HaiKhuu Daily Trading Report

Good morning and Happy Friday. Hope you are all doing well after the bloodshed of yesterday.
Todays a new day. The markets will continue to go up and come down. Life goes on, and like I say, C’est la vie.

Thoughts & Comments from 4/21/2022

There is so much I want to say about yesterday, but there really is not much I want to say. Markets came down heavily, anyone with a long position or tried to buy the bottom had a terrible time, but the bears had a great day.

Markets were looking amazing after $TSLA decided to pump the whole market. $SPY was green right from open and went on to hit our $450 resistance level. $SPY rejected that level and came straight down into close. $SPY closed at $438.06, down over 2.5% from the high , $QQQ down almost 4% from the high.

Days like yesterday are why I have to continue to urge people to tread lightly on the market. If you felt the heat of yesterday and are feeling discouraged. It is alright to feel emotions, it is just human. But do not let one singular day on the market deter you from your goals, plans and dreams.

Anyone with long positions, anyone who tried to buy the dip, and anyone who just tried to trade at all yesterday, most likely got burnt. Don’t feel like it is just you who is feeling the pain. We all unfortunately felt it together.

Please don’t get discouraged by one day on the market. It sucks, but if you are here after a day like yesterday, congratulations. You are a more experienced, strong minded trader and able to outperform most.

$SPY 4/21/2022 ONE MINUTE INTRADAY CHART

Thoughts & Comments for Today 4/22/2022

With the markets selling off heavily yesterday, there is a chance that things are green for the day. I am optimistic for the markets, but I have to be realistic some times. Markets are not setting up the best for right now. We had that major sell off yesterday as well as markets did reach a new relative low last night. $SPY hit $435.88. Ideally we see the markets continue to move up sustainably all day and break this $440 resistance level. That would be the best case scenario for the day. If you are trading today, make sure to have stops in place for all active live allocations and assure that you are practicing safe risk management when entering into any positions.

I would still be careful on wanting to purchase long equities. Markets can continue to come down a little bit more. The best play right now that you can easily take with confidence is selling cash secured puts on organizations that are fundamentally solid, at a strike price you personally are comfortable and confident taking assignment on. I’ll go over some positions later on in the report.

Please, as always, make sure to practice safe risk management, I know I say it a bunch, but days like yesterday are the reason why I keep saying it.

With $SPY below this $440 resistance level, my hope is that $SPY continues to test and does NOT reject $440. In the case that $SPY breaks back above $440, we can be in a state where we are more comfortable and confident with our allocations and can be more aggressive. Until then, be reserved with your trades, but if you see opportunities to trade, take advantage of it.

In the case that $SPY does want to come down, we have cloud support on the daily at $431.18 and psychological support at $430 and $420. In the case the markets break this $430 level and holds, we will break down to $420 and possibly worst.

Continue to tread lightly in the market, but be smart with your allocations. If you have the intentions of long holding your positions, this short term turbulence should not mean anything to you. If anything, this is giving you an opportunity to average down on equities you already own, or start to make entries on positions. Be careful if you are trading and make sure to manage your positions accordingly.

HaiKhuu Proprietary Algorithm Report:

The algorithm did alright in market conditions yesterday. Utilizing the BAOSAC system would resulted in a net loss 1.2%. Still beating out the market, but just unfortunate as the markets were just straight down all day long. I was fortunately able to cut a significant amount of allocations from the portfolio early. I am glad both the pilot and the algo beat the market, but it is just unfortunate when it comes to a day like yesterday.

Today, we are looking to make 33 allocations in the pilot trading account. We will be utilizing 75% of our capital today instead of all 100% due to uncertainty with the market. All of the allocations will be created and posted in the HaiKhuu Discord prior to market open. All positions will be entered at market open with a linear scaled entry model in accordance to our power confidence system.

DISCLAIMER - Utilize these trades with caution. These predictions are generated via our proprietary trading algorithm without taking into account market conditions, news, or any external biases. We cannot guarantee success. Take these at your own risk.

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:
$SPY , $GOOGL , $AMD , $AAPL , $MSFT , $BABA , $TSLA , /CL
Free Equity List:
Safe - $KO , $SPY , $F , $MSFT , $AAPL
Risky- $QS , $AMD , $TWTR , $BABA , $NVDA , $SOFI , $PLTR
Swing Opportunities:
Look into selling CSPs on organizations that are fundamentally solid at a price that you are confident and comfortable getting assigned in. Organizations like $MSFT , $AAPL , $AMD & $NVDA. $BABA is a risky CSP play but will net you the highest premium and a couple gray hairs.
LONG OPPORTUNITIES:
(Note, these are risky long speculative purchases but have a lot of upside potential)
$BABA & $PYPL - Both heavily hit organizations that are severely undervalued.
$AMZN , $GOOG/L , $TSLA - Three stocks that in the near future will have a stock split
$CLM - High yield dividend play, buy and hold this over a lifetime. Turn on DRIP and forget about it

Economic News for 4/22/2022

S&P Global US manufacturing PMI (flash) – 9:45 AM ET
S&P Global US services PMI (flash) – 9:45 AM ET

Notable Earnings for 4/22/2022

Pre-Market Earnings:

Verizon (VZ)
American Express (AXP)
SAP SE (SAP)
HCA Healthcare (HCA)
Newmont Corp (NEM)
Schlumberger (SLB)
Kimberly-Clark Corp (KMB)
Cleveland Cliffs (CLF)
Regions Financial Corp (RF)
First Hawaiian Inc (FHB)

Wrap up

Please be careful trading today, markets are going to be tough but it is not something that you cannot navigate and handle. Be strong during the times of fear in the market. Markets are going to be turbulent and sketchy at times, but this gives everyone opportunities to watch and learn from the market and continue to improve your strategies on conquering the market.

Don’t be greedy, just sit back and let’s see what happens in the market together.

Hope you all have an amazing weekend & make sure to stay hydrated!

If you are not a part of our free Discord , click HERE to join

HaiKhuu Daily Report 4/22/2022