HaiKhuu Daily Trading Report

Good morning, and happy Thursday! I hope you beautiful people are feeling amazing, mostly with these market conditions remaining extremely strong at this moment. It would not surprise me if the strength in the market conditions continues, so buckle in because this is going to be a BEAUTIFUL ride. Please make sure to take advantage of any and all opportunities that are presented to you, and just make sure to protect your bottom line. Just because market conditions are amazing does not mean that losses cannot be generated. If anything, traders are put at a higher risk as a result of market conditions becoming stronger and more favorable here in the short term. As they say, the bigger they are, the harder they can fall. We are still neutral on the fear and greed index, so the markets can easily continue to rip from here, but please tread lightly, as once the markets start to fall, everything will come crashing down. But that time is not now. Prepare accordingly for the future, but capitalize on any and all opportunities that are presented to you at this moment.

Let’s have a fun day for the markets and do what we can to maximize the potential that is provided to us!

Good luck trading, and let’s realize some gains!!!

The updated $SPY daily levels are as follows:
Conversion Line Support: $531.24
Baseline Support: $529.63
Psychological Support: $500
Daily Cloud Support: $509.24

Thoughts & Comments from Yesterday, 06/12/2024

Yesterday was an amazing day for the overall markets. There was a significant amount of strength, opportunity, and momentum that could been very easily capitalized on. Many traders were able to realize a significant amount of gains with ease, as $SPY, $MSFT, $AAPL, $NVDA, and many other organizations made NEW all-time highs. Yesterday was one of the easiest days I’ve seen in a while for the markets, but difficult if you attempted to catch the run a little too late. Regardless, C’est la vie, let’s talk about the day.

So, we started the day with $SPY during the pre-market session, ripping on CPI data and pushing $SPY well above the previous all-time high. We opened the day with $SPY trading at $541.59. Conditions were beautiful after the rally during the pre-market session, and $SPY, right after open decided to continue to rally, pushing roughly $3 from open, and making a relative high trading right under $544. Conditions did slow down from the top as markets started to drop after making the official high of the day, coming down and selling off slowly during the lunchtime lull and remaining relatively neutral with no great opportunities to trade after the large movement during the pre-market session, and everyone waiting for both FOMC and Jerome Powell to start speaking.

Leading into FOMC, the markets did not have any type of significant move, but we did watch as the second that rates were announced to be unchanged, $SPY did drop quickly, before recovering all of the losses that were incurred. As Jerome Powell was speaking, market conditions did get funkier, as we pushed up slowly while he started talking, before quickly selling off, before quickly ripping to make a NEW high of the day, and an all-time high on $SPY trading at $544.12. Conditions were beautiful but not ideal as Jerome Powell was continuing to speak, and as he was stepping off stage, $SPY sold off heavily from the top to go on and make the official low of the day, trading at $540.30 before recovering slightly into close.

We ended the day with $SPY trading at $541.36, up $4.41 for the day, or up 0.82%, with an intraday bearish movement of roughly $0.20. I think that it is genuinely hilarious that $SPY was up significantly above the previous all-time high, but we ended the day being red intraday. Well, I hope that you all were able to capitalize on the strength in the markets with us and realized a significant amount of gains in the process. Life is great, and the markets are treating us extremely well, so let’s see where the markets end up going today and do what we can to maximize profits!

Thoughts & Comments for Today, 06/13/2024

Today is setting up for what should be an extremely strong day. With the underlying strength in the markets at the moment, there is almost no reason why people should not be optimistic, and if you are attempting to be a pessimist… the past couple of months must have absolutely sucked for you. $SPY is looking amazing, market conditions are looking strong, and there is an extremely high likelihood that the markets continue to move up with the comfort that people are feeling at the moment.

As I have said before and will happily say again, with retail continuing to trickle into the markets, we should only continue to make new highs in the markets unless there is a mass exodus event. We should only continue to thrive during the summer and push up leading into the election season. These conditions remain extremely ideal; now, it is just a matter of capitalizing on the opportunities while they are presented to us.

Look to continue scalping, trading, and allocating to the markets under these conditions. I will say that I am personally hesitant to allocate long at these points as the markets have continued to rally, but that is just a part of these market conditions. I am a lot more comfortable and confident with attempting to allocate here in the short term as market conditions become more favorable, but at the same time, I would not personally suggest attempting to be overly bullish for both safety and logistics reasons.

If you are still holding long positions in your portfolio from an amazing price, please continue to do so as you are in an amazing position, and realistically, you should have a phenomenal time simply holding strong equities and watching as the markets are extremely favorable. The only issue is if you are attempting to allocate long NOW versus back a couple of months, if not years ago, when equity prices were significantly lower.

For my allocations today, I do not anticipate trading at all in any way, shape, or form. With the strength in the current markets, I will be more focused on alerting strong equity positions for you all, as well as working on pushing out some new developments that we are creating. We will be launching a NEW AI software to the discord with a target launch date of next week, and I am extremely excited to see how you enjoy the software!

So, let’s see what these market conditions have in store for us, and again, please make sure to practice safe risk management!

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

LONG OPPORTUNITIES:

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

Economic News for 06/13/2024

PPI - 8:30 AM
Jobless Claims - 8:30 AM
FOMC Member Williams Speaks - 12:00 PM
30-Year Bond Auction - 1:00 PM

Notable Earnings for 06/13/2024

Pre-Market Earnings:

Signet Jewelers (SIG)

After-Market Earnings:

Adobe (ADBE)
AMMO (POWW)
High Tide (HITI)
Iteris (ITI)

Wrap up

This is going to be another extremely fun day for the markets, with opportunities being consistently presented to us. Please continue to tread lightly on these market conditions and make sure that you are looking to capitalize on the strength in the markets. These conditions are beautiful, and there is no reason anyone should not be excited with the markets continually moving up with strength. Let’s see what the markets do from here, see if we make a new all-time high, and enjoy the process of realizing some gains together!

Good luck trading, and let’s see where we end up today!

Join Our FREE Trading Community!

HaiKhuu Daily Report 06/13/2024