HaiKhuu Daily Report - 10/05/2026
Good morning and happy Monday!! Wow, I always feel like the weekend absolutely flies by, but that is a great thing because we get to come back here and enjoy another amazing week!
$SPY is relatively neutral at the time of writing this report. Obviously, this is not the best-case scenario, but at least we did not get larger-scale war news over the weekend resulting in major selling to occur. I think this week is going to absolutely fly by and present us with some great opportunities to trade and realize some gains.
Understand that these conditions are generally “less than ideal,” but given the way the markets are trending, there genuinely is a non-zero chance that we can make a new all-time high this week! I am not trying to get you all to be hyper bullish, but know that it can easily happen in these market conditions. So, with this said, make sure to maximize your profit potential, tread lightly, and practice safer risk management to make the most of this week.
Life is good and so are these market conditions, so let’s see where the markets take us this week, and enjoy the ride!
Also, if you have not checked out the WEEKLY PREVIEW, please check it out. This is going to be a hectic week for the markets, as we have FOMC on Wednesday and major earnings throughout the week!
Good luck trading today, and let’s see where $SPY decides to take us this week!
The updated $SPY daily levels are as follows:
Conversion Line Support: $766.97
Baseline Support: $762.45
Psychological Support: $760
Previous All-Time High: $779.37
Daily Cloud Support: $762.33
Thoughts & Comments from Last Week
Last week was a spicy time for the general markets. We got FIVE red intraday candles despite the fact that the markets moved up overall. Hopefully you all were able to realize a significant amount of gains in a short period of time and were able to maximize your profit potential in the process. Many major organizations rallied beautifully from the bottom, and traders could have easily realized a significant amount of gains!
We started last week with $SPY trading at $768.39. Market conditions were less than ideal as we dropped from the get-go on Monday, and watched as that weakness continued into Tuesday. This is where things got a little bit sketchy as $SPY came back down to the daily baseline support and daily cloud support. Market conditions were less than ideal, but regardless of sentiment, we were able to maintain support, no matter how many times we tested it, even if conditions remained sketchy.
There was a slight rally on Wednesday, though, as $SPY did move up slightly. Conditions were nice as $SPY opened the day trading at $766.45, watched as we rallied, and watched as $SPY made the official high of the day trading at $769.41. General market conditions at the top were great, as by that point, it was the official high of the week, but it was short-lived as the markets dove quickly into the end of the day, going on to end the day trading at $762.63.
Conditions only continued to weaken going into Thursday, where $SPY overall was not in a terrible spot, but we did go on and sell off and make the official low of the week, breaking below the $760 support, and making the official low of the day at $758.79. Obviously, not ideal market conditions, but with the way that everything trended, it provided us with opportunities to enter and allocate accordingly, regardless of whether you want to be bullish or bearish. We then recovered to $763.99 by close, and we were completely fine.
Friday is where things get a little bit confusing. We started the day with $SPY rallying during the pre-market session on strong economic news, resulting in us opening the day at $770.57, meaning that $SPY rallied almost $7 during the pre-market session. Conditions were great and remained strong throughout the morning; we went on to make the official high of the day, trading at $772.65, before watching as the markets dropped on general news. $SPY went on to make the official low of the day, trading at $767.15, leading into the lunchtime lull, before recovering back up to $770, and had a tough time testing and breaking that level. We maintained the level, but were not able to break resistance by close, where we officially ended last week with $SPY trading at $769.64, meaning $SPY was up almost $6 alone on Friday, despite being up $1.30 for the entire week.
What I will say about the market conditions of last week is that general market conditions were less than ideal. There was so much larger-scale neutrality that traders had a difficult time remaining consistent. This is essentially what I have been warning you all about. But hey, life is good and so are these market conditions, so let’s see where the markets decide to take us this week, and have an amazing time in the process!
S&P 500 Heat Map - 10/02/2026
Thoughts & Comments for Today - 10/05/2026
Today is going to be an interesting time for the general markets. With the way that everything is trending, traders should be excited yet skeptical heading into this week. Market conditions are looking strong as we are trading near all-time highs, traders are comfortable with the price that we are seeing, and there is enough volatility for us all to capitalize on in an extremely short period of time.
I genuinely believe that with the way that the markets are trending, under the assumption that everything continues to trade the way that it does, and that all economic data comes back strong, I genuinely believe that we can see a larger directional market shift in the near future, mostly leading into FOMC. Markets are strong; traders are allocating, despite being in fear on the Fear & Greed Index. As long as everything works out perfectly, I do not see a reason why we cannot continue to make new all-time highs in the near future.
Please, just continue to be smart with the way that you are allocating, and take on risk at the right times. Traders are going to be caught in a relatively tight spot where positions are expensive in these conditions, but at the same time, opportunities are presented to us consistently, regardless of the direction you are attempting to enter. So just make sure you are catching the right positions at the right time, and make sure that you are constantly adjusting your positions, whether it is setting stops, taking profits, or averaging up on a winning play; everything across the board is in a great position to provide us opportunities.
One thing to look out for specifically this week is all of the major tech and finance companies that dropped last week. If you look at the heatmap presented above, $SPY was up 0.2% overall last week, yet there are many organizations that are down exponentially more than that. If you look at organizations like $INTC, $META, and $JPM, just those organizations are down roughly 3% each; there are so many more companies that were down heavily last week that were carried by the chip and hardware sector, as $NVDA was up 4%, and $LRCX and $AMAT were up double digits.
So, I am not saying that all of these companies from last week are overly bullish and are going to go to the moon today, but given the way that everything is trending and the sentiment that traders are feeling, I believe that it is almost hard not to be optimistic going into today, knowing that opportunities will consistently present themselves to us as a result of the ongoing conditions, but it is just a matter of finding them.
I am personally skeptical of the momentum that is being built in these conditions and would prefer if the markets gave us a catalyst and reason why we should break out, but at the same time it is going to be essential to everyone that the markets remain solvent in the short term. Hopefully we start to break out over the next month leading into midterms and strong data, resulting in us breaking out and having justification for the move.
$SPY $800 can easily happen by the end of the year; we just need some sort of positive news like the war ending or something along those lines, then we can rally irrationally and have an amazing time in the process. But hey, regardless of everything, life is good and so are these market conditions. Just know that despite the market neutrality and irrationality we are experiencing right now, traders can and will easily realize a significant amount of gains as a result. Once we break out of this neutral point, expect an extremely large directional move.
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, $MU, $INTC, $ORCL, $PLTR, $GOOG/L, $NVDA, $SPCX, $SNDK
Speculative: $PTLO, $BABA, $RIVN, $AI
Long Dividend: $JEPI
Long Investment: $PTLO, $WMT
Crypto: $MSTR, SOL, BTC
Economic News for 10/05/2026 (ET):
Services PMI - 9:45 AM
Business Services PMI - 10:00 AM
Notable Earnings for 10/05/2026:
Pre-Market Earnings:
No Earnings Scheduled
Pre-Market Earnings:
No Earnings Scheduled
Wrap up
These market conditions are going to be spicy, mostly with the way that everything is trending at the moment. Please make sure to practice safe risk management and do everything in your power here in the short term to realize as many gains as possible. Life is good, these market conditions are better, so let’s have some fun and make the most out of today!
Good luck trading, and let’s kill it this week!