HaiKhuu Daily Report - 07/16/2026
Good morning and happy Thursday! Man, where has this week gone? Already in the back half of the week, and honestly, everyone should be excited about not only these market conditions, but the opportunities that are presenting themselves to us. Market conditions are strong, as we are holding the $750 support, and hopefully today's market conditions provide us with the strength and confidence necessary to break out from this point.
We are still in a larger consolidation with markets remaining less than ideal at the moment, despite the generalized strength we are experiencing. Hopefully, you all are ready for what the markets have in store for us as we play in this range.
It will be interesting to see what direction the markets decide to take us, if we pick a direction at all. Be careful during this larger-scale consolidation, and be wary of the short-term chop that is provided. Simply follow market trends while actively scalping and day trading today, and you should have a great time.
Let’s make the most out of everything provided to us today, and go on and realize some gains!
Good luck trading, and let’s see a breakout from this consolidation!
The updated $SPY daily levels are as follows:
Conversion Line Support: $747.55
Baseline Support: $736.63
Psychological Support: $750
Previous All-Time High: $760.40
Daily Cloud Support: $741.69
Thoughts & Comments from Yesterday - 07/15/2026
Yesterday was a tough time for the general markets, but it is fun that we were able to watch as the markets played out almost perfectly as expected, and I genuinely hope that everyone was able to capitalize on the short-term momentum and volatility that was presented to us. Traders could have printed in both directions as there was solid bullish and bearish momentum, and honestly, market conditions remained extremely strong and provided us with some great opportunities to allocate, trade, and realize gains. Hopefully you all were able to realize some gains and had a great time!
We started yesterday with $SPY trading at $754.26. Market conditions were strong, with $SPY slightly green in the morning, but momentum was extremely slow. We tried to chop around in the early morning, and general market conditions were less than ideal. We quickly made the official high of the day trading at $755.58, but that momentum was short-lived as we chopped around and started to come down in the early morning.
Markets only continued to sell off throughout the rest of the morning. We quickly rejected the high of the day, came back down to open price, and slowly sold off through the lunchtime lull. The selling was not that bad, but leading into Noon EST is when the markets started to sell off quickly. We went on to make the official low of the day, trading at $750.21, and general market conditions were less than ideal.
Thankfully, $SPY was able to retain that $750 support level and quickly recover in the afternoon, going back up to test the high of the day around $755 before dropping slightly leading into power hour. During power hour, we caught minor consolidation before breaking out once again leading into close, where we officially ended the day with $SPY trading at $754.81, up $3 for the day, or up roughly 0.4%.
What I will say about yesterday is that for the individuals holding long positions, there really was not much overall movement, but for those who are looking to trade, that was one of the easiest things you could have done to capitalize on the conditions. Hopefully you all were able to realize a significant amount of gains in an extremely short period of time, and are ready for what the markets have in store for us today!!!
S&P 500 Heat Map - 07/15/2026
Thoughts & Comments for Today - 07/16/2026
Today is going to be a confusing day for the markets. We’ve had a couple of days of choppy consolidation and neutrality, and going into today, it is almost hard not to retain that sentiment. I genuinely believe that these conditions are going to provide us with great opportunities to scalp on an intraday basis, but this is one of those times where if you zoom out, I personally am less optimistic about these conditions and am kind of in a state of just waiting for the markets to have a directional move.
Please be warned: $SPY in this $750 range will only continue to consolidate for a short time, and realistically we are only going to continue to have difficulties in the short term. We may chop around in a couple-dollar range, but not have any large directional upside movements at least in the short term. Continue to tread lightly on this short-term momentum that is chopping people out, and wait accordingly for the news that will be necessary for a larger directional breakout.
If iI had to predict what is going to be the catalyst that causes the markets to break out, my prediction would be that there is war news that hits the headlines. We won’t randomly break out on a Thursday because the markets want to, nor will we randomly drop, but we will continue to chop without any confirmation of direction until there is a reason for us to move. Until that time, until that day, we will have to sit back, relax, and enjoy some volatility.
As I’ve said before, the best way to capitalize on this momentum in the market is not by attempting to allocate into long equities that are heavily overvalued, but more so looking to actively scalp and day trade on an intraday basis. Look to follow the momentum, look for organizations that have been oversold, and look for deep value. If you are actively allocating properly and following trends, there is no reason why you cannot continually allocate on an intraday basis with confidence.
Please, just continue to remain rational with your positions. Many traders are going to be caught in a cycle of overtrading and becoming emotional at the wrong times. This is not an attack on anyone, but is just a generalized statement about traders in general that will heavily impact everyone at some point of their trading career. So whenever you are looking to allocate, make sure you have reasoning, justification, and a plan for the position, as many traders enter these conditions without plans, will end up realizing losses and getting shot in the process.
One sector that I think will get some loving soon is general tech. We watched as $AAPL made new all-time highs yesterday, but at the same time watched as many organizations continued to sell off. It is unfortuante the reality of it, but please, keep your eyes on the tech sector. In the case there is a large directional movement in the markets, the tech sector is going to be what ultimately going to rally the hardest.
The organization that catches my eye in these conditions will continue to be $ORCL. I think that, given the selling over the past couple of weeks, this organization is heavily undervalued. I don’t necessarily know when the selling will end, but this is one of those times where, as long as they do not go insolvent and the AI bubble doesn’t absolutely blow up, I think that these guys are going to do well and ultimately break out one of these days. So keep $ORCL on your radar, as I believe that from the tech organizations that will rally in the near future, $ORCL is one of the organizations that will rip the hardest.
Much love and let’s all absolutely kill it while trading 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: $NVDA, $INTC, $AMD, $MU, $ORCL, $TSLA, $SPCX
Speculative: $PTLO, $AIFF , $RIVN, $RBLX
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 07/16/2026 (ET):
Retail Sales - 8:30 AM
Initial Jobless Claims - 8:30 AM
Philadelphia Fed Manufacturing Survey - 8:30 AM
Pending Home Sales - 10:00 AM
Business Inventories - 10:00 AM
Notable Earnings for 07/16/2026:
Pre-Market Earnings:
UnitedHealth Group (UNH)
GE Aerospace (GE)
U.S. Bancorp (USB)
Abbott (ABT)
Citizens Financial (CFG)
State Street (STT)
Inteel Industries (IIIN)
ManpowerGroup (MAN)
Prologis (PLD)
Taiwan Semiconductor (TSM)
After Market Earnings:
Netflix (NFLX)
Alcoa (AA)
Intuitive Surgical (ISRG)
F.N.B Corp (FNB)
Independent Bank (INDB)
Simmons First National (SFNC)
Wrap up
This is going to be a fun time for the markets. Please continue to tread lightly and practice safe risk management, but at the same time, take on the proper risks in these conditions. There will be some great opportunities that present themselves to us, so please, go realize some gains, make the most of the volatility, and prepare accordingly for what is going to be an INSANE day for us!
Good luck trading, and let’s see what $SPY has in store for us!