HaiKhuu Daily Report - 04/29/2025
Good morning, and happy Tuesday!!! Markets are looking great right now with $SPY trading nicely above $550. Now, the real question is, will we close above $550, and in the case that we do, how high do we go? I believe that traders should be extremely optimistic but realistic at this level.
Do not forget that, as I have been saying. There is a fall risk in the markets, but we should remain skittish bulls. Continue to do what you can to maximize your profit potential. Do what you can to make smart allocations, and simply realize gains. Do not be overly aggressive in either direction unless you have conviction. And as always, please make sure to limit your downside risk and exposure. Simply follow the trend of the markets, and have a great time today!
I think that there is a potential for a major breakout in the markets at this point, so please, just do what you can to maximize your potential today, and have an amazing time in the process!!!
Good luck trading today, let’s pre-book this as the largest single-day bullish movement ever recorded, right?!!!
The updated $SPY daily levels are as follows:
Conversion Line Support: $529.11
Baseline Support: $531.01
Psychological Support: $550
Daily Cloud Support: $570.89
Thoughts & Comments from Yesterday - 04/28/2025
Yesterday was an extremely confusing yet extremely predictable day for the overall markets. I hope that you traders all had a lot of fun in the process, but I know with certain confidence that navigating the confusion of yesterday was difficult, but traders could have easily printed at both the top, the bottom, and the top again, as market conditions remained optimal, and provided us with opportunities to trade in the process.
So, we started the day with markets looking alright. $SPY was slightly green opening the day at $551.34. Conditions were great from the get-go as momentum was slow, until we got extremely bullish suddenly as $SPY went up, rallied to $553.55, before quickly coming back down, chopping around and testing $550 three times, before finally, on the third time, breaking down and selling off.
In the process of selling off, $SPY continued to dump throughout the lunchtime session, and went on to make the official low of the day, trading at $545.02.
The funny thing, in my opinion, though, was how predictable the markets were. At 10 am CST/11 am EST, I said, “In the perfect case scenario, $SPY continues to sell off into the beginning of lunch, we steal $SPY long and ride that baby back up to 550.”
And if you had to guess what happened afterward, I’m assuming you would be correct.
$SPY recovered beautifully in the final two hours of the day, going from the official low to breaking back above $550. Market conditions were alright as everything recovered ,and we officially ended the day with $SPY trading at $550.85, up $0.20 for the day, or up 0.04%.
I am not saying that it was a great time yesterday, as it was tough navigating the general market conditions, but at the same time, traders could have PRINTED everywhere in the markets; it was just a matter of being able to capitalize on it in real time. Regardless, life moves o,n and so do the markets! Let’s see where everything takes us today, and make the most of it!
S&P 500 Heat Map - 04/28/2025
Thoughts & Comments for Today - 04/29/2025
Today is shaping up to be a rather interesting day, but if that is going to happen, it will be another question. Currently, with the way the markets are positioned, conditions look favorable going into the open, and I am incredibly excited to see where the markets take us from here. Since we are just north of the $550 support/resistance level, I have some confidence going into the open. However, we are at a point where markets can easily fall, and you are all aware of the weakness below $SPY 550. So, hopefully, we won’t hear anything about selling today. However, I will say that there is currently a significant amount of confidence in the system, largely due to the market momentum over the past couple of days and a recent shift in Cryptocurrency sentiment.
If I am being completely honest, I do not know the exact reason why all cryptocurrencies have moved up. We did get a new SEC chair last week, which was the shift in general sentiment. However, at the same time, we knew that Paul Atkins would have become the chairman, and as a result, conditions were interesting, confusing, and somewhat contradictory. So, just tread lightly on BTC and crypto. I still think there is a significant upside potential, but the only issue is that conditions are less than ideal. The level you need to keep in mind is $ 95,000 for BTC. If BTC is trading at or around $95k, that is a bullish sign for the markets, but as BTC breaks into the 95.5-97.5 range, it will heat up extremely quickly and reach towards $100k.
What I will reiterate is that none of this constitutes financial advice or a signal to buy or sell any positions. I make speculative comments on BTC and Cryptocurrencies, which are biased, but at the same time, I genuinely believe that BTC has significant potential at this level. But what I do have to warn you about is attempting to enter BTC here. After the movement we have seen over the previous week, do I think that BTC is over and this rally is done? No. No, no, no. The complete opposite, really. I believe that BTC can continue to move upward. But just because I believe that BTC is going to go up, does not mean that this is a great time to buy. The risk-reward ratio in your position, upon entering here, is too imbalanced, where, despite my belief that BTC has the potential to continue moving up, it is not worth attempting to enter at this price. I still do believe that depending on your timeframe, you will be good, but please, for your safety. If you are attempting to purchase BTC at this level, please reconsider. Again, I still believe that BTC can easily move up, but with the difficulties and fees associated with entering the position, I would advise you to proceed with caution. It is not worth the risk.
However, because BTC is strong, several factors come into play as a result. Given the current market trends, I am extremely excited about what this means for the retail market. With the strength being displayed in crypto, it will inevitably come back to trend in our favor. So, despite there being no direct correlation between crypto and US equities, a connection still exists between sentiment and investment strategies.
Just continue to hold your strong equities, though, at this time, and maintain them as the markets continue to rise. I am very, very excited to see where these conditions take us, and so should you all. Ensure that you practice safe risk management when trading or purchasing anything today, and aim to simply realize gains. There is no reason to be greedy. Simply take your money, run, and have an amazing time!
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, $INTC, $TSLA, $NVDA, $MSFT, BTC , $JEPI
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $UNH
Economic News for 04/29/2025 (ET):
Retail Inventories - 8:30 AM
Wholesale Inventories - 8:30 AM
Consumer Confidence - 10:00 AM
Job Openings - 10:00 AM
Notable Earnings for 04/29/2025:
Pre-Market Earnings:
SoFi (SOFI)
PayPal (PYPL)
Coca-Cola (KO)
JetBlue Airways (JBLU)
Royal Caribbean Cruises (RCL)
Pfizer (PFE)
United Parcel Service (UPS)
Spotify (SPOT)
Shift4 Payments (FOUR)
Polaris (PII)
After-Market Earnings:
Snap (SNAP)
Starbucks (SBUX) Visa (V)
Arch Capital Group (ACGL)
Booking Holdings (BKNG)
Qorvo (QRVO)
ONEOK (OKE)
PPG Industries (PPG)
First Solar (FSLR)
Mondelez International (MDLZ)
Wrap up
Hopefully, market conditions will remain favorable. I love that $SPY is back above $550. Watch for the markets to hold this level. Assuming we hold, that is a bullish sign, but until then, please be careful and tread extremely lightly!
Good luck trading, and let’s watch $SPY rally today!