HaiKhuu Daily Report - 02/05/2026
Good morning and happy Thursday! Wow, the market's irrationality has been tense, and traders are only continuing to watch as this confusion and weakness persist. I hope you all are ready for another volatile time for the markets.
Crypto has continued to drop overnight showing that there is overall weakness in the system as traders are lacking the confidence necessary to allocate at these highs, and the fears that I am seeing across the board is consistent.
Please tread lightly on these market conditions as this volatility is going to be difficult to navigate, inconsistent, irrational, and will genuinely create significant losses for some individuals, while providing some beautiful opportunities for others. So make the most out of today and the opportunities that are presented to us, and let’s have an amazing time.
These will be some fun market conditions, and I’ll talk about my game plan later in the full report!
The updated $SPY daily levels are as follows:
(Daily Supports are still impacted)
Conversion Line Support: $383.42
Baseline Support: $383.42
Psychological Support: $680
Daily Cloud Support: $675.93
Thoughts & Comments from Yesterday - 02/04/2026
Yesterday was a gross time for the markets with slow momentum, choppy action, and inconsistent pricing. The markets were volatile, and it was almost a perfect repeat of Tuesday’s market conditions. Many traders had overall difficulties due to the markets, but opportunities were at least consistently presented to us across the board. Some organizations sold off harder than others, and some traders realized significantly more gains than others. All that matters is you were able to make the most out of the conditions presented to you and had an amazing time!
We started the day with $SPY looking alright, opening the day at $690.35, slightly green for the morning, and watched as we popped up to make the official high of the day right after open trading at $691.45. Conditions at the top were weak and short-lived as the markets quickly came back down right afterward, and watched as there was a continued bearish trend throughout the rest of the morning. $SPY sold off from the top, officially went red for the day around 10 AM EST, and continued to drop.
$SPY sold off through the lunchtime lull and went on to make the official low of the day, trading at $681.75, being down approximately $10 from the top, before starting to move back up in the afternoon. We watched as $SPY continued to rally in the early afternoon, going on to make a relative high around $688 during power hour before selling off again slightly leading into close, where we officially ended the day with $SPY trading at $686.19, down $3.30 for the day, or down roughly 0.5%.
I will say again that the matrix is broken and the script has been leaked, because man… that was almost a perfect repeat of the price action on Tuesday, where $SPY went on and made almost the perfect pattern of opening slightly green, making a quick high, before falling and selling off into lunch, only to rebound quickly. It is just interesting to note that, and it will be interesting to see the possibilities of a hat trick happening in the markets today! Just tread lightly and practice safe risk management.
S&P 500 Heat Map - 02/04/2026
Thoughts & Comments for Today - 02/05/2026
Today is going to be another volatile and irrational time for the overall markets. I want to voice right away that the level I am mostly concerned about today is the $680 magnet zone on $SPY. I am not saying that we are going to sell off and play at that magnet zone, nor am I saying that the markets are necessarily bearish, but there is a very real possibility that, on some selling or bearish sentiment, we can easily watch as the markets break down, and watch as traders have a difficult time trading neutrality and chop.
Be on the lookout and know that if $SPY remains in an extremely tight consolidation, many traders are going to have a significant amount of difficulty being able to scalp, trade, or allocate at that time. Just make sure you remain solvent and protect your bottom line.
One thing I hope to see is rationality returning to the markets. We are seeing significant weakness across the highest-beta tech names at the moment, as well as general selling in the crypto space. Obviously, these market conditions are less than ideal at the moment as traders are fearful, but given the perfect momentum and correct opportunities, I do genuinely believe that this can be a great opportunity to attempt to buy the dip.
I am not saying that you should attempt to purchase anything right now, nor am I attempting to promise you that everything will move up, but I will say, as a result of the fear that traders are feeling at the moment, it would be surprising to me to see a continuation of general weakness in the markets.
Obviously, I only want the markets to move up from here, but the reality of these conditions is extremely irrational and inconsistent. One day an organization might be up 10%, the next day it might be down 12% (Cough cough, $PLTR). So, just understand that the irrationality in these market conditions is ultimately what will kill many traders.
Find organizations that you are confident in, that are providing you with an opportunity to purchase value where you are comfortable, and just continue to hold those plays. Assuming more confidence returns to the markets in a short period of time, I would expect these fundamentally solid, profitable companies to continue to do well. The concern is what happens when everything hits the fan, what happens when you are overallocated and better opportunities are presented, or in the case that you are caught in a position you don’t like.
Those are the worries that you should have in these market conditions, and it is something that you should consider while attempting to trade and allocate into the markets today.
Tread lightly, practice safe risk management, and do everything in your power to make the most out of these market conditions. I am excited to see where $SPY takes us, but at the same time, I am concerned about the possibilities of a sell-off. Just tread lightly, take advantage of the weakness and confusion, and follow the market momentum. Every trader will have opportunities to realize some gains today, now the real question is…. will you?
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, $RIVN , $ORCL, $NVDA, $TSLA, $AMD, $PLTR
Speculative: $PTLO, $RIVN, $CVX, $UNH, $SLV
Long Dividend: $JEPI
Long Investment: $PTLO
Short: $BRK/B
Crypto: $MSTR, SOL, BTC
Economic News for 02/05/2026 (ET):
Initial Jobless Claims - 8:30 AM
Atlanta Fed President Raphael Bostic speaks - 10:50 AM
Notable Earnings for 02/05/2026:
Pre-Market Earnings:
ConocoPhillips (COP)
Bristol Myers Squibb (BMY)
Energizer Holdings (ENR)
Cummins (CMI)
Estee Lauder Companies (EL)
Shell plc (SHEL)
Barrick Mining (B)
Cigna (CI)
After Market Earnings:
Amazon (AMZN)
Roblox Corporation (RBLX)
Reddit (RDDT)
Affirm Holdings (AFRM)
Atlassian (TEAM)
Microchip Technology (MCHP)
Arrow Electronics (ARW)
Wrap up
This is going to be a volatile and inconsistent day for the markets that provide us with some insane opportunities to both realize some gains, as well as take advantage of the current market momentum. Just make sure that you are following the trend and remaining careful and cautious while attempting to trade and realize some gains. I am very excited to see where the markets take us today, so just tread lightly and practice safe risk management
Good luck trading, and let’s see if $SPY breaks out!!