HaiKhuu Daily Report - 05/18/2026
Good morning and happy Monday!!! I hope you all had a wonderful weekend and are ready for an interesting time in the markets! We are currently trending towards the previous all-time high, yet the markets are displaying short-term weakness. We finally broke out of that $740 range last week and made a new all-time high, yet somehow we are right back to where we started.
Markets are not looking the best leading into open as all indexes are down at the time of writing this report, and this could be another difficult day for the general markets. Please, continue to practice safe risk management and tread extremely lightly today. I am not trying to be bearish or pessimistic, but current market conditions are not looking overly bullish or favorable.
I’d continue to remain a skittish bull in these conditions, as there is no confirmation that we are coming down, but with the momentum building right now, it is not bad to be overly prepared for possible downside in the markets. Please tread lightly on these conditions due to the volatility we are experiencing, and prepare accordingly for irrationality across the board.
We do have $NVDA earnings this WEDNESDAY after hours, so prepare accordingly, as that is going to be the largest catalyst for this entire week! If you’ve not seen the other earnings and economic news that is scheduled, make sure to check out the WEEKLY PREVIEW!
Make the most out of the volatility that will be provided to us this week, and let’s have an amazing time!
The updated $SPY daily levels are as follows:
Conversion Line Support: $735.51
Baseline Support: $713.06
Psychological Support: $700
All-Time High: $749.53
Daily Cloud Support: $663.56
Thoughts & Comments from Last Week
Last week was an interesting time for the general markets due to the insane volatility we experienced. Traders could have easily capitalized on both bullish and bearish trends, while on an intraday basis, scalpers and day traders had a tough time due to chop and inconsistent market conditions. The average trader should have been able to realize some gains last week, but I will say it was a generally difficult time for the majority. Hopefully, you had some fun and were able to realize some gains!
We started last week with $SPY trading at $736.69. Conditions were alright on Monday as markets were mildly bullish. $SPY moved up slightly to test $740, but nothing of any major significance occurred. Things started to get spicy, though, leading into Tuesday, as $SPY went on to make the official low of the week, trading at $731.83, making trading gross for an extremely short period of time, before recovering slightly, leading into Wednesday, where we started the bullish trend for the week.
$SPY rallied through Wednesday, making the official high of the day, leading into close at $743.91, before rallying and making a new all-time high on Thursday.
Markets were beautiful on Thursday as $SPY continued a beautiful bullish trend through the morning, and made the official all-time high, trading at $749.53, before remaining relatively neutral and choppy throughout the rest of the day. Things were great, market conditions were beautiful, ending the day on Thursday, and then Friday came in and shot us down.
So on Friday, the China talks ended, and there was no overly bullish sentiment driven, and as a result of that, we watched as market conditions weakened overnight and generated an extremely slow and choppy bearish day for the markets. $SPY started the day trading at $741.81, down about $7 from the previous close, and remained extremely neutral and choppy on an intraday basis. We essentially remained around that $740 point throughout the entire day, where there was some mild bullish momentum towards the back half of the trading day, before things sold off once again, leading into close, where we officially ended the day with $SPY trading at $739.17, down $9 for the day, or down roughly 1.2%.
I would say it was a “tough” week for the markets, but $SPY ended the week up $2.50 overall (+0.34%), so despite the intraday day volatility some of us experienced, it was almost hard not being able to capitalize on the conditions of last week. Hopefully, you all were able to capitalize on the short-term volatility and enjoyed the opportunities presented to us last week! Let’s see where this week takes us and enjoy!
S&P 500 Heat Map - 05/15/2026
Thoughts & Comments for Today - 05/18/2026
Today is going to be a rather interesting time for the markets. We’ve seen weakness during the pre-market session and through the end of last week, so hopefully that trend doesn’t continue and give us a tough time this week. Obviously, that is the hope, but in reality, you know conditions are going to be different. There is currently so much blind optimism in the markets at this point that I genuinely believe that many traders have forgotten about the fact that we were at 52-week lows just a month ago, where everything was at a discount, and no one wanted to buy, yet after everything has made a new all-time high by 5%, things look like a buy?
This is obviously backward in my mind, yet it sounds like sound logic to a lot of traders.
Please be extremely careful in these market conditions, especially if you are looking to allocate heavily into long equity positions at this level. Anyone who buys and holds any of these tech organizations at these all-time highs, in my opinion, has the right idea, but has not been able to execute properly. It is great holding these organizations that have been trending for a month straight; the only issue is when you are purchasing organizations that have already rallied for a month straight…
So tread extremely lightly on these conditions, but continue to remain optimistic.
The large majority of the markets are overvalued in my opinion, but that does not mean that there will not be deep value discounts that will become available, nor does that mean we won’t get intraday scalping and day trading opportunities. If anything, in these market conditions, trades become more available. There is increased volatility at these levels, and assuming you are trading higher-beta stocks, this means larger dollar moves on an intraday basis, making this one of the BEST times to scalp, as any realized gains have exponential potential in these conditions.
But quicker gains are a double-edged sword, because in the case that you are incorrect about your allocation, the losses will be quicker and the amount lost will be larger.
Make sure to tread lightly, practice safe risk management, and do everything in your power to maximize the potential provided to you. There is a lot of ongoing news that can impact us, including the current administration, war news, global trade news, and the health scares that are occurring. Please, just continue to remain optimistic despite the slight weakness traders are experiencing, but be realistic with your expectations.
Anyone and everyone can realize gains consistently today, so let’s have some fun and make the most out of the opportunities presented to us 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: $NVDA, $ORCL, $AMD, $INTC, $TSLA, $SMCI, $PLTR
Speculative: $PTLO, $RIVN, $GAP, $NKE
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 05/18/2026 (ET):
No News Scheduled
Notable Earnings for 05/18/2026:
Pre-Market Earnings:
Baidu (BIDU)
Compugen (CGEN)
Duoes Technologies (DUOT)
iQIYI (IQ)
ReNew Power Private Limited (RNW)
After Market Earnings:
Agilysys (AGYS)
FatPipe (FATN)
Wrap up
Today is going to be a hectic day for the markets, and this week is going to be an extremely volatile week. Hopefully, you all are prepared for the inconsistencies that will be provided to us and are ready for what the markets have in store. Please prepare for volatility, and make sure to protect your bottom line. This is going to be tough for many traders, but at least we can remain hopeful and assume the best! So, realize some gains this week and have a great time!
Good luck trading, and let’s kill it this week!