HaiKhuu Daily Report - 12/02/2025
Good morning, and happy Tuesday! I hope you all are well-rested and ready for another insane day in the overall markets! Currently, $SPY is up ever so slightly at the time of writing this report, yet $SPY is still within the $680 magnet zone. Today should be a fun day for everyone as we are either about to watch as the markets launch pad off of this point and watch as there is a beautiful amount of bullish momentum, or we are going to watch as there is slight bearish chop as we continue to play in this $680 magnet zone.
As I have said before, I am still a firm believer that $SPY should have no issues reaching $700 by the end of this year. So, if you are attempting to have some fun trading or allocating in the markets, make some smart decisions and make the most of this generalized market strength. With $SPY tinkering at the back end of extreme fear on the fear and greed index, I do not see any reason at all why we should not realize some gains.
So, please continue to practice safe risk management and mitigate all risks possible. Traders should have almost zero issues trading and realizing gains today, so whatever you do, wherever you allocate, make sure to practice safe risk management and have a great time. I do not see any reason why the markets cannot be overly bullish, so make the most out of these conditions, and let’s have a fantastic time!
Good luck trading today, and let’s see if we can reach that new all-time high!
The updated $SPY daily levels are as follows:
Conversion Line Support: $667.26
Baseline Support: $670.28
Psychological Support: $680
Daily Cloud Support: $663.25
Thoughts & Comments from Yesterday - 12/02/2025
Yesterday was a relatively tough day for the overall markets, despite great intraday opportunities. I would say that the large majority of individuals yesterday did incur unrealized losses, but the average trader should have generated some unrealized gains if they had attempted to follow the general market momentum. Many great day trades and scalps presented themselves to us yesterday, but it was just a matter of catching those allocations in real time. I hope you all had a lot of fun yesterday because we all had a great time!
So, we started yesterday with $SPY trading at $678.80, down about $5 from the previous close on Friday, but such is life. That bearish momentum was extremely short-lived as the markets quickly rallied to test $682 at open, then came back down to test the open price. Once $SPY broke below $680, there was a lot of quick short-term fear in the markets, but thankfully, we saw strength and confidence coming back to the markets almost perfectly on the reversal.
At that point, $SPY went on to rally from below $680, pushing to an official high of $ 682.99 in the afternoon. Market conditions at the top were excellent until late afternoon, when markets turned for the worse. $SPY quickly sold off from the top, then retraced everything gained the hours prior, dropping back to test $680 and chop around that level for the final hour of the trading day.
After that, markets continued to hover around $680, ending the day with $SPY trading at $680.27, up slightly from the open but down about $3 from the previous close on Friday, or just shy of half a percent.
I am not saying that yesterday was a great day for the markets, as it really wasn't, but it at least provided us all with some insane opportunities to realize significant intraday gains. Anyone who was on the call with us early in the morning witnessed like 5 perfect trades in a row, followed by a pause as the markets dropped, and a fantastic opportunity for re-entry. I know I personally had an enjoyable day trading yesterday, so I hope you all did too! So, let’s see where the markets take us today and have a great time!
S&P 500 Heat Map - 12/01/2025
Thoughts & Comments for Today - 12/02/2025
Today is going to be another interesting time for the market. With the way that everything is looking, I will start this report by voicing my concerns at this $SPY $680 point. I think that, as a result of this short-term magnet zone that we are in, the markets realistically are going to break out beautifully from this point, or watch as the markets sell off and experience bearish chop. Obviously, I am an optimistic guy and want the markets to go up, but I do genuinely need to warn you all about the downside risk.
There is so much uncertainty and volatility in the markets that despite the strength we are seeing in the markets at this point, know that in reality, the markets can easily come down. That would obviously not be ideal for many, but it is the reality of these conditions. We still are in extreme fear on the fear and greed index, but in my opinion, that is a severe overreaction; at the same time, it is a reality we have to consider. So, if you are attempting to trade today, just understand that there are going to be downside risks involved with trading.
But, in the case that the markets are going to rally heavily, this is the perfect storm. As I have said before, these market conditions are absolutely insane. There is so much strength and confidence being provided to traders at the moment, where realistically, I do not see a reason why anyone should be overly bearish. I get why there is fear in the markets, but look at the conditions we are in. We are in extreme fear on the fear and greed index, yet $SPY is less than 2% away from a new all-time high. Cryptos are at a relative lo,w and the general economy is not in the best spot, but I do not believe that we should be in fear.
As someone who deals directly with consumers heavily on a daily basis, I can tell you that consumer confidence has dropped over the previous couple of months, but consumer spending is still high, people are still going out, businesses are still operating, and this is one big bubble that is about to burst. But the bubble is not going to burst today. This bubble is not going to burst tomorrow.
Mark my words, here in a short period of time, when the markets are rallying again, $SPY is back at all-time highs, and is making all-time highs again, and we are back in greed on the fear and greed index, the large majority of you will forget this short term fear, and move on with your life without having an opportunity to capitalize on strong market conditions. The exact same thing happened earlier this year in April, and the same thing is going to happen today.
These market conditions are strong, the party is still going on, and there is no reason why you should want the party to end. Continue to enjoy the party; some people are leaving the party early, but just know things are not over yet. We are still in a state of euphoria in the markets, are in the process of starting the irrationality portion, and are just waiting for a shift in general retail sentiment to cause the markets to rally from this point.
Again, we can come down, but as I have said before, I would rather you all retain strong bullish exposure in fundamentally strong, undervalued organizations, rather than attempting to fight the strength in these markets and getting wiped out in the process. So, we will see where the markets take us from here and have a great time!
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: $NVDA, $TSLA, $MSTR, $TSM, $ORCL, $BABA
Speculative: $PTLO, $RIVN
Long Dividend: $JEPI
Long Investment: $PTLO
Short: $BRK/B
Crypto: SOL
Economic News for 12/02/2025 (ET):
No News Scheduled
Notable Earnings for 12/02/2025:
Pre-Market Earnings:
Bank of Nova Scotia (BNS)
Signet Jewelers Ltd (SIG)
United Natural Foods (UNFI)
After Market Earnings:
Marvell Technology Group (MRVL)
GitLab (GTLB)
American Eagle Outfitters (AEO)
Pure Storage (PSTG)
CrowdStrike (CRWD)
Box, Inc. (BOX)
Okta (OKTA)
Asana (ASAN)
Leslie's (LESL)
Wrap up
Hopefully, market conditions continue to strengthen from this level, providing us with some bullish comfort and confidence to capitalize on. Just make sure to practice safe risk management and mitigate as much short-term risk as possible. Many individuals will have a tough time trading today, but as long as you hold strong equities, I do not see a reason why you all should not be highly profitable today. So let’s watch as the markets break out and have an amazing time!
Good luck trading, and let’s see where the markets take us!