HaiKhuu Daily Trading Report

Good morning and happy Monday / happy May! Hope you all are doing well and are ready for today!

This is gonna be a crazy month for everyone so I hope you all are ready, excited, and optimistic for what’s to come!

Thoughts & Comments from April

Last month was an absolutely insane month for the markets. Lots of chop, lots of disgusting movements, but a lot of opportunities to make some really consistent money while trading.

Two weeks ago we rejected the $450 resistance on $SPY and have just continued to tumble since then. (PWWR $413.92)

Things are looking optimistic as there is room and potential for some beautiful upside movement. We have to take into account the location of the markets in current situations, but we have to consider what can happen from here.

Earnings season is over so most organizations that would heavily impact the markets have already reported. There is nothing at the moment that can be used as a catalyst for the markets to continue to rip up indefinitely. Please be extremely careful when investing and trading. Tread lightly, practice safe risk management and always limit your downside potential.

We have broken below the daily cloud support on the indices and as a result, we are trading in no man’s land.
We have psychological support at $400, if we break $400 we are going to $380
We have psychological resistance at $420 and $440, and technical resistance at $430.

In the case we decide to move up, there will be a lot of chop headed up to those major resistance levels. Watch for $SPY to break above $420 prior to allocating too heavily into the markets and watch for a confirmation that we are above the $440 resistance level or breaking below $400 prior to having major confidence in the direction of the market.

Please be extremely careful in the month of May. Historically, May is a bearish month on the market as a lot of people will follow the old saying of “Sell in May and go away”. Realistically, this is something we have to watch out for but optimistically I hope this sell-off does not happen due to the location of the markets at the moment.

Thoughts & Comments for Today 5/02/2022

Markets are looking sketchy yet optimistic for a potential run today. Markets are up from the lows of close on Friday, but that is not a clear bullish indication for the markets. As we are below the $420 support level, I am going to continue to advise everyone to practice safe risk management with their allocations and do not go too heavy or over-allocate into any positions.

Things can easily recover from here, but just as easy as things can recover, things can come down. And in the case that they come down, please make sure to practice safe risk management and assure that you personally are limiting the amount of downside potential you have. The most aggressive traders right now will be the ones who make the most of these current market conditions. Be careful if this is you, as you will either be the most profitable trader in your personal circle or if things go poorly, you will be the one who loses the most.

Getting long allocations in the current market conditions is a little bit sketchy, but due to the location of the market, is starting to get to a point where you can start to average down and start looking at purchasing organizations you have confidence in. Personally, I would recommend you all to start selling CSPs on organizations that have been hit heavily recently to capitalize on the volatility in the market and assure yourself that you are only purchasing equities at a price you are both confident and comfortable purchasing at.

Please just be extremely careful today, I know I say this often but just continue to practice safe risk management in these market conditions.

If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.

HaiKhuu Proprietary Algorithm Report:

Friday was a great day initially, but as markets came down things took a turn for the worst. I believe Friday has been the worst day for the BAOSAC system. With a BAOSAC allocation, you would have generated a net loss of 2.54%. The algorithm did beat the market, but unfortunately, it was just a terrible day for the market.

To bring up some good news, though, as we were actively managing the portfolio, we were able to exit all allocations in the first half-hour of the day. We were able to generate a 0.3% return on capital. We did end the day red unfortunately due to purchasing market allocations for weekend exposure too early.

Positions will be dictated prior to markets opening in the HaiKhuu Discord.

We will be purchasing light allocations today. We are planning on entering roughly 35-40% of AUM at open, I will average down on positions accordingly assuming there is a shift in optimism in the markets. All positions will be entered initially with a linear scaled entry in accordance to our power confidence models.

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 , $BABA , $TSLA , $AMD, $FB , $AAPL , $MSFT
Free Equity List:
Safe - $SPY
Risky- $AAPL , $BABA , $AMD , $MSFT , $NVDA , $SOFI
Swing Opportunities:
Cash is king, be careful trying to get too many allocations right now. If you are looking for active plays to capitalize on the cash you have, look to sell CSPs on organizations you have confidence in.
High Risk - $BABA , $PYPL
Medium Risk - $BA , $AMD , $NVDA
Low Risk - $SPY , $AAPL , $MSFT
LONG OPPORTUNITIES:
(Note, these are risky long speculative purchases but have a lot of upside potential)
$BABA & $PYPL - Both are heavily hit organizations that are severely undervalued.
$AMZN , $GOOG/L , $TSLA - Three stocks that in the near future will have a stock split

Economic News for 5/02/2022

S&P Global US manufacturing PMI (final) - 9:45 AM ET
ISM manufacturing index - 10 AM ET
Construction spending - 10 AM ET

Notable Earnings for 5/02/2022

Pre-Market Earnings:

Moody's Corp (MCO)
Enterprise Products Partners (EPD)
Global Payments Inc (GPN)
WEC Energy Group (WEC)
ON Semiconductor (ON)
Loews Corp (L)
CAN Financial Corp (CAN)
Saia Inc (SAIA)
Affiliated Managers (AMG)
Park Hotels & Resorts (PK)

After-Hours Earnings:

Nutrien Ltd (NTR)
NXP Semiconductors NV (NXPI)
Williams Companies (WMB)
Devon Energy Corp (DVN)
Arista Networks (ANET)
Expedia (EXPE)
Mosaic Company (MOS)
Avis Budget Group (CAR)
Logitech International (LOGI)
MGM Resorts (MGM )

Wrap up

Good luck trading today, please make sure to practice safe risk management and make sure not to over-allocate into any positions today. Take profits when you have an opportunity and enjoy the day.

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

HaiKhuu Daily Report 5/02/2022