HaiKhuu Daily Report - 05/07/2026
Good morning and happy Thursday!!! Wow, we keep rolling, and the markets keep making new all-time highs! $SPY has only continued to rally in this “irrationality” state in the markets, where we are stuck in a loop of almost perpetual bullish momentum. I hope you all are printing and are loving these conditions, as it does not appear that this momentum wants to stop.
Please, continue to tread lightly on equities at this level, as many organizations are heavily overvalued at this point, but assuming that the momentum continues, we should all continue to have a great time.
Look to maximize the potential that is provided to us, have an amazing time, and just remember, this is the best time in history to be allocated into the stock market, so congrats and have an amazing time today!
Good luck trading, and let’s realize a significant amount of gains!
The updated $SPY daily levels are as follows:
Conversion Line Support: $721.48
Baseline Support: $686.29
Psychological Support: $700
Previous All-Time High: $734.58
Daily Cloud Support: $663.56
Thoughts & Comments from Yesterday - 05/06/2026
Yesterday was an absolutely insane day for the markets as $SPY only continued to make new all-time highs. Market conditions were beautiful, traders were realizing a significant amount of gains, and everyone should have absolutely printed in the process. I want to say congrats to everyone who was able to capitalize on the market conditions yesterday, and say congrats to anyone who printed holding any of the semiconductor names we’ve been watching. It was an amazing day with over $1,000,000 of gains generated here in the Discord, so I just want to say congrats, congrats, congrats!
So, we started yesterday with market conditions looking exceptionally strong, opening at a new all-time high, trading at $728.15. Market conditions continued to rally after opening and looked beautiful, breaking past $730 going into the lunchtime lull, $SPY then went on and continued to make all-time highs, despite slowing down into the early afternoon.
Thankfully, after the momentum started to pick back up towards the back half of the afternoon, we continued to rally accordingly, still ripping high after high, where we ultimately ended the day with a breakout in the final five minutes of the trading day to make the all-time official high at $734.58.
We dropped slightly leading into close, where we officially ended the day with $SPY trading at $733.83, up $10 for the day (+1.4%).
It was again an absolutely record-shattering day with a record open price, record close price, and a new all-time high in the markets. So, I hope you all absolutely printed and were able to make the most of the short-term volatility and momentum in the markets. Life is good, and so are these market conditions, so I hope you all were able to realize some gains and make the most of these conditions with us!
S&P 500 Heat Map - 05/06/2026
Thoughts & Comments for Today - 05/07/2026
Today is going to be a continuation of the general hectic conditions we’ve experienced over the previous couple of days. Market momentum is strong, traders are excited, and many people are absolutely printing in these conditions. As I said yesterday, we had a $1,000,000 day in the community, and I genuinely believe that this momentum can easily continue. Please, remain a skittish bull in these conditions, be optimistic yet skeptical. Those who trust in both the markets and the system are being heavily rewarded at the moment, so continue to capitalize on these conditions and have an amazing time.
One thing that I will warn you all about in these conditions is the general fear of selling. Yes, the markets are overvalued at this current time, yes, every stock is at an irrational premium compared to where it was prospectively. This does not mean that you should not attempt to capitalize on these conditions, even if you are too late.
Anyone and everyone, regardless of trading style, can still capitalize on these market conditions, but it is just a matter of do YOU know how to capitalize on these conditions.
But, I genuinely believe that everyone in the books can print in these conditions. To prove my point, here is a SIMPLE list:
Option Buyers
One of the worst moves in these conditions for consistency
Stay away from holding 0-DTE highly OTM Index Contracts
Stick with volatile, cheaper equities with momentum
Trade on an intraday basis - or grab LEAPS
Look for intraday quick momenutm breakouts
Option Sellers
One of the most consistent strategies in these conditions
Stick to selling 0-DTE highly OTM Contracts
Capitalize on the volatility & stupidity of traders
Look for contracts with excessive premium
Scalpers
One of the most inconsistent trading styles in these conditions
Look to scalp momentum & Trend
Can catch short-term breakouts
Minimal “risk” assuming tight stops set
Day Traders
One of the more confident plays in these conditions
Look for value on an intraday basis
Find discounts & momentum
Follow the trends over a larger timeframe intraday
Swing Traders
One of the most profitable traders this year
Find heavy discounts/selling
Find opportunities to buy & hold deep value
Look for confirmations on a larger timeframe prior to entry
Investors
One of the most relaxed traders
Skeptical, adding at this point
But holding positions from 10-20-30-50-100-200% ago
Slowly realizing gains as markets continue to go up
Degen’ers
Are they still alive at this point?
So, with that all said, anyone with any trading strategy genuinely can win in these conditions. It all just comes down to how you want to allocate, and what your plans are to do so. If you found a strategy that works, that you are comfortable doing, that you are consistent in, there is genuinely no reason why you should not realize a consistent amount of gains at this time. There is so much momentum provided to us in these conditions. Make the right decisions, and reap the rewards.
Just as I always warn, be smart, practice risk management, and protect your bottom line. Because as much as I want to be overly hyped, there are going to always be organizations that trend poorly, traders who allocate incorrectly, and market makers that want to steal your money. So protect your bottom line leading into today, but be excited about the opportunities presented to us!
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 05/07/2026 (ET):
Initial Jobless Claims - 8:30 AM
U.S. Productivity - 8:30 AM
Construction Spending - 10:00 AM
Consumer Credit - 3:00 PM
New York Fed President John Williams Speech - 3:30 PM
Notable Earnings for 05/07/2026:
Pre-Market Earnings:
ACM Research (ACMR)
ARKO (ARKO)
Blackstone Secured (BXSL)
Datadog (DDOG)
McDonald’s (MCD)
TripAdvisor (TRIP)
Planet Fitness (PLNT)
Allergro MicroSystems (ALGM)
Shell plc (SHEL)
After Market Earnings:
CoreWeave (CRWV)
IREN Limited (IREN)
Opendoor Technologies (OPEN)
Coinbase Global (COIN)
MercadoLibre (MELI)
Affirm Holdings (AFRM)
Toast (TOST)
SoundHound AI (SOUN)
McKesson (MCK)
Wrap up
This is going to be an absolutely amazing day. I am not sure which direction the markets are headed, hopefully up, but any day is whatever energy you put into the day. As long as you know you are going to have an amazing day and can manifest that energy, life is good. Life is great. Much love, everyone. Continue to capitalize on these conditions and this momentum, and realize some gains.
Good luck trading, and let’s print some more money!