HaiKhuu Daily Report - 03/28/2025
Good morning, and happy Friday!!! Wow, this week has flown by and has been extremely volatile. It has been a LOT of fun, but traders will be in for a sketchy ride. Not to go too deep into yesterday, but we saw some short-term weakness as $SPY broke below the daily conversion line support, saw some confidence as the markets rallied hard and reclaimed that daily conversion line, and watched as panic set in at market close as a result of watching $SPY come back down to that conversion line.
Now that $SPY is at the daily conversion line, it shows weakness and fear in the general markets. $SPY is down when writing this report, and conditions are looking weak going into close. Anything can happen, and the markets can easily adjust, but again, as I said before, Watch for an attempt to fill the gap. Here is that attempt. The gap is officially filled at $SPY $564, so technically, you can say that the gap was filled and tested yesterday.
So, let’s see where the markets take us from here and do what we can to maximize our profit potential while minimizing our risks.
Good luck trading today, and let’s see where $SPY takes us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $567.22
Baseline Resistance: $580.68
Psychological Resistance: $570
Daily Cloud Resistance: $594.29
Thoughts & Comments from Yesterday 03/27/2025
Yesterday was a tough, beautiful, and tough day for the overall markets. Traders had some insane opportunities to trade in either direction, and traders had some insane opportunities to absolutely get sliced. We watched as there was wild volatility in the markets that made it difficult to remain comfortable, but at the same time, conditions were strong enough to justify attempting to allocate and trade throughout the day. Hopefully, you all were able to capitalize on the momentum of yesterday or catch one of our sick plays. Congratulations to everyone once again for grabbing John’s call on $ME yesterday. It was over 100% rallying from when he brought that up and put it on the table!
So, we started the day with $SPY opening at $567.17. Conditions were not great as there was weakness across the board, but thankfully, as a result of that, it provided us with opportunities to trade and realize gains; it was just a matter of where you allocated when you allocated, and how you allocated.
$SPY dropped quickly from open to make the official low of the day trading at $564.97 and then watched as $SPY rallied beautifully throughout the rest of the morning, leading into the lunchtime session, making the official high of the day at $570.89. Conditions at the top were beautiful, markets were nicely green, and traders should have remained profitable at that time, but despite this confidence, it was all short-lived.
As traders came back from lunch, we watched as the markets sold off slightly and chopped around throughout the entire afternoon, making it extremely difficult to scalp, trade, or allocate with confidence unless you were a great trader, lucky, or dumb.
We went on to watch as $SPY tested $570 into the close and then quickly sold off once again into the end of the day, where we officially ended the day with $SPY trading at $567, down $1.50 for the day, or down roughly 0.25%. I am not saying that it was a good day at all in any way, shape, or form, mostly with the fact that the markets were red and choppy, but again, it provided us with some opportunities to trade with both comfort and confidence. So, we see where the markets take us from here and go with it!
S&P 500 Heat Map - 03/27/2025
Thoughts & Comments for Today - 03/28/2025
Today will be an interesting and difficult day for the overall markets. WIth the way that things are looking, I am expecting to see many traders unfortunately perish in the process. At the moment, $SPY is attempting to fill that gap on the daily testing has broken below the daily conversion line support, and is showing general signs of weakness as the markets are starting to come down. I would advise you all to be overly cautious and protective if you are attempting to trade today, as signs are looking significantly more bearish than bullish at this point.
These market conditions are not ideal going into the day, but that is simply just part of life and navigating the markets. Be smart and safe while trading today, and protect your bottom line. You know it’s not a good sign when I shift from a comfortable bull to slightly bearish. Tread lightly and understand there is weakness in the markets until $SPY breaks back above that conversion line and holds.
What I will say with my previous statements is that I am not stating that you should attempt to be overly bearish or that the markets are going to reverse heavily. If you are a confident trader, you understand exactly where I am coming from when I say this. I obviously only want the markets to go up and would say that, in general, I am an optimistic, bullish trader, but there are certain times when you cannot lie to yourself, and this is one of those times. $SPY has moved up beautifully, only to reject and come back down to support. Now that we are at support unless the markets pop back up quickly on an intraday basis today, we might see a confirmation of a reversal towards the downside, which is not ideal at all in any way, shape, or form.
Just be careful if you are attempting to trade choppy conditions. I think that choppy market conditions are obviously less than ideal, but at the same time, I feel that choppy market conditions are like quicksand. If you get trapped, there is almost no escape unless you know what you are doing. Many get caught in its gaze and ultimately blow up accounts over a $0.50 move on $SPY.
Again, if you are not comfortable or confident enough with your ability to trade, simply just don’t trade then today. Unless markets shift stupidly hard, or you are confident that you can purchase and generate positive EV from the position, just tread lightly. Many traders will wipe out an account today, so please be smart and practice safe risk management by limiting risk and exposure. Just do not lose your ass in these conditions.
If I am being honest, I do not anticipate trading today. Obviously, this is said, but in reality, I probably will allocate. It just depends on the opportunities that are available and the risk on the table. I’ll have some fun when I can, but until then, I simply plan on sitting back and watching until the markets ultimately make a decisive move that we can capitalize on.
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, BTC, $GRYP, $RIVN, $NVDA, $INTC, $ME
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 03/28/2025 (ET):
Personal Income - 8:30 AM
Personal Spending - 8:30 AM
PCE Index - 8:30 AM
Notable Earnings for 03/28/2025:
Pre-Market Earnings:
zSpace (ZSPC)
Wrap up
Hopefully, market conditions get more favorable for us and provide us with an opportunity to capitalize on some strength. Conditions are looking gross, so tread lightly and hope that everything recovers beautifully before the markets ultimately break out and continually moves back up. Be careful of the Donald Trump jump scare, but try and make the most out of today! Should be a fun time to attempt to trade. Realize some gains, and enjoy the weekend y’all!
Good luck trading, and let’s end this week strong!!!