HaiKhuu Daily Report - 06/03/2025
Good morning, and happy Tuesday!!! Man, these market conditions have only continued to remain extremely neutral. $SPY is still hovering in the range that it has been for the two weeks, markets are down slightly during the pre-market session, and I am expecting to see a continuation of this neutrality. Market conditions are obviously less than ideal with a lack of momentum, but I just want to remind everyone to please EXPECT to see a large movement in the markets as a result of this consolidation.
Once we finally break out of this consolidation, I do not know which direction we are headed, but the two PT’s that I have at the moment are $SPY $580 and $SPY $600. I’ll talk more about all of this later on in the report.
All that matters for now is that you all prepare accordingly for today. Again, I am expecting choppy and tougher market conditions with a significant amount of neutrality, but at the same time, when market conditions are less than ideal, that is when the most profit is made, so just continue to be smart, and practice risk management, but look to take advantage of the opportunities that are presented to us to realize a significant amount of gains in an extremely short period of time.
But hey, it’s life am I right? So enjoy today, make the most out of the conditions, and have an amazing time.
Good luck trading today, and let’s see where $SPY takes us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $584.83
Baseline Support: $568.53
Psychological Support: $590
Daily Cloud Support: $547.52
Thoughts & Comments from Yesterday - 06/02/2025
Yesterday was an honestly tough, yet extremely beautiful day for the overall markets. There was general confusion and difficulty, which was matched by neutrality and chop. Still, with the overall strength of the markets, a lack of momentum was unfortunate, but anyone who was simply buying and holding should have had some fun!
We started the day with $SPY opening at $587.75; market conditions were less than ideal around the open, quickly rising before dropping heavily, as $SPY went on to make the official low of the day at $585.06. Market conditions did thankfully improve, slowly moving back up and recovering everything lost during the selling event, but continued to remain extremely neutral around the $590 range.
Allocations at the time were extremely inconsistent, as well as the continued neutrality on an intraday basis was absolutely disgusting, making trading almost impossible on an intraday basis unless you were extremely lucky, or timed out your position absolutely perfectly.
However, markets did move back up again, leading into the close, where, for the final hour and a half of the day, we lacked any strong general momentum. Still, thankfully, we continued to make new highs of the day in the process, going on to make the official high of the day leading into close, where we ended the day officially with $SPY trading at $592.71, up $3.30 for the day, or up 0.56%.
Market conditions could have been more ideal, but again, that's simply life. It is unfortunate that many traders experienced general difficulties, but again, that is simply part of life and the markets. There is not much that we could have done, but again, this was one of those days when anyone who had allocated long into the markets and held strong equities should have been completely fine. However, we did warn you all about the neutrality, so we will see what happens in the markets today and hope for better results.
S&P 500 Heat Map - 06/02/2025
Thoughts & Comments for Today - 06/03/2025
Going into today, I am going to be completely honest with you all about this, I am expecting to see some difficulties as well as neutrality in the markets. Hopefully, again, we see momentum-based movements, but again, I am going into today 100% expecting a continuation of neutrality. $SPY is down slightly at the time of writing this report, and I believe that realistically, these market conditions will only continue to remain less than optimal until markets have a catalyst to pick a direction to break out.
You all have heard me say this before in the past, and have heard me say it again recently, but just remember that when the markets consolidate in this fashion, typically what happens is there is a large directional move as an aftermath result. There is no expected direction after a consolidation, and it just depends on the price action, demand, and catalyst for the movement. Just watch for any confirmation of a break in either direction.
With $SPY trading in this extremely tight range, again, I highly do not recommend taking on a significant amount of risk on short-term bets, unless you are able to navigate these conditions with confidence. The best of traders will get wiped out on days like the previous couple of weeks, but again, it is simply just life. There is no reason to take on a significant amount of risk and fight the market momentum, especially when you are both comfortable and confident in your ability to navigate.
I believe that scalping in these market conditions is both one of the best and worst ways to capitalize on them. It all comes down to traders and their ability to navigate the markets. Many traders simply do not have what it takes to scalp $SPY when there is neutrality confidently. This is not a statement on your ability nor an attack on anyone, but let me ask you, if $SPY moves a total of $0.10 over three hours, how would you utilize the lack of momentum and small $0.05 chop to generate EV and remain beta neutral while creating alpha?
If you do not have a good answer for my question. You do not have what it takes to trade market conditions comfortably and confidently when there is a lack of momentum.
Sidebar: If there is a lack of momentum, 0-DTE plays are NOT the move, and you are going to watch as theta deletes your portfolio.
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If you want to capitalize on these market conditions with ease, my sentiment has continued to remain the same from the bottom. This is not a fun nor sexy thing to hear, but continue to hold your strong US equities. Obviously, it would be sexier to find the next play that rallies 10,000%, but at the same time, that is unrealistic and inconsistent. Holding strong equities when there is confusion, and purchasing where there is a discount is never the “sexiest” answer, but there has been many phenomenal organizations that have outperformed the markets over the previous couple of weeks.
In the past two weeks there has been extreme neutrality in the markets. $SPY didn’t really move and this is what I am expecting has occurred during that time.
Investors: No significant change at all in anyway shape or form - Should have remained essentially neutral assuming you are holding strong organizations
Traders: Tough time, 100% of them generated losses sometime over the previous two weeks, and 80% of them are red overall during that time. Those not red should be beautifully green
0-DTE Scalpers: Verge of Bankruptcy - Neutrality has absolutely killed their ability to look at the markets without having a panic attack
Option Sellers: Loving life - Neutrality has absolutely killed it for them, as they do nothing and print money all day long
Single Name Holders: It depends on the organization you are holding. But, assuming you found some plays that printed (Example: $CRWV), and held it during the rally, you would have performed the best
Anyone who was trying to trade got absolutely slapped around over the previous couple of weeks, while those who sell premium only continued to profit, investors didn’t stress out, and anyone who held any organization that performed well should have printed during the same time. $SPY has moved 0% in the past two weeks, while $CRWV has ripped up 80%. So, despite there being neutrality in the markets, and tough conditions. Again, buying and holding strong organizations only continue to perform well. I feel like I am beating a dead horse sometimes when I say it, but it’s hard to be wrong when you are saying the right thing. So, just my two cents on the current market conditions and how you should handle things.
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
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 06/03/2025 (ET):
Factory Orders - 10:00 AM
Job Openings - 10:00 AM
Notable Earnings for 06/03/2025:
Pre-Market Earnings:
Dollar General (DG)
NIO (NIO)
Signet Jewelers (SIG)
Ollie's Bargain Outlet (OLLI)
Donaldson Company (DCI)
Ferguson (FERG)
After-Market Earnings:
CrowdStrike (CRWD)
Mama's Creations (MAMA)
Asana (ASAN)
Couchbase (BASE)
Guidewire Software (GWRE)
Hewlett Packard Enterprise (HPE)
HealthEquity (HQY)
Sportman's Warehouse (SPWH)
Wrap up
Hopefully, market momentum is better today and we actually have conditions that we can capitalize on with more strength. Obviously, everything is just speculation at this point where in reality, I am just expecting neutrality while we are within this consolidation, but we just get to sit back, enjoy a wonderful time, and do what we can to maximize our profit potential. This should be another fun time for the markets, so let’s make the most of it, and have an amazing time!!!
Good luck trading, and let’s make the most out of today!