HaiKhuu Daily Report - 07/07/2026
Good morning and happy Tuesday!!! WOW, these market conditions are beautiful, and I genuinely hope you all are ready for another fun and interesting time in the markets! $SPY is still playing in that neutral area, trending right above the $750 support, despite being down slightly from the previous close, but honestly, conditions aren’t the worst. Markets look great, traders are optimistic, and everyone should be excited about the opportunities presented to us.
We saw some organizations have a beautiful rally over the previous couple of days, and now it is just a matter of continuing that trend. Life is good, and the markets are better, so take advantage of this strength and go on and realize some gains!
I know that I personally am very excited to see where the markets take us today, so please, make the most out of today, realize some gains, and prepare accordingly for more confusion and relative neutrality until we have our next directional move!
This is going to be an amazing day, so good luck trading today!
The updated $SPY daily levels are as follows:
Conversion Line Support: $734.50
Baseline Support: $738.49
Psychological Support: $750
Previous All-Time High: $760.40
Daily Cloud Support: $734.52
Thoughts & Comments from Yesterday - 07/06/2026
Yesterday was a relatively slower day for the markets with mild bullish momentum. Anyone holding strong positions should have been able to capitalize on yesterday's conditions with ease, but if anyone looked to purchase the equities we discussed during the pre-market session and allocated early in the day, they should have been able to realize significant gains in a short period. I hope you all were able to make the most of yesterday's momentum and realize some gains!
We started yesterday with $SPY opening at $748.59, up approximately $4 from Thursday's close. Conditions from open were great; $SPY quickly made the official low of the day at $747.41, and the markets only continued to rally. Markets were looking great, traders were confident and everyone should have had a relatively easier time.
After making the official low of the day and reversing, we briefly tested the $750 resistance level leading into the lunchtime lull and continued to display strength into the early afternoon. Life was good, markets were better, and everything was looking amazing. The markets never really rallied in the process, as we remained in tight consolidation, but conditions were strong.
$SPY dropped and tested $750 once again into the back half of the afternoon, but life was alright. We bounced quickly off that level leading into the end of the day where $SPY broke out once again and made the official high of the day, trading at $752.41, before coming back down and ending the day officially trading at $751.28, up $6.50 for the day, or up roughly 0.9% overall.
What I will say about yesterday's market conditions is that they were mildly bullish, and anyone who simply followed the trend and attempted to allocate to any of the single-name equities that rallied should have had almost no issues trading or realizing gains. Hopefully you all listened and followed the trend, as that was an extremely easy day for some. Hopefully today will provide the same momentum and more great opportunities to trade! SO let’s go on and enjoy today, and make the most out of everything!
S&P 500 Heat Map - 07/06/2026
Thoughts & Comments for Today - 07/07/2026
Hopefully today will be a spicier day for the general markets, but to be completely honest, I am not expecting much going into today. Hopefully there is news or some sort of larger directional move, but leading into today, with the way the markets are currently set up, I am personally more neutral than bullish or bearish. We are currently chopping right at that $750 consolidation point, and as a result, I do not know whether I should be overly bullish and optimistic or bearish and wait for a rejection. We can genuinely go either direction from this point, so everything will come down to overall market momentum and how comfortable and confident people are in the process.
If you are attempting to trade today, this is one of those days when I personally recommend you sit on your hands and wait for confirmation of direction before forcing any entries. It is not that I am not a fan of these conditions, but it is due to the uncertainty currently driving them. We can easily go in either direction, chop, or remain in tight consolidation.
These overall market conditions are ideal for those who want to take on higher-risk, more uncertain plays, but for those who prefer certainty and comfort in the markets, this is a rough time. Hopefully, we do not sit here chopping at this $750 level for too long and finally see decisive movement in either direction. But, this is where things start to become a little bit more fun. If the markets do decide to break out, it will most likely happen with some news, resulting in us trading closer and closer to a new all-time high, which is what everyone should hopefully be looking forward to, but we all know what may happen if we reject.
If we reject, expect $SPY to come back down towards that $740 magnet zone, with a possibility of a retest of the daily conversion line and baseline supports.
Obviously, it would be less than ideal in the case that the markets sell off, but statistically, there is a higher likelihood of this happening in the short term. So please, continue to tread lightly, practice safe risk management, and understand the realities of these conditions. Again, it is going to be great to be bullish and optimistic, but you just have to be realistic about your expectations and understand what is necessary for directional movement at this level.
This is going to be one of those days when I am strongly against attempting to trade 0-dte option contracts. Unless you are looking to catch an almost instant 0-dte and actively scalp these contracts, stay away from 0-DTE’s today. With the consolidation we are experiencing, it is going to be difficult to remain overly optimistic about 0-dte’s leading into today, with the high risk of consolidation and chop at this $750 level. I would hate it if you were caught in either direction, as $SPY only continues to remain neutral at this point, and watching as theta just eats your position to the face.
So please, just continue to practice safe risk management and protect your bottom line on a day like today. Follow the trends, follow the volume, and follow the momentum. There is no reason to attempt to fight any trends in the current market, especially given the confusion everyone will experience at this level, so play what has momentum and be smart. It’s not hard to make good positions in these market conditions, but it will be hard to time them out. Be patient, and allocate when you are comfortable.
I’m excited to see where $SPY goes after testing this $750 range, and am excited to see what the markets have in store for 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: $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 07/07/2026 (ET):
Trade Balance - 8:30 AM
Notable Earnings for 07/07/2026:
Pre-Market Earnings:
No Earnings Scheduled
After Market Earnings:
Penguin Solutions (PENG)
Enerpac Tool Group (EPAC)
Kura Sushi USA (KRUS)
Saratoga Investment (SAR)
Wrap up
I know I am personally excited to see where the markets take us today, yet I am also skeptical about the general confusion we will experience here at $750. Expect to see neutrality, chop, and a war between the bulls and bears. One side will be victorious, so look to play that direction, and simply make the most of the short-term volatility and momentum! Let’s see what the markets have in store for us today, and realize some gains!
Good luck trading, and let’s make the most of today!