HaiKhuu Daily Report - 05/19/2026
Good morning and happy Tuesday! T-Minus one more day until $NVDA earnings! Markets have been caught in a tight consolidation around this $740~ range, and $SPY only continues to display signs of neutrality and chop. Hopefully, everyone has survived the slow confusion of yesterday and is ready for today!
Markets are continuing its game of neutrality at this level, while actively testing the daily conversion line support.
Please tread lightly leading into today and prepare accordingly for continued neutrality, chop, and difficult general conditions. I am not attempting to be bearish or get any of you bearish in these conditions, but understand the difficulties that the large majority of traders are going to be facing leading into today, and do everything you can to capitalize on the opportunities presented to us.
Try to stick to single-name momentum-based plays today. Single names will be easier to navigate while there is continued chop and neutrality, so tread lightly, practice safe risk management today, and prepare for confusion and neutrality. Hope for the best, but prepare for the worse!
Good luck trading today, and let’s see where the markets take us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $738.67
Baseline Support: $713.06
Psychological Support: $700
All-Time High: $749.53
Daily Cloud Support: $663.56
Thoughts & Comments from Yesterday - 05/18/2026
Yesterday was a hectic time for the general markets. There was weakness, chop, and neutrality, making the overall day extremely difficult to navigate and bloody for the large majority of traders. Hopefully, you did not get caught in the chop, but I can tell you with almost 100% confidence that the large majority of traders who attempted to trade yesterday got caught in the volatility, so hopefully you all were able to capitalize on these conditions and survive yesterday!
We started yesterday with $SPY trading at $739.76; market conditions were looking alright as $SPY was ever so slightly green, and from open, it was clear that this was going to be a neutral and choppy day. Within the first hour of the day, we watched as $SPY dropped about $2 and rallied about $4 from the bottom to make the official high of the day, trading at $741.40.
Market conditions at the top were mild at best as $SPY really did not display much bullish momentum, and then throughout the entire day, we watched as there was mild, continued bearish momentum.
We dropped from the official high of the day, dropped leading into the lunchtime lull, dropped after the lunchtime lull, and dropped again into the back half of the afternoon. Leading into power hour, $SPY made the official low of the day, trading at $733.40.
Everything was absolutely disgusting. There was no sign of a reversal. We broke below the daily conversion line support, and everyone was nervous… excited by the fact that with a tinfoil hat, I was predicting that despite the weakness, we would come up and break back out to be able to retain the daily conversion line. And minutes after I spoke that into existance, we got news coincidently that DJT stated he is not going to attack Iran Tomorrow (Today), which resulted in a slight pop in the markets that was quickly sold off, but then once again leading into close we were able to predict that the markets were going to break out, resulting in us breaking out, reclaiming the daily conversion line, and absolutely confusing people with how insanely accurate those predictions were.
We went on to officially end the day with $SPY trading at $738.65, down $0.50 from the previous close, or down 0.07% overall, right at the daily conversion line support.
I would say that, overall, yesterday was an absolutely disgusting day for the general markets. Yes, there was overall neutrality, but there were no great opportunities to trade. If you caught the rally during power hour, that was really the only great opportunity to go long; anyone who caught it until that point got chopped, and most likely stopped out of their positions. Hopefully, no one incurred any sort of significant losses yesterday, and hopefully, you all were able to get out of yesterday relatively unscathed. We will see where the markets decide to take us today, and have an amazing time in the process! Let’s see what the markets have in store for us today, and have an amazing time!
S&P 500 Heat Map - 05/18/2026
Thoughts & Comments for Today - 05/19/2026
Today is going to be another tough time for the general markets. We have continued to remain in this state of neutrality and chop at this $740 level, and if we continue to consolidate, please look to expect a larger directional move. I am not sure necessarily which direction we are headed, but with the way things are currently trending, it is almost hard not to expect a continuation of this chop in this range.
Hopefully, we do see a larger directional breakout with positive news, but please continue to tread lightly, as we will continue to display neutrality until there is any confirmation of a direction, and even after that happens, expect rejections and short-term chop and stops.
If you are attempting to trade in these conditions, please continue to look to trade single-name directional organizations. In these conditions, I am going to expect continued neutrality from the indexes. I am not saying that single names are necessarily a “better” play, but you will see larger directional moves coming from single-name stocks. Look to follow trends and follow general momentum. There will be organizations that will sell off, and there will be organizations that ultimately break out. The hardest part is spotting everything in real time and watching everything unfold in real time.
I always warn this, but please make sure to practice safe risk management in these conditions. People are continually getting wiped out across the board due to these conditions, and as much as I hate admitting it, that’s just the reality of these conditions. Please, understand the risks that are associated with allocating at this level, remain a skittish bull, but make sure you do your due diligence prior to entering into any positions in these conditions. Many people are going to get wiped out in the short term by small bad trades, as bad as this sounds, so as long as you don’t make bad trades, you will be a step above the majority of traders.
One thing I will add, in addition to the previous warnings, is that we are still seeing weakness coming out of these huge chip & AI Infrastructure organizations. I am not trying to be bearish in these conditions, but we are seeing weakness form while these equities are priced extremely high. Hopefully, they continue to move up, causing more bullish sentiment to be driven, but the price they are trading at is at an irrational high, so consider that before attempting to enter into these organizations, especially if you are attempting to purchase them for the first time at this level.
Look to find deep value. This is obviously easier said than done, but you will find opportunities either on a larger scale or even being oversold intraday to allow that value.
Protect your bottom line on days like today, but look to capitalize on the opportunities that are available while traders are confused, scared, and don’t know how to allocate.
This is going to be a great day, so let’s capitalize on the opportunities and have an amazing time!
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 05/19/2026 (ET):
Pending Home Sales - 10:00 AM
Notable Earnings for 05/19/2026:
Pre-Market Earnings:
Home Depot (HD)
Amer Sports (AS)
KE Holdings (BEKE)
Bilibili (BILI)
Hesai Group (HSAI)
LuxExperience B.V (LUXE)
After Market Earnings:
Toll Brothers (TOL)
Keysight Technologies (KEYS)
CAVA Group (CAVA)
Auna S.A. (AUNA)
James Hardie Industries (JHX)
ZTO Express (ZTO)
Red Robin Gourmet Burger (RRGB)
Wrap up
These market conditions are going to be extremely difficult to navigate, and traders will experience neutrality and chop today. That chop is going to be unfortunate and difficult for many traders, so please continue to tread lightly on these market conditions and prepare accordingly for that inconsistency. Again, I am not trying to get any of you to become bearish, but simply warning you about these conditions. Tread lightly, practice safe risk management, and make the most out of today!
Good luck trading, and hopefully we break out of this consolidation!