HaiKhuu Daily Report - 04/29/2026
Good morning and happy Wednesday! Wow, I don’t know what’s happened, but I feel that this week has absolutely flown by! Traders are having an amazing time and are taking advantage of the opportunities presented to us in these market conditions, despite the tough and generally confusing momentum we are experiencing. I hope you all are making the most of this confusion and realizing some gains!
We have FOMC and Jerome Powell’s FINAL FOMC later today, which will be followed up by some of the largest earnings of the entire market. So please, tread lightly and practice safe risk management in these current market conditions!
These market conditions have been extremely difficult and extremely inconsistent due to the lack of general momentum, but hopefully, you all have been able to capitalize on the opportunities that have been presented to us over the previous couple of days. Attempting to trade single-name stocks and following the momentum has been the safest option in these conditions, so I hope you all have enjoyed the opportunities and guidance over the previous couple of days.
Please continue to tread lightly and practice safe risk management in these conditions, as this neutrality will result in traders attempting to scale up their position to attempt to realize gains. While yes, this is not necessarily a bad thing, this also can easily increase loss rate as well, making traders act irrationally and overtrade.
So stick to organizations with confidence and momentum, and prepare accordingly for some more volatility!
Good luck trading today, and let’s see where $SPY takes us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $707.08
Baseline Support: $672.45
Psychological Support: $700
Daily Cloud Support: $671.28
Thoughts & Comments from Yesterday - 04/28/2026
Yesterday was a relatively disgusting day for the general markets. Conditions were extremely neutral as expected, despite having mild bearish sentiment. It would have been wild if someone had predicted that would happen in an entire report yesterday, but such is simply life. There were no great opportunities on an intraday basis to have generated a significant amount of gains, but at the same time, opportunities are always going to be amongst us, so hopefully you all were able to realize some gains and make the most out of the conditions.
So, we started yesterday with $SPY dropping into open, opening at $711.75, market conditions were relatively gross around open, as $SPY went on to quickly make the official high of the day at $712.88 before ultimately coming down and having a tough time. $SPY then went on to sell off to the $710 range, and remained there between the early morning, through the lunchtime lull, into the early afternoon. $SPY made the official low of the day at $709.25, and then thankfully started to move up slowly in the back half of the afternoon.
During that time, $SPY slowly ground up and recovered all of the selling that occurred in the early morning, going on to watch as $SPY officially ended the day trading at $711.69, down $3.50 overall or down roughly 0.5%.
The insane thing is that if you look at the neutrality that was generated at the time, on an intraday basis from market open to close, we watched as $SPY essentially remained neutral throughout the entire day, as there was a $0.06 movement overall during that time. Hopefully, you were all able to capitalize on the short-term volatility in the markets, but man, that was a tough day for people who attempted to do anything. Investors really didn’t see that much of a change on an intraday basis, yet anyone who attempted to scalp was not able to generate any gains, so hopefully you all were able to survive the confusing volatility of yesterday, and are ready for what the markets might have in store for us today!
S&P 500 Heat Map - 04/28/2026
Thoughts & Comments for Today - 04/29/2026
Today is going to be another interesting and hectic day for the markets. We are getting wartime news headlines, oil prices are ripping again, and there is so much uncertainty and volatility in these conditions that we truly do not know what to expect at this point. Please continue to tread lightly and practice risk management, knowing that there is a lot of downside risk in these conditions, and understand the volatility that is in play.
Later today, we don’t only have major earnings, but we also have FOMC and Jerome Powell speaking. So, if you were not prepared for volatility, it doesn’t matter because we are only going to continue to remain volatile in these conditions. Please, tread lightly and practice safe risk management in these market conditions, and understand that the amount of uncertainty going into the markets today is the most we’ve seen in the past couple of weeks.
Make sure that you are all prepared accordingly for these conditions. I am worried about neutrality on an intraday basis, but this is one of those days when this is not going to be as much of a liability. With all of the major events going on today, as well as the volatility we are experiencing, I do not expect neutrality today. So, I am concerned about the possible downside risks of the markets and the fact that things can easily come crashing down.
Protect your bottom line, don’t overallocate in these conditions, and genuinely do everything in your power to maximize the opportunities presented.
As I said earlier, I am worried about downside risk in these conditions. Realistically, the markets can easily come crashing down. I hate saying this, but in reality, this is something we will have to worry about in the short term. In the case we get bad news, in the case organizations continue to sell off, or in the case that earnings aren’t favorable, just know that $SPY can easily continue to come down; we can reject this $700 level and continue to trade in the $680-700 range with ease.
Obviously, this is less than ideal and is not what we want to “happen,” but at the same time, it is the reality of these conditions, and it is for us to follow the momentum and trade accordingly.
With FOMC and JP speaking, 2 pm EST and forward is going to be extremely inconsistent, but it will be a part of the fun of these market conditions. So look to do what you can to maximize your potential, and just tread lightly on these conditions.
The inconsistencies of these conditions ultimately are going to make or break a lot of traders today, so scale into your plays accordingly, tread lightly, and look to practice safe risk management at this time. Be scared of the risks involved with allocating, but just continue to make the most out of the strength and opportunity that is presented. There will be many great opportunities to follow some momentum today, so let’s enjoy the final “Good Afternoon” from Jerome Powell and enjoy the rest 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: $INTC, $ORCL, $NVDA, $TSLA, $PLTR, $AMD, $MSFT
Speculative: $PTLO, $RIVN, $GAP, $NKE
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 04/29/2026 (ET):
Durable-Goods Orders - 8:30 AM
Housing Starts - 8:30 AM
Building Permits - 8:30 AM
Retail Inventories - 8:30 AM
Wholesale Inventories - 8:30 AM
FOMC Interest Rate Decision - 2:00 PM
Fed Chair Powell Press Conference - 2:30 PM
Notable Earnings for 04/29/2026:
Pre-Market Earnings:
SoFi (SOFI)
Amphenol (APH)
Humana (HUM)
Canadian National Railway (CNI)
Regeneron Pharmaceutical (REGN)
Cognizant Technology (CTSH)
Garmin (GRMN)
Avnet (AVT)
Phillips 66 (PSX)
After Market Earnings:
Microsoft (MSFT)
Amazon (AMZN)
Meta Platforms (META)
Google (GOOG)
Chipotle Mexican Grill (CMG)
Ford Motor Company (F)
Qualcomm Incorporated (QCOM)
Carvana (CVNA)
Wrap up
This is going to be a hectic day for the markets. Please, tread lightly knowing that we are going to have lots of earnings coming up after hours that will start to heavily impact the markets, as well as make trading extremely inconsistent. Please, tread lightly, practice safe risk management, prepare for neutrality and bearish sentiment, and tread extremely lightly on these conditions.
Good luck trading, and let’s see where the markets decide to take us!