HaiKhuu Daily Report - 02/24/2026
Good morning and happy Tuesday!
Wow, this has already become an extremely volatile week, as traders are either having a very difficult time or having a lot of fun in the process. The markets are in an extremely confusing spot, as we have only remained within the same range we’ve been in for the previous three months. These months have been rather difficult, but, with that said, it is almost beautiful to be able to comfortably enjoy life despite market conditions.
Do not forget that even if you are down on your luck and your positions are going against you, the life you live is full of first-world problems, being able to comfortably be hurt watching as the S&P 500 drops 1% while looking at your expensive phone, sipping your $7 starbucks, and enjoying life.
These market conditions have been tough for equity traders, but just remember that conditions will strengthen once the fear recedes. So just continue to remain solvent and happy to enjoy your wonderful life. Just power through the short-term emotions and move forward! If you are a “Crypto Bro”, those guys have been having a tough time. So if that is you and you feel like your back is against a wall, know that THIS could be your savior.
Just continue to remain solvent in these market conditions, prepare accordingly for a buy-the-dip opportunity, and just continue to make the most out of this volatility!
The updated $SPY daily levels are as follows:
Conversion Line Support: $686.46
Baseline Support: $686.81
Psychological Support: $680
Daily Cloud Support: $685.80
Thoughts & Comments from Yesterday - 02/23/2026
Yesterday was an absolutely insane day for the markets with a significant amount of selling in an extremely short period of time. Traders had opportunities to trade both directions, but it was very clear that the bears won the day. Hopefully, you all were able to catch some beautiful bearish plays, as many of our traders were able to come out of yesterday unscathed, and some were beautifully profitable!
We started the day with the markets looking alright, starting the day trading at $687.78, slightly red for the day, but nothing of any major concerns. We watched as the markets popped up after open, and went on to make the official high of the day at $690.00, and then watched as that level was rejected, and then everything came tumbling down. Some traders in our community absolutely NAILED a short at the top, and watched as $SPY continued to dive, going on to make the official low of the day, trading at $680.39.
Conditions at the bottom were terrible, diving about $10 in the span of an hour or so, and watching as conditions were extremely bloody going into the lunchtime lull. Thankfully, we saw a little bit of bullish momentum during the lull, only to watch as it was sold off once again, leading into the afternoon. $SPY did thankfully recover slightly, going on to make the official high of the afternoon, rejecting $684, and watched as conditions only continued to weaken and chop around leading into close.
$SPY officially ended the day trading at $682.39, down $7 for the day, or down approximately 1% overall. The selling was tough, but hopefully, you were able to come out of yesterday relatively unscathed and use it as an opportunity to scalp and trade towards the downside. We were able to nail some great plays yesterday, so let’s just see what the markets have in store for us today, and make the most out of it!
S&P 500 Heat Map - 02/23/2026
Thoughts & Comments for Today - 02/24/2026
Today is going to be a tough day for the markets. One of the three is about to happen.
We are about to watch as we continue on this downtrend
We are about to watch, as this is a BTD Opportunity and rally
We will snap to $680 and magnet around that level, providing chop & neutrality
I say there is a 98% chance just predicted what is about to happen in the markets today, now the real question is, which one is going to happen…
All three of these options, as bad as it sounds, are extremely valid, and many traders are going to have difficulties attempting to trade today due to the inconsistencies in the markets and the way that things are trending.
If we continue to sell off, that would obviously not be ideal, and we can watch as $SPY easily breaks below $680, making it extremely difficult for anyone to be bullish as traders continue to lose money. This is obviously not ideal, and should be the largest concern of today. In the case that we sell off, the next major levels of support on the daily are the daily cloud support right around $675, AND in the case that we break through that level, that will become a weak confirmation of a reversal on the daily charts.
In the case that we snap back to the $680 magnet zone and chop around there, I am going to advise everyone to remain as neutral as possible, as the chop and consolidation of that range is really going to make trading difficult for the large majority of individuals. Many who want to trade and allocate will be stuck in a loop of minimal movement, resulting in chop and losses to be generated. This is the worst-case scenario, in my opinion, as the only people who win during chop are the market makers taking your money!
The best case scenario, though, for the large majority of traders is watching as the markets recover from this range once again, break back out, and show the strength and confidence necessary to retain this level in the markets. Because, as bad as this sounds, you all know the saying, the bigger they are, the harder they fall. The markets are amazing right now, but we are towering and heavily overpriced in my opinion, so when the markets ultimately start to slow down and sell off, just prepare accordingly because that will be disgusting.
If we are not able to retain the purchasing at this level, then selling will incur, so just hope that when all is said and done, the buying pressure that is necessary to retain this level remains.
Just note, we do have Donald Trump’s State of the Union Address today. That “should” not impact these market conditions, but you know how it is, where regardless of what “should” or “shouldn’t” impact the markets, it does not matter. DJT is stepping up on the stage, so anything can be said.
Make sure to practice risk management today, understand that these conditions are genuinely volatile and uncertain, and that traders are unfortunately going to be caught in the middle of everything. So remain solvent, and prepare accordingly for confusion!
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 02/24/2026 (ET):
Chicago Fed President Austan Goolsbee speaks - 8:00 AM
Atlanta Fed President Raphael Bostic speaks - 9:00 AM
Fed governor Lisa Cook speaks - 9:30 AM
Wholesale Inventories - 10:00 AM
Consumer Confidence - 10:00 AM
Notable Earnings for 02/24/2026:
Pre-Market Earnings:
Cipher Mining (CIFR)
Home Depot (HD)
Leonardo DRS (DRS)
DigitalOcean (DOCN)
NRG Energy (NRG)
Fidelity National (FIS)
Amer Sports (AS)
After Market Earnings:
AMC Entertainment (AMC)
MercadoLibre (MELI)
CAVA Group (CAVA)
Workday (WDAY)
Axon Enterprise (AXON)
HP Inc (HPQ)
Realty Income (O)
EOG Resources (EOG)
Wrap up
This is going to be an interesting day for the markets with confusion across the board. Continue to do everything you can to remain solvent, and then do everything you can to make the most of these conditions. We are going to have an amazing time, so just realize some gains, smile, and enjoy these volatile yet beautiful market conditions!
Good luck trading and let’s see where $SPY takes us!!