HaiKhuu Daily Report - 12/31/2024
Good morning, and HAPPY NEW YEARS EVE!!! Welcome to the last day of 2024, and welcome to what should be another phenomenal year! Markets are up slightly at the time of writing this report, and market conditions are looking relatively strong! I hope you all are excited and ready for today, because it is going to be an extremely quick, and fun time for the markets. Please continue to tread lightly in these market conditions, but at the same time, make the most of it. I am excited to see where the markets take us today, and now it is just a matter of just having a great time.
2024 has been a wonderful year, and I just want to say thank you to everyone who has been there for this insane ride.
This will be a fun day to end the year, so let’s have a great day, and end this year strong!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $594.50
Baseline Resistance: $594.99
Psychological Resistance: $600
Daily Cloud Support/Resistance: $588.12
Thoughts & Comments from Yesterday - 12/30/2024
Yesterday was a wild day for the overall markets. Conditions were relatively weak, but we saw strength in the markets, and opportunities were consistently presented to us. Hopefully, you all were able to capitalize on both sides of the spectrum, and had a great time in the process.
So, we started the day with market conditions looking relatively weak, with $SPY opening at $587.90. Markets were down, and we watched as $SPY dropped to make the official low of the day trading at $584.41. Situationally at the bottom, conditions looked rough mostly after breaking through psychological support. I am sure many traders were confused, conflicted, and down a significant amount at that time, but thankfully, conditions were able to get better relatively quickly.
After making the official low of the day, markets were able to bounce, quickly getting back above $585, and watching the markets rally afterward.
Once the markets started to reverse, that is where the fun started. The markets rallied beautifully, and we watched as $SPY recovered the majority of the losses that were incurred, and went on to make the official high of the day trading at $591.74.
Markets did slow back down leading into close, where we officially ended the day with $SPY trading at $588.22, down $6.79 or roughly down 1.1%, with a 0.07% increase from the open price.
There was a significant amount of volatility in the markets, and hopefully you all were able to capitalize on both the weakness and strength in the markets. It was definitely a fun day with opportunities consistently presented to us. It was a great day to be a trader, and will be a lot of fun to see how we end 2024!
S&P 500 Heat Map - 12/30/2024
Thoughts & Comments for Today - 12/31/2024
Today should be a fun time to end the year. We all hopefully will have an amazing time, and let’s cross our fingers and hope that we are going to be able to watch as $SPY breaks above the $600 resistance level. Do I think that it is realistic that we break above $600 today? Not really, I would say the chances of that happening are less than 5%, but at the same time, the powerball was a couple of days ago, and there was a significantly lower probability of that happening, yet people still remained hopeful and optimistic, so just something to consider in these conditions. As always, please continue to tread lightly and practice safe risk management, but at the same time, conditions could situationally get significantly better and we watch as the markets rally beautifully in the process.
I think for the large majority of individuals who are attempting to capitalize on these market conditions, you can either look to take on some risk by allocating into organizations at this level, or you can try and have a nice time, by simply holding strong positions. Yes, by holding positions you are exposed to downside overnight risk, but at the same time, conditionally, holding strong positions you are confident in, will be significantly easier than holding a risky position for a short period of time that you do not have conviction in. I would rather hold an organization like $INTC, that has performed terribly, but I have conviction, than pray that $SPY rallies up within the next 3 minutes. One is a speculative bet, while the other is a speculative gamble.
The movement in the markets are going to be relatively tougher today as I am expecting the markets to be irrational. There will be wild and weird movements in the markets as people cut positions going into the end of the year, but at the same time, am expecting relatively lower participation rates across the board as a result of this being the final day of the year.
Just tread lightly in these market conditions, make some smart allocations, and don’t do anything overly risky today.
For my allocations, I do not really intend on making many active positions. Markets are going to hopefully do phenomenally today, and I have a bunch of long positions that I simply intend on holding. I’ll be around for the majority of today, so let’s have a great time and realize some gains!
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, $BA, BTC, $GRYP, $TSLA, $NVDA
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $BA / $RIVN / $DG
Economic News for 12/31/2024 (ET):
Markets Close Early - New Years Eve - 2:00 PM
Notable Earnings for 12/31/2024
Pre-Market Earnings:
No Earnings Scheduled
After-Market Earnings:
No Earnings Scheduled
Wrap up
Hopefully, market conditions continue to provide us with amazing opportunities to round out the year. I personally am very excited to see where things go today and the opportunities that will present themselves next year. This should be a great time and hopefully everything flies by. Let’s enjoy the last trading day of 2024, and realize some gains!
Good luck trading, and let’s end this YEAR strong!!!