HaiKhuu Daily Report 4/25/2022
Good morning and happy Monday! Hope you all have had a wonderful weekend and are ready for what is going to be an intense day on the markets. Before I say anything, stay strong we are going to need it for a day like today.
Thoughts & Comments from 4/22/2022 & Last week
Last week, was terrible week for the market. Things looked amazing as we moved up. We touched the $450 resistance on $SPY and things were looking beautiful. After touching the $450 resistance a single time, the markets just decided to literally die.
Markets are down over 5% since the highs of Thursday and we are back in fear territory. This is the lowest points markets have been in the past month and there is no sign of a bottom at the moment.
Please be extremely careful when approaching the market.
$SPY 4/22/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 4/25/2022
Markets are looking very sketchy right now. We are coming on a major support level at $420. I would advise everyone to actively practice 100% safety when it comes to the market, and to take as little risks as possible. Things can get a lot worst prior to getting better. Please be extremely careful when investing / trading.
If $SPY breaks this $420 support level, markets are unfortunately going to tests lows of the year, and things will come down even harder if we break that support level. At the moment we unfortunately will be playing a game of limbo, where the winner is the market and the bears, and the loser is our portfolios and the bulls.
We will have a lot of earnings this week, so this will be a VERY turbulent week on the market. I am hoping that the markets decide to let up as we are starting to get into the oversold levels, but hope is not a reliable strategy in the market. Hope for the best but prepare for the worst. We are back into the territory we were this time last month, where we have to continue to tread lightly and be cautious with the markets.
Please practice safe risk management with all of your positions. Do not go too heavy on any allocations that you are making and have room to average down on positions given it’s the correct timing.
Hopefully this is not the case, markets decide to rally. In optimistic news, markets have been hit hard so there is more potential for upside, in the case that we decide to move up, we have resistance psychological at 425/430 and daily cloud resistance at $431-$432. If $SPY is able to break through those levels, we need it to trend up in the daily Ichimoku cloud and break top resistance which will be at $441.87. This is a bold assumption that $SPY will do this, but in the case that it does, once $SPY breaks that top resistance and is holding above support, then we can become confident and bullish on the markets again.
This hit on the market will give us a great opportunities to be able to actively trade and purchase equities cheap. Please be careful when allocating in the market, but capitalize on this volatility. The only confident positions I would make right now is starting to sell CSPs on organizations you personally have confidence in purchasing. Sell at a price you personally are comfortable purchasing an organization at, then sit back and watch what happens. Either you collect premium or are purchasing equities at a price you are comfortable at.
$SPY 1-Hour Chart 4/18/2022 - Premarket 4/25/2022
HaiKhuu Proprietary Algorithm Report:
Algorithm last week fortunately and beat the market. The pilot is going well but unfortunately we did take a hit on Thursday and Friday bringing us down, but at least we were able to minimize losses on both days.
With the movement of the market and the location of the market today, we will not be purchasing ANY allocations right at open. We still feel comfortable and confident with the algorithm with a BACSAO linear entry model, but I personally do not have confidence in the market right now. In the case the markets gain some traction and I get confidence again, we might get into some allocations for the day. But at least from open, we are not purchasing anything.
In the case of any entries, I will alert them in the HaiKhuu Discord.
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.
Generated entries for 4/25/2022
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 , $TSLA , $GOOGL , $TWTR , $BABA , $AAPL , $MSFT , $SOFI , /CL
Free Equity List:
Safe - $KO , $F , $WMT
Risky- $AMD , $TWTR , $BABA , $MSFT , $AAPL , $SPY , $SOFI , $QS
Swing Opportunities:
Selling CSPs on large tech organizations that have been hit heavily recently at a price you are confident at:
$GOOGL , $AAPL , $MSFT , $BABA , $AMD , $NVDA , $PYPL
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 4/25/2022
No economic event is scheduled.
Notable Earnings for 4/25/2022
Pre-Market Earnings:
Activision (ATVI)
Bank of Hawaii (BOH)
Coca Cola (KO)
Otis Worldwide (OTIS)
Lennox International (LII)
HBT Financial (HBT)
Dorman Products (DORM)
Bank of Marin Bancorp (BMRC)
Community Bank System (CBU)
Washington Trust (WASH)
After-Hours Earnings:
TrueBlue Inc (TBI)
HomeStreet Inc (HMST)
Heidrick & Struggles (HSII)
Helix Energy (HLX)
Five Star Bancorp (FSBC)
Luxfer Holdings (LXFR)
RBB Bancorp (RBB)
SmartFinancial Inc (SMBK)
First Bank (FRBA)
Flexsteel Industries (FLXS)
Wrap up
Markets are sketchy today, Please trade diligently and practice safe risk management today. Don’t do anything too overly risky and prepare for what could be bad if we break this $420 support level on $SPY. Hope for the best, but prepare for the worst. Stay optimistic and capitalize on this volatility by selling some CSPs on organizations you have confidence in.
Good luck trading today & Stay hydrated!
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