HaiKhuu Daily Report - 09/01/2026
Good morning and happy Tuesday! Man, these market conditions have been interesting and difficult to navigate. Hope you all are ready for what is going to be another extremely interesting time for the markets. $SPY is down at the time of writing this report and is only continuing to drop throughout the morning. These market conditions are going to be difficult to navigate today as fear is starting to pick back up in the markets.
We have officially rejected the daily conversion line support on $SPY, watched as crypto has fallen back down from the top, and people are starting to price in more possible rate hikes in the near future. So please, continue to tread lightly and practice safe risk management in these conditions, and understand that many traders are going to have difficulties remaining consistent during this irrationality. As long as you practice safe risk management though, you will be fine.
I’ll talk more about my general market sentiment here in a little bit, but until then, we are going to sit back, relax, and enjoy these market conditions!
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: $768.67
Baseline Support: $754.24
Psychological Support: $760
Previous All-Time High: $779.64
Daily Cloud Support: $740.74
Thoughts & Comments from Yesterday - 08/31/2026
Yesterday was a tough day for the general markets, and honestly was one of my worst trading days I’ve had in a while. The losses generated yesterday were nothing of any major significance, but it genuinely was a terrible time actively watching as the markets remained in an extremely narrow range and remained tight and choppy. Regardless of my thoughts and sentiment, I hope that you all had a great time scalping yesterday and were able to capitalize on some of the volatility!
We started yesterday with $SPY trading at $767.27. General market conditions were weak as $SPY dropped leading into open, and only continued to drop. For the first hour or so of the day, general markets only continued to fall, where we made the official low of the day trading at $764.72, and bounced back up slightly, to remain in the $765-766 range for essentially four hours straight. There was absolutely zero movement from that range through the back half of the morning, through the lunchtime lull, and into the early afternoon. Anyone who attempted to scalp there most likely did not have a great time, and anyone who attempted to trade options watched as there was continued neutrality in the process.
The markets did start to break out again during the back half of the afternoon, where $SPY finally was able to break above $766 for a brief moment leading into power hour, but came right back down to that $765 range before breaking out once again leading into close. We went on to make a new high of the day trading at $767.99 before coming back down into close, where we went on and officially ended the day with $SPY trading at $767.05, meaning $SPY was down 0.3%, or down roughly $2.30 overall.
So, what I will say about yesterday is that it was a nasty day for the general markets. Conditions were less than ideal, and if I am going to be completely honest, it was again one of my worst trading days I’ve personally experienced this year. Losses again were not significant, but the act of having to trade through neutrality and getting both chopped & stopped out of plays was absolutely terrible, but this is the reason why I always warn to make sure you are NOT fighting general market momentum, and are doing everything in your power to realize gains. So, let’s see where the markets ultimately take us today and have an amazing time!
S&P 500 Heat Map - 08/31/2026
Thoughts & Comments for Today - 09/01/2026
Today is going to be a tough day for the general markets with the way that everything is trending at the moment. We are seeing weakness being built up again during the pre-market session, and the general markets are in a state of confusion. We are seeing strength on an overall larger scale, but at the same time, we are seeing weakness on an intraday basis. Traders do not know what sentiment they should attempt to follow as a result of everything going on at the moment, but at the same time, with the way that traders are feeling, anything can happen in a short period of time.
But, to just give you all the facts about these conditions. We are quickly dropping back out of neutral on the fear and greed index as fear is starting to rise, and it is very interesting knowing that this time last week, we were in greed, despite the fact that we are down less than 1% from that point. Traders are scared in the short term over the smallest of bearish movements. This is not a good sign, but at the same time, it should provide us with a little bit of optimism, as any time there is irrationality and selling in the markets, there will be opportunities to take advantage of that irrationality and realize some gains.
The issue then becomes: how do you allocate properly, and which organizations should you look to allocate into?
For your allocations, if you are looking to swing trade or invest, you should be extremely skeptical of these current prices. Organizations are priced too irrationally to invest into with general confidence, but at the same time, there will be some great deep value opportunities presented to us. So it all comes down to where you are trying to purchase. Stay away from these higher-beta, overpriced equities if you are attempting to invest. But it is almost the complete 180 if you are looking to scalp or day trade. Those deep value opportunities are still going to be great mostly if you are attempting to scalp in the short term, but given the current market conditions and the volatility we are experiencing, the best move is going to be scalping and day trading those higher beta plays in the short term, because they will move the most in the quickest period of time, as well as display the most amount of confidence in the process.
Make sure that you are scaling in and out of your positions properly, because looking to take on too much risk in a short period of time ultimately ends up with you being shot in the short term and hoping and praying that the markets work out in your favor as quickly as possible. Obviously, that is the goal of investing in the markets, but given the current conditions and the way that everything is trading, you have to continue to remain as solvent as possible.
So, as long as you are allocating properly and are practicing proper risk management, the losses that will be incurred in the case that you are wrong should be minimized, and allow you strong opportunities to scale up your winners. Cut your losers quickly, and let your runners run.
One of my favorite strategies is to set stops right below a major support level, either psychological price or technical support, and attempt to scalp that accordingly. In the case that I am wrong, losses are minimized as much as possible, and in the case the position decides to break out from my price, I can then look to allocate accordingly, scale the position up, and have a great time.
Just be careful in these market conditions, with the inconsistencies we are seeing in both the equities market and cryptocurrency, being skeptical will get you exponentially better results than blindly allocating with confidence and coming up short. Mistakes happen, even by the best traders, so be smart, be safe, be rational, and you are going to have an amazing time!
So let’s see where the markets take us today, and do everything in our power to realize some gains!
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, $ORCL, $TSLA, $SPCX, $SNDK, $MU, $AMD, $INTC
Speculative: $PTLO, $BABA, $RIVN, $DKS
Long Dividend: $JEPI
Long Investment: $PTLO, $WMT
Crypto: $MSTR, SOL, BTC
Economic News for 09/01/2026 (ET):
Manufacturing PMI - 9:45 AM
Construction Spending - 10:00 AM
Job Openings and Labor Turnover Survey - 10:00 AM
Notable Earnings for 09/01/2026:
Pre-Market Earnings:
NIO Inc. (NIO)
Salsol Ltd. (SSL)
Rezolve AI (RZLV)
MiniMed (MMED)
Medtronic plc (MDT)
Yext, Inc. (YEXT)
After Market Earnings:
Credo Technology Group (CRDO)
Palo Alto Networks (PANW)
Dell Technologies (DELL)
MongoDB (MDB)
GitLab (GTLB)
Sportsman's Warehouse (SPWH)
Wrap up
With the way the markets are trending and the way that traders are feeling leading into today, please continue to be skeptical and realistic with your expectations. The best of traders will be a great time trading today, the biggest issue will be how consistent will everyone be. Hopefully everyone has perfect trades today and are able to realize gains with ease, but regardless of everything, life is good and so are these conditions, so make the most out of today!
Good luck trading, and let’s finally see the markets recover!!