HaiKhuu Daily Report - 05/23/2025
Good morning, and happy Friday!!! Man, these market conditions are CONFUSING. Markets look great until they don’t. Markets look terrible… until they don’t. Traders are currently getting chopped left and right, with a significant amount of confusion across the board, and weakness left and right. It would not surprise me if conditions continued to worsen today, but at least $SPY is trading up during the pre-market session.
Because it is Friday, going into a long weekend (Again, markets are CLOSED on Monday), I hope you all are ready for some increased volatility, confusion, and opportunity. There will be an increase and a decrease in traded volume today, so tread lightly. This may sound confusing, but it makes a lot of sense. Just be careful because that general confusion creates inconsistencies in the markets and impacts general sentiment.
Conditions at least today will be tough, so please, just make sure you practice safe risk management, do not gamble your entire portfolio, and again, just make some smart decisions.
Traders will get wiped out today, so go into today expecting choppy neutrality, and be pleasantly surprised when you allocate with the momentum in the markets right before they move! So, it’s just life and these market conditions. So, make wise decisions, chill, and have a fantastic time!!!
Good luck trading today, and let’s PRINT some money!
The updated $SPY daily levels are as follows:
Conversion Line Support: $586.29
Baseline Support: $552.00
Psychological Support: $580
Daily Cloud Support: $547.52
Thoughts & Comments from Yesterday - 05/22/2025
Yesterday was an absolutely disgusting day fore the overall markets. As much as I would love to say it was a great time. It was not. There were opportunities to trade, opportunities to realize a significant amount of gains, but no great trading opportunities. markets were extremely neutral for the large majority of the day, and ultimately ended up killing many traders, regardless of direction or allocation.
So, we started the day with $SPY honestly looking alright. Conditions were not great, but we opened the day at $582.65, markets were slightly red during that time, but conditions were honestly alright, we went on to quickly make the official low of the day at $581.41, before watching as the markets moved up, came back down, and cycled like that for honestly the majority of the day. We would make a new relative high, return to the $582~ chopping point and remain neutral at that point, making trading extremely difficult and inconsistent for most traders. Conditions obviously were less than ideal through the chop, but it did at least provide traders with many great opportunities to allocate across the board.
One thing I am proud of, though, is that during the lunchtime lull, we were able to perfectly call out our shot, where we were able to predict both the price action and the movement in the markets almost perfectly, with ease and almost no effort involved at all in any way, shape, or form. Regardless though, we did watch as during the back half of the trading day, after hitting our price target for the final time, the markets started to rally up from the bottom, going on to make the official high of the day trading at $586.62, looking phenomenal and traders were optimistic and excited…. until the final half hour of the trading day.
During that time, $SPY went on from trading at the official high of the day, to going on to make a new relative low, chopping around the previous chop point, selling off absolutely 100% of all of the gains that were incurred in a small timeframe, and watched as $SPY was extremely weak. We ended the day with $SPY trading at $583.09, up $0.23 for the day, or 0.04%. I am not saying that it was a great time for the markets, nor saying it was a terrible time, but it was a generally disgusting day. There were opportunities consistently to trade in either direction, but it was just a matter of doing what you can to maximize your profit potential at the same time in the small timeframe, but regardless, life moves on and so do the markets, so I hope that you all printed while trading yesterday and had some fun!!!
S&P 500 Heat Map - 05/22/2025
Thoughts & Comments for Today - 05/23/2025
Today is going to be a tough day for the markets. I do not want to say anything that would get you to think otherwise or cloud your judgement. Today is going to be a tough day; it may not remain a tough day, but with the way that the markets are looking going into open, I am genuinely not expecting anyone to make a significant amount of realized gains today.
I hope that you all prove me wrong and I look stupid saying this as everyone here generates some life changing realized gains, but this is one of those days that realistically would not happen. There is weakness across the board and traders are feeling rather uncomfortable with the way that the markets are currently sitting. Markets are up slightly at the time of writing this report, but that does not impact my sentiment at all in anyway shape or form.
There will be two things that I will attempt to look out for today. With the weakness in the markets, we just watched as $SPY broke below the daily conversion line support, and is in the process of testing the $580 psychological support. I am not saying that the markets are overly weak, nor again attempting to get you all to be bearish these market conditions, but with the weakness that we’ve seen in the markets yesterday, my largest concern is that we get momentum based selling, where the selling only continues to snowball throughout the day in true bloody fashion.
Again, I obviously really hope that the markets do not come down from here, but I am simply just saying all of this as a generalized warning to make sure that you all are safe during this time, and just know that in the case the markets start selling off, follow the momentum.
I do believe that many traders, specifically those trading 0-DTEs today, will have an extremely difficult time navigating these conditions with confidence. I mean, with the way that everything is trending, I would truly love seeing a burst of confidence coming back and push us towards $SPY $600, but it is just extremely unrealistic to attempt to bet on a movement that large. Most people who purchase 0-DTEs today, unless you are scalping or extremely lucky, will most likely have a difficult time. So, just my two cents.
With Monday off, again, this is going to heavily impact the volume, momentum, and volatility of today. Many traders are in the process of taking a long weekend. Still, at the same time, we will see many traders FOMO in and trade more today as a result of not being able to trade on Monday, resulting in essentially a wash between the two sentiments, not impacting performance much. Still, it will make trading again extremely inconsistent, and make traders uncomfortable while trading with irrationality.
If you are attempting to trade today, the safest move will be to attempt to find an organization that is undervalued on an intraday basis, that has strength and is showing potential for a movement. Follow that said momentum, capitalize on the conditions, and simply just have some fun. Many again will trade and lose their asses, so please, just practice safe risk management, make some smart decisions, and realize some gains!
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 05/23/2025 (ET):
New Home Sales -10:00 AM
Notable Earnings for 05/23/2025:
Pre-Market Earnings:
Booz Allen Hamilton (BAH)
Wrap up
Hopefully, market conditions are beautiful for us going into the long weekend and they provide us with some great opportunities to ride some blind bullish momentum, but obviously that is not going to be the case and there are going to be confused traders across the board. Please, make sure to practice safe risk management, make some smart decisions, trade accordingly, and realize some gains in the process. Life is going to be great and trading is going to be a lot of fun today, so make some good plays, and have some fun leading into the weekend!!!
Good luck trading, and let’s end this week strong!!!