HaiKhuu Daily Report - 08/06/2025
Good morning, and happy Wednesday!
Man, as much as I love volatile market conditions, these conditions have been disgusting with confusion, uncertainty, and a significant amount of unrealized and realized losses. I hope you are all doing alright during these conditions and are prepared for another battle.
Market conditions were looking great to start the week, but that sentiment has quickly shifted back like a pendulum. We've seen all of last week's markets start strong, then become bearish, break support, bounce back up, and then come right back down.
There is so much uncertainty and confusion in the markets at the moment, so I highly recommend that traders remain cautious. Although conditions are “strong,” this should not lead you to become overly excited about allocating in these market conditions.
You all know that I enjoy being bullish and optimistic, and I want to remain bullish and optimistic; the only issue is the uncertainty here in the short term. So please, make sure to practice safe risk management to protect your downside, and do what you can to maximize your profit potential today!
Good luck trading this week, and let’s see a nice lil recovery today!
The updated $SPY daily levels are as follows:
Conversion Line Support: $629.57
Baseline Support: $627.44
Psychological Support: $620
Daily Cloud Support: $600.07
Thoughts & Comments from Yesterday 08/06/2025
Yesterday was a gross day for the markets. Conditions were not the worst, but it was generally gross with extremely weak momentum, and many opportunities to get burnt. With market conditions being less than favorable, it is unfortunate that another day was a relative wash, but life simply moves on, and so do the markets. Hopefully, nothing of any major significance was lost, and that you were able to make the most out of yesterday.
So, we started the day with market conditions looking alright, $SPY was slightly green opening the day at $631.77, but conditions remained relatively gross and neutral throughout the morning, to quickly drop on economic data at 10am EST, and then it was seriously game over. Within the hour, $SPY went on to make the official low of the day at $627.04, and bounced around that level leading into the lunchtime lull, where thankfully, leading into the afternoon, we saw bullish momentum come back into the markets.
$SPY went into the afternoon trading at $628, and quickly got some bullish momentum, heading towards $630, but ultimately rejected that level, and had weak bearish momentum leading into close. We went on to officially end the day with $SPY trading at $627.97, down $3.20 for the day, or down roughly 0.5%.
I will say that yesterday was an absolutely disgusting day to attempt to trade. There were many opportunities that traders could have capitalized on, but with the bearish momentum and confusion, many traders would have generated a significant amount of losses if they had attempted to trade yesterday. So, hopefully you all were able to come out of yesterday relatively unscathed and are ready to see where the markets are going to take us today!
S&P 500 Heat Map - 08/05/2025
Thoughts & Comments for Today - 08/06/2025
So, heading into open today, I will say that there is going to be a significant amount of confusion, or you individually are going to be up a significant amount of money. That is the beautiful part about this cookie. We get to watch our positions crumble or bake into a wonderful one; who knows what is about to happen or where we'll go?
Currently, $SPY is testing multiple major support levels, including psychological support at $630, and we are also actively testing the daily conversion line and baseline support. Conditions are less than ideal at the moment, and we genuinely are in a place where markets can very easily break down and sell off or break out and go on to make new all-time highs.
You all know me; I'm an optimist and excited about the general market conditions and opportunities that will emerge. However, with the underlying difficulties and confusion in the markets, it's challenging to remain extremely optimistic and bullish, despite the conditions being genuinely less than ideal.
We will ultimately see where the markets end up, and then we can assess how to maximize these opportunities. Meanwhile, I strive to be as realistic as possible, not only in my market expectations but also in my allocation strategy. I may joke at times, but genuinely understand that I am concerned about the current market conditions and genuinely do believe that these conditions are less than ideal.
Please continue to tread lightly and practice safe risk management. Trading is going to be less than ideal and sketchy until conditions optimize and provide us with stronger momentum and confidence we can capitalize on, until then, we will see some relatively slower confusion, chop, and a lack of momentum while under this general market uncertainty, until we get a signal on the direction.
I am not saying that these market conditions are going to be extremely difficult and unrealistic, but this again is going to be one of those days that despite market conditions remaining a little “less” than ideal, and it really all comes down to in the case that if a trader is able to remain solvent until we find a direction, and then it is on them to minimize their risk, while maximizing the opporutnity.
Again, know that I am genuinely optimistic on where I believe the markets are going to take us, but at the same time, with these difficulties, it will be hard to know when we ultimately have direction. So, do not fight any momentum or trends, and do what you can to make the most out of these confusing market conditions, practice safe risk management, and have a great time!
One play that is going to be extremely sketchy today, but will provide many traders with opportunities, will be attempting to capitalize on the $SNAP and $SMCI earnings that occurred last night. Both organizations are down heavily, and as a result, put premium at open will be extremely expensive. If you do not know what a CSP is, disregard these next comments, but if you seriously understand these conditions, as well as understand how to sell CSPs, then look to sell some close expiration contracts that you do not anticipate holding, and cut that position for 20-40-50% profit within the first hour and simply move on with your life. Hopefully, it's literally free money.
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, $AMD, $SMCI, $PTLO, $JEPI, $INTC, SOL, $RIVN, $TSLA, $NVDA, $BRK/B
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 08/06/2025 (ET):
None Scheduled
Notable Earnings for 08/06/2025:
Pre-Market Earnings:
Oscar Health (OSCR)
Uber Technologies (UBER)
Shopify (SHOP)
Walt Disney (DIS)
Six Flags Entertainment (FUN)
GEO Group (GEO)
Dave (DAVE)
McDonalds (MCD)
Rockwell Automation (ROK)
BeiGene (ONC)
After Market Earnings:
AppLovin (APP)
IonQ (IONQ)
Symbotic (SYM)
Duolingo (DUOL)
Fortinet (FTNT)
Energy Transfer (ET)
Jack in the Box (JACK)
e.l.f. Beauty (ELF)
Lyft (LYFT)
Airbnb (ABNB)
Wrap up
Hopefully, market conditions will continue to remain relatively ideal, providing us all with opportunities to trade and realize significant gains. I believe that traders should have some fun opportunities that are provided to us over the next couple of days, but in reality, in the grand scheme of things, all of this short-term FUD and difficulty will provide us with smooth sailing in the near future. So, let’s have some fun and realize some gains while trading today, and make the most out of this confusion!
Good luck trading, and let’s watch $SPY breakout today!