HaiKhuu Daily Report - 09/02/2025
Good morning, and happy Monday!!! I hope you all have had a great long weekend and are refreshed and ready for the new week!
Markets are looking absolutely disgusting at the moment, only continually dropping throughout the pre-market session and displaying weakness.
Continue to tread lightly during this consolidation. I’ve warned you all about these conditions before, and I will remind you all about them again.
Just continue to tread lightly and be careful. We will remain in a tight and choppy consolidation range where market makers will attempt to slaughter portfolios in the process. Practice safe risk management and protect your bottom line, as many traders will get burned during this confusion.
Most of us will be down at open, which is unfortunate. However, we will continue to remain optimistic and excited about the future market conditions, despite their current state. Look for opportunities to buy the dip, wait until there is any confirmation of confidence, and capitalize on any opportunity.
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: $641.22
Baseline Support: $634.38
Psychological Support: $640
Psychological Resistance: $650
Daily Cloud Support: $620.56
Thoughts & Comments from Last Week
Man, last week was a tough week for the overall markets. Conditions were excellent as $SPY made new all-time highs, and were disgusting as momentum quickly sold off and watched as traders had an absolutely terrible time. There was money to be made left and right, but it was just a matter of whether you were able to capitalize on the confusing market conditions. Many traders were able to realize significant gains with ease, but many lost those gains even quicker.
So, we started the week with $SPY opening at $643.98. Conditions were favorable, with $SPY trending towards its previous all-time high. However, we observed that conditions remained extremely neutral and slow, selling off throughout Monday and leading into Tuesday's grossness. We started Tuesday gross, remaining at the lows of Monday. Still, as expected, we were expecting lower volume with $NVDA earnings and major economic news throughout the rest of the week, but towards the end of the trading day, we watched as $SPY moved back up, setting up the bullish trend for the next couple of days.
On Wednesday, we watched as $SPY broke out and went on to make the first of many all-time highs, and we continued to watch that trend into close on Thursday!
$SPY, on Thursday, went on to make the all-time high, rejecting $650, coming in at $649.62, before coming back down on Friday for some weak bearish neutrality.
On Friday, conditions were disgusting as we opened the day dropping from the highs on Thursday, which is followed by a weak neutral trend. $SPY closed on Thursday at $649, opened on Friday at $648, and trended around $643 throughout the entire day before we officially ended the week trading at $645.05, up $1.07 for the entire week, or up roughly 0.17%
I hope you all listened to the warnings and were able to capitalize on the market conditions of last week. Opportunities were presented to us left and right, and we genuinely had a lot of fun in the process. I hope that you all were able to realize a significant amount of gains during that time, and are ready for some confusion and volatility this week!
S&P 500 Heat Map - Last Week
Thoughts & Comments for Today - 09/02/2025
So, let’s talk about today and these market conditions.
As the week begins, these conditions are looking less than ideal. Markets are dropping heavily during the pre-market session, and many traders are starting to become fearful of the current conditions. I do not believe that it is necessarily “wrong” to be scared, but I do believe that fear allows us to trade and realize some gains with both comfort and relative confidence. Be smart and safe in these conditions, but we also get to have an amazing time in the process of everything.
What I will say is that historically, on shorter weeks, the markets are typically bullish. If that remains true or not, we do not know, but just know that again HISTORICALLY, shorter weeks are bullish.
But, again, we have earnings and lots of economic news that will be coming out throughout the rest of the week that will bring a significant amount of volatility to the system that many traders simply do not know how to handle.
Given the current market weakness, I recommend being extremely cautious. I expect many traders to overtrade and incur losses in the chop. With $SPY at $640, I hope this to be a consolidation point where we'll chop around until we start to see a larger directional movement.
There is resistance to the upside that the markets need to break through, which I want to warn you: I'm not sure if it is likely to happen today. But look out for $SPY $640 and $SPY $641.22, that is major psychological support/resistance, as well as the daily conversion line resistance. As bullish and optimistic as I am, market conditions are only continuing to display short-term weakness, where again, everyone should tread extremely lightly.
In the case that the markets do continue to sell off, the next major support levels are as follows:
$640 - Psychological Support / Resistance - Strong
$635 - Psychological support - Weak
$634.38 - Baseline Technical Support - Strong
$630 - Psychological support - Weak
$620.56 - Daily Cloud Support - Strong
$620 - Psychological support - Strong
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So, we do have levels to look out for in both directions, but with the short-term weakness and confusion, please tread extremely lightly, as many traders are going to get burnt.
Do not overtrade, do not be emotional, and do not be dumb.
Either follow the momentum and direction of the markets, or simply wait until there is a confirmation of any form of confidence, and go from there. Just protect your bottom line today, because seriously, I genuinely do believe many traders are going to have a tough time, while others are able to time out the bottom perfectly and realize a significant amount of gains!
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:
Tech: $INTC, $TSLA, $NVDA
Speculative: $RIVN, $PTLO, $ARTL, $AIFF
Long Dividend: $JEPI
Long Investment: $INTC
Short: $BRK/B
Crypto: Sol
Economic News for 09/02/2025 (ET):
Manufacturing PMI - 9:45 AM
ISM Manufacturing - 10:00 AM
Construction Spending - 10:00 AM
Notable Earnings for 09/02/2025:
Pre-Market Earnings:
NIO (NIO)
Academy Sports and Outdoor (ASO)
Signet Jewelers (SIG)
After Market Earnings:
Zscaler (ZS)
HealthEquity (HQY)
Wrap up
Hopefully, the bearish momentum we are seeing heading into the open will give way to significant bullish momentum that we can capitalize on for the rest of the week. I obviously don’t know what is about to happen, so please make sure to tread lightly and practice safe risk management if you are attempting to trade. Be smart, be safe, and have fun today.
Good luck trading, and let’s start this week strong!!!