trading together today and see what happens to $GME, AMC, and $NVDA!

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, $GME, $NVDA, $GME, $NVDA, $GME, $NVDA

LONG OPPORTUNITIES:

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

Economic News for 06/07/2024

Unemployment Rate - 8:30 AM
Wholesale Inventories - 10:00 AM
Fed’s Cook - 12:00 PM
Consumer Credit - 3:00 PM

Notable Earnings for 06/07/2024

Pre-Market Earnings:

J. Jill (JILL)

Wrap up

This is going to be an amazing day for the markets, with many phenomenal opportunities being consistently presented to us. Please continue to tread lightly and practice safe risk management, but do what you can to maximize the amount of realized gains that you will be able to generate here in the short term. Many traders are going to have a phenomenal time as a result of $GME and $NVDA going crazy, so let’s realize some gains, have a lot of fun, and prepare accordingly for what is going to be the equivalent of Christmas for an 8-year-old, for retail traders today!

Good luck trading, and let’s end this week strong!!!

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HaiKhuu Daily Report 06/07/2024