HaiKhuu Daily Report - 11/13/2024
Good morning, and happy Wednesday! Wow, markets still look beautiful, and I am waiting to wake up from these dreamy market conditions. For those who are in $RIVN with me, $RIVN just ripped up 15% as a result of the VW / RIVN partnership, resulting in all of us printing a significant amount of money literally overnight. Conditions are beautiful, our positions are beautiful, and everyone should have an amazing time today!
I am super excited to see where the markets ultimately take us, so continue to tread lightly as conditions are looking weaker, but thankfully opportunities will be consistently amongst us to realize a significant amount of gains today with ease.
This is going to be an amazing day for the markets, so make the most of these conditions, realize some gains, and make the most of it, as $SPY is starting to slow down as we reject $600. I’ll talk more about this later on in the report but for now…
Good luck trading today, and LET’S PRINT SOME MONEY!
The updated $SPY daily levels are as follows:
Conversion Line Support: $584.03
Baseline Support: $584.03
Psychological Support: $600
Daily Cloud Support: $563.53
Thoughts & Comments from Yesterday - 11/12/2024
Yesterday was a tougher day to navigate, but man, oh man, did we have some fun? There was bullish momentum and bearish momentum. Everyone had an opportunity to have some fun; it just depended on what you wanted to play! Opportunities were consistently available to us, but it was difficult to capitalize on these conditions with 100% confidence and certainty.
We started the day with market conditions looking relatively okay, opening at $598.72, relatively black from the previous close, but we saw as there was a lot of opportunity and volatility in the markets. We popped slightly at open to make the official high of the day trading at $599.29 before starting to slowly sell off, and we watched as the markets continually sold off until after the lunchtime lull, where $SPY went on to make the official low of the day trading at $594.39.
Conditions at the bottom were tough, dropping roughly 1% from open, but conditions did thankfully strengthen in the afternoon as there was a beautiful rally from the bottom, with $SPY rallying and making a relative high again around $598, leading into power hour.
Power hour was a slow and bearish time for the markets as we watched $SPY continually drop from that $598 level, going on to end the day trading at $596.90, down $1.86 for the day, or down roughly 0.3%. I will say that it was a difficult time to capitalize on these market conditions as there was a lot of volatility and momentum in both directions, but if you were actively trading with us, you should have had an amazing time as we alerted the bottom almost perfectly to a T, and alerted an entry for a short leading into close. It was a beautiful day, and watching $RIVN rip 10% after hours was the cherry on top.
Congratulations to anyone who realized anything of any major significance yesterday. Many traders had an amazing time, and I hope that YOU were one of those traders! Let’s see what today has in store for us, and have some fun!
S&P 500 Heat Map - 11/12/2024
Thoughts & Comments for Today - 11/13/2024
Today should be another interesting day for the markets. I want to be overly optimistic and bullish in these conditions, but we are starting to see some weakness in the general markets that I want to warn you about. Again, market conditions are extremely strong, and I do not advise you to be bearish, but with the way the markets are set up, I just want to warn you all about what is going on.
Right now, on the $SPY daily, we are setting up a weak, bearish TK crossunder. It is not a confirmed reversal from the top just yet, but we are starting to see signs of a reversal on a larger scale. Things can obviously change at any moment, but I am just warning you about what I am seeing. $SPY rejected $600, we are starting to see some weakness coming from the semiconductor market, and the euphoria of the market pump from the Trump election is slowing down. I believe that once crypto starts to slow down, then we will be in a place to consider shorting the market (again with that 3-5%) downside PT and look for a great opportunity to buy the dip. Again, I am not advising to be overly bearish, but I am suggesting everyone to be cautious and careful in these market conditions, while doing what they can to maximize the amount of profits they are generating here in the short term.
My advice for everyone is to remain optimistic but realistic and a little skeptical in these market conditions. If you are up significantly on a position, consider taking some profit off the table and realizing some gains while minimizing downside risk and exposure. Everyone should have some great plays that they will be able to capitalize on with relative confidence, but now is a matter of being able to realize those gains, find other plays, and protect your bottom line. The past week has been absolutely amazing; now you just have to secure the deal and realize those gains you’ve generated. Again, this is not a signal to sell any positions you are not comfortable with, but if you want some money in your pocket, sit back, relax, and have an amazing time.
For my allocations today. I plan on simply relaxing and enjoying the day. With $RIVN moving up significantly, I anticipate kicking my feet up and just relaxing on this beautiful Wednesday. As bad as that sounds, with the insane week this has been tearing it up with 0-DTE option contracts and $RIVN, I have zero desire to continue to trade today. That obviously is going to change when an opportunity is presented to me, but with the way everything is looking right now, I simply anticipate sitting back, relaxing, and enjoying today!
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, $BA, $INTC, $GRYP, $TSLA, $NVDA
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $RIVN / $BA
Economic News for 11/13/2024 (ET):
Consumer Price Index - 8:30 AM
Core CPI - 8:30 AM
Federal Budget - 2:00 PM
Notable Earnings for 11/13/2024
Pre-Market Earnings:
CyberArk (CYBR)
Tower Semiconductor (TSEM)
Stratasys (SSYS)
Innoviz Technologies (INVZ)
Arcos Dorados Holdings (ARCO)
Paysafe Group Holdings (PSFE)
Dole (DOLE)
Bitcoin Depot (BTM)
Bakkt Holdings (BKKT)
After Market Earnings:
Cisco Systems (CSCO)
DLocal Limited (DLO)
KULR Technology (KULR)
Beazer Homes USA (BZH)
OptimizeRx (OPRX)
KORE Group Holdings (KORE)
BrightView Holdings (BV)
Tetra Tech (TTEK)
Lulus Fashion Lounge (LVLU)
Wrap up
Hopefully, market conditions only continue to print for us, and provide us with an amazing opportunity to realize a significant amount of gains in an extremely short period of time. I know that I personally am very excited about today as a result of this $RIVN rip, so let’s make the most of these market conditions, and have an amazing time in the process! Just please be careful, protect your bottom line, and watch out for some downside in the markets!
Good luck trading, and let’s see some insane realized gains today!