HaiKhuu Daily Report - 11/06/2024
Good morning, and happy Wednesday! Apparently, we survived another day without nuclear fallout, and we HAVE A NEW PRESIDENT. CONGRATULATIONS TO TRUMP FOR WINNING THE ELECTIONS, AND LET’S ENJOY ANOTHER FOUR YEARS OF PHENOMENAL MARKET CONDITIONS! I am extremely excited for EVERYONE as markets are looking amazing, traders are printing, and everyone should make some money today!
Markets have rallied, we have reclaimed daily support, and conditions are looking BEAUTIFUL. I just want to congratulate everyone who capitalized on that amazing dip-buying opportunity with us and is ready to print with our community over the next four years!
If you are not in our exclusive trading community or are not seeing our entries in celebration of the elections, use discount code “USA” and a 100% FREE month of our exclusive community; sign up HERE!
Regardless, this is going to be an amazing day for the markets, and many traders are about to realize a significant amount of gains in an extremely short period of time. So, let’s have some fun and make the most out of today!
Good luck trading, and let’s print some money!
The updated $SPY daily levels are as follows:
Conversion Line Support: $576.17
Baseline Support: $575.69
Psychological Support: $570
Daily Cloud Support: $563.51
Thoughts & Comments from Yesterday - 11/05/2024
Yesterday was an absolutely amazing day for the overall markets, with most organizations rallying beautifully leading into the elections! Conditions were amazing, and many traders realized significant gains on an insane day to trade! Hopefully, you all had an amazing time because the conditions were BEAUTIFUL.
We started the day with $SPY trading at $570.81. Conditions were looking great at open, and we watched as conditions continued to get stronger and stronger throughout the morning, going on to watch $SPY test $575 within the first hour of the day. It was a beautiful rally from open, but conditions continued to remain relatively neutral, remaining around that $575 level for the large majority of the day. Conditions, once we got to that level, were rather slow and uneventful as we hovered at $SPY $575 for the majority of the day, getting to that level right before the lunchtime lull and remaining at that level throughout the entire afternoon, only rallying slightly leading into the market close.
During powerhour, we did start to see more bullish momentum as traders were extremely confident in their positions, resulting in a rally leading into close, where we made the official high of the day, literally in the last candle, where we ended the day with $SPY trading at $576.70, up $6.89 for the day, or up approximately 1.2%. Market conditions were amazing, and traders were presented with some great opportunities to realize a significant amount of gains.
Congratulations to everyone who was able to capitalize on the bullish momentum of yesterday, and realized a significant amount of gains with us in the process. It was an amazing time, and I am extremely excited to see where the markets take us today!
S&P 500 Heat Map - 11/05/2024
Thoughts & Comments for Today - 11/06/2024
Today is going to be an extremely fun time for the markets. With the markets being excited about the Trump win, there is going to be a significant amount of bullish momentum that we can all easily capitalize on, but now it is just a matter of actually doing it. I will warn you that it will be difficult to purchase with confidence, mostly as everything has moved up significantly, but that is why you buy the dip. I personally would not recommend attempting to get in at this point unless you are still hyper-bullish, but I would still advise you to attempt to trade and realize a significant amount of gains today, as there will be confidence and momentum that you can capitalize on. Please remain rational while attempting to enter, but at the same time, take on some risk to make the most of these market conditions.
If you are attempting to allocate into the markets today, here are two good ways that you can capitalize on this momentum. The first one is the easiest to recreate: look for organizations that are based out of the US, that have a significant amount of strength and confidence, mostly with Trump, that would do well over the next couple of years, that have been negatively impacted and are currently undervalued. Simply look to buy and hold positions that fit under this category, and then just let the position gradually move up.
If you are too impatient to hold an investment, then look to actively trade the short-term momentum and potential in the markets. Many traders are going to be able to realize a significant amount of gains today, mostly with the confidence that will be displayed everywhere in the markets today. I think that this is going to be one of the best conditions to attempt to trade today, so look to follow the money. Find the sectors that are rallying the most, allocate accordingly, and capitalize on the strength. There is no reason why you should try purchasing a laggard, anticipating that they will move up eventually, but you are better, in my opinion, purchasing the organization that is already moving and is displaying a significant amount of confidence. Assuming that is the scenario, then conditionally, we should be able to win with relative ease.
I feel like I have to say this in general, but please make sure to practice safe risk management at this point. I would not ever advise taking a significant amount of risk in these conditions, but I would advise taking on smart risk just to be able to capitalize on the strength in these conditions. Just make sure to size accordingly and make smart decisions, as traders, in reality, can very easily capitalize on today, but at the same time, are purchasing equities at an increased evaluation. So what would you rather do? Pay a premium to get into a position, or miss out? Take your pick, but I think one, at least here in the short term, is a better call.
For my allocations today, I anticipate keeping my same sentiment. I am holding a bunch of positions, and I will let them run and ride, but at the same time, I do anticipate attempting to trade today. Positions may be smaller or more passive as a large portion of my capital is tied up in allocations right now, but I am happy regardless holding a significant amount of positions leading into this cycle, so let’s make the most of this and have some fun!
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, $DJT, $INTC, $BTC, $NVDA, $TSLA, $RIVN, $GRYP, $BA
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $BA / $RIVN
Economic News for 11/06/2024 (ET):
Services PMI - 9:45 AM
Notable Earnings for 11/06/2024
Pre-Market Earnings:
Novo Nordisk AVSN(NVO)
CVS Health (CVS)
Howmet Aerospace (HWM)
Cedar Fair Entertainment (FUN)
Teva Pharmaceutical (TEVA)
American Electric Power (AEP)
Honda Motor (HMC)
Toyota Motor (TM)
Sunoco (SUN)
Brink's Company (BCO)
After Market Earnings:
Arm Holdings (ARM)
AMC Entertainment (AMC)
QUALCOMM Incorporated (QCOM)
e.l.f. BeautyN(ELF)
Clover Health (CLOV)
Energy Transfer (ET)
Lyft (LYFT)
Zillow (Z)
FICO (FICO)
Coherent (COHR)
Wrap up
This should be an extremely fun day for the markets with many amazing opportunities to trade and realize a significant amount of gains. I hope you all are ready, and I hope that you all have an amazing time in the process. Many traders are going to be able to realize a significant amount of gains today with relative ease, so do what you can to make the most of these conditions, and let’s have an absolutely amazing time!
Good luck trading, and let’s see another massive breakout!