HaiKhuu Daily Report - 05/16/2025
Good morning, and happy Friday! Apologies for getting this out late and having this be a relatively shorter report. Feeling terrible at the moment, weather in Chicago is tough, but it is just life. Thank you all for understanding.
Markets are looking alright during the pre-market session, and traders should start to get into a place of both comfort and confidence as we are inching closer and closer to the $SPY $600 magnet. My sentiment yesterday was wrong about the bearish open, but I still feel that I am extremely correct on remaining a skittish bull in the markets. Congratulations to anyone who was able to buy the dip yesterday, and congratulations to anyone who has been absolutely printing in these market conditions.
I do want to warn you all again that in reality, market conditions can easily weaken, but with the way that everything is sitting right now, I want us all to do what we can to maximize our profits, minimize our risks, and have the best time possible. So, if you are attempting to trade today, just follow the momentum and remain a skittish bull. That has worked out phenomenally in the past and should continue to work out into the distant future. Regardless, we had a great time and vibe today.
Good luck trading today, and let’s make the most out of these conditions!
The updated $SPY daily levels are as follows:
Conversion Line Support: $573.51
Baseline Support: $542.01
Psychological Support: $580
Daily Cloud Support: $547.52
Thoughts & Comments from Yesterday - 05/15/2025
Yesterday was honestly a confusing yet oddly beautiful day for the markets. Open was tough with $SPY looking absolutely disgusting, but it gave us an unexpected opportunity to capitalize on the market conditions yesterday with ease. The one thing that I think is funny about yesterday is that if you look at the heat map, you will see weakness coming directly from the megacaps and tech, but the rest of the markets were beautifully green. Shows you why diversity is key to the markets.
So, we started the day with markets looking weak. $SPY opened at $585.59, and conditions did get stronger throughout the morning, but really did not start to pick up until the lunchtime lull, anyone who was scalping early in the morning had a relatively tougher time, but those who were bullish were able to easily capitalize on some strong momentum as $SPY quickly rallied throughout the lunchtime lull, and hovered around the $590~ range, making the official high of the day at $590.97, before chopping around and coming down slightly leading into close.
Thankfully, during power hour, $SPY did start to reverse from the bottom, pushing into close, making a relative high, and officially ending the day trading at $590.46, up $3 for the day, and up $5 from open. Again, if I am being honest, the market conditions yesterday were tough, mostly with the bearish sentiment going into open, but the sentiment of the markets remains true over the test of time. This is why long, strong holds and diversity are great. I was not confident in the market conditions of yesterday, but holding those strong positions, as markets moved up, everything had a phenomenal time.
S&P 500 Heat Map - 05/15/2025
Thoughts & Comments for Today - 05/16/2025
Today is setting up to be a fun time for the general markets. With the way everything is sitting at the moment, there is a significant amount of strength and opportunity in these conditions. It would not surprise me in the case that $SPY hits $600 today, but that does not mean that you guys should be hyper bullish and expect that $SPY hits that level. That is just a statement about the strength in these market conditions and the opportunities that are available. You should not bet that $SPY hits $600 today, but be pleasantly surprised if it does. Again, it is within the true realm of possibility at that level, but it is just a matter of if it happens or not.
Do not put on blinders and disregard the warning signs because you are bullish, because that will absolutely slaughter some traders today. As I have warned before, and as I am about to warn you all again, that these market conditions are favorable for now, but I am genuinely concerned about the downside risk, the closer we get to $600. Once we are back above $600 and holding strong, that is a different story, but until then, remain a skittish bull, and capitalize on as much of this confidence as possible. Markets should only continue to get stronger, and opportunities will become consistently available for us to easily capitalize on.
There will be many fun opportunities to trade though today, with everything that I have warned about 0-DTE contracts over the previous couple of days, with the fact that it is Friday, and many single name stocks have 0-DTE contracts, if you find an opportunity to capitalize on some beautiful quick momentum, have some fun as you should be able to realize some gains quickly with those today.
This is not a suggestion or recommendation to gamble though, as always, make sure to practice risk management and tread extremely lightly if you are trading 0-DTE’s. I do not recommend them for the large majority of traders, and I would highly recommend that any newer traders do not even consider that as a trading opportunity.
For everyone else though, continue to hold your strong US equities at this point. With the confidence in the markets, and short term confusion, conditions are only continuing to get stronger and stronger from the bottom, displaying confidence across the board. If you entered at the bottom a month ago, this is not a bad time to consider taking profits off the table, but at the same time, let your winners win, and allocate accordingly, but if your organization is at what you believe is the top end of the range, the renallocate to something else that is a little safer, and has significantly more upside potential. Again, that is not financial advice nor a signal to buy or sell any positions. It is simply just a suggestion and recommendation if you are up 25%+ on your strong equities and have been considering taking some profit off the table.
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, $JEPI, $UNH, $TSLA, $NVDA, $AAPL, $INTC, $BRK/B, $DIS, $TTWO
LONG OPPORTUNITIES:
Long-Term Dividend - $JEPI
Long-Term Investment - $INTC
Economic News for 05/16/2025 (ET):
Import Price Index - 8:30 AM
Housing Starts - 8:30 AM
Building Permits - 8:30 AM
Notable Earnings for 05/16/2025:
Pre-Market Earnings:
Codere Online (CDRO)
Flowers Foods (FLO)
RBC Bearings (RBC)
Wrap up
Hopefully, market conditions remain favorable and provide strong momentum going into the weekend. Obviously, this is all speculation at this point, and anything can genuinely happen, so please tread lightly, practice safe risk management, and do what you can to maximize your profit potential! This will be a fun day for the markets, so let’s enjoy today and have a great weekend!
Good luck trading, and let’s end this week strong!!!