HaiKhuu Daily Report - 05/29/2025
Good morning, and happy Thursday!!! These market conditions are looking promising, as we have received news that the US Federal Court has blocked Trump’s sweeping tariffs, resulting in the markets surging overnight. $SPY is looking amazing right now, and there is an extremely high likelihood that we will watch as $SPY has the strength to break out and break past $600.
As always, I am going to advise that you tread extremely lightly and practice safe risk management in these general conditions, as we can easily come down with an orange swan in the water, but do what you can to make the most of the current conditions. No one should be overly aggressive today, but no one should be passive either. Please, make the most out of the opportunities that will be available today as a result of the ongoing market sentiment and strength.
Take advantage of today, realize a significant amount of gains, and have some fun. Today should be a great day, so let’s make the most of it!
Good luck trading today, and let’s see $SPY $600!
The updated $SPY daily levels are as follows:
Conversion Line Support: $585.57
Baseline Support: $557.37
Psychological Support: $595
Daily Cloud Support: $547.52
Thoughts & Comments Yesterday - 05/28/2025
Yesterday was an absolutely disgusting day for the overall markets. Traders mostly got slashed across the board, but there were some that were able to survive. Market conditions were looking less than ideal, and there was significant difficulty as a result of the ongoing market sentiment. Many traders lacked the comfort and confidence to actively trade and realize gains, but at the same time, with the opportunities that are consistently available, FOMC minutes were a dud, but thankfully, if you listened to the report and the warnings yesterday, you should have been well prepared. Regardless, it is simply just life and these markets.
So, we started the day with $SPY opening slightly green for the morning, opening at $591.52. Market conditions were strong at open as $SPY did quickly rally and went on to make the official high of the day, trading at $592.76 before quickly coming back down, and remaining down the entire time. Conditions were less than ideal, but regardless, it is simply just life.
From the top, $SPY dropped approximately $3 in the process and went on to make a relative low testing and playing around $590. Markets really didn’t move from the bottom, and as expected, really did not move much on FOMC. Once those minutes were released, we watched as there was a small drop in the markets and a small pop in the markets. Nothing of any major significance, and conditions only continued to remain extremely weak and neutral.
Going into close is where things started to get sketchy. With the strength and confidence in the markets, we watched as all of that was thrown to the side as markets sold off leading into close on the orange swan, where we went on and made the official low of the day at $587, and ended the day at $587.73, down $3.50 for the day, or down 0.6%.
After hours, we did get $NVDA earnings, as well as tariff news, so prepare to watch as the markets absolutely rip and rally for us all today!
S&P 500 Heat Map - 05/28/2025
Thoughts & Comments for Today - 05/29/2025
Today should be a little bit of fun for the markets. Given the current outlook, $SPY is trending strongly, traders are optimistic, and we should all be excited about today. With the recent news catalyst, I am confident that people will experience FOMO and attempt to buy today. That is a double-edged sword, but it does provide us with more opportunity and confidence. Before I get into anything, as always, I will warn you to tread lightly today. Despite conditions looking extremely strong and the fact that traders are optimistic, we can easily sell off from this movement. Just a fair warning.
But let me tell you a reason why I am so bullish in the general markets and have been for the previous month or two. Obviously, these conditions have been less than ideal with $SPY selling off extremely hard and making a low over $100 ago. I completely understand the reason why people hated the markets a couple of months ago and the fact that conditions were less than ideal, but at the same time, that same hatred is still in the markets and is providing us with ultimately “weaker” conditions. Retail traders are still dumb, and some are still shorting, which gives me all the confidence in the world to continue to go long. The only time that sentiment will shift is once everyone starts to become greedy and bullish. Just remember that it is very easy to look at the markets as a whole and get a pretty solid judgment as a result.
Just remember, buy when people are fearful and scared, sell to them when they are euphoric and greedy. We are not at the stage of euphoric greed just yet, but with the fact that traders are not allocating in the markets yet, but will start to FOMO in as a result of these headlines, we should see a continuation of strength.
The next levels that I am looking out for are $SPY $600, $SPY $613, and $SPY $620.
Once $SPY breaks above $600, which in my opinion should be a relatively easier goal to achieve at this point, watch for a continuation of strength to maintain that $600 support level. Assuming we retain that support level, $613 is the previous ATH on $SPY, that will be the next major point to break, and then the final is that $620 level. Once we break past that $620, we are out of the $600 magnet zone, and we are back in literally and metaphorically uncharted territory.
Obviously, it would be ideal if the markets only rose to that level and never experienced any bearish days in the process, but remember that in reality, the markets are generally bullish, but there will be times when they decline. This could be external news or factors that impact independent organizations. But regardless, just tread lightly knowing that conditions are extremely strong, but at the same time, traders are still confused and NOT FOMOing in on anything just yet. So please, be smart, be safe, and make some great allocations today.
People are not FOMOing into the markets just yet, so remain calm, remain safe, and have an absolutely amazing time during this rally!
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, $X
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 05/29/2025 (ET):
Initial Jobless Claims - 8:30 AM
Pending Home Sales - 10:00 AM
Notable Earnings for 05/29/2025:
Pre-Market Earnings:
Foot Locker (FL)
Best Buy Co (BBY)
Caleres (CAL)
Burlington Stores (BURL)
Canadian Imperial (CM)
Hormel Foods (HRL)
Kohl's Corporation (KSS)
Build-A-Bear Workshop (BBW)
Bath & Body (BBWI)
Li Auto (LI)
After-Market Earnings:
Marvell Technology (MRVL)
Costco Wholesale (COST)
Dell Technologies (DELL)
Elastic N.V. (ESTC)
American Eagle Outfitters (AEO)
Gap (GAP)
Ulta Beauty (ULTA)
NGL Energy Partners (NGL)
NetApp (NTAP)
CooperCompanies (COO)
Wrap up
Hopefully, markets only continue to rip and rally today. Please make sure to practice safe risk management and limit your general risks at this point. Conditions could obviously be better, but with the confusion and confidence in the markets, traders are going to see some insane volatility and have a lot of fun. So please, make some smart decisions, realize some gains, and print today! Let’s have a great time, just again, practice safe risk management!
Good luck trading, and let’s see $SPY $600!!!