HaiKhuu Daily Report - 02/23/2026
Good morning and happy Monday! I hope you all have had a wonderful weekend, are well rested, and are prepared for what the markets have in store for us today. With the way the markets are trending, it is almost hard not to be optimistic yet skeptical. We are getting war headlines, “tariff” news, and volatility left and right.
Markets were down at the futures open, but have already recovered the large majority of the losses that have been generated, so I hope you all are ready for what is going to be another large directional move, as well as volatility in the markets.
Traders, as a result of the momentum going on, are going to either realize a significant amount of gains with a little bit of luck or watch as their positions absolutely collapse under the confusion in these conditions. So please, tread lightly, practice safe risk management, and just attempt to protect your bottom line. Those who do not respect these levels or this volatility will get burned. This is not a hypothetical. This is a promise.
Protect yourself at these levels, don’t do anything irrational, and just allocate properly in these market conditions. Hyper bulls and hyper bears will have a tough time, but those actively trading will do completely fine.
I’ll talk more about my general market sentiment later on in the full report, but for now, please make sure you check out the WEEKLY PREVIEW and prepare accordingly for what is going to be a hectic week!
So let’s make the most out of this volatility, and have an absolutely amazing time!
The updated $SPY daily levels are as follows:
Conversion Line Support: $686.81
Baseline Support: $686.46
Psychological Support: $680
Daily Cloud Support: $685.80
Thoughts & Comments from Last Week
Last week was generally confusing for the markets, as it was a short week, but a short week always signals weak bullish momentum. Opportunities were consistently presented to us last week, and traders were able to realize significant gains in a very short period of time. Hopefully, you didn’t get caught in any chop in the markets, as it was a difficult time for many individuals, and you weren't caught attempting to fight any trends!
So, we started last week with markets closed on MONDAY, which meant they opened on Tuesday. $SPY sold off since the Friday close, officially opening the week trading at $676.36. Market conditions at the beginning of the week were absolutely disgusting, but they provided us with an insane opportunity to buy the dip, scalp, and realize significant gains.
We watched as $SPY rallied through Tuesday, with about a $10 intraday move from the bottom back to the top, and as the markets continued to rally throughout the rest of the week.
$SPY popped up nicely on Wednesday, breaking above the previous resistance point with ease, before rejecting that level back down, breaking back into the daily cloud, before remaining extremely neutral on Thursday, remaining within the previous resistance levels, making trading extremely tough.
Friday is where the magic was solidified over the entire week. Leading into Friday, market conditions were stronger than open, but it was not crazy. We started Friday with $SPY moving down slightly, opening the day officially at $682, and watched as we pretty much ripped and rallied the entire day. $SPY loved the momentum we went into Friday with, and we expected a directional move in the markets, but I don’t know if we expected THAT type of movement. $SPY rallied right after the open, making a relative high above $688 before coming back down and selling off leading into lunch.
That sell-off provided both bulls and bears an opportunity to scalp, but bulls definitely won that fight, as $SPY continued to recover throughout the early afternoon, and continued to rally beautifully as we made new highs of the day in the afternoon. $SPY then went on to make the official high of the day, rejecting $690, making the official high trading at $689.99.
The markets were absolutely beautiful as we ended the short week with $SPY trading at $689.43, up $13 for the entire week, or up just shy of 2%.
I am not going to say that the market conditions of last week were “perfect” as they did have general difficulties in the short term, but with the way that the markets were moving and the opportunities that were presented to us, many traders were able to realize a significant amount of gains with relatively low downside risk. Hopefully, you all were able to make the most out of last week in the markets, and all had an amazing time! Let’s see what the momentum had in store for us this week, and have some fun!
S&P 500 Heat Map - 02/20/2026
Thoughts & Comments for Today - 02/23/2026
Now it is time to talk about the confusion and irrationality of today. Before I get into anything in this report, I just have to remind everyone that none of this is financial advice, nor is it a signal to buy or sell any positions. I am not a registered financial advisor, I am not making any promises or guarantees with the movement of the markets, and especially today, I may be incorrect due to the ongoing market conditions. Please take what I believe will happen in the markets with a grain of salt, and make your own inference and decisions as a result of it.
SO, leading into today, I am expecting to see volatility, irrationality, and inconsistencies in the markets. With all of the headlines and news that have come out over the previous couple of days, it is almost hard not to expect that today, as well as the next couple of days, are going to be impacted heavily by headlines, volatility, and trader sentiment. Hopefully, traders will continue to remain extremely confident at this time and provide us with the solvency to break through, but be extremely careful and cautious, as we easily can sell off as a result of one single headline.
This is NOT the time to take on a significant amount of risk due to the inconsistencies of the markets, but as a result of those inconsistencies, we are going to see opportunities to trade and realize a significant amount of gains. Please, if you are attempting to trade in these market conditions, continue to look for opportunities to trade, but be realistic with your plans.
I do believe that quick scalps and day trades in these conditions are going to provide you with the smallest variance in the markets as a result of the volatility we are seeing. By not retaining long exposure, you do not have the general risks assosiated to attempting to allocate long at this time. You decrease your overnight risk while still being able to capitalize on the short-term volatility.
Be careful attempting to allocate long at this point. The markets have recovered nicely from the selling event that happened during the weekend, but that is just general market sentiment at this time. The weakness results in traders becoming less confident, and the lack of confidence leads to selling events.
So just remember, as nice bullish movements in the general markets are, we at the same time are going to continue to experience weakness that ultimately, as a result of these conditions, are going to become exponentially riskier for those who are attempting to allocate.
I do not want to scare you, but I need to say this. As much as I hate bearish traders during these bullish conditions, just remember, those traders will ultimately continue to lose until the day that they ultimately win. I am not saying that we are going to come crashing down, but with the way the markets are trending at the moment, and the way that traders are speculating in the markets, in the case that we do get a bad headline, just know that the markets can easily come down.
Just make sure to protect your bottom line and practice safe risk management at these levels, as traders are going to be taking on a significant amount of risk while attempting to trade today.
Hopefully, we get some bullish headlines that cause the markets to break out, but this is all just hopeful speculation at this point. So let’s see where the markets take us, and have an amazing time in the process!
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, $AIFF
Long Dividend: $JEPI
Long Investment: $PTLO
Short: $BRK/B
Crypto: $MSTR, SOL, BTC
Economic News for 02/23/2026 (ET):
Fed governor Christopher Waller speaks - 8:00 AM
Factory Orders - 10:00 AM
Notable Earnings for 02/23/2026:
Pre-Market Earnings:
Axsome Therapeutics (AXSM)
Dominion Energy (D)
Domino's Pizza (DPZ)
GeneDx (WGS)
Freightos (CRGO)
Freshpet (FRPT)
Stepan Company (SCL)
After Market Earnings:
Hims & Hers Health (HIMS)
BWX Technologies (BWXT)
EverQuote (EVER)
Keysight Technologies (KEYS)
Primoris Services (PRIM)
UFP Industries (UFPI)
Adeia (ADEA)
Allison Transmission (ALSN)
Wrap up
Hopefully, we do not see too much ongoing volatility that makes the markets act irrationally. Traders can easily have a difficult time attempting to trade today as we are expecting inconsistencies, so please, tread lightly, practice risk management, and understand that DJT will provide us all with a rather interesting market setup for the day. Let’s make the most out of these conditions, and have a lot of fun!
Good luck trading, and let’s see where $SPY takes us this week!