HaiKhuu Daily Report - 07/06/2026
Good morning and happy Monday! I hope you all had a wonderful long weekend, enjoyed some fireworks, and are ready for another amazing week for the markets. Markets are up slightly heading into the start of this week, and I genuinely believe everyone should be optimistic at this time. We are treading closer and closer to a new all-time high on $SPY, and everyone with general market exposure should not only be excited, but be ready to see where the markets take us from here!
Please continue to tread lightly and practice safe risk management, but be excited about the volatility and opportunities presented to us today! Many traders are going to realize gains today, so make the most out of these conditions and go on and realize some gains.
This will be a great time; make sure to check out the WEEKLY PREVIEW to prepare accordingly for the week! We have lots of economic news and earnings this week, including the release of FOMC minutes on Wednesday. So tread lightly leading into Wednesday; if something moves unexpectedly, expect a large directional move to happen extremely quickly.
Life is good, markets are great, and I hope you all have an amazing week!
The updated $SPY daily levels are as follows:
Conversion Line Support: $733.34
Baseline Support: $738.49
Psychological Support: $740
Previous All-Time High: $760.40
Daily Cloud Support: $734.22
Thoughts & Comments from Last Week
Last week was a quick week for the markets, with Friday off! There were some sketchier market conditions, but a beautiful bullish bounce that we all could have capitalized on. There was minor weakness in tech & semis, but overall markets were beautifully green, and everyone had great opportunities to trade and realize gains. Congrats to anyone and everyone who was able to print last week and realize significant gains!
We started last week with $SPY trading at $736.57; conditions were weird as we bounced off the daily cloud support on Friday (6/10) and displayed strength from the get-go. We rallied through Monday and tested the $740 resistance. Conditions weren’t perfect, but with the weak bullish recovery back above the previous resistance points, that was a beautiful way to start the week. That bullish momentum continued through all of Tuesday, as conditions only strengthened, and traders had an amazing time leading into Wednesday!
Wednesday is where things started to get tough, as it was a green day overall, but market conditions were relatively weaker compared to the previous couple of trading days. $SPY went on to chop around throughout all of Wednesday, essentially remaining in an extremely tight consolidation, not providing anyone with any really “great” trades, but days like Wednesday are the reason why I always recommend trading momentum when it is provided, and attempting to trade single-name stocks.
Then we lead into Thursday, which was kind of a pseudo-Friday. Markets were looking strong from the get go as markets quickly rallied from the open, opening the day beautifully green, and going on to test and reject $750, making the official high of the week trading at $751.24, before quickly sleling off throughout the rest of the morning, through the lunchtime lull, and into the early afternoon where we went on to come down and the the $740 support. We bounced off that level slightly into close, where we officially ended the day trading at $744.78. It sounds like there was a lot of intraday volatility, but if you zoom out, $SPY was only down $1 from the previous close.
Absolutely insane volatility in the markets last week, and hopefully you all were able to capitalize on the conditions. $SPY was up 1% overall last week, so if you were able to generate more than that, I just want to say congrats once again on the insane week. I’m very happy with the way last week went, and now it’s a game of what this week has in store for us!
S&P 500 Heat Map - 07/02/2026
Thoughts & Comments for Today - 07/06/2026
Today will be another interesting time for the general markets. With the strength we’ve experienced over the previous couple of trading days, we have finally broken back above the previous resistance points, and anyone who was overly bearish has been wiped out. There is a possibility of a bearish move today, but everything on my radar suggests we are headed up. Obviously, I could be wrong about this sentiment, but given the strength we are experiencing and the sentiment among traders, it is hard not to be optimistic at this level, and it is something you all should realistically consider in the short term.
Please, continue to tread lightly and practice safe risk management on a day like today, but don’t be left sleeping behind the wheel. Opportunities will be presented to us left and right to actively daytrade and scalp single-name equities. Many organizations that were sold off last week will bounce, and now it is just a matter of you catching the necessary momentum.
If you look at the heat map of the selling that occured last week, or even the heatmap of the performance of Friday, market conditions were strong, yet many of the general tech organizations were exceptionally weak. So look to find an opportunity to capitalize on that weakness. There was too much weakness in general tech last week, with some of these semiconductors dropping by double-digit percentages. I am not saying that every single one is going to recover, nor am I saying that the organizations will move up, but I am saying that statistically, with the selling that has occurred last week, many of these organizations are going to be oversold and will be a great pickup if you are looking to scalp and day trade in the short term.
I would still be extremely cautious about attempting to allocate stupid long into the markets, but under the assumption that markets only continue to strengthen in the short term, I genuinely do not see a reason why we all cannot continue to capitalize on these opportunities. Just follow the trend, and practice risk management.
As long as you are allocating properly under these conditions and following the momentum, it should not be difficult to allocate on a reversal confirmation, set a stop to minimize your losses, and adjust that stop-loss accordingly while practicing safe risk management.
The best traders will be able to maximize their upside potential while minimizing risk.
Just make sure to follow the momentum and make the most of the opportunities presented to us today!
A couple of organizations I am personally looking to watch a little bit closer today are $ORCL, $TSLA, $META, and $AMD. All four of these organizations were sold off over the past week or so, so when the markets ultimately decide to break out, these organizations “should” move higher due to their higher beta.
Make the most out of this week; market conditions are great, and I genuinely hope you all are excited for today!
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: $AMD, $MU, $NVDA, $INTC, $ORCL, $SNDK $TSLA, $SPCX
Speculative: $PTLO, $RIVN, $RBLX, $AIFF, $NKE
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 07/06/2026 (ET):
Services PMI - 9:45 AM
ISM Services - 10:00 AM
Notable Earnings for 07/06/2026:
Pre-Market Earnings:
No Earnings Scheduled
After Market Earnings:
No Earnings Scheduled
Wrap up
These market conditions are going to be absolutely beautiful. With the strength and opportunities that will be presented to us, there is no reason why anyone should attempt to be more passive. Just be smart and safe when trading today, and enjoy the opportunities presented to us. I am excited to trade with all of you today, and I hope you all are too, so let’s realize some gains and have an amazing time!
Good luck trading, and let’s see what the markets have in store for us this week!