HaiKhuu Daily Report 6/01/2022
Good morning, welcome to June, happy pride month, and happy Hump Day.
June should be a better month for us all. Markets are typically flatter in June but that does not mean there isn’t an opportunity to actively trade and make smart, passive long allocations in the market.
Continue watching, trading, and investing. Realize some trading gains when given the opportunity, and have a great time this month.
Thoughts & Comments from Yesterday & Last Month 5/31/2022
$SPY ended the May -0.37% for the entire month. This on paper does not sound terrible, the movement itself was not too insane, but the movements within the month were insane and account destroying. To put this in perspective, $SPY moved up 3.5% at the beginning of the month, came down 8.5%, moved back up 4%, down 5%, then back up 6% to end the month. We hit a 52-week low, entered a “bear market” and popped directly back up in the span of only a couple of weeks.
It was a great time to actively trade in the market as there were a significant amount of opportunities to go long or short. The performance all comes down to the trader, their level of experience in the market, the timing of each play, and a little bit of luck. There were many opportunities to make a significant amount of money. But at the same time, lots of opportunities to get burnt…
Those who were caught being bullish in a downtrend got burnt, those who attempted to short as we moved up, got burnt. Those who timed things poorly got burnt. Stops were actively being tested and triggered all of last month. I am sure the market makers made way too much money.
Things are looking better for the market as well as more optimistic for the future, but as always, we have to be skeptical of the location of the market and tread lightly.
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Yesterday was a tough, yet beautiful day for the markets. Like always, there were many trading opportunities. Things were sketchy coming down directly from open, testing that $410 support level twice. Buying the $410 support level yesterday was a great purchase on $SPY and was a perfect bounce off a support level.
The markets yesterday were put honestly on easy mode if you were watching your technical analysis. I found that the markets really respected all of the technical signals. It was easy to go long at support levels and short down at resistance points.
$SPY overall was down 0.56% from the close on Friday, and intraday movement was only -0.11%. The total movement does not seem terrible as it was only down -0.11%, but again the intraday was absolutely insane. We dropped almost -1% from open, with $SPY being down more than 1% from Friday close, Back up +1.5% to the top, and sell off about -0.75% into close.
$BA did beautiful yesterday if anyone grabbed any allocations due to the recommendations. I still recommend purchasing some equity in the organization and holding.
$CRM was a sketchy, yet perfect short play after hours. I was thankfully able to cover my $CRM short at the bottom. Thankfully I was only light allocation and able to cover when I did. After looking at the options chain yesterday, it was clear that there was significantly more bullish optimism for the earnings. Wish I went significantly deeper or simply just purchased calls, but hey. C’est La Vie, a win is a win.
Thoughts & Comments for Today 6/01/2022
Today is looking alright for the markets, I feel that today will be a repeat of what we saw yesterday in the market. Lots of chop, but great opportunities to buy at the bottom, day trade, and reverse your allocation at the top.
Please be smart, safe, and quick with your trades. Only daytrade IF you have day trades available and don’t be greedy. Like I said before, there will be a significant amount of intraday chop resulting in stops continually getting hit and losing positions.
Ideally only purchase plays you have the utmost confidence in so you don’t lose money directly to chop. Don’t FOMO into any opportunities you missed out on, and don’t revenge trade when your emotions get involved.
The market makers love these conditions as they will consistently be making money due to the chop and people becoming emotional in the markets.
In the case you are in the mood to want to blindly burn some money; just send the money directly to my Venmo to save on commission costs. Don’t give that money to those market makers.
I’ll be trading a lot of $SPY, $BA and $AI* today given the opportunity to do so.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The algorithm and pilot did alright yesterday. As the markets came down, unfortunately so did the pilot. We almost exited if $SPY were to break the $410 support level, but thankfully the markets didn’t break that level and we held through the day. I personally exited everything in the Pilot at what was the top of the market to general minimal gains, but gains nonetheless. $SPY Intraday movement, -0.11%, BAOSAC movement, -0.1631%, Pilot +0.05%
The intraday alert system was able to capitalize on the movement though, that outperformed everything generating a net return of +0.29%
Today, everything will be entered as normal utilizing our BAOSAC system and watching for any good opportunities from the intraday alert system.
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 , $BA , $GOOGL , $TSLA , $AAPL , $MSFT , $BABA , $AMZN , $INTC
Free Equity List:
Safe -$SPY
Risky- $AAPL, $BA , $BABA , $AMD , $MSFT , $NVDA , $SOFI, $AI*
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.
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 6/01/2022
S&P Global US manufacturing PMI (final) - 9:45 AM ET
ISM manufacturing index - 10 AM ET
Job opening / Quits - 10 AM ET
Construction spending - 10 AM ET
Beige book - 2 PM ET
Motor vehicle sales (SAAR) - Varies
Notable Earnings for 6/01/2022
Pre-Market Earnings:
Affirmed (AFRM)
Capri Holdings (CPRI)
Conn's Inc (CONN)
Donaldson Company (DCI)
VersaBank (VBNK)
Weibo Corporation (WB)
After-Market Earnings:
Hewlett Packard Enterprise (HPE)
MongoDB (MDB)
NetApp (NTAP)
Chewy (CHWY)
UIPath (PATH)
Gamestop (GME)
Pure Storage (PSTG)
SentinelOne (S)
nCino (NCNO)
C3.ai (AI)
Wrap up
Overall, good luck trading today. I’m optimistic for today but am personally just treading lightly due to the location of the markets. I’m still holding long equities. Let’s see some beautiful movement today and just make sure to tread lightly and practice safe risk management!
Stay hydrated and go kill it today!
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