HaiKhuu Daily Trading Report

Good morning and happy Monday everyone! Hope you all had a great time over the weekend, are feeling refreshed, and are ready for what is going to be another intense week for the markets.

Thoughts & Comments from Last Week (May 16-20th)

Last week was a sketchy one for the markets. Things were looking alright to start the week with $SPY above the $400 support level and people excited to hear Jerome Powell speak. Markets moved up roughly 2% into close on Tuesday after JP spoke.

Wednesday started the disgusting downturn. Markets dropped roughly 7% from the highs of Tuesdays to the lows of Friday.

Friday opened up nicely with the markets being up roughly 1.5%… Then it was announced that Elon Musk has a possible scandal involving a SpaceX employee causing #ELONGATE to go viral, and it impacted both $TSLA and the markets. $TSLA dropped 11% from the top to the bottom, and the markets dropped about 3-4% as a result.

With that massive sell-off, we officially hit BEAR MARKET territory.

After this announcement on Friday, as the markets are trying to scare people and sell their positions for cheap, markets rallied HARD through the last two hours of Friday. $SPY moved up 2.4% from the bottom and the markets closed black for the day. $SPY +0.044%.

Overall, there was great volatility and momentum you could have capitalized on with the markets last week. Successful traders should have had an amazing time but I’m sure it caused some extra gray hairs. Anyone with long holdings should be sitting on their hands and holding their long positions strong. It was a tough week for them as well as anyone who has had any market exposure in general.

Markets have closed down for the 7th straight week in a row. Hopefully, we see a rebound this week. But wow, these conditions are tough.

Ideally, we do see an opportunity to actively purchase equities with confidence again soon. Continue to stay strong in this downturn, it sucks in the short term but it will not last forever.

Thoughts & Comments for Today 5/23/2022

Like I said before, this is going to be another intense week for the markets. Please be sure to actively practice safe risk management at all times. Be aggressive with your trades, but have hard stops in place to actively limit your downside potential. I feel both the bulls and the bears will have great opportunities to win this week, it’s just a matter of being able to time things out as well as having strong enough hands to hold through the short-term volatility and BS.

Markets have moved up in the futures session into Pre-market today. $SPY PWWR $393.61. Things are looking good for the day and I am optimistic about what can happen, but I am skeptical of what is to really happen. I still have the same long allocations that I’ve been holding and will be actively trading the same as what I have been in the past. I am treading extremely lightly right now in terms of continuing to allocate capital. The only main allocation I have actively growing is that daily DCA on $GAIN.

I would advise everyone reading this to be actively capitalizing on the market volatility and actively trade but tread lightly.

The prices of equities are cheap right now, but I believe that things can go down lower. If you do want to start allocating money, please only create light starter positions.

Companies I would look to get starter allocations on: $BA, $AAPL, $GAIN

The safest move at the moment is selling Cash Secured Puts on organizations you have confidence in. Look to sell close to expiration, OTM contracts at a price that you are personally comfortable and confident purchasing the equity at.

Even if you don’t feel this is the bottom yet, still continue to purchase strong equities that you have confidence in as general market exposure. Regardless of how the markets are doing, it’s always good to have exposure.

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

HaiKhuu Proprietary Algorithm Report:

Algo system did okay on Friday. The pilot was able to mitigate most of the losses on $SPY by closing out of positions early for a slight loss, not having to incur the majority of the downtrend, but unfortunately, due to this mitigation or risk, we did not have a large amount of exposure going into the final two hours of the trading day.

Today the allocations will be made relatively lighter for safety reasons due to the location we are at with the markets. I’d rather be safe than sorry right now. I will average into any position at the price that is sent via our intraday alert system.

All positions utilizing our BAOSAC system will be published prior to the market open. Any positions entered after that will be alerted in real-time.

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 , $QQQ , $BABA , $GOOGL , $TSLA , $BA, $AAPL , $TWTR , $SOFI
Free Equity List:
Safe - $SPY , $AAPL , $MSFT
Risky- $QS , $AI , $BABA , $SOFI
Swing Opportunities:
I highly recommend holding cash right now and selling CSPs with that cash.
If you want to get exposure, look for the list of long equity positions below and get starter allocations in positions with long opportunities, I’d highly recommend a DCA on $GAIN, entry positions on $BA, and $GOOGL for tech.
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 5/23/2022

None scheduled.

Notable Earnings for 5/23/2022

Pre-Market Earnings:

China Automotive (CAAS)'
Niu Technologies (NIU)
Xpeng Inc (XPEV)
Star Equity Holdings (STRR)
Heliogen (HLGN)

After-Market Earnings:

Zoom (ZM)
Heico Corp (HEI)
Advance Auto Parts (AAP)
Nordson Corp (NDSN)
Skyline Champion Corp (SKY)
Afya Limited (AFYA)
WalkMe Ltd (WKME)
Agora Inc (API)
Nautilus Group (NLS)
Applied UV (AUVI)

Wrap up

Be careful trading today, tread lightly and trade diligently. No economic news to watch out for today, but there should be a decent amount of momentum after the past couple of weeks. Lots of buying opportunities but be skeptical.

Be smart and let’s make some bank!

Have a great day everyone and make sure to stay hydrated!

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HaiKhuu Daily Report 5/23/2022