HaiKhuu Daily Report - 08/06/2026
Good morning and happy Thursday! Man, this week has been flying by, and I hope you all are ready for what is going to be an interesting time for the markets. We are watching as $SPY is dropping back down from the previous all-time highs despite showing strength at this level. Traders are going to be confused while attempting to trade at this level due to the fact that we are kind of in “no-man’s land” with the markets trading in the condition that they are in.
Life is good though, and so are these market conditions, so make sure that you are doing everything in your power to maximize your profit potential.
With the way the markets are trending at the moment, it is almost hard not to be optimistic leading into today, but just remember to be skeptical of these moves. As I warned yesterday, trading at this level is nice, but at the same time, with the market uncertainty, it’s always good to just watch your back.
So make sure to maximize your gains while minimizing your risks. This is going to be a great day for the markets, and I’m excited to see where the markets take us!
Good luck trading today, and let’s see where $SPY takes us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $752.987
Baseline Support: $752.98
Psychological Support: $760
Previous All-Time High: $776.85
Daily Cloud Support: $737.25
Thoughts & Comments from Yesterday - 08/05/2026
Yesterday was a wild day for the general markets. We saw generalized strength and opportunity, and we saw some bearish momentum. Anyone and everyone could have capitalized on yesterday's conditions, but it was just a matter of following trends and allocating accordingly! I hope you all had some fun, but man, was that a tough day to navigate!
We started yesterday with $SPY opening at a new all-time high, trading at $775.89. General market conditions were extremely strong at open, and our skepticism was right, as $SPY went on to quickly make the official all-time high, trading at $776.84 before coming back down early in the morning. We started to rotate after the first hour or so of the day and dropped quickly until the lunchtime lull.
During the lull, we made a relative low of the day trading right around $770, and then bounced back up slightly to test the $772 level. The entire afternoon was a snoozer compared to the morning through, as we essentially remained around the $772 level the entire time. I hate saying it and wish there was more volatility throughout the entire afternoon, but we essentially remained in that $772 range the entire time, and conditions remained less than ideal, and chopped there until close, where we watched as $SPY dropped quickly leading into close, making the official low of the day trading at $769.51, and ending the day with $SPY trading at $769.79, down $1.50 for the day, or down roughly 0.2% overall.
What I will say is that yesterday was a tough day to trade regardless of where you attempted to allocate. The bulls easily won with a new all-time high at open; anyone could have realized some gains, and the bears could have easily won, assuming you allocated properly. The afternoon itself was tough unless you were selling option premium, but again, it’s simply life. Hopefully you all were able to capitalize on the conditions and volatility of yesterday, and hopefully you all were able to realize some gains! So let’s see where the markets take us today, and have an amazing time!
S&P 500 Heat Map - 08/05/2026
Thoughts & Comments for Today - 08/06/2026
Today is going to be a fun time for the markets. With the volatility we are experiencing, I am going into today with the idea that we are either going to reject super hard from this level, rally toward new all-time highs, or watch as general market conditions remain relatively constant and we see neutrality and chop. Two of these conditions are going to be less than ideal, and one is going to provide us with the confidence necessary to cause the markets to break out.
So, a couple things to consider at this level. As bad as this sounds, these are some great market conditions, but this is NOT the time to attempt to allocate long in the markets. Yes, you can make some money if you attempt to scalp or daytrade on an intraday basis, but with the markets at an all-time high, it is almost going to be hard to justify entry at this level, mostly at the price that everything is trading at.
Just note that if you are attempting to enter into any positions today, make sure to look back at the pricing of the organization you are attempting to enter, and think rationally about the allocation. If you were uncomfortable purchasing an organization like $ORCL back at its 52-week low at $115, why are you now FOMOing in at $140? It just does not make sense, but this is exactly how a lot of traders think, which results in losses being generated.
Obviously, I am not going to advise that you don’t attempt to trade or allocate at this level, I think that it is 100% necessary that you look to allocate and take on risk here in the short term as there are going to be opportunities presented to us consistently, but be careful if you heard our messages about allocating long in the markets while there is deep value, to only allocate a week after once everything has moved up.
This is a reminder to always buy when there's blood in the streets…even if it’s your own blood.
Make some smart decisions, allocate properly, and do everything in your power to maximize your profit potential.
These market conditions are absolutely beautiful, and I genuinely believe we are going to have some great opportunities to scalp and trade on an intraday basis; it all just comes down to where you attempt to allocate at this point and how much confidence you have in your ability to navigate. Assuming you are purchasing deep-value organizations that have genuine potential and following the momentum, I do not see a reason why you cannot continue to capitalize on these conditions.
Please, just be smart and practice risk management. I have been saying to increase your risk exposure in these conditions and I still do believe that, but at the same time, with the current placement of the markets, I do have to warn about the realities of attempting to allocate now and getting caught, so make sure you have stops in place to limit your downside risk, and as long as you are making smart allocations, you are going to be in a great place that provides us with insane potential. So please, go realize some gains and make the most out of today, as these conditions are going to be amazing!
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, $SPCX, $TSLA, $ORCL, $INTC, $MU, $SNDK, $NVDA
Speculative: $PTLO, $AIFF , $RIVN
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 08/06/2026 (ET):
Initial Jobless Claims - 8:30 AM
U.S. Productivity - 8:30 AM
Wholesale Inventories - 10:00 AM
Notable Earnings for 08/06/2026:
Pre-Market Earnings:
Conoco Phillips (COP)
D-Wave Quantum (QBTS)
Datadog (DDOG)
Energy Fuels (UUUU)
Himax Technologies (HIMX)
Viatris (VTRS)
Cheniere Energy (LNG)
Fiserv (FISV)
Constellation Energy (CEG)
21St Century Fox Class B (FOX)
After Market Earnings:
DraftKings (DKNG)
Airbnb (ABNB)
innodata (INOD)
Applied Optoelectronics (AAOI)
10x Genomics (TXG)
Trade Desk (TTD)
MP Materials (MP)
Atlassian Corporation (TEAM)
Roku (ROKU)
AFLAC (AFL)
Wrap up
This is going to be an interesting day for the general markets. I hope for the best but am expecting some general difficulties and volatility. Please make sure to practice safe risk management, but take on the proper amount of risk in these conditions. Opportunities are going to be presented to us consistently, so have an amazing time and make the most of the strength presented to us! This is going to be an amazing day, so let’s have some fun and realize some gains!
Good luck trading, and let’s see $SPY recover to all-time highs!