HaiKhuu Daily Report - 12/26/2024
Good morning, and happy Thursday!!! When writing this report, markets are down slightly, but market conditions look fantastic. We’ve recovered the majority of the losses that were incurred over the sell-off last week, and traders should be ecstatic! I will say that I am not a fan of the current situation, where, despite conditions looking strong, I am not personally sold on the idea that we continue to move up. Over the previous couple of hours, despite strong conditions, BTC has dropped heavily during the pre-market session, making it hard to remain convinced that traders are overly optimistic leading into the end of the year.
Obviously, anything can change, markets can easily shift, and trading can get exponentially better. Still, at the same time, we are at a point where we should continue to remain confident but realistic with our expectations. Please continue to tread lightly and practice safe risk management, but have some fun and make the most out of these market conditions!
Make the most of today, and let’s end this year strong!
The updated $SPY daily levels are as follows:
Conversion Line Support: $594.34
Baseline Support: $594.99
Psychological Resistance: $600
Daily Cloud Support: $584.69
Thoughts & Comments from Tuesday - 12/24/2024
Tuesday, despite being a short day for the markets, was overly bullish, and we had a fantastic time in the process. As described, conditions were going to be choppy but bullish throughout the entire day, and woah, who would have predicted that our predictions would work out perfectly AGAIN?
So, we started the day with $SPY opening at $596.10. Conditions at open were good, but we were actively testing the daily resistance levels. After open, markets quickly broke out, and we watched as $SPY continued to push and rally throughout the morning, making a new high after new high. We watched as, conditionally, markets only got better and better.
$SPY continued to push throughout the afternoon, eventually breaking past the $600 resistance and officially ending the day trading at $601.30, up $6.60 for the day, or up 1.1%. I will say that markets could have been significantly better. Still, at the same time, with $SPY rallying, we watched as the majority of the FOMC losses were bought back up, and traders had an amazing opportunity to buy the dip. So, we will see what the markets have in store for us today and the rest of the week!
S&P 500 Heat Map - 12/24/2024
Thoughts & Comments for Today - 12/26/2024
Today is going to be a rather interesting time. As I said before, both BTC and $SPY are down at the time of writing this report, which is not the best sign during the pre-market session, but we could see an amazing opportunity to watch as the markets move up here in the near future, as buying the dip, has already worked out, but the question is will we continue to move up after the fact and as a result of these ongoing conditions. I am excited to see where the markets go from here, but I will say I am skeptical of where we ultimately end up.
Please continue to tread lightly and practice safe risk management today. I think there’s a chance that people who attempt to purchase here will have a difficult time allocating with both comfort and confidence. So tread lightly, practice safe risk management, and have an amazing time in the process. The biggest thing you should be warned about in these conditions though, is to not miss out. Anyone who didn’t attempt to purchase the dip a couple of days ago has already missed out, and I am sure there are going to be many individuals FOMOing in at this price.For anyone who is attempting to allocate though, just continue to ride the momentum. There are going to be large and volatile movements into the end of the year, and by simply following the market trend and condition, you should have absolutely zero issues at all, realizing gains by following the momentum.
Anyone else who does not want to take on risks in these conditions should just continue to look for opportunities to purchase strong equities that are heavily discounted and simply hold those positions with comfort and confidence. This is just one of those scenarios where holistically, anything can happen, but again, strong organizations will situationally take risks off your table, causing you to realize gains with significantly less stress.
For my allocations today, I will say that I intend on actively watching the markets and continually holding my plays, but given an opportunity to purchase more strong positions, I will trade when given an opportunity to do so. Again, I will not force any positions or grab anything I am not 100% confident about, but at the same time, I will do what I can to make sure I find great opportunities for you all to realize gains and trade with relative confidence!
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 12/26/2024 (ET):
Initial Jobless Claims - 8:30 AM
Notable Earnings for 12/26/2024
Pre-Market Earnings:
No Earnings Scheduled
After-Market Earnings:
No Earnings Scheduled
Wrap up
Hopefully, today is another great one for the overall markets. I am not overly optimistic during the pre-market sessions, but anything can happen between now and the market close tomorrow. So make the most of these conditions and have a great time in the process. I am excited to see where these markets take us, so let’s have fun and have a great time!
Good luck trading, and let’s enjoy the Santa rally!