HaiKhuu Daily Trading Report

Good morning, and happy Tuesday! Markets are coming down at the time of writing this report, and conditions are continuing to display signs of exhaustion in the markets. Markets were strong yesterday, and we might see another bullish movement today, but the overall movement comes down to the sentiment driven by $NVDA and the direction that it ends up going. So please continue to tread extremely lightly on these market conditions, and do what you can to maximize your profit potential!

This report will be slightly shorter, so our apologies for that, but thank you all for understanding!

Good luck trading, and let’s have a fun time today!

The updated $SPY daily levels are as follows:
Conversion Line Support: $527.63
Baseline Support: $522.73
Psychological Support: $500
Daily Cloud Support: $509.09

Thoughts & Comments from Yesterday, 06/10/2024

Yesterday was quite the toss-up for the markets. We saw choppy bullish conditions that could have been easily capitalized on while watching as $NVDA remained extremely choppy after its stock split. Unfortunately, $ AMD was downgraded, but for the overall markets, we saw some beautiful opportunities to trade and realize gains with relative ease!

We started the day with $SPY opening at $533.24. Conditions were not ideal as we opened the day up slightly red, but there was slow but extremely consistent bullish momentum throughout the entire day. We watched as early in the morning, $SPY did drop ever so slightly, going on to make the official low of the day trading at $532.58 before rallying beautifully, and I am proud that we were able to alert a reversal on $SPY at $533, as that was an EASY easy winner for anyone who followed those plays. Conditions remained relatively strong throughout the rest of the morning as $SPY did continually rally in the process, going on to push into the lunchtime session, and continued to move up afterwards.

There was some slight bearish momentum as volume came back into the markets, but watched as $SPY pushed up extremely nicely afterward, going on to make relative highs, trading above $535.

The back half of the day was difficult to navigate as conditions were choppy, but remained optimistic as the markets continued to move up, where $SPY pushed up into close, making the official high of the day trading at $535.99, before coming back down and ending the day trading at $535.66, up $1.65 for the day, or up approximately 0.3%.

I am very happy with the consistency of the alerts that I am posting in the HaiKhuu Exclusive Room in the HaiKhuu Discord, so if you have access to our exclusive areas, please continue to watch those signals when they get sent out as if anyone followed our plays yesterday, you would have realized a significant amount of gains, with little to no effort in the process!

Thoughts & Comments for Today, 06/11/2024

Today is going to be an amazing day for the markets with many phenomenal opportunities not only to trade, but the ability to realize gains extremely consistently. I believe that traders in these market conditions should prepare for optimism in the markets while remaining skeptical over the fact that we are displaying short-term weakness. As I have said before, please continue to watch $NVDA. They will be the sentiment drivers for the day, and traders should be able to realize gains extremely consistently with opportunities being presented to us. If you are attempting to trade, be smart and safe while allocating and managing risks that are involved.

If you are attempting to allocate into $NVDA, regardless of the direction, I think that you are attempting to enter too soon. With the split just happening, I believe that there are too many inconsistencies right now to be comfortable or confident with an allocation in either direction. The equity is overvalued, but there is strength, so it is tough to be bearish on a larger timeframe, while at the same time, if you are attempting to go long in the organization, we are a couple of dollars below the previous all-time high, but the equity is heavily overvalued. We can easily drop, but it is just a matter of remaining consistent and practicing safe risk management. I think the best way that you can capitalize on these current market conditions is by honestly continuing to scalp and day trade it when possible. Many traders are going to be able to realize a significant amount of gains when attempting to capitalize on.

If you are attempting to scalp, though, I am still firm on my stance that right now is a trader's heaven. Traders will be able to realize a significant amount of gains with relative ease; it is just a matter of remaining consistent and decreasing your downside potential. There are going to be many amazing opportunities to trade; it is just a matter of capitalizing on everything in real-time.

Please just continue to practice safe risk management during this time. We are due to see a large bearish movement in the markets soon. I don’t think that it is going to happen today, but there is a shot that it will happen tomorrow on major economic news. So tread extremely lightly, look to realize gains wherever possible, and minimize the amount of risks that you are creating right now.

For my positions today, I will continue to remain relatively passive. I’ve been holding positions for a while now, and I am looking to continue holding those same positions while calling out other opportunities. I’ll look out for scalping and day trading opportunities. Please note that in my alerts, the performance is extremely consistent, but the frequency of the positions is going to be relatively inconsistent. I am not going to alert positions that I do not believe have potential, and if an opportunity is not presented, I will not force myself to announce a position. I would rather not alert something than alert something that I have zero faith in. Thank you all for understanding, this is for both safety and consistency sake.

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, $NVDA, $GME, $INTC, $AMD, $RIVN, $TSLA, $AAPL, $MSFT

LONG OPPORTUNITIES:

Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $BA

Economic News for 06/11/2024

NFIB Small Business Optimism - 6:00 AM
Redbook - 8:55 AM
52-Week Bill Auction - 11:30 AM

Notable Earnings for 06/11/2024

Pre-Market Earnings:

Academy Sports (ASO)
Motorcar Parts of America (MPAA)

After-Market Earnings:

Oracle (ORCL)
Casey's General Store (CASY)
Mama's Creations (MAMA)

Wrap up

This should be a fun day for the markets with many phenomenal opportunities being presented to us. Let’s continue to capitalize on these opportunities in the markets, and hope that $NVDA continues to rally and provides us with an opportunity to realize a significant amount of gains with ease. I am excited about these conditions, and I hope that you all are too!

Good luck trading, and let’s see what $SPY has in store for us!

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HaiKhuu Daily Report 06/11/2024