HaiKhuu Daily Report - 12/24/2024
Good morning, and happy Wednesday! I’ll keep this report relatively shorter because this is a half day for the markets, but opportunities will continue to be presented to us to take advantage of today! I know I am very excited about today, and I hope you all are too!
Markets are looking strong as we attempt to reclaim the daily support levels, and this has been a beautiful buy-the-dip opportunity. Hopefully, you all bought the dip with us and are ready for a relatively quick day. As a reminder, markets will be closed today at 1 pm EST! The markets are CLOSED tomorrow for Christmas, so enjoy the day and a half off, before the end of the year!
Good luck trading, and happy holidays!!!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $594.67
Baseline Resistance: $594.99
Psychological Resistance: $600
Daily Cloud Support: $584.03
Thoughts & Comments from Yesterday - 12/23/2024
Yesterday was a quick and great day for the overall markets. Conditions were rough around open, but we saw some strong bullish momentum that we all could have very easily capitalized on in the process. We watched as the markets rallied in an attempt to reclaim the daily support levels and watched as market conditions were perfect.
So, we started the day with $SPY opening at $590.92, looking relatively neutral, and watched as $SPY dropped to go and make the official low of the day, trading at $587.68. Conditions at the bottom were rough, but thankfully, the reversal came extremely quickly as we watched as $SPY recovered 100% of the losses by noon and continued to move up beautifully during the afternoon.
Momentum in the afternoon was not as strong, but we did watch as $SPY continued to rally, topping out at around $594 and slowing down into close, before we broke out again during power hour, and watched as $SPY went on to make the official high of the day trading at $594.69, up $3.50 for the day, or up 0.6%, while being up $7 from the bottom.
I would say that yesterday was an amazing day for the markets as it provided us with many great opportunities to trade and realize a significant amount of gains in the process. It was a great time with many opportunities to trade and realize a significant amount of gains in the process. Hopefully, you all followed us and bought the dip because that was an amazing opportunity to enjoy the ride and realize some gains!
S&P 500 Heat Map - 12/23/2024
Thoughts & Comments for Today - 12/24/2024
Today is going to be a quick day for the overall markets. With the way that things are looking, I think we should continue to be optimistic in these market conditions but relatively realistic with the expectations. I am expecting to see low volume and slow bullish momentum in the markets, but it will be interesting to see how the markets react here at daily support. Please continue to tread lightly on these market conditions and do what you can to maximize your profit potential.
I do not think there is a reason why you should attempt to take on a significant amount of risk in these conditions, mostly if you are not comfortable or confident in your ability to navigate these conditions. Still, at the same time, there is no reason you should attempt to be more passive, mostly going into the end of the year. Hopefully, we will see a beautiful Santa rally in the markets over the next couple of days, and we can watch $SPY reclaim $600. It would be a nice cherry on top.
Traders should all have a lot of fun and should have a relatively easy time attempting to trade today. If you are attempting to trade, please just make some smart positions and do not over-trade on a day like today. Make the most of it, but don’t be dumb in the process. Again, it should be a lot of fun but anything can genuinely happen.
If I am being completely honest with you on my plans to allocate today, just know that I seriously do not anticipate trading at all in any way, shape, or form. Obviously, intentions and what genuinely happened are going to be two completely different stories, but at the same time, I will be going into today intending to continually hold my strong positions and simply let them ride. I am not looking for anything crazy, just a relatively easier day going into the holiday season. So, let’s enjoy today and have a great time in the process!
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, $INTC, BTC, $GRYP, $AIFF, $DG, $BA, $NVDA, $TSLA, $RIVN
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $DG / $BA / $RIVN
Economic News for 12/24/2024 (ET):
Durable-Goods Orders - 8:30 AM
New Home Sales - 10:00 AM
Markets Close Early - Christmas Eve - 1:00 PM
Notable Earnings for 12/24/2024
Pre-Market Earnings:
No Earnings Scheduled
After-Market Earnings:
No Earnings Scheduled
Wrap up
Hopefully, this is a quick and beautiful day for the markets with some solid bullish momentum. I am excited to see where the markets ultimately take us today, so let’s make the most out of these conditions and realize a significant amount of gains leading into the holiday season.
I hope you all have a wonderful Christmas to those who are celebrating, happy Hanukkah to those who are celebrating, and happy holidays to everyone else!
Good luck trading, and let’s enjoy our day off!