HaiKhuu Daily Report - 06/10/2025
Good morning, and happy Tuesday! I hope you all are ready for another wonderful and confusing day for the overall markets! $SPY is looking strong, retaining its level around $600, but we have not seen any definitive movement that we can capitalize on with certain confidence, so I am sure many traders are conflicted as there is no direct motion or narrative for where the markets want to go. We are currently stuck at this major resistance point and will remain so until we have a definitive direction to capitalize on with certainty and confidence.
Again, it would not surprise me if markets remained relatively neutral and confusing, with us fluctuating around the $600 range. Still, please note that I expect to see a larger directional move in the markets once we inevitably break out as a result. So, it would be fun and engaging to see where the markets go from here, but regardless, life and the markets are doing phenomenally. Regardless of what happens today and tomorrow, life is still amazing, and we are all still up extremely well from the bottom.
So, let’s make the most out of today, and tread lightly on this $SPY $600 range!
Good luck trading today, and let’s realize a significant amount of gains!!!
The updated $SPY daily levels are as follows:
Conversion Line Support: $592.24
Baseline Support: $578.64
Psychological Resistance: $600
Daily Cloud Support: $547.51
Thoughts & Comments from Yesterday - 06/09/2025
Yesterday was an absolutely disgusting day for the markets. As warned, we experienced a significant amount of neutrality and resistance around $SPY $600, which as unfortunate as it sounds, made the markets relatively uneventful, and made it extremely easy to realize any sort of losses, as anyone who was overtrading or attempting to allocate into any 0-DTE contracts ultimately got burnt. Regardless, opportunities were amongst us, and traders could have generated some gains yesterday!
So, we started the day with $SPY opening at $599.71. Market conditions were strong as $SPY was hovering in the $600 range, and we watched as it chopped around, dropping to make the official low of the day at $598.50, and watched as $SPY continually chopped around $600 until the lunchtime session. Market conditions throughout the entire morning were relatively uneventful, but towards the back half of lunch, market conditions started to pick up.
$SPY quickly broke out, breaking above the $600 resistance level, and went on to make the official high of the day, trading at $601.24, chopping at $601, before slowly coming down into close.
During power hour, market conditions were slightly bearish, and the thing that was interesting was that within the final ten minutes of the day, we watched as $SPY went from trading just above $600 to dropping to end the day just under $600. We officially ended the day with $SPY trading at $599.68, up $0.54 for the day or 0.09%, but the truly interesting fact is that $SPY moved $0.03 from open.
Yes, there were opportunities to trade and realize some gains, but I can tell you that yesterday was a rather tough time for some, but I cannot say that I did not attempt to warn you all. But hey, it was a tight day with a $3 range and market, and $SPY moved $0.03 overall. Most 0-DTE traders got burned yesterday, but again, we tried to warn you all. So, we will see what happens today!
S&P 500 Heat Map - 06/09/2025
Thoughts & Comments for Today - 06/10/2025
I would like to start by saying that we should all approach today with an optimistic attitude about these market conditions. $SPY is back above $600 at the time of writing this report. Conditions are looking mildly bullish, and I believe that many traders will be watching for a large bullish directional move in $SPY. In the case this happens, enjoy the ride, do NOT fight the momentum, and look to capitalize on these beautiful market conditions.
But, with that said, I will warn you that $SPY is still trading at this $600 level. The coast is not clear yet, and we are just hoping for the light at the end of the tunnel. Conditions can change here over the next couple of days, and that is the beauty of life: we get to navigate that uncertainty in the short term. With $SPY hovering at $600, it would not surprise me if we see a continuation of chop and confusion while there is a war between the bulls and the bears, but the only thing that realistically matters is where the markets go from here.
Regardless of the direction we go, if you are bullish or bearish, from this point, wherever the market takes us, follow the momentum and direction. It would not surprise me if markets realistically saw a $10~ move in either direction once we break away from this $600 point, but the real question is, which direction, and is there a catalyst that can cause this?
Do not forget, there is an orange swan in the water with a loaded gun, pointed at us, and conditions can become extremely volatile quickly. There can be any type of trade talk, war talk, or geopolitical developments, and these will become a major catalyst for the markets to correct. Look at 2022 for an example with Russia / Ukraine. So, just consider the opportunities and risks that are presented in these current market conditions.
Just make sure to practice safe risk management, stay away from 0-DTE contracts until there is a definitive movement in the markets, and if you are looking to get option contracts, look for a farther expiration with a closer strike. If you are going to take on a risk, at least get the better position. This is obviously not financial advice, as this is a relatively more expensive and riskier play. However, assuming we get a day like yesterday, where you buy a 0-DTE $602 call, simply $2 OTM, and are caught holding that position, it never stood a chance looking in hindsight. So, yes, a further contract will be significantly more expensive, but you are taking on less risk and buying yourself significantly more opportunities with your capital.
Continue to make the most of these market conditions and continue to print. I know that I personally am having the time of my life in the markets right now, and I hope that you all are too!
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, $AAPL, $GME, $TSLA, $JEPI, $BYND, $INTC, $NVDA
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 06/10/2025 (ET):
NFIB Optimism Index - 6:00 AM
Notable Earnings for 06/10/2025:
Pre-Market Earnings:
Designer Brands (DBI)
Academy Sports and Outdoor (ASO)
J.M. Smucker (SJM)
Core & Main (CNM)
United Natural Foods (UNFI)
After-Market Earnings:
Gamestop (GME)
Gitlab (GTLB)
Dave & Buster's Entertainment (PLAY)
PetMed Express (PETS)
Stitch Fix (SFIX)
Wrap up
This should be another fun time for the markets. Hopefully, we watch as $SPY rallies above $600, but just again, be warned that everyone is optimistic going into today. Expect chop at $600 until we see the momentum want to take us, and simply follow that direction. Make sure to practice safe risk management, and stay away from 0-DTE’s until we find larger and more volatile days in the market.
Good luck trading, and see some strength above $600!!!!