HaiKhuu Daily Report - 05/28/2026
Good morning and happy Thursday! Wow, this week has been flying by, and these trading conditions are getting choppy here at $750. I hope you all are ready for some more volatility as we prepare accordingly for today! These market conditions, as warned, are continuing to remain difficult, and we know that regardless of what is going on at the moment, we need to wait for a strong catalyst to get the markets to break out with confidence.
Please continue to tread lightly until there is confirmation of direction at this point, because, as bad as this sounds, until we get that confirmation, conditions will remain difficult to navigate, as we will ultimately get slow chop and consolidation. Once we get a confirmation of a direction, simply follow the trend and have a great time. Until then, tread lightly and make the most out of this short-term volatility.
It will be interesting to see what the markets do today. Hopefully, we don’t see a major rejection of this level, so tread lightly and practice safe risk management.
Good luck trading today, let’s see where we go after this $750 on $SPY!
The updated $SPY daily levels are as follows:
Conversion Line Support: $741.83
Baseline Support: $727.21
Psychological Support: $750
Previous All-Time High: $752.13
Daily Cloud Support: $681.38
Thoughts & Comments from Yesterday - 05/27/2026
Yesterday was an absolutely disgusting day for the general markets. Conditions were tight and choppy, and the average trader had difficulties actively navigating. There was volatility and momentum in single-name stocks, but many traders struggled when attempting to trade indices. Hopefully, you all were able to catch some of the strong momentum in the markets and realize some gains yesterday!
We started the day with $SPY trading at $750.82, conditions weren’t the best, as we were relatively neutral going into the day, and it was very clear from the get-go that this was going to be another tight and choppy day.
Markets dropped right after open, watching as $SPY dropped below #750, but was able to quickly pop back up within the first hour or so, making the official high of the day trading at $750.82. All of the single names I was watching at the time were acting beautifully, yet $SPY wanted to remain slow and choppy. After making the official high of the day, we dropped leading into the lunchtime lull, and watched as we popped and chopped around that $750 through the rest of the day.
We went back and hit $750 in the beginning of the afternoon, but it was quickly sold right back off, and leading into the afternoon, we watched as $SPY went on and made the official low of the day, trading at $748.23, before popping back up and chopping around.
Leading into close, conditions remained disgusting, but we watched as $SPY officially ended the day trading at $750.46, down $0.13 for the day, down 0.0017% overall.
What I will say about yesterday's market conditions is that, despite the consolidation and chop we experienced on $SPY, there were also some absolutely insane opportunities to actively scalp and day-trade momentum. Hopefully, you all were able to realize a significant amount of gains yesterday and were able to dodge the chop and neutrality. Conditions will remain sketchy during this time, so please tread lightly and practice risk management, but make the most of this uncertainty and have some fun in the process! We will have a lot of fun today.
Thoughts & Comments for Today - 05/28/2026
Today is going to be a tougher day for the markets. We’ve talked about the difficulties to expect in these conditions, but man, going into today, things are looking tough. Please, continue to practice risk management and tread lightly on these conditions as I am personally expecting neutrality, chop, and inconsistencies in the markets here in the short term, which is ultimately going to make trading difficult for the large majority of individuals today.
I am going to warn you that $SPY here at this $750 range is an extremely sketchy range that you all need to prepare accordingly for. We’ve continued to chop at this level, and I genuinely believe we are going to chop at this level until there is a directional move. Traders are going to continue to have a difficult time while attempting to navigate these short-term movements, but until we get a strong catalyst that results in the markets moving up and breaking down, I will say that I believe that the upside potential is heavily limited.
We are not attempting to scare you when we say this, nor are we attempting to get you to be bearish. These market conditions are strong and will continue to remain strong. We are at levels that we’ve never been before, and realistically, the markets are only going to continue to move up. The issue is we need that catalyst to move up, and no one knows exactly what it is going to be.
I genuinely believe that retail traders are going to be the answer for the markets to break out in irrational ways, as the solvency that is going to be provided after PDT is removed is going to be significant, but at the same time, the time horizon for that thesis is going to take a little time to come to fruition.
So we need to look for reasons and catalysts for the markets to move here in the short term. I will warn you, in the case that there is no catalyst for the markets, yet there is a directional move, please expect that move to be BEARISH at this level. We will NOT see any unjustified breakouts in the markets, mostly at this level, and the only large directional move we can have without a catalyst is going to be bearish selling.
Again, I am not trying to get you to be bearish, but I am trying to remind you that these market conditions are extremely tough to navigate. We are going to see a lot of chop and consolidation, which ultimately results in losses being generated and traders having a tough time.
Stay optimistic, but understand the reality of these current levels in the markets. Hopefully, nothing significant is lost in the case that things aren’t as great, but at the same time, be optimistic because once we do inevitably break out, markets will continue to rip to insanity, and provide us with insane opportunities and realized gains. So, let’s have some fun and see where the markets want to take 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: $SNOW, $MU, $AMD, $MRVL, $ORCL, $INTC, $TSLA, $PLTR
Speculative: $PTLO, $RIVN, $NKE, $RBLX, $CELH
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 05/28/2026 (ET):
Initial Jobless Claims - 8:30 AM
Durable Goods Orders - 8:30 AM
New Home Sales - 10:00 AM
Notable Earnings for 05/28/2026:
Pre-Market Earnings:
Best Buy Co (BBY)
Photronics (PLAB)
Hormel Foods (HRL)
Canadian Imperial Bank (CM)
Kohl's (KSS)
XPENG (XPEV)
Burlington Stores (BURL)
Build-A-Bear Workshop (BBW)
TD Bank Group (TD)
After Market Earnings:
Dell Technologies (DELL)
UiPath (PATH)
MongoDB (MDB)
Costco Wholesale (COST)
Autodesk (ADSK)
Okta (OKTA)
Gap (GAP)
NetApp (NTAP)
American Eagle Outfitters (AEO)
Wrap up
These market conditions are going to be difficult to navigate in the short term, but they provide us with so many opportunities to realize gains in the grand scheme of things. Tread lightly on the short-term intraday momentum, but remember to step back and continue to enjoy the opportunities the markets WILL bring in time. These conditions are going to be tough, but as long as you are remaining solvent and having an amazing time, I don’t see why we cannot continue to win!
Good luck trading, and let’s see where the markets take us today!