HaiKhuu Daily Report - 08/04/2026
Good morning and happy Tuesday! I hope you all are ready for the possibility of a new all-time high and are ready for where the markets are going to take us! Life is good, and so are these market conditions. $SPY is less than 0.5% away from making a new all-time high, and I genuinely hope that you all are ready for where the markets are going to take us today! Market conditions are strong, traders are optimistic, and everything is absolutely amazing.
With $SPY less than $2 away from making a new all-time high, it is hard not to be skeptical of these conditions, but this is just a reminder that these market conditions are strong, and we can easily claim that on general intraday volatility. This doesn't even take into account the possibility of news that can drive the markets absolutely insane.
So please, make sure to tread lightly and practice safe risk management in these conditions, but do everything you can to maximize your profit potential while momentum is strong. This is going to be an amazing day for the markets, so realize some gains and let’s have a great time.
Good luck trading today, and let’s see where the markets take us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $743.84
Baseline Support: $737.58
Psychological Support: $750
Previous All-Time High: $760.40
Daily Cloud Support: $742.32
Thoughts & Comments from Yesterday - 08/03/2026
Yesterday was an absolutely insane time for the general markets, providing us with great opportunities to scalp, trade, and realize gains. There was continued strong bullish momentum throughout the entire day, and all you had to do was take on some risk and allocate with the momentum. Hopefully you all listened to our report yesterday and took anything said to heart, because man, everything brought up was extremely true.
We started yesterday with $SPY trading at $749.40. General market conditions were strong as we started the week nicely green, and we watched as $SPY showed instant strength from open. We rallied from the get-go, breaking above the $750 resistance level, and, as expected, the market continued to rally. We quickly alerted an $ORCL $135 call around open, and watched as $SPY ripped through the first three hours of the day, going on to make a relative high trading around $755 leading into the lunchtime lull, continually making new highs of the day, before watching as we started to break out once again leading into the afternoon.
General conditions remained strong, and traders continued to be provided with strong yet slow bullish momentum. Conditions could have been better, as they could have moved quicker, but we got a strong, sustained bullish movement throughout the entire day, providing us with both comfort and confidence.
We continued to make new highs of the day essentially all day until power hour, and that is when the markets started to really adjust. $SPY made the official high trading at $758.57 before watching as there was mild bearish momentum leading into close, where we dropped back down and officially ended the day with $SPY trading at $757.67, up $11 for the day, or up about 1.5% overall.
So, what I will say about the market conditions yesterday is that everything was amazing. Momentum could have been stronger, and we could have made a new all-time high, but I will say that it was almost hard not to realize a significant amount of gains yesterday. Very happy that everything worked out almost perfectly across the board. We perpetually made new highs of the day on $SPY, and in the process, found many great scalps and trades where people could have realized some gains, but hey, it was a great day full of opportunities, so let’s hope that today is as great!
S&P 500 Heat Map - 08/03/2026
Thoughts & Comments for Today - 08/04/2026
Today is hopefully going to be a continuation of general beautiful bullish momentum. Life is good, and so are these market conditions. We are less than $2 away from the previous all-time high, and market conditions are strong leading into today. I am not saying that we are necessarily going to get a large directional breakout today, but there is a genuine chance that we go on and make a new all-time high. We need conditions to be perfect and need traders to get excited, but this is a very real possibility leading into today, and I hope you all are ready for what the markets have in store for us!
With the way that everything is trending, I am going to continue to recommend that you all look to actively scalp and day trade single-name equities. With the strength and momentum that we are experiencing right now, it is almost hard not to be optimistic. The higher beta tech organizations that have been sold off over the previous couple of weeks are bouncing, and are bouncing beautifully at this point. I am not saying that you should attempt to FOMO in as you have already missed the large majority of the direction, but everyone has had an insane opportunity to allocate into many of these major names at a deep value, and there are many of those still available at this point.
Please, tread lightly, practice risk management, but take on smart risk at this point. Allocating with strong momentum while market conditions are overly strong will provide us with great opportunities to scalp and realize some gains.
I am skeptical of these conditions as we are continuing to trend towards new all-time highs, and I believe there needs to be more justification or reason for us to be able to retain this level, but at the same time, with the way that everything is set up, it is almost hard not to be excited. Please, continue to maximize your profit potential here in the short term, and understand that given the current market conditions, we are going to see a lot of volatility. If there is negative news regarding the war, or Trump says something stupid, markets are going to come tumbling down, but at the same time, with the opportunities presented to us in these conditions, it is a terrible idea not to take advantage of the volatility.
Keep your eyes on strong organizations that show a lot of potential in these market conditions, and look for the organizations that are fundamentally solid and have been sold off the hardest. Once they start to recover and show signs of confidence again, we are going to see the quickest recovery come from those types of organizations. You all have heard me shill $ORCL recently, and I still believe that this has to be one of the best deep value opportunities in the markets. I am not saying you should go all in $ORCL at this point, but $ORCL is a perfect example of what you should attempt to trade in these conditions.
$ORCL is a great organization that is fundamentally solid, that provides a service with a lot of upside potential, but at the same time, has been sold off heavily as a result of the larger AI/Chip sell-off. Obviously, this is not ideal, but at the same time, it will provide us with some great opportunities to scalp and realize gains in the short term. $ORCL is not the only organization that has sold off like this recently either; it is one of many that provide us with consistent opportunities. But it really all becomes a matter of finding those opportunities, capitalizing on them with confidence, and having an amazing time in the process.
So scalp when given an opportunity to do so today, and go realize some gains. Life is good, and so are these market conditions, so let’s realize some gains and have an absolutely amazing time 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: $AMZN, $AAPL, $MSFT, $META, $SNDK, $TSLA, $ORCL, $INTC, $AMD, $MU, $SPCX
Speculative: $PTLO, $AIFF , $RIVN
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 08/04/2026 (ET):
Trade Balance - 8:30 AM
Factory Orders - 10:00 AM
Job Openings - 10:00 AM
Notable Earnings for 08/04/2026:
Pre-Market Earnings:
Pfizer (PFE)
Caterpillar (CAT)
Wayfair (W)
McDonalds (HUT)
Hut 8 Mining (HUT)
Wix.com (WIX)
BP p.l.c (BP)
DigitalOcean (DOCN)
Energy Transfer (ET)
Spotify Technologies (SPOT)
After Market Earnings:
Advanced Micro Devices (AMD)
Space Exploration Technology (SPCX)
Arista Networks (ANET)
Opendoor Technologies (OPEN)
Zeta Global (ZETA)
Booking Holdings (BKNG)
Amgen (AMGN)
Allegiant Travel Company (ALGT)
Lumen Technologies (LUMN)
Bed Bath & Beyond (BBBY)
Wrap up
Hopefully markets go break out and make a new all-time high in these conditions. Life is good and so are these market conditions. Do not fight any trends, and do everything in your power to maximize your potential. I am excited to see where the markets take us, so please, enjoy these conditions, realize some gains, adjust your portfolio accordingly, and let’s see where the markets take us!
Good luck trading and let’s see a new all-time high!