HaiKhuu Daily Report - 09/12/2024
Good morning, and happy Thursday! I hope you all feel AMAZING after yesterday and are counting your dollars at the bank! We told you there was a reversal coming, but no one was expecting it to happen almost instantly. I’ve been joking about not being able to keep my streak up since going 4/4 on Apple, but I was able to nail the bottom on $SPY, not only once but TWO DAYS in a row, with yesterday being over a 1,000% runner from the initial entry. Most traders were not able to capitalize on the entirety of the movement, but regardless, some traders were able to and generated a significant amount of gains as a result.
I am just being honest; today is going to be another great day for the markets, but I genuinely do not know how to top that performance. I’ll try my best to continually get more plays that provide us with a significant return in a short period of time, but I am not going to promise that type of movement will happen again in the short term, nor will any of my plays get that type of return again. Regardless, I’ll still try my best for you all and do what I can to help you all realize a significant amount of gains in the process!
This is going to be another fun day with significant economic news, so please continue to tread lightly and make the most of today!
Good luck trading today, and let’s realize a significant amount of gains today!
The updated $SPY daily levels are as follows:
Conversion Line Support: $551.82
Baseline Support: $541.04
Psychological Support: $550
Daily Cloud Support: $535.14
Thoughts & Comments from Yesterday, 09/11/2024
Yesterday was an amazing day for the markets and an even better day for traders in the HaiKhuu Trading Community. Many traders generated some life-changing money, and as a result, I am extremely happy with the results that came yesterday. I am sure that everyone else, myself included, is kicking themselves for taking profit too early.
The day started off normally, with $SPY opening at $548.72, down ever so slightly from the previous close, and watched as $SPY sold off throughout the entire morning. Conditions were rough as genuinely, the first hour and a half was only non-stop selling, but I believe that is where the fun really started.
At 10:38 a.m. EST, I alerted everyone within the HaiKhuu Discord that if $SPY hits $540, I will be grabbing some 0-dte calls. I did this so they would be able to load up on positions with us… and man was that the right move.
$SPY went on to make the official low of the day at $539.96, and we watched as the markets ripped through the lunchtime session and throughout the afternoon, recovered all of the losses generated, and rallied $15 from the bottom.
Genuinely, no one expected that large of a move in such a short period of time, but at the same time, that is just the markets. They are unpredictable, but as a result of that, the contracts that I alerted rallied over 1,000% from the initial entry, genuinely making many traders some life-changing money in the process.
We ended the day with $SPY trading at $544.42, up $5.60 for the day, or up roughly 1%, but in reality, there was so much more opportunity that was presented to us. Markets dove $10 from opening to recover $15 afterward. Many traders could have taken advantage of the market conditions yesterday, and anyone who followed us should have realized a significant amount of gains! Congratulations to anyone who realized some nice gains off our alert, and if you missed out on that play, don’t feel bad. I personally missed out on easily $35,000+ in potential realized gains yesterday. But hey, as I say… C’est la vie!
S&P 500 Heat Map - 09/11/2024
Thoughts & Comments for Today - 09/12/2024
Today is honestly setting up to be another fun day for the markets. If that remains true or not, is the real question that people should be considering. There is a good chance that this market momentum will continue, but at the same time, we will have major economic news coming out during the pre-market session, where anything can genuinely happen. Please continue to tread lightly as the markets have moved up significantly from the bottom, which is a great sign, but it also means there is a chance that we will quickly snap back and go on to sell off. Ideally, we do not sell off, but I am just being realistic with you all about the current conditions. Do I want the markets to sell off? Zero shot. I love these conditions, but again, I would rather warn you all early than hear that the unexpected bearish movement ultimately ends up wiping out some traders and killing some portfolios. So please, if anything. Make sure to practice safe risk management today because I think that many traders are going to have difficulties navigating today.
In reality, I do think that the markets can easily continue to move up though, after the movement we saw yesterday, I think that we can get back into a spot where we start to discuss the possibility of making a NEW all-time high, but I would not bet or expect a movement like that here in the next couple of days. $SPY needs to move up a little under 2% from where we are placed right now, and as a result of that, we either will see a beautiful movement in a single day where we rip to that high, or we will see a consistent trickle up, where $SPY is reclaiming small movements inching closer and closer to that high until we make it. I would ideally like the inch and crawl method as that means that the price action is sustainable, but in reality, anything can happen at any time. We can pump, we can dump, we can start drawing those cool 1990s S’s in the markets. No one knows what is about to happen, but all I know is some traders are going to have an absolutely amazing time, while other traders unfortunately get wiped in the process.
If you could not tell, I am advising caution while attempting today, mostly because traders are extremely optimistic about the movement we saw yesterday. This may lead to irrational sizing and allocations just to force a position they want to capitalize on.
For my allocations today, if I am being completely honest with you, I have a couple of meetings today, and I need to drop a Uhaul back off. I will attempt to trade around open, but as a result of yesterday, unless there is significant bullish momentum right after the markets open, then I realistically am not looking forward to consistently trading throughout the day. I’ll see when there’s an opportunity, but I will not be looking to be overly aggressive while attempting to trade if I decide to. So don’t expect any crazy 1,000% runners today, but I’ll see what I can to make us a couple of quick bucks!
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, $INTC, $AMD, $GME, $TSLA, $AIFF, $RIVN
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 09/12/2024 (ET):
Initial Jobless Claims - 8:30 AM
Core PPI - 8:30 AM
Monthly Federal Budget - 2:00 PM
Notable Earnings for 09/12/2024
Pre-Market Earnings:
Signet Jewelers (SIG)
Kroger (KR)
Caleres (CAL)
MYT Netherlands Parent (MYTE)
After-Market Earnings:
Adobe (ADBE)
Farmer Brothers (FARM)
Wrap up
Hopefully, economic news during the pre-market is strong enough to keep the general market momentum favorable and profitable today. I think we should be able to capitalize on these market conditions with relative ease, but at the same time, we are in a place now where market conditions are going to be difficult to navigate with confidence. Expect volatility and difficulty navigating these conditions, but at the same time, I think that we are going to realistically see confidence coming back into the markets as a result of a day like yesterday. Please tread lightly and practice risk management, but have some fun in the process, and do what you can to realize a significant amount of gains!
Good luck trading, and let’s see where $SPY takes us today!