HaiKhuu Daily Report - 07/02/2025
Good morning, and happy Wednesday! Welcome to the final full trading day of this week, and I hope you are ready for a fun time! With the way the markets are trending, markets are displaying some generalized strength at the moment, with $SPY trending up during the pre-market session, edging closer and closer to making a NEW all-time high.
If you are looking to trade today, look to have some fun, because man oh man, these market conditions are absolutely INSANE. $SPY is looking strong, $TSLA is slightly recovering, and traders are optimistic leading into today.
I will warn you all though, with the confusion and volatility in the current markets, conditions will be irrational and difficult to navigate, so despite conditions being strong, it doesn’t mean we will consistently move up. Tread lightly, be careful about chop, and realize some gains!
Good luck trading today, and let’s absolutely KILL IT!
The updated $SPY daily levels are as follows:
Conversion Line Support: $605.56
Baseline Support: $597.41
Psychological Support: $610
Daily Cloud Support: $585.44
Thoughts & Comments from Yesterday - 07/01/2025
Yesterday was a gross day for the markets. Many traders were unsettled as a result of the Elon Musk and DJT… discussion that occurred on social media, conditions were confusing, and many traders did not know how to allocate as a result. Many traders did generate losses attempting to trade yesterday, but that is fun of these market conditions. Hopefully you all were able to realize a significant amount of gains yesterday, but I know that in reality, this is just one of those other gross and slow general days for the markets.
So, we started the day with $SPY opening slightly down, trading at $616.33, and after open, quickly rallied to test the previous close price within the first hour, before quickly selling back off leading into lunch, where we watched as $SPY made the official low of the day trading at $615.52 leading into the lull. Conditions at the bottom were relatively tough for scalpers and day traders, but in reality, $SPY was down $0.80 from open, so anyone who simply had a position that has a timeframe of more than like, 3.7 seconds should have been fine at the bottom.
Markets did pick up slightly from that point, eventually going green early in the afternoon, and chopped around throughout the afternoon, being ever so slightly green in the process.
We did see a slight bullish movement towards the back half of the day where $SPY went on to make the official high of the day at $618.83, but watched as we came down ever so slightly into close, officially ending the day trading at $617.65, down $0.20 for the day, or down 0.032%.
Hopefully, none of you had too difficult of a time actively trading or realized a significant loss yesterday, but these conditions are just a lot of fun and provide us with some insane opportunities to trade. Yesterday just wasn’t one of those days. But hey, that is why I consistently warn about trading momentum and price action, versus sitting there trying to scalp 0-dte bs’ers. So, let’s se what the markets have in store for us today, and have an amazing time!!!
S&P 500 Heat Map - 07/01/2025
Thoughts & Comments for Today - 07/02/2025
Today is going to be another confusing day for the markets. I cannot tell if this is going to be one of those days where the markets break out beautifully and show us consistent new all-time highs, or we see a continuation of this choppy neutrality that we saw yesterday.
So, I mean there are going to be many thoughts that go into today, and how people allocate, but that is simply just the fun of the generalized markets. Please be careful knowing that there is going to be a significant amount of upside resistance in these conditions, mostly with $SPY being about $1 away from all-time highs.
What I will say though, is these market conditions are strong and traders are optimistic today. As much as I personally do not want to take on a significant amount of risk attempting to trade today, this is one of those days where opportunities will consistently present themselves to us, and hopefully, we all are able to realize a significant amount of gains in an extremely short period of time as a result of this.
If the markets have momentum and strength today, DO NOT BE PASSIVE. Allocate accordingly, make some smart positions, and do what you can to maximize your profits while minimizing risk. This is obviously easier said than done, but at the same time, with the generalized strength in the markets, it will be easy to spot breakouts in any direction, and will provide us with some amazing opportunities to trade.
Just make sure not to fight the momentum. If conditions are strong and breaking out, do not attempt to short, because before you know it, we will continue to make new all-time highs as your portfolio gets steamrolled, while if you are attempting to catch a falling knife, you may ultimately end up getting cut.
If you are attempting to fight any trends, just at least wait for an opportunity to see a reversal. Buying a dip too soon, or shorting a rip is never a good feeling, so if you simply just make good decisions, you should have zero problems navigating today!
I will say that the organization I will be really watching today is $TSLA. With the result of all the political BS recently, this organization is going to be experiencing elevated volatility. If $TSLA pumps, expect everyone to be surprised as it rips 3-5%, or, if the playground argument continues, then you can expect significant difficulty today.
On a personal note; I will not be here towards the back half of the afternoon. I believe my flight back to Chicago is taking off half way through power hour, so I will do the best I can about being on, while packing to head back to Chicago!
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, $TSLA, $INTC, $DNUT, $HBNB, $RIVN, $FWONK
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 07/02/2025 (ET):
ADP Employment - 8:15 AM
Notable Earnings for 07/02/2025:
Pre-Market Earnings:
UniFirst Corporation (UNF)
After Market Earnings:
Franklin Covey (FC)
Wrap up
Hopefully markets are favorable for us and provide us with a significant amount of bullish momentum and potential, but conditions are going to be tough to navigate today so please be careful. This is your warning to not fight any trends and to make sure that you are practicing safe risk management! So please, be smart and safe while attempting to trade today, and let’s have a great time!
Good luck trading, and let’s see NEW all-time highs!!!