HaiKhuu Daily Report - 06/10/2026
Good morning and happy Wednesday!!! These market conditions are VOLATILE, and I hope you all are ready for what is going to be another INSANE day for the general markets. $SPY is down at the time of writing this report, and honestly, conditions can easily weaken from this level. Please, be extremely careful going into today and prepare accordingly for volatility.
These market conditions are going to be difficult, and many losses will be generated if this is the beginning of a general downtrend in the markets. Please, tread lightly, practice safe risk management, and mitigate as many losses as possible. Anything can happen at any time, including Donald Trump making a comment and heavily impacting the markets.
There is so much uncertainty at the moment that it is going to be essential to make sure that you are managing risk and mitigating as much risk as possible at this time. Anyone who overallocates, anyone who doesn’t understand risk management, and anyone who is prone to overtrading will most likely have a difficult time today and may realize losses.
Be careful today, because this is going to be a sketchy one.
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 - 06/09/2026
Yesterday was a tough day for the general markets with some insane selling and an amazing buy-the-dip opportunity. Anyone and everyone could have realized a significant amount of gains, but navigating the intraday momentum was bloody, and many traders in the process unfortunately realized some losses. I hope you all were able to survive the volatility of yesterday and were able to generate some gains on the quick snap back!
We started yesterday with $SPY trading at $743.62, general market momentum was alright at open, and we displayed strength as $SPY rallied from open, going on to quickly make the official high of the day trading at $746.90. Things were great at the top until we watched $SPY drop $24 straight down.
No sarcasm, $SPY dropped $24 from the official high of the day yesterday to the official low. We dropped through the rest of the morning, dropped leading into the lunchtime lull, and went on to drop once again after the lull ended, where $SPY went on and made the official low of the day, trading at $722.59.
General market conditions at the bottom were disgusting, and we brought up the idea that $SPY may snap back to the daily baseline support. It was a far-fetched idea, but it was the best hope we had for a recovery, and man oh man, was that an insane recovery backup.
Leading into the back half of the afternoon, the markets rallied beautifully and showed a lot of strength in the general recovery. Market conditions were strong, traders who bought the dip absolutely printed, and watched as we recovered $15 from the bottom in a matter of just hours. We alerted a $725 call on $SPY, which rallied over 500%, and everyone across the board should have had an insane time.
We officially ended the day with $SPY trading at $737.05, down 0.3% overall, or down roughly $2, with an intraday bearish movement of roughly $5.
I will say that yesterday was an absolutely insane day for the general markets. There were opportunities to trade, but with the confusion traders experienced and the bearish momentum of the morning, many traders got caught up in the volatility and had a tough time. Hopefully nothing of any major significance was lost yesterday, and hope that you all are ready for what today has in store for us!
S&P 500 Heat Map - 06/09/2026
Thoughts & Comments for Today - 06/10/2026
Today is going to be a tough day for the general markets. With the weakness that has occurred over the past three days and the pre-market session, we all need to have our guard up. The markets have been overpriced, and we’ve talked about this previously. Any major selling that occurs comes quickly and in rapid succession that no one truly “expects”.
Three days of bearish momentum to come test major support levels is not necessarily “bad,” nor is it a “bad thing” due to the levels that we were at and the irrationality that we have been experiencing in the markets, but at the same time, with the way the markets are trending at the moment, it is almost hard not to be skeptical. So please, tread lightly, practice safe risk management, and do everything in your power to realize as many gains as possible.
I want to say that these market conditions are still strong, and when you zoom out, these conditions are still great, but in reality, with the uncertainty that we are experiencing right now, it is going to genuinely be difficult to say that. We are displaying short-term weakness in the markets that can quickly evolve, so protect your bottom line and minimize the risk.
We can easily recover from this point, and the markets can do it quickly, but we just need a general sentiment shift. Traders are currently bearish and not optimistic; if conditions become stronger or traders become more confident quickly, then there will be opportunities, but until there is a shift in the general sentiment, there’s a genuine reality that the markets continue to come down from here.
So, as I said, I believe it was Monday(?) - but the next price targets are $SPY $750 or $SPY $700.
Well, we’ve broken below many support levels on the daily, broken through many of the psychological support levels, and it appears that the markets are only going to continue to fall from the top. So take everything in these markets with a grain of salt.
If you are attempting to trade today, just make sure to follow the general market momentum. This does not matter the direction, we can be bullish or bearish, but man, just attempt to follow the trends today, and hope for the best. If we reject this daily baseline and major psychological supports, it looks bearish; if conditions are strong and we quickly reclaim support, it is going to be easy to be bullish.
Again, follow the trend, trade higher-beta tech stocks, and maximize your potential. There are going to be so many organizations here in the short term that are either discounted and will be a great value add, or the organization is heavily overvalued and will show lots of opportunity to short. A great way to find either is to look at the YTD Heatmap and find the odd organizations out. Laggards in a sector or an organization that is heavily overvalued in the short term compared to their peers.
Just be safe while trading today; the past three trading days have been deadly, and there is zero sign of anything letting up today.
Tread lightly, be careful, have some fun.
Side note and reminder - I have an ortho appointment later today - Will be MIA around 1:30 pm CST & Will be MIA during some portion of FRIDAY
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, $TCNNF
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 06/10/2026 (ET):
Consumer Price Index - 8:30 AM
Core CPI - 8:30 AM
Monthly U.S. Federal Budget -2:00 PM
Notable Earnings for 06/10/2026:
Pre-Market Earnings:
Chewy (CHWY)
Core & Main (CNM)
J. Jill (JILL)
After Market Earnings:
Oracle (ORCL)
Stitch Fix (SFIX)
Anterix (ATEX)
Navan (NAVN)
Oxford Industries (OXM)
Wrap up
These market conditions are going to be spicy with the volatility we are experiencing. Please tread lightly, practice safe risk management, and minimize your risk. Minimizing risk is going to be key to anyone and everyone’s success during these volatile times, but make sure to take advantage of the opportunities that are presented to us. This is going to be an amazing time, so let’s have some fun and realize some gains!
Good luck trading and let’s see where $SPY takes us!