HaiKhuu Daily Report - 06/12/2025
Good morning, and happy Thursday! Wow, these market conditions are wild, and I hope you've enjoyed this increased volatility as we exit this consolidation phase. $SPY has unfortunately broken back below the $600 support level, but I feel that's half the fun of these market conditions. With $SPY continually chopping around the $600 resistance level, we have not moved enough to justify fear yet because we have not officially cleared and broken below and away from $600.
If you are attempting to trade or allocate in the markets today, please tread lightly. The same points I made yesterday about the $600 level remain true, and now that we’ve broken below that level again, we are slightly bearish, which makes trading a bit more difficult and inconsistent. Tread lightly as the markets are now slightly bearish as a result of this, but such is life.
Anything can happen, so buckle in because this is going to be a fun time regardless.
So, good luck trading today, and let’s realize a significant amount of gains!!!
The updated $SPY daily levels are as follows:
Conversion Line Support: $594.14
Baseline Support: $580.54
Psychological Support: $600
Daily Cloud Support: $546.74
Thoughts & Comments from Yesterday - 06/11/2025
Yesterday, was an absolutely disgusting day for the markets. Market conditions were slow, choppy, and we watched as many traders unfortunately got burnt. Conditions were not realistically bad at all, but such is life in these market conditions. Anyone trading 0’s had a tough time, but again, life was warned, and we got to enjoy the fun of it!
So, we started the day with $SPY opening at $604.14. Market conditions were rough at open as we did have a quick drop to $603, but in reality, the drop was nothing of any major significance. We watched as markets kinda chopped around before moving on to push after the first half hour of the day, going on to make the official high of the day trading at $605.06. Market conditions at the top were slow and uneventful, and was quickly met with some bearish momentum. We sold off from the top to make a relative high around $602, before falling back up in the afternoon, only to quickly sell off again within the final two hours of the trading day.
$SPY went from $604, and sold off quickly testing $600, and making the official low of the day at $599.28. Going 2/2, we alerted an entry on $SPY 0-DTE $600 calls that worked out perfectly as $SPY recovered and chopped around leading into close where we officially ended the day with $SPY trading at $601.36, down $1.72 for the day, or down roughly 0.3%.
It was honestly a great day for the markets in the grand scheme of things as $SPY has continued to retain it’s placement above the $600 resistance point, and as a result of that, has generated more comfort and confidence at this level. Yes, the movement on an intraday basis was not ideal, mostly for those who were attempting to scalp, but at the same time, conditions really were not that bad, $SPY was down -0.3%, there is nothing to complain about unless you got railed by theta on your 0-DTE contract that barely moved because $SPY was cooked. But hey, regardless, such is life. We see what the markets have in store for us today, and make the most out of these conditions!
S&P 500 Heat Map - 06/11/2025
Thoughts & Comments for Today - 06/12/2025
Today is going to be a relatively tougher day for the markets. Going into today, we are still within the range where $600 is within the realm of possibility, but the $600 point has gone from support back to resistance. It should be relatively easier to break back above that level now because we’ve already done it before, but at the same time, this general weakness does make trading a little bit more inconsistent as well as makes allocating in the markets. I am telling you now, that it is going to be significantly easier to lose money in the markets today. People are still optimistic, but will go into today slightly confused, and slightly scared that $SPY is back below $600. So, whatever you ultimately end up doing, whichever allocation direction you decide on going, just make sure that you have confidence in your allocation, and make sure that you are practicing safe risk management.
Many traders today will have a tough time. This is not me attempting to attack anyone when I say this, but I do believe with certain confidence that the average trader will realize losses today as a result of the ongoing market conditions. Obviously, these conditions could be significantly better and provide us with more opportunities to trade, but at the same time, with the general confusion in the markets, opportunities will consistently present themselves. But the the real question comes up of how do you maximize your profit potential without taking on a significant amount of risk in the process. And the answer to that? Well, it depends on each individual as everyone’s trading styles are different, but for me, I personally am looking to capitalize on the markets in multiple fold.
Short term: I am looking for scalp, day trading opportunities to allocate in the markets - I will either scalp $SPY shares or $SPY 0-DTE contracts this way
Mid term: I am holding strong organizations that were heavily discounted a couple of weeks ago, and anticipate continually holding those - These are mostly in single-name stocks
Investments: I am holding different long-term funds that I have no intention of selling. This is a capital placement tool for me to essentially perpetuate wealth, and will not be touched for however long. These are LEAPS, funds, ETFs, and Dividend Plays.
So, with all of that said, those are the three strategies and timeframes that I am mostly looking at. Market conditions are obviously going to be difficult to navigate in the short term, but as long as you adjust your risks and positions accordingly, I do not see any problems with traders capitalizing on these conditions. Like I said before, unless there is a major shift in the market sentiment, then we get to enjoy and have a phenomenal time.
Just please, continue to practice safe risk management and limit your risk. Traders can easily realize some gains if they are consciously attempting to make strong positions that are favorable, but the issue is that many traders, unfortunately, will generate losses and move on with their lives rather than attempt to become better stock traders. But again, it is simply just life. Different individuals react differently to different situations. So, who cares what the guy next to you is doing. Just make some smart plays, have some fun, and do what you can to maximize your profit potential at this 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, $INTC, $JEPI, $TSLA, $NVDA, $BYND, $LTH, $BRK/B
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 06/12/2025 (ET):
Initial Jobless Claims - 8:30 AM
Producer Price Index - 8:30 AM
Core PPI - 8:30 AM
Notable Earnings for 06/12/2025:
Pre-Market Earnings:
Lovesac Company (LOVE)
Establishment Labs (ESTA)
Hooker Furniture (HOFT)
After-Market Earnings:
Adobe (ADBE)
Wrap up
Hopefully, market conditions remain strong as confidence continues to pick up in the markets. As always, please make sure to practice safe risk management and tread lightly on these conditions as many traders will unfortunately get sliced over the next couple of days. Watch out for this $SPY $600 point as many traders are going to unfortunately get burnt in the process.
Take advantage of the strength and optimism in the markets, and let’s realize a significant amount of gains.
Good luck trading, and let’s see $SPY get back above $600!!!