HaiKhuu Daily Report - 11/29/2024
Good morning, and happy Friday! I hope you all had a wonderful Thanksgiving and are ready for the shortest and longest trading day of the entire year. Markets will close at 1 pm EST today. Many traders are not even going to show up, and we are going to see extremely low volume across the board. If you are trading today, be careful,l as volume is going to be extremely light, and it will be difficult to navigate around $600. So be careful attempting to capitalize on the market conditions today, and if you are attempting to trade, make the most of today, but be realistic with your expectations and adjust your position accordingly for the lower volume.
This will be an extremely quick yet slow day for the markets, so let’s see where they take us today. Have a great time!
By the way - We are hosting a BLACK FRIDAY SALE
If you are not a member of our exclusive community, claim FREE trading alerts until the end of the year
Other than that, we are offering 25% off an annual subscription and 50% off a lifetime subscription! Go grab those while you can, and take advantage of the holiday season!
Directly message Allen on Discord, and he will take care of you!
Good luck trading today, and let’s end this month STRONG!
The updated $SPY daily levels are as follows:
Conversion Line Support: $592.60
Baseline Support: $584.61
Psychological Support: $600
Daily Cloud Support: $576.88
Thoughts & Comments from 11/27/2024
Wednesday was a tough day for the overall markets. Conditions were slow, bearish, and choppy. There really is not much that can be said outside of that, as I have already perfectly described the day.
So, Wednesday started with $SPY opening at $600.51. Conditions were looking great at the top, as $SPY was trading above $600, but we watched as conditions sold off throughout the entire morning, where $SPY went on to make the official low of the day, trading at $597.31. Conditions at the bottom were relatively weak, but thankfully, we were able to recover slightly, going on to test $599 throughout the afternoon, where we officially ended the day with $SPY trading at $598.83, down $1.82 for the day, or down roughly 0.3%. Gross day for the markets, but we expected exactly that, leading into Thanksgiving.
Hopefully, you all were able to capitalize on the bearish momentum in the markets on Wednesday, but well, its life, am I right? Let’s see where the markets take us today and have some fun!
S&P 500 Heat Map - 11/27/2024
Thoughts & Comments for Today - 11/29/2024
Today should be an extremely interesting day in terms of movement but a tough day for the overall markets. I would not suggest being overly aggressive on a day like today, as we are expecting significantly lower volume and tough market conditions to capitalize on. I would advise that the large majority of traders simply reset their minds today and prepare accordingly for next week. There will be opportunities to trade, but traders realistically are going to have a difficult time consistently capitalizing on these conditions. Please do not feel overly excited to allocate into the markets today, as many traders are going to get slaughtered in the process.
I know from previous experience that today can either be a bloody bloody day for the markets, extremely slow, or stupidly profitable, but this is going to be one of those times that I am not going to go out of my way to try and find out. I am going to follow my own recommendations today and most likely sit back and relax throughout the trading day, as it is obviously going to be extremely difficult to capitalize on the conditions with confidence. But, what I will do, is if given an opportunity to trade with confidence, I’ll take it, but outside of that, I’ll try my best to find you all positions when I can.
Continue to capitalize on these market conditions, and we will see where the markets take us today. Tread lightly and be extremely careful if you are attempting to allocate in these conditions.
Again, if you are not a part of our community, we are hosting an INSANE Black Friday sale!
Free exclusive access and alerts to any new members of the Discord who have not participated, 25% off an annual subscription, and 50% off a lifetime subscription! Go grab those while you can, and take advantage of the holiday season!
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, $$DG, $RIVN, $GRYP, $TSLA, $NVDA, $BA, $AIFF
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $DG / $SHAK / $BA / $RIVN
Economic News for 11/29/2024 (ET):
Chicago Business Barometer (PMI) - 9:45 AM
Notable Earnings for 11/29/2024
Pre-Market Earnings:
No Earnings Scheduled
Wrap up
Hopefully, markets don’t dive on us as a result of the low volume day. This will be an extremely interesting time for the markets, so tread lightly, and make the most of today. Again, markets close at 1 pm EST, and we are hosting an amazing Black Friday sale, so let’s have a great time, realize a significant amount of gains, and enjoy our weekend!
Good luck trading, and let’s end this week strong!!!