HaiKhuu Daily Report - 03/31/2025
Good morning, and happy Monday! I do not know how to say this, but these market conditions look disgusting. I watched as $SPY broke $550 for a brief moment during the pre-market session, and I hope that we do not get that low, if not lower, throughout the day. Conditions look extremely bearish, and I would advise extreme caution. Yes, we may quickly recover before the markets open or bounce sometime throughout the day, but things are not looking good when writing this report.
I am not saying to be scared and sell off all of your positions because this is the end of the world, but things are not looking good here in the short term. The focus you all should have is “Survive,” as many people will ultimately perish in the process. This selling has been repeatedly warned, including a warning not to trade on Friday. Please practice safe risk management and make smart decisions. Market conditions like this are exactly why I warn you about stuff like that.
So, just be smart and rational in these market conditions; I’ll talk more about how emotions impact the markets later on in the report and again. Just remember that living to fight another day is worth more than any idea of riches in these conditions. The markets will improve one of these days, but you have to survive the tough days to thrive in the good days.
This week is relatively light in terms of earnings and economic news, but I would still recommend everyone check out our WEEKLY PREVIEW to prepare for everything going on this week!
Good luck trading today, and good luck trading this week. We are going to need it.
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $565.53
Baseline Resistance: $579.99
Psychological Support: $550
Daily Cloud Resistance: $594.29
Thoughts & Comments from Last Week
Last week was a devastating week for the markets. It was extremely bearish, disgusting, and gross. Many traders unfortunately watched as a fire was started and were unable to put it out, while other traders absolutely PRINTED in the process; I hope you all were able to survive the rough trading conditions last week and are ready for this week!
So, last week started with $SPY gapping up on Monday, starting the week extremely strong and confident. $SPY opened the week trading at $570.83 and looked pretty good. Markets continued to move up throughout the rest of Monday, going on to make the official high of the week on Tuesday, trading at $576.41, but that is when things started to get disgusting.
After the Doji candle formed on the daily chart, we watched as there were three bloody days for the markets.
Wednesday was disgusting as $SPY sold off heavily, taking many traders with it, resulting in $SPY attempting to fill the gap and test the daily conversion line. Thursday was a repeat of choppy and tough market conditions, testing that daily conversion line but not breaking through, and then Friday happened…. and Friday was the cherry on the Sundae.
Friday, $SPY started the day trading at $565. We watched as the markets continually sold off throughout the entire morning and the rest of the afternoon and ended up having a textbook “bearish” day for the markets. Conditions continued to perpetuate, providing significant weakness in the process. There were no signs of a reversal on an intraday basis, and the markets continued to come down. Bullish traders were massacred throughout the day, and anyone who attempted to trade 0-DTE’s was in for an extremely rude surprise.
We watched $SPY in just a couple of days drop $20, and $SPY officially ended the day on Friday down $11.42, or down 2%, and ended the week down $15, or 2.66%.
I will not say that last week was a good week for the markets. If I am being honest, it was a terrible week and has been an awful month for most, but as I have said, in these market conditions, things are difficult unless you are lucky, comfortable, or dumb. These conditions are not easy to navigate, nor are they light-hearted.
Congratulations on getting through another week of hell. Many traders felt that the three days of selling were challenging, which is unfortunate, but it is just a part of life and the markets. Many traders generated significant losses last week. If you were one of them, just know that you are not alone, and the large majority of traders are in the exact same boat. The markets will bounce one of these days, but the question is when.
Just remember that in the markets, you can’t just consistently feel the rush of an all-time high, and bearish market conditions exist. It is just a part of the game that, unfortunately is weeds some kids out. But hey, the strong survive because they make good positions and practice safe risk management. Just something to consider.
S&P 500 Heat Map - 03/28/2025
Thoughts & Comments for Today - 03/31/2025
This has been a rough time for the overall markets, and I’m assuming it has been a tough time for all of you. Markets are down, and these conditions are not ideal in any way, shape, or form right now, but just remember that despite how tough these market conditions are currently, we are still in a phenomenal spot for the markets and are provided with MANY great opportunities to trade and realize gains. The bulls have had their turn over the previous year and change, and the bears need just a little bit of loving now. Conditions are not strong right now, and a lot of weakness is displayed across the board. I always attempt to remain neutral with my sentiment mostly when writing these reports, despite typically being optimistic and slightly bullish with personal sentiment, but these conditions are not looking good.
With $SPY breaking below $550 for a brief moment during the pre-market session, please just be careful and remain solvent in these market conditions.
Market conditions are rough right now, but I am sure that you all remember the thoughts from just a couple of weeks ago when $SPY was trading at all-time highs. Conditions were great at the top, but to truly enjoy the beauty of the markets, you have to remember that conditions are not always going to be perfect and beautiful. Times like this will provide us opportunities to capitalize and enter into strong equities at a discount and net us a beautiful return over the course of a lifetime.
However, the only way to continue to capitalize on market conditions is to make sure that you remain solvent during tough times. This means mentally and financially. You cannot generate a significant amount of returns when the markets are beautiful if you lose everything when times are tough. So please protect your bottom line and practice safe risk management.
Markets can easily go anywhere, but again, as I have said before, conditions are looking weak, and we should go into today with an overall more bearish sentiment to the markets.
If you are attempting to trade or simply allocate in these market conditions, I will warn you all right now that equities are exponentially safer than options in these current conditions. Yes, options have significant upside potential, mostly if you are timing your direction perfectly and capturing a movement quickly, but at the same time, options can go south extremely quickly. Suppose you are attempting to trade equities and are chopping around while slightly bearish. In that case, you might end the day down 1% on a position and call everything a wash, but if you are attempting to trade 0-DTE contracts, that same small 1% down, ends up being a 100% loss as your contract expired worthless OTM. Again, I am not saying this to attempt to get you all to be bearish. I am not saying this to attempt to get you guys to be scared. I am just saying all of this to warn you all because I would rather warn you again than watch you burn in the flames of the markets.
And one final thing to just remember in these market conditions is to make sure to keep your emotions in check. If conditions are not perfect for you at the time of trading, it is always better not to trade than to force a position that you simply are not in the right mindset. If you need food, water, or a quick break, it is always a lot easier telling you all this right now versus trying to help you get out of a hole that was dug due to emotional over-trading. Emotional over-trading is going to generate significant losses for many people, mostly as the markets are coming down. So again, just a fair warning to everyone to make sure to please not get overly emotional, mostly while attempting to trade or allocate today!
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, $GRYP, BTC, $RIVN, $INTC, $NVDA, $TSLA, $MSFT
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 03/31/2025 (ET):
Chicago Business Barometer - 9:45 AM
Notable Earnings for 03/31/2025:
Pre-Market Earnings:
Workhorse Group (WKHS)
Westport Fuel Systems (WPRT)
LanzaTech Global (LNZA)
Loar Holdings (LOAR)
FTC Solar (FTCI)
Synergy CHC (SNYR)
After-Market Earnings:
PVH Corp (PVH)
Rekor Systems (REKR)
CytoSorbents (CTSO)
TechTarget (TTGT)
Duos Technologies (DUOT)
Progress Software (PRGS)
Wrap up
Hopefully, markets are going to be able to recover during the pre-market session and look stronger throughout the day, but at the moment we are seeing a significant amount of weakness. Tread lightly, and make sure to practice safe risk management. A lot of losses will be generated in these conditions, so just focus on surviving and getting through these tough times so that when conditions get better, you are able to capitalize on it with confidence.
Good luck trading, and let’s see where $SPY takes us today!