HaiKhuu Daily Report 6/02/2022
Good morning and happy Thursday everyone! Hope you are all doing amazing and are well-rested.
Today should be another grind of a day for the markets. Get excited, as things are looking alright. Trade quickly, make smart positions, tread lightly, and practice safe risk management.
Markets are going to continue to be tough over the next couple of weeks/months. Keep your head up, keep learning and continue improving yourself as a trader.
Thoughts & Comments from 6/01/2022
Yesterday was a gross day for the markets. We saw a lot of organizations drop heavily after moving up in the premarket session. We saw $SPY come down 2% from the highs, move back up through the middle of the day, and sell off a little into the end of the day. $SPY closed the day at $409.59 -0.81%, with an intraday movement of -1.35%.
There were many opportunities to make a significant amount of money, but many opportunities to also get burnt. It was a great time watching the markets and but very difficult to navigate them.
Overall, it was a pretty alright day with lots of potential to capitalize on the volatility and momentum, but tough actively managing positions. There was not much you could have done if you were managing long positions or trying to purchase any allocations intraday.
It was a great scalp and day trade opportunity at the bottom, but it was just a gross day for the markets.
$SPY 6/01/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 6/02/2022
Today I am feeling better about market conditions, but I would advise everyone to tread as lightly as possible right now. Set stop in guaranteed profit for the allocations you have, only go light on new allocations you want to create. Having extra cash on hand to purchase equities in the case that things fall is not a terrible play.
As long as we hold this 400 level on $SPY, we can play with more confidence and be more comfortable in the market, but if we do happen to break that 400 support level then we are back into a sketch market territory.
Limit the amount of exposure that you have, and manage your downside risk. Sit back and capitalize on the markets when given an opportunity, but make sure to tread lightly.
Lots of people are recommending safety plays and holding cash right now. Typically I wouldn’t agree with them as I feel there are lots of opportunities to trade, but I am starting to agree with their opinions.
This is obviously this is not the ideal situation, I’d love to see the markets continue to rip up to all-time highs, but you all understand the current market conditions. Markets are going to continue to be sketchy over the upcoming weeks and months. Please be safe and have please be careful.
I personally will start to take some allocations off the table, but continue to have strong exposure for positions that I have faith will be able to weather a short-term storm. A move I highly recommend everyone to take is to set up a DCA plan for organizations they want to invest in and hold for a long time.
If you are looking for a couple of lifetime investments; look into setting up a DCA & Drip on $GAIN
If you want to start a “safer” DCA look into starting to purchase travel slowly over time, Boeing, AAL, NCLH
If you want a risky Riskier DCA, look into purchasing major tech like Apple, Google, Microsoft, and Amazon
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 alright yesterday. With the markets down -1.35% from Open to Close, the BAOSAC system was able to beat the markets by only generating a loss of -1%. The intraday alert system generated a net loss of -0.47%. The pilot as a whole lost roughly -0.37% including two plays that were losing alerts, without those alerts we generated a net return of -0.28%. Unfortunate that we were not profitable, it was almost impossible to be profitable utilizing a BAOSAC system yesterday, but C’est la vie. We still beat the market by about +1% in the pilot.
Positions will be generated as normal for today, we are going relatively light only allocating roughly 30% of our capital today. Everything will be presented as entries prior to open. Extra capital not utilized will be going towards intraday trading alerts. I’ll make a post in regards to how I personally allocate with the exit points explaining how I take each alert 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.
Generated entries for 6/02/2022
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 , $TSLA , $AAPL , $MSFT , $BABA , $SOFI , $AMD , $NVDA , $INTC
Free Equity List:
Safe -$SPY
Risky- $AAPL , $BABA , $AMD , $MSFT , $NVDA , $SOFI
Swing Opportunities:
Start setting stops on long equities that you are holding and continue to DCA on long-term investment opportunities. Cash will be king, but just make sure you have plans to continue growth and exposure.
CSPs are great right now while volatility is high and equities are cheap. Sell whatever you can afford, at prices you have confidence in.
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 6/02/2022
ADP employment report - 8:30 AM ET
Initial jobless claims – 8:30 AM ET
Continuing jobless claims – 8:30 AM ET
Productivity revision (SAAR) - 8:30 AM ET
Unit labor costs revision (SAAR) - 8:30 AM ET
Factory orders - 10 AM ET
Core capital good orders revision - 10 AM ET
Notable Earnings for 6/02/2022
Pre-Market Earnings:
Cae Inc (CAE)
Ciena Corp (CIEN)
Designer Brands (DBI)
Duluth Holdings (DLTH)
Hormel Foods (HRL)
Toro Company (TTC)
After-Market Earnings:
Lululemon (LULU)
Crowdstrike (CRWD)
The Cooper Companies (COO)
Okta (OKTA)
HashiCorp (HCP)
Asana (ASAN)
Samsara (IOT)
PagerDuty (PD)
Zumiez (ZUMZ)
Wrap up
Overall, good luck trading today. Things should be interesting again today for the markets. Capitalize on the volatility and momentum when you are given an opportunity, but make sure you are practicing the highest level of risk management and assuring you limit your downside exposure.
Good luck trading everyone, realize some gains, and make sure to stay hydrated!
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