HaiKhuu Daily Report - 03/09/2026
Good morning and happy Monday! Well… things are looking disgusting, and conditions can easily get significantly worse in an extremely short period of time. I hope you all had a great weekend, and are ready for what is going to be an absolutely INSANE day for the markets.
Things are looking deadly, literally and metaphorically. $SPY is down significantly, and we’ve warned you about a quick and rapid decline in the markets. $SPY is currently down 1.3% at the time of writing this report, and conditions can only continue to weaken in the short term. Please tread lightly on the market conditions today, congratulate the bears, and be nervous for anyone and everyone who has general market exposure at this time.
We are at the end of Fear on the Fear & Greed Index, meaning that we are about to reach extreme fear on the fear and greed index, and conditions can easily worsen before they get better.
Hopefully, the markets can recover from this point, and we see a beautiful buy-the-dip opportunity, but with the confusion and pain that traders are experiencing right now, I do believe it is extremely unlikely. So please, practice risk management going into today, as these market conditions are going to be extremely volatile, and generate significant losses for the majority of traders.
Be optimistic about the opportunities that will become available, but just tread lightly, practice risk management, and hope for the best.
Good luck trading this week, because with the way the markets are currently looking, we are going to need it.
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $683.40
Baseline Resistance: $681.67
Psychological Support: $660
Daily Cloud Resistance: $674.35
Thoughts & Comments from Last Week
Last week was a gross week for the markets that provided us opportunities to trade. Conditions were tough, markets were irrational, and hopefully, you all were able to make the most of the conditions, as anyone could have traded either direction and had a great time. Many did unfortunately generate losses, but assuming you followed the general market momentum and were able to follow trends, you should have had a great time!
We started last week with $SPY testing that $680 support, officially opening the week with $SPY trading at $678.70, conditions were relatively confusing at the time, as $SPY was trending below that major support level, but we watched as $SPY quickly ripped and rallied, going on to make the official high of the week trading at $688.62. The bullish momentum on Monday was beautiful until we gapped down quickly on Tuesday.
Tuesday was a scary day for the markets as we watched $SPY sell off overnight, gapping down almost $10 in the process, and watched as $SPY sold off and went on to make the official low of the week at $699.66. Market conditions at the bottom were deadly as we dropped below the daily cloud support, scared some traders, but watched as there was a beautiful recovery and rally, as $SPY moved up $13 from the bottom. Wednesday was the only “alright” day for the markets as we continued to move up to go on and test the daily cloud resistance.
Markets dropped again leading into Thursday, where we experienced elevated volatility with a $10 intraday range, and watched as $SPY continued to trend sideways with the confusion, and Friday was where things got bloody again.
We watched as on Friday $SPY gapped down, opening the day at $673.47, and watched as we sold off to test the $670 support and the official low of the week, before starting to move up, displaying “strength” as we recovered approximately $3~ and continued to chop around that $675 range throughout the rest of the trading day. We watched as $SPY weakened into the end of the day, where we sold off into close, and officially ended the week with $SPY trading at $672.38. $SPY dropped 1.3% on Friday with all of the news, and ended the week down approximately 1% overall.
Hopefully, you all were able to survive and capitalize on the confusion in the markets as traders had an extremely difficult week, but thankfully, market conditions were not absolutely shot in the process. Anyone who was overly stubborn in either direction most likely got burned as a trader, but anyone who simply followed the trends was able to capitalize on the confusion and opportunities that were presented to us. So we will see where the markets ultimately take us this week, and hope for the best!
S&P 500 Heat Map - 03/06/2026
Thoughts & Comments for Today - 03/09/2026
Today is going to be one of those days when everyone is going to be extremely right or extremely wrong.
Market conditions are looking disgusting as markets have tanked overnight, but we’ve seen a beautiful recovery since futures opened. Hopefully, markets only continue to move up here in the short term, but in the case that things do get worse, please prepare accordingly for what is going to be a genuinely bloody time.
The next major levels of support on a larger timeframe are $SPY $660, $640, and $620. In the case that the markets decide to dive, and dive heavily, all I can say at this point is godspeed. We’ve talked about this over the previous couple of weeks, how market conditions, when they worsen, will dive extremely quickly in an irrational manner, and this is exactly what is happening right now.
For those who’ve been around long enough to hear the party metaphor, this seems like the time that the hosts are kicking people out, the cops have not shown up and busted the party, but we are slowly getting kicked out. People are now waiting for their rides, stumbling around, with no gameplan and no plans for survival. This is quickly becoming a game of survival of the fittest in the markets with this momentum, and man, oh man, is this a terrible time.
Hopefully, we see a recovery in the markets that we can capitalize on, but at the same time, with the confusion and fear that we are experiencing, it would almost be difficult not to be fearful at this point. We are getting war headlines, oil news, and everything that any great trader is going to love, and any investor is going to absolutely hate.
Oil has moved exponentially over the past couple of days, and this is going to be a major issue for everyone. Hopefully, oil prices do not continue to increase, but with the increase we are seeing, that means that transit costs are only going to increase over the next couple of weeks, and as a result, statistics like CPI and PPI are going to look exponentially worse.
Please, do everything that you can to survive at this time. Look for opportunities to buy the dip when you have confidence to do so, but at the same time, be realistic with your expectations of these conditions. Things can easily worsen before they get better, and anyone who attempts to fight the momentum at the wrong time will get steamrolled before they know it.
Obviously, I want to be bullish and optimistic in these conditions, but as you guys have heard my personal rotation over the previous couple of weeks, it is almost hard to remain overly bullish in these conditions.
The best way to survive in today’s market conditions is by honestly having a long-term horizon. As long as you have the solvency to hold an investment, and as long as you are investing in solid companies, if your time horizon is longer than the short term volatility, you will be completely fine. Just don’t panic, don’t allocate until you are confident, and remain solvent.
If you are not one of the lucky individuals who can simply sit there holding a six-figure account and just hope that you survive, just look to capitalize on the intraday volatility. This is going to be tough to catch in real time, and only those who are overly confident will be able to capitalize on these conditions, but assuming that the markets continue to remain volatile in the short term, look to scalp and day trade where possible. Just make sure you are not fighting the momentum.
Many traders are going to attempt to fight the momentum here in the short term, and I am telling you all right now that those who do attempt to fight the trend are going to simply lose.
If you are attempting to go long while there is overly bearish sentiment in the markets, you will be trying to catch a falling knife, and you’re going to get sliced as the markets continue to come down, while the same is said for the inverse. In the case the markets start to recover and rip here in the short term, do as you please and capitalize on the bull side however you can, but if you fight the trend against a face-ripping rally, just remember that the world will be celebrating that the markets did not absolutely collapse, and you will be crying as you lose your house. So never fight any trends, mostly in these conditions.
Just please, tread lightly with the weakness in the markets. It is extremely clear that these are going to be overly volatile times for the markets, and traders are either about to realize a significant amount of gains or watch as their portfolio evaporates.
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: $ORCL, $NVDA, $TSLA, $NFLX, $INTC, $RIVN, $AMD
Speculative: $PTLO, $AIFF, $IONQ
Long Dividend: $JEPI
Long Investment: $PTLO
Short: $BRK/B
Crypto: $MSTR, SOL, BTC
Economic News for 03/09/2026 (ET):
No News Scheduled
Notable Earnings for 03/09/2026:
Pre-Market Earnings:
ACCO Brands (ACCO)
BETA Technologies (BETA)
3D Systems (DDD)
FuelCell Energy (FCEL)
Korn/Ferry International (KFY)
American Express Global (GBTG)
Heritage Insurance (HRTG)
After Market Earnings:
Voyager Technologies (VOYG)
Hewlett-Packard (HPE)
Zevra Therapeutics (ZVRA)
LifeMD (LFMD)
Casey's General (CASY)
Vail Resorts (MTN)
FreightCar America (RAIL)
Wrap up
This is going to be a scary day. I don’t know how to put that kindly. Please, just tread extremely lightly, practice safe risk management, and mitigate as much risk as possible at this time. Maximize your potential for profit, hope that this is a buy-the-dip opportunity, but be realistic with both your hopes and expectations. This will be a tough day for many, but opportunity is there, so make the most of these conditions, and let’s see where the markets take us.
Good luck trading this week, and let’s hope this selling ends soon!