HaiKhuu Daily Report - 06/04/2026
Good morning and happy Thursday! Man, this has been an absolutely insane week for the markets, and we aren’t over just yet! General market conditions aren’t looking their best at the moment as markets are down slightly at the time of writing this report, but war tensions are increasing, and organizations like $AVGO are diving despite a minor earnings beat.
Today is going to be volatile, so please continue to tread lightly and practice safe risk management at this time. Traders will be presented with opportunities to scalp and trade on an intraday basis, so please continue to look for deep value in these current market conditions and prepare accordingly for some volatility.
These conditions are going to be difficult to navigate today, so please tread lightly, practice safe risk management, and prepare accordingly for inconsistencies throughout the day.
This is going to be an interesting day, so make the most of the opportunities presented to us, and let’s have a great time!
The updated $SPY daily levels are as follows:
Conversion Line Support: $747.14
Baseline Support: $734.38
Psychological Support: $750
Previous All-Time High: $760.40
Daily Cloud Support: $686.47
Thoughts & Comments from Yesterday - 06/03/2026
Yesterday was a bloody day for the general markets, and traders had difficulties, resulting in weakness coming directly from AI. Organizations dropped quickly, and many traders unfortunately got caught in the bearish wave and sentiment in the process. Hopefully, everyone was able to survive the short-term volatility of these market conditions and was able to realize some gains in the meantime.
We started yesterday with $SPY trending down right from open. Opening the day at $758.24. Markets were down from the top and only continued their bearish momentum from open. Obviously, conditions were less than ideal, and conditions only continued to weaken throughout the entire morning. Selling slowed down around the lunchtime lull, but we remained in that slight bearish trend. $SPY did make the official low of the day, trading at $753.58 during the lull, and started to recover slightly towards the back half of the afternoon.
We watched as $SPY went on and recovered to $756, leading into the back half of the afternoon, before ultimately coming back down leading into close, where we officially ended the day with $SPY trading at $754.24, down $5 overall for the day, or down roughly 0.7%.
What I will say about the market conditions of yesterday is that general markets were difficult to navigate, and traders could have easily realized losses, assuming they allocated improperly or simply allocated in the wrong organizations and rode a bearish trend that never reversed. Hopefully, you all were able to survive the volatility of last week and are prepared accordingly for the uncertainty of today, because this is going to be a hectic time!
S&P 500 Heat Map - 06/03/2026
Thoughts & Comments for Today - 06/04/2026
Today is looking like a nasty day for the general markets. War news is increasing tensions, oil prices have spiked, and traders are in a state of euphoria as PDT has been removed. This is going to be an absolutely insane time for the general markets, and I am genuinely excited to see where the markets go from here. Please, continue to tread lightly on these current market conditions, and prepare accordingly for what is going to be an interesting time for the markets with a significant amount of volume, irrational trades, and inconsistencies.
So, now that PDT has been removed for traders, you all should be excited about these market conditions, but I will warn you all about some of the failures that traders make as a result of this removal. I am not attempting to call anyone out when I say this, nor am I attempting to scare people, but I am going to tell you about my truthful experience having PDT removed almost six years ago at this point, and the cycles that I personally got into once I got PDT removed, and how my trading has evolved since then.
Back in 2020, when I became a “full-time trader,” I deposited enough $ in my account to get above the $25,000 point, and things were great: markets were strong, trading was available, and I felt that I had all of the weight lifted off my shoulders, allowing me an opportunity to genuinely change my life in the markets. And what I will say is a shocker.
PDT is not there to hinder traders who have less than $25,000 in the markets; PDT is there as a safety net for everyone who is attempting to trade without experience in the markets. It is one thing if you could afford to drop $100,000 in the markets and bypass that rule, but it is another if you have $1,000 to your name and $10,000 in credit card debt.
90% of traders are going to lose money as a result of this over the next three months. Of those 10% that survive, 90% of you are going to fail within the first year.
This means that approximately 99% of traders who will have PDT removed will statistically lose money over the course of time. Again, I am not attempting to call anyone out, nor am I attempting to discourage anyone. But the statistics are statistics for a reason.
What is going to happen is that because people are going to overtrade, people are going to fail to take on proper risk management, and simply overleverage positions, get chopped and stopped in the markets, and ultimately end up losing a significant amount in an extremely short period of time without the knowledge or know-how on how to recreate profits. Obviously, this is the worst-case scenario for the large majority of traders, and I genuinely believe that anyone here in the Discord is leagues above the “average” trader, but I am telling you right now with 100% confidence that the majority of retail traders are going to struggle as a result of this change, and I hope for the best for everyone.
If you are now impacted as a result of this removal, congrats on the new freedoms, but these are going to be my recommendations and warnings to you.
If you were not consistently successful attempting to trade with 3-day trades, why do you believe that having access to more day trades will change your life?
You should not say, " Hey, you CAN make more trades now, but rather that you should look at this and see that you now have more solvency to trade. You won’t be stuck in a position where you’ve done three-day trades and cannot do a 4th on the technicality that you’d get flagged.
Look to make LESS trades, but look to have more confidence in the trades that you are making. Quality > Quantity, mostly when it comes to actively trading.
So please, be smart and rational while attempting to trade and allocate in the markets today, as this is going to genuinely be a life-changing experience for many traders in the markets. Good luck to everyone, and let’s see who can accomplish the most with this restriction now removed!
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: $MU, $AMD, $MRVL, $ORCL, $INTC, $TSLA
Speculative: $PTLO, $RIVN, $NKE, $RBLX, $CELH
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 06/04/2026 (ET):
Initial Jobless Claims - 8:30 AM
U.S. Productivity - 8:30 AM
Notable Earnings for 06/04/2026:
Pre-Market Earnings:
Ciena (CIEN)
Columbus McKinnon (CMCO)
Orion Lighting (OESK)
Toro Company (TTC)
X Energy (XE)
After Market Earnings:
Rubrik (RBRK)
Planet Labs (PL)
Docusign (DOCU)
lululemon (LULU)
Samsara (IOT)
Concrete Pumping (BBCP)
CooperCompanies (COO)
Guidewire Software (GWRE)
Quanex Building Products (NX)
Wrap up
This is going to be a hectic day for the general markets. With PDT removed, many traders are going to experience “freedom” for the first time in the markets, and many traders are going to have an interesting experience as a result. Please, tread lightly on the short-term volatility, and prepare accordingly for what is going to be some irrational market volatility.
Good luck trading, and let’s see what you all can accomplish today!