HaiKhuu Daily Report - 05/22/2025
Good morning, and happy Thursday! These market conditions are getting a little bit spooky with some bearish momentum yesterday, but thankfully you all listened and read the report to hear the warnings about market neutrality and bearish sentiment, so, congratulations to everyone who was able to prepare accordingly, and congratulations to everyone who was able to make the most out of yesterday.
Today is not looking as weak as yesterday going into open with $SPY slightly green at the time of writing this report, but again, general market conditions are looking less than ideal right now. We are still strong in the grand scheme of things, but in the short term, we are seeing a lot of weakness that can quickly snowball and cause a larger sell-off in the perfect wind. So, if you are attempting to trade today, tread lightly, as again, we can go anyway with a significant amount of confusion and fear in the air.
The only major level you should focus on today, if anything at all, is $SPY $580. If $SPY is below that level, that is a sign of weakness and fear, but if we remain above that level, it is a sign of weak confidence and hope, so let’s hope to remain above that level and see where the markets take us today!
Good luck trading today, and let’s see where $SPY takes us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $579.15
Baseline Support: $552
Psychological Support: $580
Daily Cloud Support: $547.52
Thoughts & Comments from Yesterday - 05/21/2025
Yesterday was an extremely confusing time for the markets. Conditions overall were extremely rough, but oddly enough, BTC made a new all-time high. Everything was weird yesterday, with market conditions never really becoming optimal. They remained extremely neutral for the majority of the day, which made trading extremely unbearable.
So, we started the day with $SPY opening at $588.50. Market conditions were not great as $SPY was red about $4 from the previous close, and watched as $SPY really just did nothing early in the morning. We opened by hovering around the open price, then watched as $SPY broke out, leading into the lunchtime lull, going on to make the official high of the day at $592.58, and remained in that area until the afternoon. Nothing happened as $SPY essentially hovered black for multiple hours, only to be followed by a significant amount of bearish momentum in the markets.
Market sentiment quickly shifted around 1 pm EST, where the markets started to sell off extremely early in the process, and watched as $SPY quickly made new lows of the day, and continually sold off into close, where we officially ended the day with $SPY trading at $582.86. down $10 for the day or down 1.7%.
What I can say about yesterday is that conditions were less than ideal for active trading. The lack of momentum was difficult to capitalize on, stopping many traders out, and chopping out the rest, while the significant bearish momentum made it difficult for traders to capitalize on these conditions quickly with relative ease, so from here, we just do what we can to make the most out of these conditions. I did warn yesterday that momentum would be disgusting, and man, did that become true.
Regardless, life moves on, and so do the markets. So please do what you can to make the most out of today, and let’s have a great time!
S&P 500 Heat Map - 05/21/2025
Thoughts & Comments for Today - 05/22/2025
Today is going to be another tough day for the markets. So, if I am being honest with you, I hope that the markets move up beautifully from here and we only continue to move up towards $SPY $600, but at this time, with the confusion in the markets and the current placement we are in, $580 is a significantly higher reality, and again, please, just remember the chopping block if the markets continue to sell off.
There is the magnet zone at $600, and that impacts the markets between $580-620, a +/- $20 range on $SPY, but at the same time, depending on where we are on that scale in the markets, that is an easy way to drive sentiment. With $SPY above $580 still, that is a slight bullish sign from this point that can drag us back up to $600 inevitably with time, but once we break below that $580 point, we will be within the $570~580 “no man’s land” and that creates the confusion and panic that traders hate. In the case the markets continue to sell off after $570, we will be back within the $550 magnet zone, and hopefully, do not break below that point and continue to sell.
But as much as I hate saying that, I hope that never happens, just know that anything is a reality. We were at that level just a couple of weeks ago, and we can easily come back down. One day of bearish momentum is not enough to slaughter the markets, but it is just an unfortunate scenario that was difficult to capitalize on. Regardless, just remember that at the end of the day, look for some great opportunities to buy and allocate into the markets.
As long as you all are looking and purchasing some STRONG US equities on any dip, you hypothetically should be fine. Obviously, this is not financial advice nor a signal to buy or sell any positions, but, when there are dip opportunities like this, and larger dip opportunities like what happened a month ago, what realistically happens is that traders get into a state of fear and panic, and as a result of that, traders lost a significant amount, but those who sat with capital ready to deploy, are taking advantages of the deals in the markets, and making the most of it.
So again, I am not saying that you should be overly cautious or overly aggressive in these market conditions,. But in the case that we see a minor correction in the markets without any major significance, then you should honestly just sit there and take advantage of the weakness, confusion, and panic, because that will provide us again with some amazing opportunities. It provided it to us a month ago, and I am sure the markets will correct again inevitably one of these days, so when that happens, use it as an opportunity to make some smart decisions, realize some gains, and have an amazing time.
But hey, that is just me and my thoughts. As long as you all are practicing safe risk management in these market conditions, you will be fine.
I will say one thing I am looking forward to is attempting to scalp some 0-DTE calls over the next couple of days. I do not know when I will get in, or where I will get in, but when I do, if I enter into anything today, I will let you all know in real 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, $JEPI, $INTC , $TSLA, $NVDA, $AAPL, $BRK/B, $DIS
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 05/22/2025 (ET):
Initial Jobless Claims - 8:30 AM
Services PMI - 9:45 AM
Manufacturing PMI - 9:45 AM
Existing Home Sales - 10:00 AM
New York Fed President Williams Speaks - 2:00 PM
Notable Earnings for 05/22/2025:
Pre-Market Earnings:
Advance Auto Parts (AAP)
BJ's Wholesale Club (BJ)
Analog Devices (ADI)
Lightspeed Commerce (LSPD)
Ralph Lauren (RL)
TD Bank Group (TD)
Titan Machinery (TITN)
After-Market Earnings:
Ross Stores (ROST)
Intuit (INTU)
Workday (WDAY)
Autodesk (ADSK)
StepStone Group (SVM)
Silvercorp Metals (SVM)
Wrap up
Hopefully, market conditions will continue to get stronger from here and provide us with some genuine opportunities to trade and realize a significant amount of gains. It would not surprise me if market conditions did strengthen soon. Still, again, it is just a matter of navigating this short-term volatility and confusion. And again, just a reminder to remember and look out for a possibility of a sell-off to $580 or below today! Tread lightly, and let’s have some fun!
Good luck trading, and let’s see where $SPY takes us!