HaiKhuu Daily Report - 04/30/2026
Good morning and happy Thursday! Wow, these market conditions are going to be crazy, and traders are preparing for more volatility. We just had earnings from many of the major players in the tech space, and as a result, we are preparing for some absolutely insane volatility. Please, tread lightly leading into today, and prepare accordingly for the inconsistencies that will arise in these conditions.
Markets are up at the moment, but we are going to watch as there is an increase in inconsistencies and irrationality. Many traders are going to have difficulties remaining consistent, but as bad as this sounds, it will only impact those who attempt to force trades, overtrade, or simply get chopped out. As long as you are making smart decisions and practicing safe risk management, though, I genuinely don’t see a reason why traders can’t do well today.
Just stick to what you know, stick to what you’re comfortable with, and stick with the momentum. As long as you are comfortable and confident following a trend, markets should be a lot easier to handle.
So good luck trading today, and let’s prepare accordingly for some volatility!
The updated $SPY daily levels are as follows:
Conversion Line Support: $708.96
Baseline Support: $672.45
Psychological Support: $700
Daily Cloud Support: $671.28
Thoughts & Comments from Yesterday - 04/29/2026
Yesterday was an absolutely disgusting day for the general markets as we watched a continuation of neutrality, choppy, and slow market conditions. Volatility on an intraday basis took many traders by storm, and many traders realized losses attempting to scalp the short-term momentum yesterday. Hopefully, you all survived and were able to realize some gains, but I know for a fact that the majority of scalpers on an intraday basis had a tough time! Regardless, such is simply life, and I hope you all were able to realize some gains yesterday!
We started yesterday with market conditions looking relatively disgusting, opening the day slightly down. We opened the day with $SPY trading at $710.91, and market conditions didn’t really look that great. We continued to chop around in the early morning before starting to get a little bit of bullish momentum as $SPY went on to make the official high of the day early in the morning, trading at $712.18 before starting to come back down.
Leading into the lunchtime lull, through the lunchtime lull, and leading into FOMC, market momentum was absolutely disgusting. It was slow, mildly bearish, and we watched as general conditions only continued to show general weakness. We did move up slightly leading into FOMC, but was quickly let down afterward as $SPY dropped on the news of no rate change, resulting in $SPY making the official low of the day trading at $708.39, continually chopping and making trading difficult for everyone, until the final hour of the trading day where $SPY bounced back up into close, and officially ended the day trading at $711.58, down $0.11 overall for the day, and up $0.60 from open.
So, what I will say is that the market conditions of yesterday were worse than expected, lacked general momentum, and only continued to remain extremely choppy and neutral on a larger scale. Hopefully, you all were able to capitalize on the conditions and make the most of the short-term volatility, but with all of the difficulties the majority of traders experienced and the inconsistencies that played a part in it, just know that if you ended green yesterday, you absolutely killed it and did better than the large majority of individuals who attempted to trade and realize some gains. So, let’s just see what the markets want to do today, and see what opportunities will be in store for us!
S&P 500 Heat Map - 04/29/2026
Thoughts & Comments for Today - 04/30/2026
Today is either going to be an absolutely beautiful day for the markets, or we are going to watch as many traders get absolutely slaughtered in real time. I am worried about neutrality and chop, but with the earnings that just happened and the volatility of these market conditions, economic news that comes out during the pre-market session or a shift in general market sentiment can easily change either the direction of the market or the sentiment of the traders.
Please be extremely careful at this time, but prepare accordingly for some inconsistencies in the markets.
I do want to warn you all, with the way that the markets have been moving over the previous couple of trading days, we have seen a continuation of neutrality and chop. I’ve talked about this before, where in the case there is a consolidation in the markets, and we remain in a narrow range, we typically are in a point of confusion, and that is where we are at currently. There is a war between the bulls and the bears, and as a result, the markets have been moving slowly, in the hopes that something happens.
I am letting you all know that once this consolidation is over, we are going to get a large directional movement. I believe there is an extremely LOW likelihood that we get an irrational breakout WITHOUT news, and the only true direction we can go without news is towards the downside. If there is news, headlines are what are going to matter. There is a chance that we get positive war news, resulting in the markets breaking out and continuing on this irrational movement up, but just know that in reality, with the current conditions of the markets, these conditions are going to be difficult to navigate in the short term, but provide us with lots of potential in the near future. So tread lightly now, and once a direction is confirmed, do NOT fight the trend.
One play I want to bring up is selling option premium. You’ve heard me talk about this for the previous couple of trading days, and I’ve talked about these plays almost every single week over the past month. I feel that it will be kind of the same going into my plays both today and tomorrow. I believe that those who understand selling option premiums and know how to sell them accordingly will absolutely kill it in these conditions. Yes, there is the general risk in the case your position does not work out accordingly, but assuming the markets continue to show neutrality and chop, those who know how to capitalize on the neutrality will absolutely print. Theta continues to eat away at your contract while the underlying is remaining neutral, resulting in free premium for any of these sellers.
This is not typically my strategy to trade, but if you understand spreads and are confident in your ability to sell them, that is almost free money in these conditions.
But, utilizing my strategy, there are a couple of organizations I have my eyes on. Before I say anything, I want to say that none of this is financial advice nor a signal to buy or sell anything. I cannot guarentee the performance of anything I am about to say, and advise you all to take it with a grain of salt.
For tomorrow, four organizations I am looking at are $AAPL, $RDDT, $RIVN, and $RBLX. None of these organizations is a play for today, and all of them specifically have earnings after hours today. I believe that, as a result of their earnings after hours, this will give us a great opportunity to trade premiums against these organizations. I am sure some of them will do well on earnings, and I am sure some of these organizations will do terribly. I don’t know which ones are going to do which, but we are ONLY looking to trade the organizations that, unfortunately, do terribly. I want to find an organization that had good earnings but unfortunately sold off in an irrational way, resulting in the put premium being stupidly high. I will be looking to take advantage of the momentum and opportunity, sell as far OTM contract as possible, and watch as the premium gets burned within the first hour or two of the day.
Again, I cannot guarentee you’re going to be able to replicate this with the ease that I am, or even touch on the reality of the profitability. Just keep those four organizations on your radar after hours today and pre-market tomorrow to try and find the best contenders to sell premium against. I’ll let you know tomorrow what I am interested in, but for now, those are the four organizations I will be watching to sell 0-DTE CSPs / Spreads against tomorrow. Keep this on your radar and prepare accordingly for the volatility!
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 04/30/2026 (ET):
Initial Jobless Claims - 8:30 AM
Employment Cost Index - 8:30 AM
GDP - 8:30 AM
Personal Income - 8:30 AM
Personal Spending - 8:30 AM
Core PCE Index - 8:30 AM
Economic Indicators - 10:00 AM
Notable Earnings for 04/30/2026:
Pre-Market Earnings:
Caterpillar (CAT)
ConocoPhillips (COP)
Wayfair (W)
Valero Energy (VLO)
Eli Lilly & Co (LLY)
Mastercard (MA)
Altria Group (MO)
Bristol Myers Squibb (BMY)
CIGNA (CI)
After Market Earnings:
Apple (AAPL)
SanDisk (SNDK)
Western Digital (WDC)
Reddit (RDDT)
Amgen (AMGN)
Rivian Automotive (RIVN)
Roblox (RBLX)
GoDaddy (GDDY)
Wrap up
This is going to be a hectic day for the general markets. There will be opportunities to trade, but I am just worried about the short-term momentum and the risks that are involved with the neutrality. Please, tread lightly and practice risk management while we are in this choppy, neutral consolidation, wait for a directional movement, and follow the momentum.
Good luck trading today, we might need it!