HaiKhuu Daily Report - 11/20/2024
Good morning, and happy Wednesday! I hope you are ready for the wildest day since the election two weeks ago and are ready for a great time. $NVDA has earnings after hours today, and all eyes are on them! Traders should be careful and cautious while attempting to capitalize on $NVDA on an intraday basis, but there is a great chance that $NVDA will go on to make a NEW all-time high! Please tread lightly and practice safe risk management, as this is going to be an extremely volatile time.
Congratulations to everyone who bought the dip, as that was an amazing long opportunity. Also, congratulations to Tristan, one of our members in our discord, for netting over a 2,000% return in the previous week!
Please be careful if you are attempting to fight the general market momentum. You may be smart, but you underestimate the capital behind human stupidity. So follow the momentum and realize some gains!
Good luck trading today, and let’s see where $NVDA takes us!
(Hopefully to a Denny’s)
Good luck trading today, and let’s see where these market conditions take us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $592.02
Baseline Support: $585.03
Psychological Support: $590
Daily Cloud Support: $568.94
Thoughts & Comments from Yesterday - 11/19/2024
Yesterday was a rather interesting time for the overall markets. We opened the day bloody red with the jokes that we were headed into WW3, and then the markets kinda… just did not care as we watched as the markets rallied beautifully from the bottom, providing traders with opportunities to trade and realize a significant amount of gains, in an extremely short period of time!
So, we started the day with $SPY opening at $584.74, down a little more than $3 on the day, and conditions were looking extremely rough overnight. Thankfully, that momentum was extremely short-lived, as within the first half hour of the day, $SPY went on to rally beautifully. We watched as $SPY ripped to $589 leading into the lunchtime lull, where conditions stalled out, but thankfully, towards the back half of the afternoon, momentum picked up again.
We watched as $SPY went on to make the official high of the day, trading at $591.04, before watching as the markets came back down, breaking below $590, only to slightly recover before the markets closed, where we officially ended the day with $SPY trading at $590.30, up $2 for the day, or up roughly 0.4%. Market conditions were favorable and provided us all with amazing opportunities to ride the momentum and capitalize on the conditions that were available!
Congratulations again to everyone who was able to capitalize on the strength of yesterday's market conditions. It was almost hard to lose money. So let’s see where the markets take us today and make the most of it!
S&P 500 Heat Map - 11/19/2024
Thoughts & Comments for Today - 11/20/2024
Today should be another fun day for the markets. I expect more momentum-based movement, a little bit of choppy and slow conditions, and many opportunities to realize gains. With $NVDA earnings after hours today, I expect to see a significant amount of volatility both in the markets, as well as directly in the organization. If you are attempting to trade $NVDA today, good luck, as opportunities will be available to you, but there is a significantly elevated risk associated with trading at this level. Just note that the expected move for $NVDA at the moment is $11, meaning the current range for the organization is $135-158. $NVDA is already worth $3.6T and is the most expensive company in the world, where a $11 predicted movement is a $250B movement and a $500B range. Many traders who attempt to allocate directly towards $NVDA will print a significant amount of gains, while others who attempt to trade $NVDA… will get slaughtered. The best way to speculate on $NVDA, in my opinion, is to kick your feet up and simply watch at this point, but at the same time, it is imperative that you practice safe risk management, mostly if you are attempting to trade.
The biggest recommendation that I have for you all, mostly while the markets are trending is to not fight the momentum. When market conditions are trending in the way that they are right now, as I have said yesterday, it always seems like a great opportunity to fight the momentum and feel like a god being able to call the perfect top, but lets be real. Timing the top perfectly is almost impossible. So, if you are attempting to trade, simply follow the momentum and the wave. Don’t be the guy who feels like they can lead a crowd by going the wrong way because if you are trying to fight the crowd… you’re going to lose.
Just allocate a long into great organizations that are fundamentally undervalued right now and relax while these market conditions are favorable for us. No one likes a Debby Downer, who thinks the markets will tank while conditions are great, and people will laugh at them with their gains all the way to the bank.
For my allocations today, I still remain on the boat that the easiest way to allocate in these market conditions is by simply allocating long into undervalued organizations, and simply holding those equity positions and riding this momentum. Yes, it is not necessarily sexy to do that, mostly in these market conditions, but do you know what is sexy? Generating realized gains with relative ease because you are confident in your positions, allocations, and pricing. That is sexy. So, it might not be the most insane return, but I will be more than happy to sit back, relax, and enjoy my coffee as the markets continue to move in my favor!
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 / $SMCI/ $RIVN / $TSLA / $AMD / $INTC / $NFLX
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $RIVN / $BA
Economic News for 11/20/2024 (ET):
No Economic News Scheduled
Notable Earnings for 11/20/2024
Pre-Market Earnings:
NIO (NIO)
Target (TGT)
ZIM Integrated (ZIM)
TJX Companies (TJX)
Dycom Industries (DY)
Berry Global (BERY)
After Market Earnings:
NVIDIA (NVDA)
Snowflake (SNOW)
Palo Alto Networks (PANW)
Jack in the Box (JACK)
Chemical & Mining Co (SQM)
MAXIMUS (MMS)
Wrap up
This should be a fun day with significant volatility across the board. Traders will be provided with an amazing opportunity to trade and realize significant gains in the process. Now, it is just a matter of continually capitalizing on these conditions leading up to $NVDA earnings. This should be fun, with many opportunities to trade, so tread lightly, practice safe risk management, and realize as many gains as possible!
Good luck trading, and let’s see where $NVDA takes us!