HaiKhuu Daily Report - 07/20/2026
Good morning and happy Monday! Wow, it seems like just this time last week I was saying that! Well, markets are in a tough spot at the moment, and overall market conditions have weakened. I hope you all are ready for what the markets have in store for us this week, as we prepare for some insane volatility and challenging conditions.
Thankfully, the markets have moved up slightly, but $SPY is still trading in that $740~ range. General market conditions will be difficult to navigate today, as we are back in the $740 magnet zone. Please be careful as you attempt to navigate this short-term volatility and prepare accordingly for what the markets have in store for us!
This is going to be a huge week for the markets, with MANY major earnings reports coming up, including $TSLA, $GOOGL, and $INTC. If you’ve not checked out the WEEKLY PREVIEW, check it out to prepare accordingly for the week. We have listed many major earnings and earnings for you to look out for here in the short term, so enjoy what the markets have in store for us this week, and have an amazing time!
Good luck trading today, and let’s see what the markets have in store for us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $747.55
Baseline Support: $736.63
Psychological Support: $740
Previous All-Time High: $760.40
Daily Cloud Support: $739.60
Thoughts & Comments from Last Week
Last week was a bloody time for the general markets. There was disgusting selling, disgusting intraday momentum, and we watched as many organizations had an absolutely terrible time. General market conditions were slow, choppy, and disgusting, yet there were opportunities to scalp on an intraday basis. Hopefully no significant losses were generated, and hopefully everyone was able to make the most of the short term volatility, but man oh man what an interesting time.
We started last week with $SPY trading at $752.47, market conditions were looking alright at the beginning of the week as $SPY really did not do much, we bounced slightly to start the week off, but things really started to heat up as we quickly dropped to test and break $750. This was obviously less than ideal, and we watched as $SPY ended Monday trading at $749.17, but watched as $SPY essentially recovered 100% of the losses generated by Tuesday.
Tuesday opened with $SPY trading at $750.91, reclaiming the $750 support level, and then we watched as there was blind neutrality over the next couple of days. $SPY bounced to $752 and we continued to remain around that point until Wednesday where $SPY bounced up to test $755 and essentially continued to remain in that extremely tight and hoppy range before we started to come down on Thursday.
Thursday was the beginning of the selling momentum throughout the week as we started Thursday with $SPY coming down, opening at $752.76, before watching as the markets continued to drop, breaking below the $750 support but reclaiming it, and essentially just chopping around that $750 support until the end of the day, and then watched as the markets really started to die on Friday.
There was opportunities to trade on Friday, but man were the great opportunities far and few between, as we watched $SPY gap town to open Friday trading at $742, and chopped around open, where $SPY went down to test the $740 support, making the official low of the day and official low of the week trading at $740.81, before popping back up slightly to chop around in that $745~ range. During that time, it was obviously less than ideal while $SPY was in that range, but then was able to at least watch as we attempted to rally back up, as $SPY popped about $7 from the bottom and made the official high of the day into the back half of the afternoon, trading at $747.28. After making that high, we did watch as $SPY drop in the back half of the afternoon, where $SPY essentially only continued to sell off into market close, where we went on and officially ended the week with $SPY trading at $743.29, down 1% on Friday, and down roughly 1.2% overall through the week.
So, what I will say about last week's market conditions is that the general markets were alright; it all kind of came down to when and where you attempted to allocate. If you allocated properly and practiced safe risk management, you should have had no issues being able to realize some gains, but if you fought the trends, allocated improperly or simply took some bad plays, that was a rough time for you. So hopefully you all were able to have a great time trading and were able to simply follow both trends and momentum. There were many great opportunities to trade and allocate, and hopefully you all took advantage of the momentum! This should be another fun week for the markets, so let’s see where $SPY takes us and make the most of the week!
S&P 500 Heat Map - 07/17/2026
Thoughts & Comments for Today - 07/20/2026
Today will be an interesting time with the current placement of the markets. We’ve officially rejected $750, yet are in a place of “relative” support. We have a bearish magnet currently established towards $SPY $740, and we are still getting headlines about both war and possible rate hikes. I know I am excited about where the markets are going to take us today, but at the same time, I am nervous about the short-term risks and possibilities.
If you are attempting to trade here in the short term, I will say that equities are still heavily overpriced, but with the placement we are seeing over the previous week, it is almost hard not to be optimistic to see where the markets take us today. Everything has sold off heavily over the past week or so, which, in theory, should provide us with a great buy-the-dip opportunity and a chance to ride strong momentum.
All of these higher-beta tech organizations that have been hit the hardest over the past week or so will turn around one of these days, and honestly, when that occurs, the organizations that were hit the hardest will be the ones that rebound the quickest. So look to allocate where you are comfortable, in an organization that provides deep value, and simply allocate with confidence.
The biggest issue in these current market conditions is the fact that we are in such a tight consolidation at the moment without reason or justification for a breakout. We are waiting for news to positively impact the markets, and with both the war and Trump going on, there is so much uncertainty driven as a result! The irrationality in these market conditions is going to make it difficult to trade and remain consistent, but given the resulting volatility, opportunities should continue to present themselves in the short term.
One thing you all need to make sure that you do, though, is to practice safe risk management. If you are not practicing safe risk management, this is one of the worst times to attempt to trade. If you are fighting trends, over-allocating to the wrong organizations, or simply gambling on the wrong organization, you will get shot in the process. So make sure you are limiting your downside risk while attempting to increase your upside potential, and allocate into some great organizations today.
I’ve been saying this for a couple of days now, but please keep an eye on $ORCL. With the momentum and sentiment that is driven in the markets, there have been many tech organizations that have unfortunately sold off over the previous week. The one that really catches my attention is $ORCL. There is so much strength in the organization but it has been a laggard in the space, where once of these days, we are going to look back and under the assumption that it does not just blindly sell off, it will recover. And the day that it does inevitably recover, the recovery is going to be extremely strong and provide us with with some insane bullish momentum. I am not saying that it is necessarily going to happen today, but with the potential momentum that is built with the organization, it is hard not to be optimsitic for the deep value there. So please, keep your eyes on $ORCL and be excited about the opportunities that are presented to us in the short term.
I know I am personally excited to see where the markets take us, but, again, given the market's uncertainties, please continue to remain rational in your decisions and prepare for inconsistent volatility and momentum. The best of traders will retain solvency in the short term, while the worst are the ones who are caught in the vicious cycle of overtrading, overallocating, and taking on dumb risk. Those traders will lose their solvency to the markets, and we will watch as those traders disappear into the wind. So please be smart and rational when trading today, and let’s have an amazing time in the process! :)
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 07/20/2026 (ET):
U.S. Economic Indicators - 10:00 AM
Notable Earnings for 07/20/2026:
Pre-Market Earnings:
Domino's Pizza (DPZ)
SmartFinancial (SMBK)
After Market Earnings:
Crown Holdings (CCK)
BOK Financial (BOKF)
Calix (CALX)
Steel Dynamics (STLD)
W.R. Berkley (WRB)
Zions Bancorporation (ZION)
Wintrust Financial (WTFC)
RBB Bancorp (RBB)
Wrap up
This is going to hopefully be a quick week for the general markets as conditions are volatile yet full of great opportunities! I know I personally am very excited about the short-term momentum we are seeing, and hopefully we are not caught in a perpetual loop of neutrality and selling. It all comes down to what the markets say and how everyone manages their allocations in the short term. Be careful, have fun, and make the most out of today!
Good luck trading, and let’s see where the markets take us!