HaiKhuu Daily Report 5/11/2022
Good morning and happy Wednesday! Hope you all are excited for a phenomenal day on the market and are optimistic for what is to come.
This should be another intense day for the market and I hope you all are ready to capitalize on the volatility and momentum that is presenting itself in the markets.
Thoughts & Comments from 5/10/2022
Yesterday was an absolutely insane day for the markets.
Things were looking good directly from open. Markets were up 1.5% things prior to deciding to come down. At approximately 10 am EST, things started to sell off to a level we haven’t seen for a long time.
$SPY dropped from ~$404 at the high to a low of $394.82 making a new 52-week low. $SPY quickly moved back up to $403 after lunch and closed at $399.09. Overall, markets only closed up 0.23%, but if you look at the movement, things were stupidly heavy. Up 2%, Down 2%, back up 2% and back down 1% into close. It was an overall gross day for the market but C’est La Vie.
The gross part of yesterday is we marked green by 0.23% on $SPY, but open to close, markets came down 1.34%.
$SOFI was disgusting yesterday. Close on Monday was $5.97, $SOFI reached a new all-time low of $4.82 prior to halting that their earnings report came out early. It was very odd watching $SOFI be halted for three hours, but it was nice watching $SOFI recover from the bottom. A technical glitch caused them to publish the report early.
The position looked interesting. $SOFI closed at $5.25 after reaching a high of $5.78. PWWR $5.51 +0.26 (4.95%).
Crypto has been going insane. Over the past week Crypto has gone down roughly 20~ percent across the board. Some obviously got hit more and some got hit less, but overall it’s been coming down. I will start to get an allocation in crypto soon if this is the bottom, I am not comfortable nor confident in purchasing yet, but I might have to pay a premium to start an allocation in ETH.
$SPY 5/10/2022 ONE MINUTE INTRADAY CHART
$SOFI 5/10/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 5/11/2022
Markets are looking nice going into open.
We are up roughly 1% from close yesterday at the time of writing this report. PWWR $SPY $403.65
I am very optimistic to see what will happen in the markets today. Things should be volatile as we are around the $400 support level on $SPY and have broken below and closed under $400 twice while opening back up above $400 again. This should lead us to have another interesting day for the markets, mostly with CPI data coming out at 8:30am EST today.
It is not the worst time to start to pick up equities for a relatively cheap price. There is a lot of active selling for a loss currently on the markets. You can capitalize on people's panic selling if you are holding cash and are able to get a starter position on equity or averaging down on equities you already have accordingly. Just make sure you are practicing safe risk management, and are not overleveraging your portfolio. As long as you are purchasing/investing in equities you have confidence in then you will be fine through the short-term turbulence.
Selling CSPs are nice right now as equities are cheap and you are able to get a high premium as volatility is high. Sell contracts that are relatively closer DTE. Farthest I recommend is 37 DTE, but ideally sell May 20th 22 9DTE contracts.
You can sell spreads on almost any major tech organization and get some great premium in the process.
All the companies I am looking at purchasing are disclosed below in the watchlist portion of the report.
If you want to watch any of my allocations happen in real-time, make sure to join the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was a disgusting day for the Pilot. Utilizing the BAOSAC you would have net a loss of -1.46%, having the general markets beat just by a slight margin. It is unfortunate that the algorithm was not able to beat the market, but as you know what they say. C’est La Vie.
Thankfully, while navigating the pilot, I was actively able to manage our allocations and cut for a total of -0.9% loss. It is unfortunate that we did not retain profitability yesterday on the market, but at least we beat the intraday movement of the $SPY.
As a result of yesterday’s market conditions, we will only be allocating a light amount in the pilot today. I am planning for allocations to be less than 50% of AUM. The other half of cash will be utilized to sell 0DTE spreads when the opportunity is present.
All positions will be purchased in accordance to the confidence we have in the allocation with the exception of $AMGN where we will be allocating as only a 3-star instead of a 5-star.
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 5/11/2022
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 , $BA , $BABA , $TSLA, $AAPL , $AMD , $MSFT , $GAIN
Free Equity List:
Safe - $SPY
Risky- $AAPL , $BABA , $AMD , $MSFT , $NVDA , $SOFI
Swing Opportunities:
I highly recommend getting initial starter positions on equities that you personally have confidence in. Markets at these relative lows, yes is scary, but the prices are just so optimal. Get initial starter positions in strong organizations and have room to average down if necessary in the case the markets decide to come down.
Great organizations to look into getting starter positions: $BA , $AAPL , $MSFT , $AMD , $NVDA, $GOOG/L
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
$GAIN - Buy multiples of 200 in $GAIN to get one free share every month per lot of 200 you have
Economic News for 5/11/2022
Consumer price index - 8:30 AM ET
Core CPI - 8:30 AM ET
CPI (year-over-year) - 8:30 AM ET
Core CPI (year-over-year) - 8:30 AM ET
Federal budget - 2 PM ET
Notable Earnings for 5/11/2022
Pre-Market Earnings:
First Advantage (FA)
Fiverr International (FVRR)
Evgo Services (EVGO)
Krispy Kreme (DNUT)
Paysafe Group (PSFE)
Wendy's International (WEN)
YETI Holdings (YETI)
Wolverine World Wide (WWW)
Westwater Resources (WWR)
Tricon Residential (TCN)
After-Market Earnings:
Disney (DIS)
Manulife Financial (MFC)
Rivian Automotive (RIVN)
Sun Life Financial (SLF)
Coupang (CPNG)
ZipRecruiter (ZIP)
Beyond Meat (BYND)
Dutch Bros (BROS)
Sonos (SONO)
Vacasa Inc (VCSA)
Wrap up
Today is going to be an interesting day for the markets. Be prepared for 8:30 am EST, hopefully the markets pump by the time I am reading this again to the discord.
I hope you all are ready and excited for what is to come with the markets today. Make sure to practice safe risk management and stay hydrated!
Have a great day!
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