HaiKhuu Daily Trading Report

Good morning, and happy Friday! I hope you all are excited about what the markets have in store for us today! Conditions were looking strong during the pre-market session when I wrote this report, so please look to take advantage of these conditions and do what you can to maximize your profits.

Many traders today are going to be able to realize a significant amount of gains with relative ease, so please do what you can to maximize your profits and practice safe risk management. Traders today should have absolutely zero issues attempting to trade, so capitalize on the opportunities that are amongst us and do what you can to realize as many gains as possible during this time.

We are getting extremely close to making a new all-time high in the markets, so if conditions remain favorable, just remember that a new all-time high is within the realm of possibility.

Good luck trading, and let’s see if $SPY will make a new high!

The updated $SPY daily levels are as follows:
Conversion Line Support: $544.86
Baseline Support: $534.24
Psychological Resistance: $550
Daily Cloud Support: $518.01

Thoughts & Comments from Yesterday, 06/27/2024

Yesterday was an extremely tough day with many difficulties and inconsistencies. $SPY chopped within a +/-$1.50 range from open and continually chopped around, making trading extremely inconsistent and difficult to have confidence in either direction. Opportunities were amongst us, but navigating the conditions was more difficult than we could have expected.

We started the day with $SPY looking alright during the pre-market session, where we opened the day with $SPY trading at $545.39, down $0.12 from the previous close, but pushed up from open to make the official high of the day within the first hour, trading at $546.96. Conditions were not perfect, but for the movement we saw, it was nice. Then, $SPY started to come down accordingly over the next couple of hours, slowly but extremely steadily. Leading into the lunchtime lull, we were continually making new relative lows, but thankfully, after testing $545, we were able to watch as the markets rallied from the bottom, pushing up to $546 once volume came back into the markets.

After making the relative high, we watched as market conditions were relatively uneventful for about an hour before we started to sell off again. We went on to make the official low of the day, trading at $544.61. Conditions at this time were not great, making the official low leading into powerhour, but powerhour is when conditions started to heat up and accelerate beautifully.

During powerhour, $SPY did have continued bullish momentum, recovering the majority of the losses that were generated during the previous selling, and ripped up for the final five minutes of the trading day, where we ended the day with $SPY trading at $546.37, up $0.86 for the day. It was a difficult time to realize a significant amount of gains in the process, but traders were presented with many opportunities to capitalize on the difficult conditions that were available. Regardless, life moves on and I hope that you all were able to realize a significant amount of gains during the process! Let’s see what happens in the markets today, and let’s see if we make a new all-time high!

Thoughts & Comments for Today, 06/28/2024

Today is going to be an extremely interesting time for the markets, but I think that we should remain extremely optimistic. With the way the markets stand during the pre-market session, we are seeing an extremely high probability that $SPY makes a NEW all-time high. We are less than 0.5% away from hitting that mark, and we can realistically hit it in a short period of time, assuming markets remain favorable. Conditions are strong at the moment, so it would not surprise me to see another breakout.

But as I have been saying, cracks are forming in our foundation. Conditions are amazing, and there is no reason why we should not be able to capitalize on the opportunities that are being presented to us, but please, look to tread extremely lightly. Despite conditions remaining optimal, you know the markets can remain irrational longer than any of us can stay solvent. So please, do what you can to maximize your profit potential but protect your bottom line. Make smart decisions, allocate accordingly, and capitalize on the strength of these conditions.

The organizations two organizations I will have my eyes on primarily today are $NVDA and $AMZN. $NVDA is an extremely strong organization that has been extremely volatile over the previous couple of months and will be the primary driver of general market movement and sentiment. Obviously, there are other factors that go into the markets, but $NVDA will be one of the biggest catalysts to see any sort of significant movement. $AMZN, on the other hand, is an amazing organization that has continued to make new all-time highs. I feel that they are a sleeper when it comes to megacap organizations as many individuals are not watching nor actively trading them, in comparison to other names like $NVDA, $AAPL, and $MSFT.

If everything works out perfectly, as I said before, I believe there is an extremely high likelihood that $SPY will make a new all-time high! Please do what you can to maximize your profit potential and take advantage of these market conditions. There is no reason why traders do not have a phenomenal time, and I will do my best to find you opportunities to trade throughout the day. This will be a lot of fun, so let’s have an amazing time and see where the markets take us!

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, $RIVN, $NVDA, $AMD, $MSFT, $AAPL, $AMZN, $GOOGL

LONG OPPORTUNITIES:

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

Economic News for 06/28/2024 (ET):

Fed’s Barkin Speaks - 6:00 AM
PCE Price Index - 8:30 AM
Consumer Spending - 8:30 AM
Chicago PMI - 8:45 AM
Inflation Expectations & Consumer Sentiment - 10:00 AM
Fed Monetary Policy Report - 11:00 AM
Fed’s Bowman Speaks - 12:00 PM

Notable Earnings for 06/28/2024

Pre-Market Earnings:

No Earnings Scheduled

Wrap up

Hopefully, we will see a continuation of strength in these market conditions. We are within striking distance of a new all-time high, so remain optimistic and do what you can to maximize the amount of gains you are able to realize in a short period of time. Markets are going to be good, life is going to be great, and I am genuinely extremely excited to see where these market conditions. Let's realize a significant amount of gains and have an amazing time!

Good luck trading, and let’s see a new $SPY all-time high!!!

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HaiKhuu Daily Report 06/28/2024