HaiKhuu Daily Report - 06/04/2025
Good morning, and happy Wednesday! Man, I feel that this week is absolutely flying by, while market conditions continue to remain strong and optimistic. I would highly advise that traders continue to remain excited about these market conditions, but tread extremely lightly as genuinely anything can happen at this point. $SPY is up slightly during the pre-market session, and conditions are only continuing to look stronger as we are reaching towards the $600 magnet zone. Given the current market trends, it would not surprise me if we continue to slowly trend upward today and head towards $SPY $600.
Regardless of what you do today, do not fight the market momentum. Expect some neutrality and chop in the off-chance that $SPY ultimately breaks out to $600. Unless we break through $600, I expect to see some more choppy confusion at that level.
So, please continue to make the most of today. $SPY is up almost 20% from its bottom in two weeks. I just want to say again, congratulations to anyone who bought the dip with us, and let’s watch as the markets continue to breakout.
This will be a great time, so good luck trading today, and let’s realize some gains!!!
The updated $SPY daily levels are as follows:
Conversion Line Support: $586.34
Baseline Support: $569.30
Psychological Support: $590
Daily Cloud Support: $547.52
Thoughts & Comments from Yesterday - 06/03/2025
Yesterday was a wonderful day for the markets. Traders, including myself, were conflicted going into the open, but all weakness was short-lived, as strong bullish momentum emerged after the open and continued throughout the entire day. There were many opportunities to realize significant gains; it was just a matter of realizing them.
So, we started the day with $SPY trading at $592.39. Market conditions were less than ideal, as $SPY was red. Still, momentum shifted positively as the markets experienced a significant bullish movement from the bottom, with $SPY rising from $591.86 to reach the day's official high of $597.08. Markets pushed from the bottom and rallied throughout the morning, into the lunchtime lull, and everyone should have printed in the process.
After making the official high of the day, market momentum did slow down slightly, dropping back down to $595, bouncing off that level and chopping at $596, before coming back down leading into close where we officially ended the day at $596.09, up $3.38 for the day, or up just shy of 0.6%.
What I will say about yesterday is that the momentum truly was unexpected, where I was incorrect and expected a significant amount of neutrality, but that does not matter, as a skittish bull should have continued to win, as well as watched as all of our long positions continued to play out perfectly. Now, we will see where the markets take us and do what we can to maximize our profit potential. This is going to be a lot of fun today, so let’s realize some gains and absolutely PRINT!
S&P 500 Heat Map - 06/03/2025
Thoughts & Comments for Today - 06/04/2025
Today is going to be a tough and confusing day, but that is the beauty of the situation. So, this is currently the way that things are going down. With the way the markets are trending, there is comfort, confidence, and optimism right now. This is not necessarily a BAD thing, but this is one of those times where, just because conditions look good, it does not mean WE should be comfortable and confident.
I would advise you all to continue allocating, trading, and realizing some gains. I’d be a terrible person if I did not, but at the same time, we are in a situation that if the markets chop or ultimately drop, many people will realize significant losses. That is why I have been warning everyone about the neutrality in the markets. Thankfully, $SPY has broken out of that previous consolidation phase and is showing signs of bullish movement, but again, I am very skeptical of this movement right now. There is not much room to capitalize on the upside without being met with the $SPY $600 resistance, and it will be tough to trade with confidence, mostly leading into a major resistance point, so please, if you are attempting to trade the bull side today, odds are in your favor, but at the same time, please continue to tread lightly and practice safe risk management.
Just continue to keep in mind $SPY $600 is going to be a choppy point. Unless there is a catalyst for a major breakout, I am not assuming that the markets will be able to break through $600 instantly and continue to rally. I am expecting momentum to be choppy, slow, and bullish, leading to $600, while we are choppy, slow, and confused at $600. The question is then, how do you anticipate allocating?
If the markets are showing strength, potential, and optimism at $600, look to scalp towards the upside to capitalize on the FOMO back into the US markets. If the markets are displaying weakness, though, if we are testing $600, tread lightly. But, assuming that the markets reject at $600, then that will be another amazing opportunity to trade and retain exposure, with little downside risk.
One thing that I do with many of my plays is look to make an allocation, not specifically as a result of technical analysis, but looking at it more from a human psychology and risk management perspective.
Let’s use $600 for this example, and I’ll play out both sides. So, let’s say that I am bearish on $SPY $600, I believe that it is going to reject, and $SPY is currently trading at $599.75, you can short $SPY, and then have a stop right above the major support level, where let’s say it is placed at $600.05, you are risking $0.30 to enter into a short position, managing your risk, and limiting your exposure. You might be incorrect, mostly if $SPY chops right above $600, but on principle, can easily be applied elsewhere.
The same thing applies to being bullish. Let’s say you are bullish and $SPY JUST broke above $600, we are trading at $600.05, and you believe the markets are headed up, set a stop right below the major support levels, IE, $599.75. You might lose $0.30 again if the markets are chopping around, but assuming your thesis remains valid, then allocations like this really manage your risk and make it easy to get large lots of exposure, without risking too much. I personally would be more than happy riding $5M in $SPY with a $0.05 stop above or below a major support level.
So please, abuse that in the case $SPY looks like there will be a directional movement at $600, regardless of the direction. Just simply make sure you are practicing safe risk management and limiting your risk and exposure in the markets. Regardless, it will be a great time, and today will provide us with many phenomenal opportunities to trade!
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, $CRWV, $NVDA, $TSLA, $INTC, $DIS, $AAPL
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 06/04/2025 (ET):
ADP Employment - 8:15 AM
Services PMI - 9:45 AM
ISM Services - 10:00 AM
Fed Beige Book - 2:00 PM
Notable Earnings for 06/04/2025:
Pre-Market Earnings:
Sprinklr (CXM)
Dollar Tree (DLTR)
Genesco (GCO)
REV Group (REVG)
THOR Industries (THO)
VersaBank (VBNK)
Webster Financial (WBS)
After-Market Earnings:
MongoDB (MDB)
FIve Below (FIVE)
Planet Labs (PL)
PVH Corp (PVH)
ChargePoint Holdings (CHPT)
BARK (BARK)
Descartes Systems Group (DSGX)
Greif (GEF)
Tilly's (TLYS)
Argan (AGX)
Wrap up
Hopefully, this is going to be a beautiful day with $SPY breaking above $600, but again, I will say that I am skeptical, just for the safety of everyone involved. I am optimistic in hoping that $SPY is able to break above $600 and continue to rally, but regardless of my thoughts and sentiment, it is our jobs to do what we can to make the most out of these current conditions. Again, $SPY is looking strong, so make the most of these opportunities, but at the same time, please just make sure to practice safe risk management and generate some EV.
Good luck trading, and let’s see $SPY break $600!!!