HaiKhuu Daily Report - 05/06/2026
Good morning and happy Wednesday! Wow, hump day already! This week has flown by, and we are getting some absolutely INSANE market momentum. Market conditions are strong as $AMD has smashed earnings and is driving us towards new all-time highs!
Everything is looking absolutely beautiful going into open, and I hope you all are ready for a continuation of irrationality in these market conditions. Please tread lightly and do NOT FOMO into these single names that are trending stupidly heavily at the moment. Congrats to anyone who has been holding strong equities and has printed in the process, and congrats to everyone again for making it to another all-time high!
These market conditions are beautiful, and I genuinely hope that you all are ready for what the markets will bring us today! New all-time highs, volatility, and inconsistencies. It’s beautiful, isn’t it?
So please, protect your bottom line on a day like today, and do everything in your power to maximize your potential!
Good luck trading today, and let’s kill it!
The updated $SPY daily levels are as follows:
Conversion Line Support: $713.66
Baseline Support: $677.16
Psychological Support: $700
Daily Cloud Support: $665.47
Thoughts & Comments from Yesterday - 05/05/2026
Yesterday was an extremely quick yet relatively uneventful day for the markets. We did watch as $SPY made a new all-time high, but intraday momentum was relatively slow and extremely consistent. Many traders could have easily realized a significant amount of gains in the process, and I hope that you all absolutely killed it in the process. Many traders were able to generate some life-changing gains, while others, unfortunately, had a difficult time. Regardless, Market conditions are simply market conditions, and as long as you have the solvency to survive the volatility, we all get to have an amazing time!
So, we started yesterday with $SPY moving up nicely, opening the day trading at $721.74, up nicely from the previous close. $SPY continued to move up from open, continually trending up throughout the entire day, but as I said before, the momentum was extremely slow. Within the first two hours of the trading day, $SPY had only moved up about $1, and really just stayed neutral as there was major resistance towards the upside the entire time.
Things only started to pick up towards the back half of the trading day, where $SPY continued to make new highs of the day, but things only strengthened once we saw the official break above the previous all-time high. That high happened in the fashion we continually talked about, where it is an ever-so-slight kiss, making a new all-time high, but not retaining it, where we made the official high of the day and all-time high trading at $725.03. We did drop into close, but hey, new highs.
We officially ended the day with $SPY trading at $723.77, up almost $6 for the day, or up 0.8% overall. I will say that was a great day for the general markets despite the fact that some traders had difficulties on an intraday basis, but hopefully you all were able to capitalize on the conditions, or at least hold some strong equities that performed well.
After markets closed, we had earnings from many major organizations like $AMD, which resulted in the markets breaking out once again, continually making “unofficial” new all-time highs, so this is going to be an amazing day. Hopefully, we all continue to print and can make the most out of everything!
S&P 500 Heat Map - 05/05/2026
Thoughts & Comments for Today - 05/06/2026
Today is going to be another amazing day for the general markets. We are trending at new all-time highs, conditions are looking amazing, and traders are printing money hand over fist. These conditions are beautiful, and everyone should be excited about today. Continue to remain a skittish bull in these conditions, and remember not to fight the momentum.
Yes, these markets are currently overpriced, and I need to warn you all about the general downside risks, but this is one of those days when the markets seem to be able to continue to move up in an irrational fashion. Please, be careful and safe on a day like today, as traders genuinely are going to get massacred if they allocate improperly today.
If you are attempting to allocate or trade today, be quick with your scalps and be cautious attempting to allocate long into anything at the moment. We are making new all-time highs at the moment, and it would not surprise me if there is a continuation of this trend. Obviously, I want this trend to continue, but this is one of the many risks that will occur in these conditions.
For those attempting to trade, understand how great these market conditions are, but at the same time remember that in the worse case scenerios, everything goes poorly extremely quickly, and we will watch as some traders who allocate improperly realize a significant amount of losses in the short term.
A lot of people are going to be watching $AMD today, after the fact that they are up approximately 20% after their earnings. This is not a bad thing; if anything, this is amazing, as many traders in our community are long $AMD, but the difficulties come with attempting to allocate into $AMD today at these current evaluations.
Obviously, buying $AMD in the $70-80-90 range and holding it until now, you are absolutely killing it, but at the same time, there are going to be people here who are going to be attempting to purchase it in the $400+ range. So, what I have to say about that is that $AMD is a great organization and can easily continue to move up, but this is going to be extremely risky attempting to allocate into the organization at this point. There are more risks allocating into the organization now compared to $300 ago, and those who allocate now are taking on exponentially more risk compared to someone who has been holding $AMD through this run.
So what does this mean? If you are IN $AMD, consider selling covered calls at open that are highly OTM to collect a significant amount of premium after these earnings. If you have long $AMD shares, consider cutting some of your exposure and taking profit, and if you are looking to trade $AMD, be extremely cautious. Allocations in $AMD today are not necessarily a bad thing, but it is exponentially riskier to attempt to do that at this point. So scalp quickly, tread lightly, and pray that you are right.
But today is going to be a great day for the markets, and hopefully, everything provides us with opportunities to realize a significant amount of gains in an extremely short period of time. Just continue to remain optimistic, hydrated, and prepared for uncertainty and volatility in the markets. It’s gonna be an amazing time, so make the most out of today, and have some fun!
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: $AMD, $INTC, $ORCL, $NVDA, $TSLA, $PLTR, $SMCI, $MSFT
Speculative: $PTLO, $RIVN, $GAP, $NKE
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 05/06/2026 (ET):
ADP Employment - 8:15 AM
Chicago Fed President Austan Goolsbee Speech - 1:00 PM
Notable Earnings for 05/06/2026:
Pre-Market Earnings:
Walt Disney (DIS)
Hut 8 Mining (HUT)
Kraft Heinz Company (KHC)
Uber Technologies (UBER)
Trinity Capital (TRIN)
Amcor (AMCR)
EOG Resources (EOG)
CVS Health (CVS)
Flex (FLEX)
After Market Earnings:
Coherent (COHR)
IonQ (IONQ)
Axon Enterprise (AXON)
Arm Holdings (ARM)
AppLovin (APP)
Dutch Bros (BROS)
Snap (SNAP)
Whirlpool (WHR)
Zillow (Z)
Wrap up
This is going to be an amazing day with great opportunities for everyone to genuinely realize some life-changing gains. Please, make the most out of the opportunities presented to us, and have a great time in the process. Life is good, markets are at all-time highs, and I’m not sick anymore, so go on and enjoy today, and have an amazing time!
Good luck trading, and let’s see what the markets have in store for us!!