HaiKhuu Daily Report - 06/08/2026
Good morning and happy Monday! Wow, the weekend flew by, and we are all back here, ready to see where the markets want to take us! Well, markets are back up slightly after the insane bearish momentum we experienced last Friday. Conditions are only continuing to remain volatile as market conditions are “less” than ideal, but you all need to remember that in reality, these market conditions are exceptionally strong, and you should continue to remain both comfortable with your allocations and confident in your ability to navigate this volatility.
I’ll talk more about the general uncertainty that we are going to experience later on in the report, but for now, prepare for what's going to be an inconsistent yet extremely fun week for the markets. AND if you’ve not checked out the WEEKLY PREVIEW, check it out for all of the earnings & economic news for the week!
Let’s see what this week has in store for us and make the most of it!
The updated $SPY daily levels are as follows:
Conversion Line Support: $747.96
Baseline Support: $735.42
Psychological Support: $750
Previous All-Time High: $760.40
Daily Cloud Support: $690.71
Thoughts & Comments from Last Week
Last week was an absolutely disgusting time for the markets despite not looking overly bearish leading into the week. The selling that occurred was expected, but the timing was not. Hopefully, you all survived last week’s volatility, and nothing of significance was lost.
So, we started last week with $SPY trading at $755.43. Market conditions were strong, traders were confident, and we watched as there was genuine bullish momentum to start the week strong. $SPY went on and made a new all-time high on Monday, and continued to look exceptionally strong afterward as we continued to move up and had a beautiful Tuesday.
$SPY rallied on Tuesday and only continued to make new all-time highs in the process. We went on to make the official all-time high trading at $760.40, and market conditions were looking absolutely amazing.
Everything was great, traders were confident, and PDT was about to get removed. Markets were looking strong, despite dropping slightly on Wednesday, and watching as we gapped down on Thursday to test the daily conversion line support before the markets showed any signs of a reversal. We bounced slightly off the daily conversion line on Thursday and recovered nicely, retaining $750 and continuing to look generally strong.
The tough part is what happened on Friday.
Markets were looking alright leading into Friday, $SPY was trading at $757.09, and was essentially neutral from open on Monday, and we started Friday with $SPY dropping slightly, opening the day trading at $752.31. After opening, things only weakened, and we watched as major support level after major support level was sold off, and watched as anyone who attempted to buy the dip continued to get absolutely NAILED on the way down.
Everything was disgusting, traders got obliterated, and conditions were terrible. We watched as $SPY dropped so hard that we went on and tested the daily baseline support and made the official low of the day, trading at $735.52.
We bounced slightly off the official low of the day, but retained the large majority of the losses, and ended the week with $SPY trading at $737.55, meaning that $SPY dropped $20 alone on Friday, and was down approximately $18 for the entire week. Traders got destroyed, momentum traders could have printed, and the bears had their shot. $SPY dropped 2.5% over the course of last week, with essentially everything that was sold off happening on Friday.
Assuming you are enjoying this report, that means that you survived Friday. Congrats on surviving Friday and last week, congrats on surviving a new all-time high, and I hope you are ready to see what the markets will have in store for us today! So let’s enjoy the opportunities that are going to be presented to us and make the most of the volatility!
S&P 500 Heat Map - Last Week
Thoughts & Comments for Today - 06/08/2026
Today is going to be a confusing day for the general markets. We are experiencing minor strength during the pre-market session, so the question now is, are we going to recover from this point? Or are we going to see a continuation of this general bearish momentum? We are watching as tech organizations that were hit heavily on Friday recover slightly, but these conditions are going to be exceptionally difficult to navigate.
Risk management is going to be key to your success; this comes in multiple forms, including both the sizing of the position and which organizations you are entering. There is going to be a lot of short-term trend-based moves in these market conditions, and as a result of that, traders are going to be provided with both opportunities to ride momentum and opportunities to unfortunately get burnt in the process.
Please, continue to practice basic risk management and protect your bottom line in these conditions because those who are overleveraged or overallocated will have a difficult time.
Now, before I say what I am about to say, I need to remind you all that these market conditions are strong and that traders should not be nervous. But these market conditions have come down heavily from the top and can easily continue to come down. Obviously, I want to be bullish and optimistic, but with the way the markets are looking right now, I need to warn you all about the realistic possibility that can occur.
In the case that we get negative news regarding AI, the war, or general investor fears, we can easily watch as the markets continue to come down. Obviously, these conditions are not the “easiest” to navigate, but with a lot of the risks that are involved in these conditions, just know that downside risk is a real possibility, and we can watch as the markets drop 10%+ from this level in the case that anything does go wrong.
Again, I am not trying to be overly bearish, but that is just the reality of these conditions and is a risk associated with allocating at this level. So please, tread lightly, practice safe risk management, and understand that despite the strong market conditions, things can easily weaken.
The next levels I will be watching for $SPY are both $750 and $700. I believe that in reality, with the current placement of the markets, we are either going to see a nice bounce from the daily baseline support after stopping kids out, or watch as this little bounce we are seeing right now in the markets ends up being a quick fake out resulting in the markets getting people to FOMO in, before dropping back down, breaking support and selling off.
This really is a coin flip attempting to allocate in these conditions now, so please be rational during this time because many of the irrational traders are going to be the ones that are burned the hardest. Have fun, make the most of it, but be safe.
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: $AVGO, $MU, $AMD, $MSFT, $ORCL, $INTC, $TSLA, $PLTR
Speculative: $PTLO, $RIVN, $NKE, $RBLX, $CELH
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 06/08/2026 (ET):
No News Scheduled
Notable Earnings for 06/08/2026:
Pre-Market Earnings:
FuelCell Energy (FCEL)
Campbell Soup (CPB)
Duluth Holdings (DLTH)
Graham Corporation (GHM)
After Market Earnings:
Vail Resorts (MTN)
Mission Produce (AVO)
Gloo (GLOO)
Mama's Creations (MAMA)
Wrap up
These conditions are going to be difficult to navigate, but in reality, with the opportunities that will be presented to us, life is going to be good, and these opportunities are going to be great. Tread lightly, practice risk management, and realize some gains. Never fight the momentum, and make sure to follow the trend. This is going to be an amazing day, so go realize some gains and have some fun.
Good luck trading this week and realize some gains!