HaiKhuu Daily Report 5/09/2022
Good morning and happy Monday! Hope you all had an amazing mothers day and a phenomenal weekend!
This is going to be an insane week. Hope you all are ready for what is to come. We will see a lot of volatility and momentum this week. Make sure to capitalize on the momentum and limit your downside risk. We are approaching major support levels on the indices and major organizations. Please be EXTREMELY careful in these current market conditions.
Markets are not looking the best at the time of writing this report, but you know what we all say. C’est La Vie
Thoughts & Comments from the week of 5/2/2022
Last week was an insane week for the markets. We hit a high on Wednesday into close when $SPY rejected $430. We sold off heavily Thursday, and that sell-off is continuing into the time of writing this report. $SPY in real-time has just made a new pre-market low of $404.25. We are down roughly 6% on the major indices from the highs on Thursday. It was a tough week for anyone who was holding any long allocations in the market, but there were plenty of opportunities to actively trade momentum and capitalize on the volatility.
Overall, terrible week though but not much we can do about it other than sit back and actively attempt to manage our long positions. Hopefully this week will be significantly better but it will be interesting to see what happens this week.
$SPY 5/06/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 5/09/2022
Today is going to be a tough day for the markets. I will be treading VERY lightly. My plan for the day is to continue to hold the same long positions that I’ve personally allocated while managing intraday scalps and day trade when I see the opportunity to do so. My allocations will be relatively light in the markets today if I decide to take any trades.
Cash will be king to buy the opportunities that present themselves. Be strong and purchase opportunities and equities that you have confidence in. But stay light. Only get a starter position you can average down on and start selling puts on positions you want to get in the future. I will not be purchasing any long positions yet but I am looking to sell CSPs on $MSFT, $AAPL, and $BA.
All of the alerts when I enter the position will be posted in the HaiKhuu Discord.
Please practice extreme caution in the markets right now as they are tough to navigate.
Good news though, you’re in good hands. We will navigate these open waters in the markets together.
Watch for our alerts and trades today. There will be a lot of opportunities to trade. Don’t get greedy and take wins off the table when you deem fit.
HaiKhuu Proprietary Algorithm Report:
Pilot account has been doing alright in the current market conditions. As a result of the downturn of last week, we are unfortunately not profitable anymore on the Trading Pilot. We are still beating the markets by a long shot and I am still confident in what we are doing, it’s just been a tough couple days to actively hold positions. All of the losses will be easily made back with just a single good day or two on the market when we have confidence in a heavy allocation.
Today, the pilot will only be allocating roughly a third of it’s capital into live trades today. This is not due to a lack of confidence in the system, but a lack of confidence in the market. I would rather us allocate lightly on a day like today. Everything will be allocated as normal utilizing a linear scaled entry in accordance to our power confidence model.
We are launching a live beta of our new intraday trading algorithm. It will be presented in the same format before, but it has been improved heavily. The system will generate these positions in real time with an updated price at open. We still recommend you utilize the system that we use for the Pilot trading account, but this system is more user friendly to pick and choose positions you’d like. Please be careful utilizing this system today due to the current market conditions. On a day with more confidence in the market, this system will work out beautifully for everyone. Please be on the look out for these new alerts!
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 5/09/2022
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 , $GOOGL, $BABA , $MSFT , $AAPL , /CL , $AMZN , $TSLA
Free Equity List:
Safe - $SPY
Risky- $AAPL, $BA , $AMD , $MSFT
Swing Opportunities:
Cash is king right now. But if you are looking to start to allocate some capital, look to sell CSPs on large tech organizations that have been hit hard while volatility is high. This is a perfect opportunity to sell CSPs again.
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 5/09/2022
Wholesale inventories (revision) - 10 AM ET
Consumer 1-year inflation expectations - 11 AM ET
Consumer 3-year inflation - 11 AM ET
Notable Earnings for 5/09/2022
Pre-Market Earnings:
Duke Energy (DUK)
Exelon Corp (EXC)
BioNTech (BNTX)
Tyson Foods (TSN)
Palantir (PLTR)
Energizer (ENR)
Elanco (ELAN)
Jones Lang LaSalle (JLL)
AECOM (ACM)
Coty Inc (COTY)
After-Market Earnings:
Suncor Energy (SU)
Simon Property (SPG)
Microchip Tech (MCHP)
Novavax (NVAX)
Upstart (UPST)
Plug Power (PLUG)
Zynga Inc (ZNGA)
Clover Health (CLOV)
RingCentral (RNG)
AMC Entertainment (AMC)
Wrap up
Please be extremely careful on the markets today, tread lightly, buy the dips. Trade the momentum and seize the day.
Let’s make some bank and have an amazing day!
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