HaiKhuu Daily Report - 06/17/2026
Good morning and happy Wednesday!!! Man, this week has flown by, and I just want to remind everyone that the markets are CLOSED on Friday. These market conditions are absolutely insane, and I genuinely hope that you all are excited about today and are ready for more strong bullish momentum!
Markets are up ever so slightly at the time of writing this report, but it is nothing of any major significance. Please, continue to practice safe risk management and tread lightly on these conditions. We can easily see an increase in volatility today due to the placement of the markets and traders should be able to actively scalp and day trade in the process.
Make the most out of the short-term opportunities that are being presented to us, and just have fun in the process. If that is not the goal in the short term, I genuinely don’t know what is. So enjoy these conditions, prepare accordingly for some volatility, and let’s have some fun!
Good luck trading today, and let’s see where we go!
The updated $SPY daily levels are as follows:
Conversion Line Support: $740.45
Baseline Support: $741.50
Psychological Support: $750
Previous All-Time High: $760.40
Daily Cloud Support: $707.41
Thoughts & Comments from Yesterday - 06/16/2026
Yesterday was a disgusting day for the general markets. There was confidence, weakness, and perpetual selling throughout the day. As much as I want to be bullish and hyper optimistic about the performance of the markets yesterday, in reality, general market conditions were less than ideal, and we had continual selling until $SPY hit major support levels on the daily. Hopefully, no one was destroyed in the volatility of yesterday, and hopefully some of you had fun as market conditions were mildly bearish!
We started the day with $SPY looking relatively mild, trading at $754.44, down slightly from the previous close, but nothing of any major significance. We watched as the first hour of the day was slow and choppy, not doing anything cool, and then watched as there was weak bearish momentum throughout the rest of the day.
$SPY dropped from the top to come down to $753, remained at that level throughout the entire lunchtime lull, lunchtime session, and early afternoon, where $SPY finally came down to test $752, and again, remained neutral and gross at that level, before rejecting $752, and continually coming down throughout the rest of the afternoon, going on to make the official low of the day trading at $749.88, and officially ending the day at $750.33.
As bad as this sounds, yesterday was extremely lame. Traders were not provided with any great opportunities to trade $SPY bull side on an intraday basis, but that is exactly the reason why I said that trading single names would provide us with better opportunities on an intraday basis. Despite the gross intraday market momentum, we were able to nail an almost perfect alert on $NFLX, where within a half hour of our entry, we pretty much only got green candles, as we bought a dip with confidence and rode the momentum.
Hopefully, you all were able to capitalize on some of the opportunities provided to us yesterday and are ready for what the markets might have in store for us today! Conditions are looking skeptical leading into today, so we should have some fun!
S&P 500 Heat Map - 06/16/2026
Thoughts & Comments for Today - 06/17/2026
Today is going to honestly be a stupid or extremely interesting day for the markets. Either market conditions are going to be exceptionally strong as $SPY bounces off this $750 level, or we watch perpetual selling and bearish momentum. Obviously, I don’t want to be pessimistic, but I am not trying to be overly optimistic leading into today.
I am genuinely worried that $SPY is going to chop here at this $750 point, and many traders will ultimately be stopped and chopped throughout the day. Obviously, I am not trying to be overly bearish, but I believe that unless we get some overly bullish news or a large inflow of purchasing, the markets do not have what they need to maintain this level. Obviously, I only want the markets to move up, but we have to be realistic with our expectations at this level. Anything can happen in a short period of time; markets can easily come up or sell off. It all comes down to the general market momentum, how confident traders are, and how comfortable they are with the short-term volatility.
As bad as this sounds, the real main catalyst we should all look for is war news. There have been no major war news headlines that have impacted the markets, and with everyone waiting around, I genuinely believe we are going to chop in a narrow range and continue to have weak momentum regardless of the direction. So please, make sure to minimize risks when possible, make sure to practice safe risk management, and follow the trend.
If you are looking to actively scalp or day trade, then you should look to actively scalp and day trade single-name stocks that have both volatility and momentum. With the risks that people are attempting to take in these conditions, I will say that it is almost hard to want to trade $SPY. Until there is that large directional move or if you are highly overleveraging your account, trading the indexes at this time is going to be extremely inconsistent and difficult for the large majority. Stick to the organizations you know and are comfortable with, as taking the risks outside of your parameters is most likely what is going to kill your position.
So, now let’s talk about the pump and dump that we found yesterday. The pump has happened; we watched as $ADTX rallied 30% with us in it. Now the issue is the fact that the dump has occurred. There has been a massive dilution event, which was a risk that we understood but did not want to happen, and man, did that hit hard. We watched as the organization dropped 15% yesterday and has dropped another 30% during the pre-market session. I am still in my personal position, and I am saying right now that we shoudl have gotten out at the top yesterday. This can easily continue to drop, or this can easily recover and rally. But you all need to be extremely careful attempting to average down or purchase more at this point. Yes, these are just small allocations where the total risk is nothing of any major significance, but at the same time, with the way this organization is trending, I am going to advise against averaging down at this time. Obviously, this play did not work out the way that we hoped, but at the same time, it worked out exactly how we expected. I am not going to advise selling your POS at this time, as there still is upside potential, but I am going to warn everyone against averaging down on this play at this time for generalized safety. Apologies for not nailing the perfect top on this one, now we get to watch as we become exit liquidity for some idiots on the other side.
Also, speaking about pump and dumps, keep your eyes on $SPCX; the organization has hit a $2.7T market cap. With the way the organization is trending, I genuinely believe the organization is grossly overpriced, and I do not recommend anyone attempt to FOMO in or short the organization. Fighting Elon is an easy way to blow up an account, but at the same time, with the current evaluation that is happening at the moment, it is hard to justify an entry. With a fraction of the shares available, I truly am expecting a massive decline in the organization as shares are unlocked and employees, stakeholders, and everyone else are able to exit their positions. Be careful if you are attempting to purchase ETNs or options on this, and make sure to take profit when you are happy, assuming you are long the organization.
This is going to be an interesting time today, so keep your fists up and let’s see where the markets take us!
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: $ORCL, $AVGO, $NVDA, $AMD, $MU, $INTC, $TSLA, $PLTR, $SPCX
Speculative: $PTLO, $RIVN, $RBLX, $CELH, $ADTX*
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 06/17/2026 (ET):
Retail Sales - 8:30 AM
Pending Home Sales - 10:00 AM
Home Builder Confidence Index - 10:00 AM
Business Inventories - 10:00 AM
FOMC Interest-Rate Decision - 2:00 PM
Fed Chari Warsh Press Conference - 2:30 PM
Notable Earnings for 06/17/2026:
Pre-Market Earnings:
Progressive (PGR)
Jabil (JBL)
CarMax (KMX)
After Market Earnings:
No Earnings Scheduled
Wrap up
These market conditions are going to be interesting. Please tread lightly on the volatility we are about to experience, and just have some fun in the process. Many people are not enjoying these market conditions, but as long as you are having fun, that means that you’re most likely realizing some gains. So realize some gains today, have a smile, and make some plans for the day off to just take some time for yourself. I love y’all and hope you all the best today.
Good luck trading, and let’s see where $SPY goes!