HaiKhuu Daily Report - 05/06/2025
Good morning, and happy Tuesday! Market conditions are looking weak at the moment with $SPY down approximately $5 at the time of writing this report.
Hopefully, market conditions do strengthen by open, but I am not optimistic of that. We have minor economic news during the pre-market session, so assume that markets today will remain relatively weaker until there is a catalyst that results in the markets moving back up.
I will say that traders are currently less than optimistic though in these current market conditions. We are looking great from the bottom, but people are still having difficulties justifying an allocation at this level, so it will be difficult for the markets to move up here in the short term until traders have both the comfort and confidence doing so.
But just be smart today, with FOMC tomorrow, I expect to see a difficult day to navigate that will be extremely momentum-based and relatively lower volume. With that said, low volume selling means we will continually sell off, while low volume buying means we will continue to trend up. Again, I do not know which direction the markets will take us, but please, just follow the momentum if you are attempting to allocate in the markets today.
So, let’s realize significant gains today and have an awesome time.
Good luck trading today, and let’s print some cash!
The updated $SPY daily levels are as follows:
Conversion Line Support: $551.13
Baseline Support: $525.09
Psychological Support: $550
Daily Cloud Resistance: $573.95
Thoughts & Comments from Yesterday, 05/05/2025
Yesterday was an absolutely DISGUSTING day for the overall markets. Many investors had an extremely difficult time capitalizing on yesterday, but honestly, anyone who simply attempted to trade the momentum yesterday should have had a wonderful time, and honestly, should have realized a significant amount of gains with relative ease, regardless though, life moves on and so do the markets!
So, we started the day with market conditions looking less than ideal. $SPY started the day opening at $562.48, down $4 from the previous close, and watched as $SPY continued to push and rally throughout the entire morning, into the afternoon. Conditions were great the entire time as $SPY had choppy, slow, but strong momentum, rallying $4 throughout the first 70% of the day.
We watched as $SPY went on to make the official high of the day, trading at $566.65, down $0.10 from the previous close, and about to go black for the day, when the markets suddenly shifted and sold off within the final hour of the day. $SPY went on to officially end the day trading at $563.51, down $3.25 from the previous close, or down 0.6%.
I will say that again, it was a genuinely disgusting day for the markets with a significant amount of opportunities. Traders could have easily capitalized on their long allocations throughout the day, and the bears had a glimpse of hope into close, so now we will see where the markets take us from here, and try to make the most out of these conditions today!
S&P 500 Heat Map - 05/05/2025
Thoughts & Comments for Today - 05/06/2025
I want to start this part of the report today by simply warning you all that this is going to be a confusing and difficult time for the markets. I am not attempting to hide that, and in fact, I am trying to display it specifically for those who are not able to see the risks that are in the markets right now. With the way that the markets are trending, here are some facts:
Traders in these market conditions are optimistic about allocating
Traders in these market conditions are fearful
Market conditions are prospectively strong
But market conditions are displaying short-term weakness
There will be a lack of volume today due to FOMC happening tomorrow
FOMC is happening tomorrow
With everything going on in these market conditions, it will be extremely difficult to capitalize on today, as well as prepare for tomorrow.
If anything, as I always say. Please make sure to practice safe risk management and decrease that downside risk.
I believe that, again, there is an extremely high likelihood that we will see a low-volume, choppy, momentum-based day. We will see traders, who despite allocating in the correct direction, get burned due to the ongoing chop.
Just expect today to be a challenging day for the markets.
One play that I am not going to be allocating in, but I just want to put on your radar (seriously this time) is $NFLX. Again, I am NOT allocating into $NFLX as I am NOT comfortable purchasing that organization at the current price, in these current market conditions, but… They just announced the new Squid Game season three trailer and anticipate that the season will be coming out on JUNE 27TH. So you have approximately two months on this play until it becomes valid. But, assuming that this final season is a banger, to expect many traders to FOMO into $NFLX, despite this not “impacting” the organizational performance. But the short-term increase in demand due to the release should be interesting and easy to capitalize on. Again, this play is NOT VALID FOR ANOTHER TWO MONTHS. BUT I AM JUST PRESENTING IT NOW, WHILE THIS IS FRESH FRESH.
But back to the markets and today, again, just please make sure that you are practicing safe risk management and doing what you can to maximize your profit potential during these difficult times. It would not surprise me if the markets moved irrationally and completely against my sentiment. Still, at the same time, I personally am going into today with the idea that momentum is going to be choppy, volume is going to be low, and traders are going to have a difficult time.
Today is going to be tough, but tomorrow is going to be tougher, so tread lightly, watch your portfolios, and have a wonderful time in the process!
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, $BRK.A, $JEPI, BTC , $GRYP, $INTC, $TSLA, $RIVN
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC / $UNH
Economic News for 05/06/2025 (ET):
Trade Deficit - 8:30 AM
Notable Earnings for 05/06/2025:
Pre-Market Earnings:
Datadog (DDOG)
Ferrari N.V. (RACE)
DigitalOcean (DOCN)
Constellation Energy (CEG)
Archer-Daniels-Midland (ADM)
Global Payments (GPN)
Jacobs (J)
Duke Energy (DUK)
GlobalFoundries (GFS)
Portillos (PTLO)
After-Market Earnings:
Advanced Micro Devices(AMD)
Tempus AI (TEM)
Upstart Holdings (UPST)
Wynn Resorts (WYNN)
Rivian Automotive (RIVN)
Energy Transfer (ET)
Artista Networks (ANET)
Kinross Gold (KGC)
Devon Energy (DVN)
Ovintiv (OVV)
Wrap up
Hopefully, market conditions will strengthen and improve in the relatively short term. Please, though, whatever you do, just tread lightly on these market conditions, realize some gains, and do what you can to maximize your profit potential. I am excited to see where the markets take us today, but just prepare accordingly, as it will be difficult navigating today, leading into FOMC tomorrow. Practice risk management, and have an amazing time!
Good luck trading, and let’s see how choppy today is!