HaiKhuu Daily Report - 04/17/2026
Good morning and happy Friday! Wow, these market conditions are absolutely insane! Markets are strong, traders have been printing, and everyone is excited about these conditions! Markets have only continued to move up during the pre-market session, and $SPY is trading at an unofficial new all-time high at the time of writing this report.
I hope you all are ready for today, as these market conditions have honestly been a blessing. Traders have had opportunities to capitalize on volatility, and the general market momentum has been strong.
Today is the monthly options expiration, so please go into today knowing that at the end of the day, we are going to most likely see some irrational volatility. So please, tread lightly going into today, and make the most out of the opportunities available!
Good luck trading today, and let’s continue to enjoy this momentum!
The updated $SPY daily levels are as follows:
Conversion Line Support: $676.92
Baseline Support: $666.03
Psychological Support: $700
Daily Cloud Support: $680.12
Thoughts & Comments from Yesterday - 04/16/2026
Yesterday was an amazing yet hectic time for the general markets. Traders had opportunities to scalp in both directions, and traders could have easily realized a significant amount of gains in the process. General market momentum was strong, and traders watched as $SPY went on and made a new all-time high. I personally was extremely happy about the market conditions yesterday, and I hope you all were too!
We started the day with $SPY making the highest recorded open, opening the day at $701.13. Market conditions were beautiful until we quickly started to sell off in the first hour, going on to break below the $700 support level and making the official low of the day, trading at $698.54. Market conditions at the bottom weren’t the worst, but less than ideal. Thankfully, market momentum was able to pick up from the bottom as traders showed more confidence leading into the lunchtime lull.
During that time, market momentum picked up heavily, recovering absolutely everything that was lost during the selling, and watched as $SPY only continued to make new highs after new highs. Hopefully, you all were able to ride that momentum as $SPY went on to make the official high of the day, and a new all-time high, trading at $702.77.
Market momentum at the top was beautiful as there was so much strength, but as the lunchtime lull slowed down, we watched as $SPY quickly dropped, and lost everything that was gained. $SPY chopped around $700 not once, but twice, leading into the end of the day, where the final time was leading into power hour.
Power hour itself, though, was absolutely amazing for the markets, as there was just a continuation of strong bullish momentum. Markets were looking strong, there was an opportunity, and traders could have easily capitalized on the conditions. The final hour and change was just essentially one continuous bullish movement, where we went on and went on and officially ended the day with $SPY trading at $701.66, up roughly $2 for the day, or up 0.25% overall.
I will say that yesterday was an absolutely amazing day for the markets, which provided us with opportunities to trade and realize a significant amount of gains in the process, despite the intraday volatility and momentum. Hopefully, you all were able to maximize the potential provided to you and enjoyed the opportunities in the markets. Again, many were able to capitalize on yesterday and realize some gains, so let’s just see where the markets want to take us today and realize a significant amount of gains in the process!
S&P 500 Heat Map - 04/16/2026
Thoughts & Comments for Today - 04/17/2026
Today is going to be an insanely volatile day for the general markets, which will provide us with so many insane opportunities to trade and realize a significant amount of gains in an extremely short period of time. Just remember, when I say stuff like this, yes, that statement is true, but the same can be said about losses. So please go into today optimistic as always, but tread lightly and be realistic with your expectations.
Market conditions leading into today are strong, and $SPY at the time of writing this report was trading above the previous all-time high. Market conditions are looking great, and traders are optimistic. We only continue to move up on the fear and greed index, and traders are quickly becoming more and more greedy as a result.
This is a good thing here in the short term, as this does mean that the markets should only continue to move up here in the short term, but at the same time, with the difficulties we are experiencing, it is almost hard not to want to get a piece of the pie. As tempting as it sounds, I just need to remind you all that practicing safe risk management is going to be key to your success, and making sure you are able to do everything you can to minimize your risk.
These market conditions are great, but just remember that equities are expensive, and the dollar movements are going to be elevated at this time. Traders will be able to realize a significant amount in an extremely short period of time as a result.
Just remember, despite the confidence we are seeing and the opportunities that are in the markets, it is hard not to be realistic with your expectations. As I have previously warned, these market conditions are beautiful, yet we should all be extremely skeptical at the same time.
I am not saying that the markets are going to crash today or in the near future, but just remember that we are in market conditions where at genuinely anytime, we can get major war news that can cause the markets to tumble again. I do believe there is an extremely low likelihood of this happening, but at the same time, it is a non-zero chance. So please, tread lightly, practice safe risk management, and protect your bottom line on a day like today.
But if you are looking to have some fun, with the volatility and price action in the markets, there will be some great opportunities presented to us.
One play I personally am going to be looking to take advantage of today is the 0-DTE market squeeze towards the end of the day. I am not saying that $SPY necessarily is going to squeeze today, but I believe that, as a result of the market conditions, there will be many organizations that will have extremely cheap premiums towards the end of the day that traders will misprice, allowing us an opportunity to allocate and scalp some quick premiums in the process. This is a strategy that is kind of a hero or zero, where there will be a significant amount of risk, but if done properly, it will have one of the most insane risk-to-reward processes in the markets. So be on the lookout towards the end of the day, and make sure to tune into the call because I will be actively searching and praying towards the end 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: $ORCL, $NVDA, $TSLA, $INTC, $PLTR, $AMD, $INTC
Speculative: $PTLO, $RIVN, $GAP, $NKE
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 04/17/2026 (ET):
Housing Starts - 8:30 AM
Building Permits - 8:30 AM
Notable Earnings for 04/17/2026:
Pre-Market Earnings:
Fifth Third Bancorp (FITB)
Regions Financial (TFC)
Truist Financial (TFC)
Ericsson (ERIC)
Ally Financial (ALLY)
State Street Corp (STT)
Wrap up
Hopefully, the markets only continue to move up from this point and show a significant amount of strength and opportunity. Obviously, I am skeptical of this movement, but I am enjoying this momentum, so make sure to practice safe risk management going into these conditions, but enjoy everything that the markets have in store for us. Many are going to be able to realize gains, so enjoy these conditions, and let’s realize some gains!
Good luck trading, and let’s end this week strong!