HaiKhuu Daily Report - 06/17/2025
Good morning, and happy Tuesday! Man, these market conditions are hectic. $SPY continues to bounce up and down like no tomorrow. We have raised concerns as a result of the ongoing Iran-Israel conflict, which has caused the markets to drop and become slightly bearish. These market conditions will be challenging to navigate, but I want to assure you that there will be great opportunities to scalp today on an intraday basis. Just please be extremely careful during this time, though, as market conditions are less than ideal while we are chopping at this $600 range.
Many traders will have great opportunities to trade and realize gains today. The question is, are you going to be able to enter with both comfort and confidence? Many traders may not be confident in their ability to allocate, so if this is you, my suggestion remains the same: continue to consistently watch the markets, but refrain from allocating to gain exposure and experience navigating market conditions like these.
So, good luck trading today, and let’s see where $SPY takes us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $598.05
Baseline Support: $583.91
Psychological Support: $600
Daily Cloud Support: $540.98
Thoughts & Comments from Yesterday - 06/16/2025
Yesterday was an absolutely disgusting yet beautiful day for the overall markets. $SPY was slightly green, traders were slightly profitable, and there was no great opportunity to trade and generate a significant amount of gains. I feel that the vast majority of traders essentially just aged yesterday, as nothing of any major significance happened on an intraday basis.
So, we started the day with $SPY opening at $600.34. Conditions were great as $SPY opened above $600 with some false hope going into the week, and continued to move up from the get-go, going on to make the official high of the day, trading at $604.45 within the first hour of the day. Conditions at the time were absolutely phenomenal and provided us with some great momentum to capitalize on early in the morning.
Everything was fantastic until it wasn’t. Conditions went from strong early in the morning to selling off slowly over the course of six hours. $SPY went from that $604 level and trickled traders out of cents for hours to drop down to $602. Conditions after that first pump were absolutely disgusting, uneventful, and provided us with absolutely zero opportunities to trade with any sort of confidence. We ultimately ended the day with $SPY trading at $602.68, up $5.68 for the day, or up just shy of 1%.
I am not saying that yesterday was a bad day for the overall markets, as conditions were extremely strong and provided us with great opportunities to generate realized and unrealized gains, but at the same time, many traders did unfortunately get burnt as trading conditions were less than ideal with continued slow bearish momentum after the initial large movement we saw in the morning. But hey, as I warned, many 0-DTE option traders were ultimately going to get shot while attempting to trade yesterday, and guess that prediction came true again! So, let’s see what these market conditions have in store for us, and enjoy the process!!!
S&P 500 Heat Map - 06/16/2025
Thoughts & Comments for Today - 06/17/2025
Today should be another interesting time for the markets. I will start this by warning everyone that I do believe that there is an extremely high likelihood of continued neutrality after a larger movement, essentially repeating the movement of yesterday. Obviously, if that happens or not is going to be the question, but I will bring up that again, I am genuinely not comfortable with these conditions, mostly as $SPY is testing this $600 support range, and that this week is botched with FOMC tomorrow, markets closed on Thursday, and markets confused and asleep on Friday. So, this is the final “normal” trading day for the rest of the week as conditions are only going to continue to become more volatile, confusing and irrational.
Traders are going to be so conflicted on how they want to allocate in these conditions it is almost kind of funny how much confusion is occurring at this moment. I am sure that you are not overly excited that I am not actively scalping and trading like a madman at the moment, but this has been explained multiple times previously. What is better? Making 100 trades to make $100 total? Or making 0 trades to make $0? Obviously, making $100 is better than making $0, but at the same time, making 100 trades is significantly harder and takes on significantly more risk than simply not allocating.
So, as bad as this sounds, if you are actively trading and are not comfortable or confident in your ability to trade, simply watch these conditions, and learn from the mistakes that others make, as bad as it sounds, but learn from their mistakes. Everyone has gone through the experience of attempting to trade neutrality before within their trading career, and anyone who says that they have never experienced this has simply not had enough market exposure yet to know how to navigate. But again, that comes up to my previous point of confidence in the market conditions, and watching to gain experience, you may not have traded a day like today, perhaps, but every day you’ve traded prior assists you in doing what you can to navigate and manage your positions today.
Just again, please be extremely careful while attempting to trade today, with global war news going on, FOMC tomorrow, and the short & confused trading week, many traders are going to have extreme difficulties and as a result realize a significant amount of losses overtrading, making bad allocations or taking on too much risk leading into the back half of the week. Please understand that volatility and irrationality are inherent in the markets, which can make trading extremely inconsistent and result in losses for the majority of traders.
In these conditions, I would advise you against attempting to trade 0-DTE option contracts, but I will say that if there is any day that would cause the markets to move heavily, today would be that day, as it is the final day of calm before the storm. So, even though I consistently warn against 0-DTE contracts, look for opportunities to catch the momentum on an intraday basis as you should be able to break out with relative ease, the only issue again comes down to the fac that market conditions are less than ideal, and as a result of that traders are getting burnt left and right. So if we are experiencing momentum, have fun with your 0’s, but if momentum is slow and neutral, stay away, and find other opportunities elsewhere in the markets!
If I see any opportunitie, 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, $RGC, $LTH, $BRK/B
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 06/17/2025 (ET):
Retail Sales - 8:30 AM
Import Price Index - 8:30 AM
Industrial Production - 9:15 AM
Capacity Utilization - 9:15 AM
Business Inventories - 10:00 AM
Home Builder Confidence Index - 10:00 AM
Notable Earnings for 06/17/2025:
Pre-Market Earnings:
Jabil (JBL)
Vince Holding (VNCE)
After Market Earnings:
Beyond Air (XAIR)
La-Z-Boy (LZB)
Wrap up
Watch out for the general market confusion today as many traders are going to be conflicted on how they want to get short term exposure not only today, but to prepare accordingly throughout the rest of the week, resulting in market conditions being irrational and difficult to navigate with confidence. Please make sure to make the most of these conditions, but practice safe risk management to minimize any losses. Tread lightly on 0-DTE’s unless you believe we are about to see some great momentum in the markets.
Good luck trading, and let’s see where the markets take us today!