HaiKhuu Daily Report 5/18/2022
Good morning and happy Wednesday everyone! Hope you all are doing well and feeling amazing after the insane trading day we had yesterday!
Today should be another great day for the market. Let’s have a great time and make some BANK!
Thoughts & Comments from 5/17/2022
Yesterday was a beautiful day for the stock market, yet quite intense for the markets. Futures were beautifully green and we started the day up roughly 1.5%. Markets slowly came down for the first hour and a half and dropped 0.8%. After $SPY hit a low of $402.60, markets rallied up into Jerome Powell speaking to the Wall Street Journal.
While JP was speaking, the markets came down roughly 0.75~1%. Once he was done speaking, the markets rallied into close, making new intraday highs.
$QQQ (NQ) closed at $306.17 +7.73 (2.59%), Intraday Movement +0.56%
$SPY (ES) closed at $408.32 +8.23 (2.06%), Intraday Movement +0.44%
Beautiful day for the stock market and anybody who had any active live positions.
$SPY 5/17/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 5/18/2022
I’m highly optimistic about trading today, but not feeling the best about the markets. Things are not looking the greatest pre-market as we are down from close at the time of me writing this report, but things are not looking terrible. ($SPY PWWR $406.50).
We are officially now in a range where we actively have to manage our downside risk. Markets can come down just as easily, and harder than they’ve moved up over the past couple of days. Just remember, $SPY was at $385.15 just on Thursday.
Have stop set on the positions you’ve purchased over the past couple of days in guaranteed profit to minimize the amount of risk by literally guaranteeing yourself that you will sell your equity right around a price that you are personally comfortable and happy taking. Don’t be greedy in the process of doing this.
Markets have treated us all nicely and hopefully, this is a continuation of a beautiful bullish trend upwards. But as always, continue to tread lightly in these market conditions, but be aggressive and meaningful with your plays.
I can see us chopping at and around the $400 level on $SPY for a little prior to picking a direction. Ideally, we continue to blindly move up, but in the case we break major support levels, brace for impact.
Seize any opportunities you see present themselves and realize some gains while you can.
I’ve been having a great time selling 0DTE SPX put spreads. It’s a great way to capitalize on the relatively high volatility of the market, while only having to take short-term risks. This is I would not recommend this strategy to anyone who is inexperienced in the market, but I would highly recommend this strategy to anyone who is experienced in selling options.
If you have any questions about these spreads, please feel free to ask us about them here in the call after markets slow down for the day, we are more than happy to answer any questions you have in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was an interesting day for the markets. We were not able to outperform the pre-market movement of the market, but we were able to beat the S&P with intraday movement. We were able to generate a +0.47% return on AUM.
We have had a lot of success selling 0DTE $SPX spreads and I plan on continuing to do this on the account until we formulate a new strategy to generate income on the extra capital we have on the side. In the meanwhile, we will continue to allocate into positions as normal on the account utilizing our BAOSAC strategy.
I am planning to only be slowly entering into these positions today and will scale positions accordingly as the market condition changes.
All positions will be posted live prior to markets opening in the HaiKhuu Discord and continual updates will be set as I enter and exit more positions in the account.
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 5/18/2022
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 , $TSLA , $MSFT , $AAPL , $SOFI , $CPRT*
Free Equity List:
Safe -$SPY
Risky- $AAPL, $BABA , $AMD , $MSFT , $NVDA , $SOFI
Swing Opportunities:
I highly recommend you all start setting stops in guaranteed profits on all allocations you are currently green on and start to sell CSPs on large tech at a price you are comfortable and happy with. Make them spreads if you want to utilize less capital.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Major Tech Organizations - $AAPL , $MSFT , $GOOGL, $TSLA
Major Splits - $GOOGL , $AMZN
Relatively Safer Long - $BA
Under Priced - $PYPL , $SOFI
High Risk - $BABA
Economic News for 5/18/2022
Building permits (SAAR) - 8:30 AM ET
Housing starts (SAAR) - 8:30 AM ET
Notable Earnings for 5/18/2022
Pre-Market Earnings:
Baidu (BIDU)
Target Corp (TGT)
Analog Devices (ADI)
TJX Companies (TJX)
Dynatrace (DT)
ZIM Integrated Shipping (ZIM)
Lowe's (LOW)
Shoe Carnival Inc (SCVL)
Colgate-Palmolive (CL)
Arcos Dorados (ARCO)
After-Market Earnings:
Trip.com (TCOM)
Copart (CPRT)*
Synopsys (SNPS)
Bath & Body Works (BBWI)
GDS Holdings (GDS)
CI&T Inc (CINT)
Wrap up
Make some money trading today, have a great time but just be sure to practice safe risk management. Don’t make any dumb plays, capitalize on this volatility and protect your downside risk. Set stops in profit on positions you’ve opened in the past couple of days and tread lightly if the markets.
Good luck trading today, it seems like we are going to need it!
If you are not a part of our free Discord , click HERE to join