HaiKhuu Daily Report - 04/02/2026
Good morning and happy Thursday! Just as a reminder before starting anything, this is the LAST trading day of this week! Markets are CLOSED tomorrow for Good Friday, and I hope you all have a wonderful day off!
Markets are looking disgusting right now, down heavily as a result of DJT continuing to blab, and markets are treading on wartime news headlines, confusion, and fear.
As I’ve said before, there will be many interesting scalping opportunities in the short term, but with all opportunities come confusion, volatility, and general difficulty. Traders could have and should have realized gains over the previous couple of days, and those who simply follow the trend will continue to realize gains.
It is very clear that the markets are weakened leading into today, so just tread lightly, practice safe risk management, and do everything in your power to make the most out of this short-term confusion.
Good luck trading, and enjoy the volatility provided to us, and let’s realize some gains today!
The updated $SPY daily levels are as follows:
Conversion Line Support: $645.95
Baseline Resistance: $661.48
Psychological Support: $640
Psychological Resistance: $660
Daily Cloud Resistance: $684.52
Thoughts & Comments from Yesterday - 04/01/2026
Yesterday was an absolutely insane day for the markets with a significant amount of bullish momentum and opportunity! Hopefully, you all were able to make the most of the volatility as traders genuinely either got slaughtered or continued to realize gains! Anyone who followed the momentum had an amazing time, and anyone who was simply holding long equities should have enjoyed it. Hopefully, you all were able to capitalize on the conditions yesterday and had a great time!
We started the day with $SPY trading at $653.74, moving up nicely from the previous close and continuing the bullish momentum. Early in the morning, the markets continued to move up, showing relative strength before rejecting the $656 level and dropping back down. After making the relative high of the morning, we watched as $SPY dropped quickly to go on and make the official low of the day, trading at $653.00 before starting to recover and rally again!
From the bottom, $SPY continued to move up through the morning, displaying more strength during the afternoon, leading into the lunchtime lull, where the markets continued to display confidence, and we continued to rally. Markets continued to move up through the early afternoon, going on to make the official high of the day, trading at $658.52, before the war headlines started to hit the markets.
Unlike Tuesday, when the war headlines hit yesterday, the markets did not receive them kindly, and all of the bullish momentum from earlier in the day was sold off. $SPY then dropped back down to $654, and remained there for a little bit before bouncing back up, where we officially ended the day with $SPY trading at $655.24, up approximately $5 for the day, or up roughly 0.75% overall.
So, it was an alright day for the markets as there was a bullish momentum we could have capitalized on, but after the selling and what occurred on Tuesday, the buying event of yesterday was nice, but we gotta prepare for the selling event of today!
S&P 500 Heat Map - 04/01/2026
Thoughts & Comments for Today - 04/02/2026
Today is going to be another spicy day for the general markets. As I’ve warned over the previous couple of days, slight bullish momentum does not mean that there has been any sort of confirmation of a reversal in the markets, and this is exactly what I am talking about. We got wartime news headlines last night after the markets closed, and as a result of that, $SPY is down during this pre-market session. The selling that has occurred is not overly bearish, but is just a continuation of a larger trend in the markets. Please, go into today with the expectation we are going to see irationality, and expect that we are going to only continue to see weakness until there is the catalyst for a larger market reversal, until then, green days are great, but as I’ve said, you should remain skeptical.
If you are attempting to trade today, I do have some general recommendations for you. The biggest is always going to be to simply follow the momentum as well as practice safe risk management. If you are all in on a position and it goes poorly, that’s going to be tough, but it is worse when you go all in against the market trend and watch as the markets continue to trend against you.
We all know exactly how it feels when the markets act against you, and it is worse when the losses get stacked up as a result. So please, follow the momentum regardless of the direction, assuming you are looking at the markets from an intraday basis, and do everything in your power to maximize the potential that is being provided.
I believe that bull plays today will be extremely difficult to capitalize on, but I do believe that there will be more bullish opportunities presented to us to allocate into the markets today than bearish, yet those who were bearish from the previous couple of days, despite being wiped, have an opportunity to make everything back. So hopefully, we all are going to be able to realize some gains today.
One play that you should look to stay away from at this point is 0-DTE calls. Again, I am not saying that we do not have the potential to move up, but just with volatility so high and the confusion in the general markets. Anyone who attempts to get into 0-DTE’s will have an extremely difficult time if Theta and Volatility are crushing your position. It may end up that you are $2-3-5 ITM, but ultimately end up being black on your play as theta burns your premium, and the volatility drops as $SPY moves up.
So please continue to tread lightly and practice safe risk management today.
One of the best plays in these conditions, in my opinion, is looking to sell premium or looking to sell spreads. Yes, this is a more advanced strategy that I do not expect everyone to be able to replicate perfectly, but with everything that I said about why I am not a fan of 0-DTE’s today, it is the reason why I love CSPs & spreads today.
Assuming that everything works out ideally and none of the contracts get tested, you are going to be able to watch as theta burns your contract’s premium extremely quickly, and watch as people are paying a stupid premium to get into these positions while VIX is so high. So look to allocate to selling premium today. You won’t change your life at all in any way, shape, or form, selling premium today, but that can be one of the sexiest short-term plays, as there is little to no risk, assuming you know what you are doing.
My favorite positions will have to be selling far OTM spreads on strong equities, and just hope that those positions do not get tested. For example, the other day I was looking to sell some $MSFT spreads. A single $MSFT CSP would have cost me roughly $35k~, but because I made it a spread, selling the $350P and purchasing the $340P, I only had $1k of risk exposure and capital tied up in my account. On that $1k of risk exposure, we were able to generate roughly a 10% return on capital in literally a day. Again, it’s not the sexiest return as I only made approximately $100 per spread, but $100 on $1,000 is a lot more profitable than the $200 I would have made on $35,000.
So this is just something to consider in these conditions, while volatility is extremely high, the premium is stupid, and traders are irrational, as it will provide you with some amazing opportunities to take advantage and have an amazing time!
Please go into today excited and optimistic to see what opportunities are presented to us, but prepare accordingly, as we can easily continue to sell off from this point. So let’s realize some gains and make the most out of today!
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: $MU, $NVDA, $AMD, $TSLA, $MSFT, $ORCL, $INTC
Speculative: $PTLO, $RIVN, $GAP, $NKE
Long Dividend: $JEPI
Long Investment: $PTLO
Short: Semis?
Crypto: $MSTR, SOL, BTC
Economic News for 04/02/2026 (ET):
Initial Jobless Claims - 8:30
Trade Deficit - 8:30 AM
Notable Earnings for 04/02/2026:
Pre-Market Earnings:
AngioDynamics (ANGO)
Acuity Brands (AYI)
Lindsay Manufacturing (LNN)
Namib Minerals (NAMM)
After Market Earnings:
NO EARNINGS SCHEDULED
Wrap up
This is going to be a fun day for the general markets. Opportunities will be amongst us to trade, but the pre-market session is looking sketchy. Please continue to tread lightly and practice safe risk management on a day like today. Anything can happen, and this bearish momentum can continue, so please protect your bottom line, and let’s realize some gains today!
Good luck trading, and let’s end this week strong!