HaiKhuu Daily Report - 05/01/2025
Good morning, and happy Thursday! Market conditions are continuing to move up as is, following both Microsoft and Meta's phenomenal earnings, and Trump held a conference focused on “Investing in America.” The sentiment going into open is expected to be overly optimistic, and traders should be overly excited for today.
I would like to extend my congratulations to everyone who purchased the dip with us. $SPY has recovered $80 from the bottom, just a couple of weeks ago, meaning we’ve rallied approximately 15% from the bottom. Like I told you all, people would panic, and give me shit for buying equities at the bottom, while I stood my ground and literally yelled at everyone all to buy when $SPY was at trading around $480. Anyone who bought with us during that entire time should be up on any and all of your long equity positions and should be capitalizing on these market conditions with relative ease.
So, let’s make the most out of today and these market conditions, and do what we can to realize some gains. Traders should be cautiously optimistic going into today, and investors should be pleased with the movement we’ve seen since the bottom. The only people who will be hurt are the overly bearish, so let them do their thing, while we sit back, relax, and print some money.
This should be a fun day. Good luck trading today, and let’s realize a significant amount of gains!
The updated $SPY daily levels are as follows:
Conversion Line Support: $532.49
Baseline Support: $529.11
Psychological Support: $550
Daily Cloud Resistance: $571.93
Thoughts & Comments from Yesterday - 04/30/2025
If I'm being honest, yesterday was a tough day for the markets, not due to insane volatility, but for the complete opposite. Market conditions remained extremely stagnant around the $550 support/resistance level and did not take a direction until late in the day. Nevertheless, it is just part of life and these market conditions.
We started the day with $SPY dropping heavily during the pre-market session due to bad GDP numbers, which killed all bullish sentiment and momentum prior to the open. Conditions were okay at open with $SPY trading at $547.58, but I watched as the markets almost instantly snapped down, and we made the official low of the day trading at $541.43. Thankfully, markets reversed from the bottom and displayed strength as $SPY rallied back up to $550, leading into the lunchtime lull.
Throughout the lull, $SPY remained at $550, being extremely neutral, but chopping around only ever so slightly. $SPY broke below $550 a couple of times, only to quickly snap back, breaking out slightly, and then snapping right back. This remained for approximately 4~ hours, between the beginning of the lunchtime lull, all the way until 20 minutes before close.
Right before close, the markets started to pick up quickly, trending at $550, and watching as we quickly broke out into close, where $SPY within the final 20 minutes of the day, went on to make the official high of the day trading at $556.50, and dropped $2 into close, where we officially ended the day with $SPY trading at $554.54, up $0.22 for the day, or up 0.04%.
What I will say is that the movement yesterday does not sound like much, because it realistically was not anything of significance. 0.04% is negligible compared to the recent movement, but again, this all comes down, in my opinion, to the positioning of the markets. The fact that we held above $550 is a general sign of confidence, and is something that we all should be excited about.
After hours was obviously great, so hopefully this leads to a beautiful and strong market today!
S&P 500 Heat Map - 04/30/2025
Thoughts & Comments for Today - 05/01/2025
Today is setting up to be a beautiful day for the markets. Whether that is true or not is another question. Still, given the current market trends, Traders are likely to be optimistic and excited about attempting to trade today, and I believe the conditions will be favorable.
Again, we are moving up as a result of positive earnings and a great event hosted by DT yesterday. This momentum can easily slip as there is still a fall risk in the markets, but with the strength being displayed, the same sentiment as before remains. As long as we remain above $550, that is a bullish sign for the markets, and the farther we get from $550, the more bullish we become. The next major level that will act like the $550 magnet is $600, so you will not have to worry about conditions too heavily for a while.
Let’s just hope that momentum remains in these conditions.
We have $AAPL and $AMZN earnings after hours today, which will both really dictate people’s sentiment on consumer spending. Hopefully, both organizations will continue to perform well today, providing us with even stronger market conditions tomorrow. So, we will see what happens and enjoy this strong bullish momentum!
I would like to apologize for not filling as many active positions over the past couple of weeks. I still have been day trading and scalping as always, because that is always good fun, but due to the ongoing volatility in the markets and current allocations in the markets, my style has changed a little bit recently to adjust to the market conditions.
I am sure that the majority of traders who genuinely understand the markets understand the shift in allocations, but let me explain it for those who do not.
Over the past couple of weeks, I have been adding strong US equities to my portfolio, and that remains the case, as I deployed more capital into the markets yesterday. Still, as a result, it has decreased the number of intraday positions I make, as my capital is tied up in a long hold; however, some may laugh.
My positions are up extremely heavily right now, so I genuinely could not care. I do not have to stress at all in any way, shape, or form about navigating short-term volatility or chop, because I have that much comfort and confidence in my positions to continue to hold.
Again, I still am a FIRM believer that allocating long in these market conditions is the easiest way to navigate these conditions. Continue to trade in an intraday basis and enjoy the momentum and opportunity in the markets, but I can tell you with 100% certainty and confidence that the large majority of traders out there, that have attempted to trade the past two weeks, are down significantly more than anyone who has been simply holding strong equities during that time.
Yes, obviously, there will be anomalies; that is not the point I am trying to make, though. I would have to say that in this scenario, 9/10 times, anyone who did attempt to trade that confusion ultimately ended up losing, while I can say with 100% certainty and confidence, anyone who bought long with me at the bottom into ANY of the organizations I was purchasing at that time, should be up on their position. It’s a lot easier when everyone wins nicely than when 9/10 people lose attempting to trade tough market conditions, and watching as one person comes out alive.
These are just my personal thoughts in these market conditions. We are different as we are not the “average” trader, but this is more so just a warning for people who are uncomfortable and attempting to trade while consistently generating losses.
At this point, this is not an endorsement to blindly pick up equities now today, as I have been saying, the party is almost over. Markets are coming back to fair price territory, and organizations are not as oversold and undervalued as they were a couple of weeks ago. It is still not a bad time to show up to the party because it is still going, but just know that we are about to wind down. Be careful if you are attempting to allocate long in these market conditions, but just be ready for what these markets have in store for us.
Just please, make some smart decisions, practice risk management, and make the most of these conditions!
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 05/01/2025 (ET):
Initial Jobless Claims - 8:30 AM
ISM Manufacturing - 10:00 AM
Construction Spending - 10:00 AM
Notable Earnings for 05/01/2025:
Pre-Market Earnings:
Eli Lilly (LLY)
Roblox Corp (RRLX)
CVS Health (CVS)
SiriusXM (SIRI)
Mastercard (MA)
Baxter International (BAX)
Builders FirstSource (BLDR)
Quanta Services (PWR)
Cardinal Health (CAH)
HF Sinclair (DINO)
After-Market Earnings:
Apple (AAPL)
Amazon (AMZN)
Riot Platforms (RIOT)
Reddit (RDDT)
Airbnb (ABNB)
Arthur J. Gallagher (AJG)
BigBear.ai (BBAI)
Five9 (FIVN)
Atlassian (TEAM)
American International (AIG)
Wrap up
Hopefully, market conditions will only continue to strengthen and provide us with opportunities to trade and realize some gains. It would not surprise me if market conditions did weaken slightly, but traders are extremely optimistic going into today, and I believe that this will be a great day for the markets that provide us with some insane opportunities to trade and realize some gains.
Good luck trading, and let’s make the most out of today!