HaiKhuu Daily Report 5/19/2022
Good morning and happy Thursday everyone.
Hope you are all alright and above water after yesterday. I am sure you’ve seen the headlines that yesterday was the worst trading day since June 2020. It was a terrible day for the market and it hurts more after having a beautiful green the day before. That was one of the most mentally taxing days on the market I’ve felt in a long long time.
It was a brutal day for everyone, and I hope you are alright mentally, physically, and financially. Please reach out to those who you know who may have been impacted heavily by yesterday’s market downturn and make sure they are alright. Markets go up, and markets come down. Life continues. What we do now as a result will be the determining factor.
If you are struggling with your mental health after yesterday or in general, please reach out to a mental health professional and get assistance if necessary. Be strong when times seem tough. Diamonds are made under pressure. Manifest your destiny and create greatness in doing so. Everyone has the potential for greatness, it’s just on them to achieve it.
I will be leaving this phone number here for anyone who might need it: 1-800-273-8255 (Suicide Hotline).
Use this time actively to reflect, change, and improve your trading strategy.
Work on yourself as a person and figure out what makes you truly happy in life. Do some self-reflection, and think about what truly makes you happy. Then, go out and make sure to do it today. Just because the markets are not looking the most optimal, does not mean you need to ruin your day.
Enjoy the day and seize any opportunities that present themselves.
Thoughts & Comments from 5/18/2022
Yesterday was a terrible day on the market as I stated before. It was the worst trading day since June 2020.
$SPY dropped 4.01%
$QQQ dropped 4.91%
$AAPL dropped 5.64%
$MSFT dropped 4.55%
$GOOGL dropped 3.93%
$AMZN dropped 7.16%
$TGT dropped 24.93%
$COST dropped 12.45%
$WMT dropped 6.79%
This drop is a result of weaker than expected earnings reports coming from the major retailers causing a general sell-off. Then as we broke major support levels on the major indices and everything just continued to sell-off across the board.
There was no clear indication that the markets were going to drop the way that they did. We broke below the major support level on $SPY at $400 and continued to sell off an additional 2.5% for the day.
It was an absolutely brutal day for the markets and I hope you all are doing alright.
$SPY 5/18/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 5/19/2022
As a result of yesterday, I am unfortunately for one of the few times not optimistic nor excited to watch what happens today.
I want the markets to rally up beautifully today. The selling of yesterday was absurd and we need a bounce. With the current pre-market movement of the day though, I am doubtful we will see the type of bounce that we need.
Personally I am going to be more reserved with my allocations today as a pure result of yesterday. I will be looking to sell some CSPs while volatility is high on $BA , $AMD and $BABA. I won’t be doing much trading today due to the skepticism on the markets.
I love and appreciate having each and everyone of you here and reading this report. Yesterday was a tough day for the market but what is done is done.
This is the point where we have to evaluate the market, it’s conditions and continue to move forward with our lives.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was a very difficult day for both the pilot along with the BAOSAC. The major hit of yesterday was selling highly OTM $SPX spreads. After taking some heat from some $SPX spreads into close we had to close for what was my worst trade of the year. Things were looking beautiful until we decided to have the worst day since June 2020.
C’est La Vie, we will be able to make all of the losses back from yesterday easily over time. The losses were not due in anyway to the algorithm and the play was solely an external play to utilize cash on hand to generate income. We are removing it from our strategy and will be following strict algoritmic plays on this account moving forward.
Today, the algorithm for the first time recommends making ZERO allocations in the market as a result of the sell off yesterday. I agree with this sentiment and will not be allocating any of the pilot in the markets today due to this.
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 5/19/2022
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 , $COST , $TGT , $WMT , $BABA
Free Equity List:
Safe -$SPY
Risky- $AAPL , $COST , $WMT
Swing Opportunities:
Holding cash and waiting today.
CSPs will be nice to collect premium on cash you have on hand, but waiting with cash in my opinion is the safest option.
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 5/19/2022
Initial jobless claims – 8:30 AM ET
Continuing jobless claims – 8:30 AM ET
Philadelphia Fed manufacturing index - 8:30 AM ET
Existing home sales (SAAR) - 10 AM ET
Leading economic indicators - 10 AM ET
Notable Earnings for 5/19/2022
Pre-Market Earnings:
Advanced Drainage Systems (WMS)
BJ's Wholesale Club (BJ)
Cae Inc (CAE)
Canaan Inc (CAN)
Eagle Materials (EXP)
Grab Holdings Limited (GRAB)
Kohl's Corp (KSS)
Lightspeed Commerce (LSPD)
Nano-X Imaging (NNOX)
Vipshop Holdings (VIPS)
After-Market Earnings:
VF Corporation (VFC)
Applied Materials (AMAT)
Palo Alto Networks (PANW)
Ross Stores (ROST)
Flowers Food (FLO)
Wrap up
It’s been a tough time on the markets over the past couple days. Please tread lightly and practice maximum risk management when trading right now. I would wait to purchase long equities and have cash on hand to make active plays.
Good luck trading today. We all are going to need it.
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