HaiKhuu Daily Trading Report

Good morning, and happy Thursday!!! You can’t get rid of ME this easily! I am back in the States and ready to conquer the markets with all of you! Thank you all for being understanding over the previous couple of days, and are ready for what is going to be an amazing time with phenomenal opportunities. Markets are looking strong, $NVDA continues to push NEW all-time highs, and markets are primed to continue to rally!

At the time of writing this report, $SPY is above the previous all-time high and is trading north of $550. Conditions are looking extremely strong, and I hope that everyone is excited.

This is going to be an amazing day, so let’s take advantage of the opportunities presented to us and do what we can to maximize our profits today. Many traders will be able to generate life-changing money. This is going to be a lot of fun, and I am excited to experience this together with each and every one of you!

Good luck trading, and let’s see where $SPY is headed today!

The updated $SPY daily levels are as follows:
Conversion Line Support: $540.34
Baseline Support: $533.49
Psychological Support: $500
Daily Cloud Support: $509.67

Thoughts & Comments from Tuesday, 06/18/2024

Tuesday was an amazing day for the markets despite being relatively choppy. We watched as $SPY ripped to make a new official all-time high, and $NVDA became the most valuable company in the world, surpassing both $AAPL and $NVDA. It is amazing watching as we have a new mega-cap rip and claim that title, as there has been an almost ungodly move over the previous two years in the organization. Congratulations to everyone who has been holding that organization!

So we started Tuesday with $SPY trading at $547.15. Conditions were not ideal in any way, shape, or form, but opening green is better than opening red in any capacity. $SPY quickly moved up but consistently rejected $548 within the first hour of the day before starting to sell off, leading into the lunchtime lull, making the official low of the day with $SPY trading at $546.74. Conditions were not ideal at the bottom, but thankfully, the markets were able to recover quickly in the process and started to display strength afterward.

Throughout the lunchtime session, $SPY recovered all that was lost and quickly displayed strength, rallying back up to continually make new all-time highs and chopping around slightly. We went on to make the official high of the day and all-time high, with $SPY trading at $548.60. Conditions at the time were not absolutely perfect, but a new all-time high is a new all-time high!

After making the official all-time high, the markets did drop slightly afterwards, to come back down and chop around $547.50. Conditions at this time were relatively rough, as $SPY continued to hover around that level and did not display much strength in the process, but thankfully, we did see a beautiful movement up on $SPY leading into close. We ended the day with $SPY testing the all-time high and officially closing the day trading at $548.49. Up $1.40 from the previous close, or up roughly 0.25%.

Tuesday was a beautiful day for the markets as $SPY continued to rip new highs, with $NVDA leading the charges. There is a new sheriff in town, and his name is Jensen Huang. These conditions have been absolutely amazing, and I hope that each and every one of you has been able to realize a significant amount of gains in these conditions because let’s be real. It is almost hard to lose in these market conditions. Let’s see what today has in store for us and prepare accordingly!

Thoughts & Comments for Today, 06/20/2024

I am expecting that today is going to be an interesting yet very exciting day for the markets. I am skeptical because these conditions are getting to the point where things are getting to be too good to be true. But as a preschool teacher once said, you get what you get, and you don’t get upset, and I do not believe anyone is truly upset that $SPY has only continued to rally over the previous couple of days. My sentiment in the markets is the same as it has been previously, where you should continue to tread lightly in these market conditions. it is hard to allocate here while everything is overpriced, but despite this, look for opportunities to trade and allocate with comfort and confidence.

If you are attempting to capitalize on this market momentum, my previous statements remain true. Look to actively scalp and trade in these conditions. Allocating here is extremely difficult, as many equities are heavily overpriced and difficult to purchase, and remain confident with your allocation. If you can look to take advantage of the short-term momentum and opportunities in the markets, you will be in a great spot with minimal downside risk, but it is just a matter of remaining extremely consistent and profitable despite it being difficult to allocate into the markets.

On top of capitalizing on the short term momentum in the markets, please just remember to continue to practice safe risk management. This may be the time that market conditions are extremely strong, and that it sounds like a great idea to take on a significant amount of risk, but this is not the time. There is smart risk, and there is dumb risk; smart traders will take on extra exposure because they are bullish, and dumb risk is taking on risky exposure because they want to be bullish. Just remember that there is a difference, one will be enjoying margaritas on the beach, while the other burns their money in the markets. Take your pick on which you’d rather be!

For my allocations today, per the requests of multiple people, I will be looking more for swing trade opportunities when they are available versus active day trades. I am just being transparent here when I say this: these alerting swing trades are going to be difficult to find consistently in real-time and have the confidence to alert them when I see them, but I will do my best to find some solid allocations that we can grab, and swing trade easier for the people who are not able to actively day trade, or scalp in the same manner that we do. I will be adjusting my focus from active day trades and scalps to more swings, but don’t worry, I’ll still be looking for day trade opportunities too! ;)

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, $AMD, $TSLA, $RIVN, $MSFT, $AAPL, $ULTA, $LULU

LONG OPPORTUNITIES:

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

Economic News for 06/20/2024

30-Year Mortgage Rate - 7:00 AM
Jobless Claims - 8:30 AM
Housing Starts - 8:30 AM

Notable Earnings for 06/20/2024

Pre-Market Earnings:

Aurora Cannabis (ACB)
Accenture (ACN)
Kroger (KR)
Darden Restaurants (DRI)
Jabil (JBL)
Tsakos Energy Navigation (TNP)
Winnebago Industries (WGO)
Commercial Metals Company (CMC)
GMS (GMS)

After-Hours Earnings:

Algoma Steel Group (ASTL)

Wrap up

This is going to be an amazing day for the markets with many great opportunities to trade and realize a significant amount of gains. I hope you all are excited, have been realizing some gains, and are hyped for today. We are in a state of euphoria in the markets and have been in a while. There is no reason you should be a Debbie Downer and try to kill the mood, but please, just at the same time, be cautious and make sure to practice safe risk management in the process. This is going to be a lot of fun today, so…

Good luck trading, and let’s see how high $SPY can rip!

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HaiKhuu Daily Report 06/20/2024