HaiKhuu Daily Report - 08/08/2025
Good morning, and happy Friday!
Wow, this week has flown by, and man, oh man, is this going to be an interesting day for the markets. Everything is up slightly during the pre-market session, and conditions are looking great. It sucks that we saw bearish momentum in the markets yesterday, but there is continued strength and opportunity that is being presented honestly everywhere at this point.
Continue to do what you can to make the most out of these market conditions and just do what you can to maximize the opportunities that are presented to you. I believe, given the weakness we saw in the markets yesterday, there is a high likelihood that the markets will bounce and correct at this level, putting us in a position to maximize our gains from this strength.
Please, as always, practice safe risk management, but do NOT let today pass you by. I genuinely believe that many traders should have no issues attempting to capitalize and realize some gains while trading today. This is going to be an extremely high-risk, high-reward time in the markets, so please just be smart and safe in these conditions, and then we will have a great time!
Good luck trading this week, and let’s continue to see NEW all-time highs!
The updated $SPY daily levels are as follows:
Conversion Line Support: $629.57
Baseline Support: $628.23
Psychological Support: $630
Daily Cloud Support: $601.48
Thoughts & Comments from Yesterday 08/08/2025
Yesterday was a genuinely disgusting day for the markets as it was a repeat of pretty much the entirety of last week. Markets gapped up and looked extremely strong after hours, remaining strong during the pre-market session. However, all that insane bullish momentum was quickly swallowed, and the market dropped on its face. Many traders started the day with a substantial amount of unrealized gains, which ended up being a relatively neutral wash by the end of the day. It was a tough day for the markets, but as I say… C’est la vie!
So, we started the day with $SPY opening at $636.22. Market conditions were honestly ideal around that time as $SPY was beautifully green, and we were roughly $3 away from an all-time high. Traders were optimistic throughout the morning, but after 10 am EST, that was essentially game over as we watched the markets sell off heavily.
At first, the selling was not wild, as we went from $636, down to $632, going black for the day, then continually dropping, going on to make the official low of the day trading at $629.13, and bouncing back up ever so slightly leading into close, but that means that despite the fact that $SPY started the day up $4 from the previous close, means that it dropped $7 from the top, selling absolutely everything off from the top, and absolutely slaughtering kids in the process.
Thankfully, the markets did move up from the bottom as $SPY bounced from the low of the day leading into close, where we officially ended the day with $SPY trading at $632.25, down $0.53 for the day, or down 0.08% overall.
When you say that $SPY was down 0.08%, it genuinely does not sound that bad and sounds like there are going to be many opportunities to trade, but man, was that such a heartwrenching day. All of the gains and optimism generated during the pre-market session were quickly lost. Hopefully you all were able to capitalize on some of the bearish momentum in the markets, and were able to have some fun during the mass confusion that everyone was facing.
Regardless of everything, though, life simply moves on, and so do the markets, so let’s continue to make the most out of these market conditions and have an amazing time! Let’s see where the markets take us from here, and absolutely kill it today!!!
S&P 500 Heat Map - 08/07/2025
Thoughts & Comments for Today - 08/08/2025
Going into today, conditions are tough and extremely confusing. I cannot tell if the markets are about to be hyper bullish or hyper bearish, but all I can tell is that the markets are preparing to have an extremely large directional move, and it is for us to hope and pray that that direction is bullish. Over the past month, the markets have been in a tight consolidation at this level, following the BS that occurred back in April. I believe a significant amount of the uncertainty in the air stems directly from the ongoing trade war talks. Assuming that these talks continue to remain beneficial for the US Economy, then we should continue to see strength and confidence in the short term.
Just continue to be smart and protect your butt. We are seeing a very quick increase in confidence across the board, despite the fact that on the fear and greed index, we are back into a state of neutrality, but I genuinely believe that sentiment is coming directly from massive institutions where they and everyone else are becoming more and more hesitant about attempting to allocate in these conditions. This breaks weakness back into the markets, as not everyone is as hyperbullish as they were a couple of weeks ago. However, it's also a reminder to stay solvent. Many people over the upcoming weeks will do amazingly well, and many will, unfortunately, face some losses. So, hopefully, you are going to be one of those individuals who are going to be able to realize a significant amount of gains with ease and have a great time with an increase in strength.
One of the best gauges, in my opinion, of the retail market sentiment, as weird as this sounds, can be easily reflected by the price action of SOL on any given day, at least in these market conditions. You will see the direction and sentiment individuals have towards assets during off-hours by simply looking at alternative assets like SOL specifically. With this continual strength that is being displayed, traders should be extremely confident leading into today!
The two levels I will be watching out for on $SPY are $650 and $620.
I believe that if $SPY breaks below $620 at the moment, regardless of the cause, fear will start to come back into the markets quickly. We will watch as massive selling occurs, and traders are forced to either watch as their portfolios disappear or realize a significant amount of losses. If $SPY breaks $620, I do genuinely expect, at least at this moment, for the markets to continue to sell off and that $620 quickly adjusts to a $600 PT on $SPY. If the markets continue to drop after $600, the next major support will be the high 5’s, so let’s just try to stay far away from that point.
However, if these trade deals remain favorable for us, traders should have no genuine issue in realizing and generating gains. My PT in the short term, assuming that trade deals go well and traders are able to remain both confident and comfortable in these conditions, is $650. I believe we will have some general upside resistance towards that level. Still, in the case we are able to break through those resistance points, $650 is the first upside PT I am looking for, then assuming markets become euphoric after, I am expecting $700, and assuming that we get to a level of irrationality, I am expecting $SPY to reach $750. I wouldn't bet on us reaching irrationality anytime soon, but if everything works out perfectly, there is almost nothing to be concerned about.
So, please just continue to tread extremely lightly on these market conditions, and let’s do what we can to maximize our profit potential.
Again, I will always advise proper risk management. I would rather have a sad day knowing I had a great trade that I didn’t scale into properly, and left money on the table, than to have that advice thrown out the window and lose my entire portfolio.
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, $INTC, SOL, $RIVN, $TSLA, $NVDA, $BRK/B
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $INTC
Economic News for 08/08/2025 (ET):
None Scheduled
Notable Earnings for 08/08/2025:
Pre-Market Earnings:
AMC Networks (AMCX)
Plains All American (PAA)
Under Armour (UAA)
Wendy's International (WEN)
Wrap up
Hopefully, markets continue to rally in our favor and we watch as a significant amount of strength is being displayed across the board. Traders will have access to incredible trading opportunities, but the key is to remain consistent in seizing both current and future opportunities. So, let’s realize some gains going into the weekend and have a fantastic time!
Good luck trading, and let’s end this week strong!!!