HaiKhuu Daily Report - 06/09/2026
Good morning and happy Tuesday! Markets are up slightly this morning, but man oh man, are these some sketchy market conditions. I hope you all are ready for what is going to be another relatively confusing day for the general markets and are prepared for irrational volatility.
Hopefully, the markets only continue to strengthen from here, but we keep bouncing off of major support levels. We have retained the daily baseline support over the previous two trading days, while also retaining the $SPY $740 magnet zone. Please be careful in these conditions, but remain optimistic and hopeful that there is a recovery in the markets from this point, and a beautiful rally.
These conditions won’t be easy to navigate, but I will say that opportunities are going to consistently present themselves to us.
Please tread lightly on the volatility in the current markets, and prepare accordingly for what is going to be an amazing day.
Make the most out of today, and let’s realize some gains!
The updated $SPY daily levels are as follows:
Conversion Line Support: $747.96
Baseline Support: $737.69
Psychological Support: $740
Previous All-Time High: $760.40
Daily Cloud Support: $692.79
Thoughts & Comments from Yesterday - 06/08/2026
Yesterday was a relatively gross day for the general markets. We were green overall, but had a tough intraday movement. Hopefully, you all were able to capitalize on the short-term volatility that was presented to us and made the most out of the momentum that was provided to us. There were some alright scalps that were alerted, but general market momentum was tough to navigate. Definitely wasn’t a perfect day for the markets, but that is simply life.
We started the day with $SPY trading at $743.26. Market momentum was relatively strong after moving up after the selling that occurred on Friday. $SPY opened up roughly +$5 and maintained that level throughout the morning. We broke out slightly leading into the lunchtime lull, where $SPY went on to make the official high of the day, trading at $745.33, but essentially remained neutral from the open price until the early afternoon, where $SPY started to slow down, and traders started to sell off.
There was no major market movement or news that impacted the direction and performance of the markets, and we watched as $SPY went on and continued to slowly sell off towards the back half of the afternoon. We went from trading at $743~ to breaking down to $742~ and chopped in an extremely narrow range, before we dropped once again leading into power hour, where $SPY made the official low of the day trading at $738.19 before recovering slightly leading into close, where we officially ended the day with $SPY trading at $739.22, up 0.23% overall (+$1.67), but watched as there was a -$4 from open price.
What I will say about the momentum yesterday is that it was obviously less than ideal, but again, life is just confusing like that. Market conditions were looking great, momentum was strong during the pre-market session, yet we watched as the markets essentially did nothing overall.
Hopefully, you all were able to survive the volatility and confusion and are ready to see what the markets have in store for us today, because this does look like a possible repeat of yesterday. So let’s see what happens and make the most of the opportunities!!!
S&P 500 Heat Map - 06/08/2026
Thoughts & Comments for Today - 06/09/2026
Today is going to be a rather interesting time for the markets. One of three scenarios is about to happen.
First scenario: Repeat of yesterday - Choppy “neutrality” with no significant movement. This is less than ideal, not as bad as direct bearish movement, but one of the worst, as day traders and scalpers will get chopped and stopped through the day, resulting in losses being generated in hopes of making them back, with no shot of that happening
Second scenario: Directional movement - Bull side, this is obviously the ideal movement, we watch as the markets break out from this consolidation point and show signs of confidence and bullish momentum. We get a directional move, and everyone’s long holdings continually move up, being driven by both bullish momentum and general optimism. This would be amazing for the markets and everyone attempting to allocate.
Last scenario: Directional movement - Bear side, assuming the markets reject this level, get any sort of bad news regarding the war, or watch as there are general fears, we are going to sell off from this point. It would be difficult to see a repeat of yesterday with some choppy bearish momentum on an intraday basis, but it would be worse to see a directional bearish move. Again, this will only come in the case of overly bearish sentiment being driven, or bad news, and would unfortunately destroy everyone attempting to trade in the process. Hopefully this doesn’t occur, but we will need to see what happens in real time.
So, leading into today, please tread lightly. Be optimistic leading into today, but keep your fists up because we are going to have a rocky ride, and we might all need to attempt to fight in the process. These market conditions are strong; traders should continue to remain confident, but at the same time, with the way that everything is trending, it is hard to be overly optimistic.
Look for deep value in the markets, organizations that have been hit heavily over the previous couple of days that show both signs of a reversal, but also have the momentum necessary for a breakout. We had a nice small scalp yesterday on $V as the momentum set up perfectly, but the momentum and return in comparison were not as high as some of the rallying tech organizations of yesterday.
Get into those higher beta tech organizations, ride the necessary momentum, hope that the markets only continue to show general signs of strength and confidence, and be excited about where the markets want to take us today.
In the best-case scenario, expect $SPY to reclaim the $750 support, chop at that level, and watch as we break out. In the worse case scenerio, expect $SPY to come back down to $740 & break below major support levels as we show bearish sentiment. Hopefully, we do not continuously chop on an intraday basis and watch as we have a directional breakout that causes us to print in the process. This is going to be a fun day full of opportunities, so let’s make the most of this momentum 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: $AVGO, $MU, $AMD, $MSFT, $ORCL, $INTC, $TSLA, $PLTR
Speculative: $PTLO, $RIVN, $NKE, $RBLX, $CELH, $TCNNY
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 06/09/2026 (ET):
NFIB Optimism Index - 6:00 AM
U.S. Trade Balance - 8:30 AM
Existing Home Sales - 10:00 AM
Wholesale Inventories - 10:00 AM
Notable Earnings for 06/09/2026:
Pre-Market Earnings:
Academy Sports + Outdoor (ASO)
United Natural Foods (UNFI)
Designer Brands (DBI)
EHang Holdings (EH)
Land's End (LE)
SailPoint (SAIL)
J.M. Smucker (SJM)
Titan Machinery (TITN)
After Market Earnings:
Casey's (CASY)
Cracker Barrel Old Country (CBRL)
BARK (BARK)
Lakeland Industries (LAKE)
Limoneira Company (LMNR)
Skillsoft (SKIL)
Wrap up
This is going to be a spicy day for the general markets with confidence and opportunities presented to us consistently. Look to make the most out of this short-term volatility and hope that this momentum only continues to pick up from here. I don’t want to be overly bullish or try to get your hopes up, but market conditions are looking great going into today, so let’s continue to hope for the best and see where the markets take us today!
Good luck trading, and let’s see where $SPY takes us!