HaiKhuu Daily Report - 05/02/2025
Good morning, and happy Friday!!! Man, these market conditions are confusing. We watched as $MSFT and $META had excellent earnings, and the markets barely moved up. Then, we watch as $AMZN and $AAPL drop the torch, yet $SPY is still up for the morning? I am confused, and I know that many others are too. Please be careful if you are attempting to trade in these market conditions today.
The same sentiment remains after seeing the market movement yesterday, where markets are slightly bullish. I would not be overly comfortable or confident in these market conditions and understand that there is an extremely high fall risk. $550 is a major magnet zone for the markets, and we can easily snap back to that level. That is less than ideal, but it is a realistic warning.
But, just remember that $550 is a magnet zone, the farther away from that point we go, the stronger the markets become, and once we break $580, the same way $550 was a magnet, $600 will be the next magnet to look out for.
Regardless, this is going to be an extremely volatile and difficult day. Traders are about to absolutely print, or get slapped around in the process, so just a thought during these market conditions.
Let’s see where the markets take us today, and have a great time!
Good luck trading today, let’s absolutely PRINT!
The updated $SPY daily levels are as follows:
Conversion Line Support: $536.26
Baseline Support: $529.07
Psychological Support: $550
Daily Cloud Support: $572.25
Thoughts & Comments from Yesterday - 05/01/2025
Yesterday was a wonderful day for the markets until they unfortunately were not. Traders who attempted to trade any choppier market conditions had a tough time, but there were some great opportunities to allocate and take advantage of during this time of confusion. Hopefully, you all came out of yesterday relatively unscathed and realized some gains in the process!
So, we started the day with $SPY opening at $560.37, up beautifully from the previous close, and watched as strength was displayed across the board. The markets rallied for the first three hours, going on to make the official high of the day, trading at $564.03 during the lunchtime lull before starting to reverse and display some weakness.
After making the high, $SPY dropped back down to $560 and remained in that area for an extremely long period of time, continually holding, with slow bullish momentum throughout the rest of the afternoon. We edged closer and closer to breaking above that $562 level, but it was unfortunately extremely short-lived.
In the final ten minutes of the trading day, conditions quickly worsened, going on to sell off heavily and continually making new lows of the day rapidly, resulting in the majority of the gains being generated to evaporate, and watched as $SPY made the official low of the day leading into close at $557.87 before officially ending the day at $558.47. This means that $SPY is up $4 for the day, or up 0.7%.
Overall, it was still a green day for the markets, but it dropped $2 from open. If I had to rank the movement in the markets yesterday, I would give that a solid 4/10. Navigating these conditions was tough; I would rank it less, but there was at least bullish momentum we could have capitalized on. So, it is just life and the markets. Hopefully, you all were able to catch the movement in the markets yesterday and realize significant gains! It should be a fun time today, so let’s see where the markets take us!
S&P 500 Heat Map - 05/01/2025
Thoughts & Comments for Today - 05/02/2025
Today should be a fun time for the markets. As I said before, market conditions are strong, and we are provided with some confidence, but the pre-market session is again looking very confusing. We had Apple and Amazon earnings yesterday, with both organizations doing well, but unfortunately selling off as a result. Markets dropped as a result of their earnings, but during the pre-market session, we have seen a significant amount of both strength and confidence come back into the markets. I will say, I am confused about how to navigate these conditions exceptionally well. Scalping and trading in these market conditions are extremely fun, but extremely difficult to do both consistently and confidently.
I will continue to hold and adjust my long-term portfolio at this time and do what I can to ride this market momentum.
Again, my largest warning for all of you is to please ensure that you practice risk management, limiting exposure, and treading lightly. As I have said multiple times over the previous couple of days, $550 on $SPY is a major support level you should all keep in mind. Yes, we are trading away from $550, and that is a bullish sign of the markets, but that is for now; we can easily and quickly correct and trend towards there like we did at close yesterday. I want to say that this is not a statement on any individual's ability to navigate these market conditions, but just a fair warning to everyone that conditions are less than ideal, and traders are going to have a confusing and difficult time, and as a result, will generate losses. So, just a fair warning is all. Please be careful when navigating today.
In the case that market conditions become less than ideal, please consider sitting on your hands and not forcing any allocations. In the case that he markets have momentum that you are not a fan of, or are just chopping in a consolidation range, please do not attempt to force any allocations at that time. Simply look to do what you can to survive through the BS chop, and once the markets do ultimately pick a direction, follow it accordingly and capitalize on what you can.
This should be a fun time for the markets, regardless, though, as it is Friday.
One play that I am interested in getting into at this point is selling some CSPs on either $AMZN or $AAPL today. I believe that $AAPL will be the better contract to sell, but it all comes down to the opportunities that are presented when I look at the options chain. I do not know how much premium is available, but look for an opportunity to sell some premium around open. Again, assuming that the markets do not absolutely sell off from open, this will be relatively free money.
I’ll try to find some 0-DTE trade opportunities today, but I will let you all know what I find, in the case that there is a larger selling event that occurs, just be on the lookout, as I will eventually allocate long once I am confident that we’ve hit a bottom.
But hey, just continue to enjoy these market conditions, and do what you can to maximize your profit potential. Life continues to move on, and so do the markets. So, realize some gains today, and just have a great 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 05/02/2025 (ET):
Employment Report - 8:30 AM
Unemployment Rate - 8:30 AM
Hourly Wages - 8:30 AM
Notable Earnings for 05/02/2025:
Pre-Market Earnings:
fuboTV (FUBO)
Exxon Mobil (XOM)
AES Corp (AES)
Chevron (CVX)
CIGNA (CI)
Magna International (MGA)
Wendy's (WEN)
DuPont (DD)
Arcelor Mittal (MT)
Wrap up
Hopefully, market conditions will only continue to remain favorable and provide us with some amazing opportunities to trade and realize a significant amount of gains. I would make sure that you cover yourself at this time, as traders are going to be extremely confused, conflicted, and will generate losses like no tomorrow. Just remember, cash is still a position. I would rather you sit on your hands with cash if you do not know how to trade in these conditions, than attempt and ultimately end up losing a significant amount of cash.
Good luck trading, and let’s end this week strong!!!