HaiKhuu Daily Report - 06/02/2025
Good morning, and happy Monday!!! I hope you all had a wonderful weekend and are prepared for today! Markets are down at the moment, but with the current conditions, things are going to get sketchy. Please, continue to tread lightly and practice safe risk management with your allocations today. I expect many traders to have a generally difficult time, but on the other hand, opportunities will consistently present themselves, mostly to those who were lucky enough to catch the general market momentum and account for the drop prior to Friday’s close.
Regardless of everything, it is our job to capitalize on these market conditions and do what we can to realize a significant amount of gains. It shouldn’t be difficult making the most out of today, but I will tell you that it will be difficult not to generate losses. I expect the large majority of traders today to open the day in the red, and I assume that for the majority of traders, it will remain red throughout the rest of the day. Hopefully, not too much blood is shed. At the same time, with the strength and opportunities available in these market conditions, I hope you all take advantage, regardless of the momentum, and realize some gains.
Please note again that I expect the majority to generate losses today. That is not a statement about any individual or your ability to navigate these market conditions. Still, rather a general statement reflecting the ongoing market momentum, which suggests that it will be a tough day.
That is just life, so with the new week ahead, make sure to check out our WEEKLY PREVIEW!
Good luck trading this week, and let’s see where $SPY takes us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $585.57
Baseline Support: $564.50
Psychological Support: $580
Daily Cloud Support: $547.52
Thoughts & Comments from Last Week
Last week was not a fun week for the markets. Conditions were less than ideal, and traders did not have any great opportunities to trade. There was a significant amount of neutrality that made trading difficult, and many traders, unfortunately, realized gains as a result of the lack of momentum. Regardless, traders did have a fun time with the opportunity consistently presented to us across the board! Hopefully, you all realized some gains and had a lot of fun!
We started last week with $SPY opening at $586.07, and conditions looked promising, gapping up after the long weekend. Conditions were phenomenal despite some wild intraday volatility, which was just met with continued neutrality throughout the entire week. I wish there were better opportunities to discuss trading, but outside of the fact that on Wednesday, the markets surged irrationally on the news that the sweeping tariffs were being blocked, only to be shut down by Trump himself, there was really no significant movement in the markets at all last week. It was all slow, continued bearish momentum, which is less than ideal, but is again just a part of being in the markets. I wish there was more to be said, but between the open price on Tuesday and the close on Friday, $SPY moved less than half a percent, and we all had an terrible time.
Last week was a short week for the markets, with even worse general momentum. Again, hopefully you all were able to realize a significant amount of gains and absolutely printed last week, but I can unfortunately say that I would bet that the large majority of you who did attempt to trade, or attempt to trade 0-DTE contracts had a tough time, but again, it is simply just life and these market conditions, so hopefully you all listened to our warnings, realized some gains, and had an amazing time.
So, let’s see what this week has in store for us and capitalize on it accordingly!
S&P 500 Heat Map - Last Week
Thoughts & Comments for Today - 06/02/2025
Today is setting up to be a grosser day for the overall markets. As much as I would love to say that we are setting up for greatness at the moment, $SPY is down roughly half a percent at the time of writing this report, and I expect that it is down more by the time markets are open. Hopefully, that is not true and we only have a beautiful recovery between then and here, but at the same time, for generalized safety, I would not advise anyone to be overly optimistic today when it comes to general market sentiment. I hope that I am very, very wrong, but at the same time, it is hard to be wrong when you say market conditions are going to be tough, when market conditions are tough. The hardest part about these conditions is navigating them with generalized confidence, but that is where the beauty lies. We have that generalized confidence in knowing when and where to allocate for the best results.
Whatever you do today, please ensure that you practice safe risk management and tread extremely lightly. Many traders are going to get wiped out as a result of poor allocations and tough market conditions. I do not blame you for market conditions being tough and less than optimal, but I do blame you for not practicing safe risk management and allocating improperly.
If you are allocating today, regardless of whether the markets are bullish or bearish, ensure that you are not fighting the momentum. Traders are going to get slapped if they are attempting to fight the momentum, where yes, if you timed out your position perfectly, you could have released X? amount of gains, but at the same time, just remember that if you timed out your position incorrectly, you could have been down 100%. So, don’t fight the trend; make sure to practice safe risk management today.
I would like to take a moment to discuss the current neutrality in the markets.
I will warn you all right now that we should expect difficulty navigating this momentum in the short term until we achieve a movement, and once we do, please expect to see a significant directional shift.
I do not know which direction we will take, but I can easily see a range of +/- $10 from this point in an extremely short period of time, which is interesting, as that is exactly the magnet range on $SPY at the moment. So, if you are looking to trade, just know that here in the short term, conditions are going to be tougher to navigate, mostly if there is neutrality, but at the same time, with the way that everything is setting up, please set your PT’s to $580 or $600. If $SPY breaks above $600, that is a strong bullish sign for the markets; if $SPY breaks down below $580, that is a strong bearish sign for the markets. Any direction can happen, and we are going to continually chop around that $590 until there is a catalyst for a sentiment and direction shift. Still, until then, it is for us to do what we can to maximize our potential, while realistically acknowledging that many people will perish. At the same time, we ultimately find out our end result.
But hey, that is life, and that is the markets. Continue to watch $RGC, again, do NOT purchase that organization. It is a Chinese pump & dump stock that is about to dump. I feel that it is a fantastic learning lesson and example that many traders can watch happen in real time, so go watch it to watch its movement, as one of these days, it might break out, and if it does not break out, get ready to watch it fall 50-60%, and see exactly why I do not recommend random Chinese BS pump and dumps to you guys. But hey, markets, am I right? Let’s see what the markets have in store for us today, and have a great 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, $RGC
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 06/02/2025 (ET):
Manufacturing PMI - 9:45 AM
ISM Manufacturing - 10:00 AM
Construction Spending - 10:00 AM
Dallas Fed President Logan Speaks - 10:15 AM
Notable Earnings for 06/02/2025:
Pre-Market Earnings:
Campbell Soup (CPB)
Science Applications (SAIC)
After-Market Earnings:
Credo Technology Group (CRDO)
ABIVAX Societe Anonyme (ABVX)
Wrap up
Hopefully, market conditions only continue to strengthen throughout the rest of today and provide us with confidence. Just please, continue to tread lightly and be careful with the neutrality that we are seeing across the board. Obviously, it would be great if we saw any sort of directional movement, but at the same time, it would not surprise me if we remained neutral. So please, protect your bottom line, and let’s have some fun!
Good luck trading, and let’s start this week strong!!!