HaiKhuu Daily Report 5/31/2022
Good morning and Happy Tuesday everyone!
Hope you all have had a phenomenal long weekend and are ready for this short trading week!
Things were beautiful last week and things are looking extremely optimistic for this week. I do not want to be too overly confident as the markets can easily correct and bring us back into sketchy territories… but things are actually looking very optimistic right now.
Markets have broken major resistance levels and are building confidence in traders again. Ideally, we see $SPY close above $420 for the week. If this happens, I will be very confident and more aggressive with my trades as there would be a shift in confidence leading into the summer.
Thoughts & Comments from last week 5/23/2022 - 5/27/2022
Like I said before, last week was beautiful and insane for the market. We broke the seven-week downtrend we had on the indices and everything absolutely ripped. Almost everything across the board had some beautiful bullish sentiment. Some of the biggest winners of last week were;
$AAPL +8.76%
$TSLA +14.42%
$MSFT +8.19%
$AMZN +7.02%
$WMT +7.79%
$COST +13.05%
$JPM +11.87%
We really needed a week like last week after seven consecutive weeks of downtrending. We need to hold these levels that we are at, but there is significantly more confidence in the market now, compared to this time last week. Continue to tread lightly on this market as truly, anything can happen at any time. But, it is starting to be the time for you can be more aggressive with positions and trade allocations without having to worry as much in regard to the downside. Obviously continue to practice safe risk management and limit your downside risk.
Traders did phenomenal last week, Investors did phenomenal last week, Bulls had great opportunities to make money, bears did have a couple opportunities to make money early in the week.
Overall, very easy week for the markets, yet very difficult to navigate. It felt that the markets were going to come down at any point, but simply just continued to consistently slow grind up.
Great job everyone who has stayed strong, added to their equity positions over the past couple weeks and are now green on their allocations.
Heat Map for 5/23-5/27. LOTS of green
$SPY 5/23-5/27/2022 30-Minute Weekly Chart
Thoughts & Comments for Today 5/31/2022
Today is looking alright for the markets. Yesterday, $SPY opened up at $417.87 and things were looking green and absolutely beautiful. Since then, markets have come down roughly 1%. $SPY PWWR $412.55. Things are not looking the best with this continual downtrend through the futures / pre-market session, but at the same time, due to the location of where we are in the markets compared to what has happened over the previous couple of weeks, there is still significantly more confidence now.
Capitalize on this confidence in the market, make smart plays and realize some gains. Please though continue to tread lightly until there is a confirmation that this is a reversal sign and the markets are headed back up. Tread lightly with any positions that you might purchase and make sure you have stops set on everything. The best move would be to actively day trade and capitalize on the intraday volatility and momentum while purchasing strong equities and investing cash while equities are cheap. I personally am looking to trade a lot of indices today, as well as get more free equity in $BA for long exposure. My DCA on $GAIN is continuing to do its thing, and I would recommend everyone to continue investing while we have this opportunity to do so.
Make sure to take profits when you can and enjoy some realized gains and set stops to assure you are limiting risk on your open positions. Ideally, set these in guaranteed profits and move them slowly as the price of equities slowly climb.
Continue to purchase long equities that you feel are undervalued that have the confidence to hold and purchase more if necessary. $BA is one of my personal favorites to hold at this price. $BA right now is trading at roughly $130 a share, last week its low was $117.29.
In the short term, they are impacted by high oil prices, fulfillment bottlenecks, general Covid-19 pandemic BS, and the recent economic news. There is a substantial amount of upside potential with Boeing as a long hold over the next 2-3-5 years. You are safe buying and holding this position for a long time, as well as averaging down with confidence in the case there is an opportunity to do so.
PT $BA
Short term; $150, $175-200 (3-6 Months / 1 Year)
$150 Safe target, $175-200 Optimistic
Long Term; $200, $250-300 (1-3-5 Years)
$200 Safe target, $250-300 would need a long string of good news for multiple months if not multiple years. $300 is realistic but you need a significant amount of good news, as well as good market conditions. Do not expect to hit $300 on this play, but if $300 happens. NICE
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The algorithm did amazing on Friday, but we unfortunately did not beat the S&P’s 1.8% gain, but utilizing a full BAOSAC model the algorithm generated a return of 1%. Intraday alerts did amazing too, following those that would have net you a return of 0.5%. Great day for the market and a great day for the algorithm.
Today, everything will be entered the same way as normal prior to markets opening. Any alerts created will be sent in real-time, and any allocations made will be announced.
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 5/31/2022
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, $TSLA , $AAPL , $MSFT , $BABA , $SOFI , $AMD , $NVDA , $INTC
Free Equity List:
Safe -$SPY
Risky- $BA, $AAPL , $BABA , $AMD , $MSFT , $NVDA , $SOFI
Swing Opportunities:
Start getting light starter allocations for swing opportunities in either $SPY / $QQQ or in other major tech organizations like $AAPL, $MSFT, and $INTC
Look into allocating into $BA
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Major Tech Organizations - $AAPL, $MSFT
Major Splits - $GOOGL , $AMZN
Relatively Safer Long - $BA, $INTC
Under Priced - $PYPL , $SOFI
High Risk - $BABA
Economic News for 5/31/2022
S&P Case-Shiller national home price index - 9 AM ET
FHFA national home price index (year-over-year) - 9 AM ET
Chicago PMI - 9:45 AM ET
Consumer confidence index - 10 AM ET
Notable Earnings for 5/31/2022
Pre-Market Earnings:
KE Holdings (BEKE)
Burning Rock Biotech (BNR)
Nordic American Tanker (NAT)
Safe-T Group (SFET)
Seanergy Maritime (SHIP)
Nano Dimension (NNDM)
Kirkland's (KIRK)
After-Market Earnings:
Salesforce (CRM)
HP Inc (HPQ)
ChargePoint (CHPT)
Victoria's Secret (VSCO)
Ambarella (AMBA)
JOYY Inc (YY)
Digital Turbine (APPS)
FinVolution (FINV)
Wrap up
With the markets the way they are, be more aggressive and capitalize on the volatility and momentum that we have. Make sure to tread lightly and practice safe risk management. Realize some gains when you have the opportunity to do so. Set stops to limit your downside risk potential. Continue buying smart plays, and have a phenomenal week.
Good luck trading today everyone, today should be another intense week for the markets.
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