HaiKhuu Daily Report - 05/08/2026
Good morning and happy Friday! MAN, this week has absolutely flown by, and traders are excited about today. Markets just hit a new all-time high, and hopefully, we hit another one today. Markets are up nicely during the pre-market session, and it seems that these conditions are only going to continue to strengthen while showing us volatility in the meantime. Please, tread lightly and practice safe risk management during this time.
Market conditions are going to continue to be less than ideal here in the short term, not because there is no strength, but due to the active pricing and short-term inconsistencies we are seeing.
Continue to protect your bottom line and prepare for general volatility, but look to capitalize on the opportunities presented to us. As I said, we continue to kiss new all-time highs, so there will be opportunities presented to us consistently to trade. Make the most of it, have an amazing time, and look to print some money.
Good luck trading today, and let’s see where the markets take us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $722.25
Baseline Support: $690.62
Psychological Support: $700
Daily Cloud Support: $663.56
Thoughts & Comments from Yesterday - 05/07/2026
Yesterday was an absolutely wild and inconsistent day for the markets. Conditions were looking amazing and provided us with opportunities to trade, allocate, and ride a new all-time high. Despite the opportunities, we were caught up with some whiplash afterward and ended with the markets having quite the intraday momentum. Hopefully, you all survived and can reflect accordingly on the volatility of yesterday.
We started the day with $SPY trading at $735.13, market conditions were alright as we made a new unofficial all-time high in the process, yet watched as there was a slight dip after open. Conditions were obviously less than ideal, but thankfully, the selling that occurred was short-lived and was easily recovered. Within the first hour, market momentum looked strong again as $SPY continued to break new highs, where we went on and made the official high of the day and a new official all-time high leading into the lunchtime lull, trading at $736.12.
Market conditions at the top were great. Then the lunchtime lull happened. News started to hit the headlines, markets continually dipped from the top, and there really was no sign of a reversal. Conditions were tough as we continued to sell off through the lunchtime lull, through the beginning of the afternoon, and slowly chopped towards the back half of the day. We then went on to watch as $SPY made the official low of the day in the back half of the afternoon at $729.75, before bouncing back up leading into close, where we officially ended the day trading at $731.58.
Overall, $SPY dropped $2.25 for the day, or roughly 0.3% overall. What I will say is that the thesis of $SPY kissing new all-time highs just continues to happen as the markets continue to rally and remain in a state of irrationality. I hope that you all were able to capitalize on these conditions and realize some gains confidently in the short term. It was an insane day with opportunities left and right, so hopefully you had an amazing time and realized some gains. So let’s see where the markets decide to take us today, and have an amazing time!
S&P 500 Heat Map - 05/07/2026
Thoughts & Comments for Today - 05/08/2026
Today is going to be either an absolutely insane day as the markets prepare to rip into the end of the week, or we are going to watch as everything unfortunately comes down crashing and burning. Please, tread lightly and protect your bottom line on a day like today. I know I say this consistently in the community, but please make smart decisions. I talk to people everyday that are having difficulties in the markets, not because the markets are bad, or they are necessarily bad traders, but they are people who know how the markets work, understand how positions work, and just get unlucky. A mixture of unprepared and unlucky will result in someone who will get slaughtered.
I know I sound like a broken record, but I say this for a reason. Be smart, stay away from 0-DTE contracts if you don’t understand the risk you are taking on, and size into a position proportionally. No one should look to take on a significant amount of risk in the markets in the short term, nor should anyone be looking to hyper-leverage their accounts unless they have almost a 100% certainty. All you have to remember at the end of the day is that, regardless of any losses or gains you generate, this is YOUR life you are impacting, so continue to remain solvent in the short term and continue to prosper. Also, you cannot win if you’ve lost your entire portfolio. So just something to consider, as bad as that sounds.
But, back to these market conditions. So, ideally we continue to move up and rally, but as I have said, I am extremely skeptical of these conditions and recommend everyone to remain a skittish bull at this time. Conditions are strong, yet extremely difficult to attempt to allocate into at this point. Traders will be extremely inconsistent, and as a result of those inconsistencies, we will see a continuation of difficulties across the board. Some people will absolutely print money capitalizing on these conditions, while others are going to unfortunately generate a significant amount of losses.
I hope that there is an irrational market break out, but as I have said before, we will most likely continue to slowly trend up in these conditions until there is a reason for us to come down, and in the case that we come down, that downside is going to be extremely violent and the majority of people are not going to be able to predict it or account for it to happen, and as a result will generate significant losses. I do not believe there is any good reason for the markets to irrationally rally from this point, and in reality, with the difficulties we are experiencing, any irrational movement that happens without cause, statistically will be towards the downside. Again, I am not trying to scare you all or attempt to get you to become bearish, just saying it how it is in these conditions.
One play I am going to consistently talk about on these Fridays is the fact that you should stay away from 0-DTE option contracts today, until 0-DTE options become worth the risk. I believe that the large majority of traders who attempt to purchase 0-DTE options today, regardless of direction, assuming they all enter around open, are going to statistically lose on their position. 0’s are too expensive, while ranges are too narrow, making it extremely difficult and inconsistent to trade and allocate into. BUT, there are still opportunities, in my opinion, to make 0-DTE contracts worth the risk.
Before I say this strategy, I just want to remind everyone that I am not a financial advisor, nor is this a signal to buy or sell anything. I am just here to give out recommendations on where to look, but look into attempting to trade 0-DTE’s right before close. Within the final half-hour/hour or so in the day, look for extremely niche opportunities. I will be looking for extremely high beta organizations that have displayed general neutrality leading into close, making the premium on the said contract extremely low. I want to find an organization that is trading right under a major resistance zone that shows the potential for a breakout, and I want to get these contracts for pennies on the dollar, right before we have a large, irrational breakout. Obviously, on paper, this all sounds easy, but in reality, it is extremely difficult to accomplish. Let me kind of walk you through the idea:
Example: Stock is trading at $49.89, it is 30 minutes before close, it looks like there’s a chance for the organization to break out, yet the 0-DTE 50C is trading at $0.09, markets don’t expect a large directional move, so they price it accordingly. I go and purchase 10 contracts for $100 TOTAL, and ride my bet. In the best-case scenario, let’s say the stock moves up $1-2, then you are going to be up $1-2,000 on your $100 position, but in the case you are incorrect, the downside risk is only $100 in this scenario. So the opportunity is there, it may not be that easy nor that simple, but you get the premise of the idea. I cannot guarentee that this works, nor can I promise you anything, but I can tell you that in reality, with the conditions the markets are in, this strategy is worth the risk, assuming you can play your cards right. I’ll try to find some plays in the final hour of the day that match this specifically, but no promises.
Just make sure to make the most out of today, and let’s have an amazing time!
(Side note - I do need to leave a little after open to drop my car off at service, sorry)
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 05/08/2026 (ET):
U.S. Employment Report - 8:30 AM
Unemployment Rate - 8:30 AM
Hourly Wages - 8:30 AM
Wholesale Inventories - 10:00 AM
Consumer Sentiment - 10:00 AM
Notable Earnings for 05/08/2026:
Pre-Market Earnings:
Wendy's International (WEN)
Dauch (DCH)
Enbridge (ENB)
AMC Networks (AMCX)
Global Partners (GLP)
Fluor Corp (FLR)
Wrap up
This is going to be an amazing day for the markets. This has been an absolutely insane week with crazy volatility. Please continue to tread lightly, practice safe risk management, and follow these conditions accordingly. This is one of the best times to be actively trading in the markets, so have some fun and realize some gains today!
Good luck trading and let’s end this week strong!