HaiKhuu Daily Report - 06/05/2025
Good morning, and happy Thursday! Another day, and a couple of cents closer to $SPY $600! I hope you all are doing great and are ready for today. Conditions are looking strong going into open, but I am worried and concerned that market momentum is going to continue to lack and be confusing, despite conditions being amazing and traders being optimistic. Please, if you are attempting to trade or do anything, protect your bottom line today, as many traders are going to get burned and realize some losses today. Hopefully, anything that is generated is not anything of any major significance, but it is never fun losing.
So, please take advantage of the general market momentum and opportunities being presented to us. Let’s capitalize on some gains and do what we can to make the most out of this week. Again, I think there is a strong shot we see $SPY $600 today, so let’s have an amazing time, realize some gains, and kill it today!
Good luck trading today, and let’s see where $SPY takes us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $586.784
Baseline Support: $569.74
Psychological Support: $595
Daily Cloud Support: $547.52
Thoughts & Comments from Yesterday - 06/04/2025
Yesterday was a tight and disgusting day, during which I would bet that the large majority of traders who attempted to trade unfortunately generated some losses. Markets were inconsistent and difficult to navigate, but we warned you perfectly ahead of time that conditions were less than ideal. At the same time, traders were about to lose a significant amount of what they allocated incorrectly, and it looks like that unfortunately played out perfectly. Hopefully, you all were able to achieve a significant amount of gains throughout the difficulty and had a great time yesterday!
So, we started the day with $SPY opening at $597. Market conditions were looking great, and we watched as $SPY rallied on to make the official high of the day at $597.94. That is when things started to get sketchy. We watched as economic news at 10 am dropped us to a relative low, before the markets recovered and fully rebounded to test the official high of the day. Then, leading into lunch, we watched as $SPY went black again for the day, before rallying nicely during the afternoon, which made conditions extremely confident in the process.
$SPY did recover to $597 leading into power hour, and market conditions were honestly less than ideal. We watched as $SPY dropped for the entire final hour of the day, going on to make the official low of the day into close, ending the day officially at $SPY $595.93, meaning that $SPY ended the day down $0.16 or down 0.03%.
What I will say about yesterday is that, again, conditions were less than ideal, and it was a difficult time attempting to trade with both comfort and confidence. Many traders realized gains yesterday, so congratulations to anyone who profited. I am pleased that, in yesterday's report, we were able to predict that movement with relative ease. I hope you all heard my warning yesterday and are prepared for today.
S&P 500 Heat Map - 06/04/2025
Thoughts & Comments for Today - 06/05/2025
Today is setting up to be a stronger day for the overall markets. But just because we are seeing short term strength and confidence, does not mean that there is what it takes to be able to get to that next level. If I am being completely honest, I believe that we are going to continue to slowly inch above $600 until there is a solid catalyst that assists us in blowing past this entire movement, but then at the same time, with the confusion in the markets, it would not surprise me in the case that conditions made it difficult to realize gains with confidence. So, we see where the markets take us from here, realize some gains, and make the most out of it.
But, what I will say again, and have said before, I would be extremely careful and cautious if I was going to attempt to trade and allocate here. Despite all of the potential and optimism in the markets right now, I do believe that proportionally, it is going to be significantly easier to capitalize on a bearish allocation in the markets from this point, in comparison to the bull side. The two levels I am looking at right now are $SPY $600 and $SPY $580. We are roughly $3 away from $SPY hitting a major resistance point. I am not saying that $SPY will reject and never reach $600 again, but it will be relatively more difficult to capitalize on the upside when the resistance is less than 0.5% away from the current price. Again, this is not a signal to sell or be bearish, but is just a reminder to consider the opportunities and position we are in, mostly with safety in mind.
Traders today will have a relatively more difficult time assuming that we are going to see a continuation of a momentum based move. Please, go into today expecting chop, but hoping to see a beautiful breakout. Obviously, I am going to be as bias as possible when I write these reports, but again, with the strength in these market conditions, as bad as it sounds, buying and holding strong equities from the bottom will only continue to print on your behalf.
Again, I am not trying to get anyone to overreact or do anything that may cause them to blow up their accounts, but there is no reason why traders should not take advantage of these conditions, especially with all the opportunities being produced for us.
Just please, be smart, be safe, and practice safe risk management.
I am personally entering today with the idea that market conditions will be less than ideal and more difficult to navigate. Again, this is not an attack on anyone ability to navigate these market conditions, but I am just telling you right now, that we have seen weakness for multiple weeks in the markets, and are starting to see the first glimpse of hope towards the end of the tunnel, so continue to move forward, do what you can to make as much money as possible and enjoy being a skittish bull.
But hey, regardless of anything, just continue to make the most out of these conditions. Traders are still passive and sitting on the sidelines for generalized safety. While that is completely understood, it’s always a lot more fun in the mosh pit, than it is sitting alone at home watching a video of the mosh pit on Instagram. So, just consider these opportunities, have some fun, and realize some gains today!
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 06/05/2025 (ET):
Initial Jobless Claims - 8:30 AM
Trade Deficit - 8:30 AM
U.S. Productivity - 8:30 AM
Notable Earnings for 06/05/2025:
Pre-Market Earnings:
Ciena Corporation (CIEN)
Cracker Barrel Old Country (CBRL)
Lands' End (LE)
Duluth Holdings (DLTH)
Hello Group (MOMO)
Toro Company (TTC)
Victoria's Secret & Co (VSCO)
After-Market Earnings:
Broadcom (AVGO)
DocuSign (DOCU)
Rubrik (RBRK)
lululemon athletica (LULU)
ServiceTitan (TTAN)
Torrid Holdings (CURV)
Samsara (IOT)
Braze (BRZE)
Petco Health and Wellness (WOOF)
Vail Resorts (MTN)
Wrap up
Hopefully, market conditions are only optimal today as $SPY gets closer and closer to $600. It would be beautiful if the markets were strong enough for us to be able to break through with confidence, but at the same time, traders should all tread lightly, practice safe risk management, and do what they can to maximize their profit potential. If we get another momentum-based move today, just remember to NOT FIGHT THE MOMENTUM!
Good luck trading, and let’s see $SPY $600 today!!!