HaiKhuu Daily Trading Report

Good morning and happy Monday everyone! Hope you all have had an amazing weekend and are ready for what is going to be another intense week for the stock market!

As I start to write this report on Sunday night, futures are flat at the moment, but I am sure that there will be a lot that changes between now (8:57 pm EST) and tomorrow at open.

I am excited about what is coming in the coming weeks, but I would advise everyone to be careful, tread lightly, and set stops in guaranteed profits for allocations that you have.

We are in a sketchy territory for the markets, either we are going to pump stupid hard soon, or do as I expect, and unfortunately drop.

We have GDP numbers coming out at the end of the month, if we see GDP drop for two straight quarters, we will officially be in a recession. This is obviously not a great sign that this is in the discussion, but we can be optimistic for what is to come.

If things get better, we won’t have anything to worry about and the markets should continue to pump with good GDP numbers, but in the case that numbers are not good and we do enter a recession it is good that we are all prepared both mentally and physically.

Personally, I want to make this note before I go into anything today to let you guys all mentally prepare in the case that things do go array by the end of the month.

If we do go into a recession, make sure to be calm and collected. As I said, the situation is not ideal, but it does give us an opportunity to reflect and grow not only as a trader but as a person too.

My tips in the case we do enter a recession;

A recession is not forever, it sucks in the short term, there is always light at the end of the tunnel
This will give us great buying opportunities to buy strong equities at a discount
Have cash on hand to allocate heavily when you’ve found a bottom
Continue to DCA on allocations that you have so you are able to get a beautiful average on your positions
Invest at a price you are personally comfortable and confident holding for a lifetime, only average down when necessary, and never have to worry about your position as you are practicing safe risk management.
Hold cash and actively trade. Long positions will struggle in the short term, but if you are holding cash and are able to actively trade and manage your positions, you can at least capitalize on the short-term volatility and momentum.

If you are actively looking to purchase anything big, IE; Cars, homes, etc. Right now is not the best time to purchase, it has actively been a seller’s market for the previous couple of years. Homes and vehicles have been extremely hot since 2020.

Wait a couple of months, once sellers are not seeing the same demand they have seen in the previous couple of months, then we as consumers will see a decrease in prices.

Existing home sales fell for the third straight month in April. Home sales are down 2.4% from the month prior, and are down roughly 6% from this time last year. We will get more data on the month of May towards the end of the month (June 21st)

We saw automotive sales drop roughly 11% in May, and automotive sales are down roughly 30% from this time last year. Expect to see cars plummet in price over the next couple of months giving you a good opportunity to purchase any vehicles. I’ll be waiting until the demand is so low, that dealerships will start offering 0% interest on most models with incentives to purchase.

I am possibly looking into a 2021 dodge charger for going back to Chicago. At the moment dodge is having issues selling some of their vehicles so they are currently offering 0% interest. If you are looking for a car, and want a relatively newer car, with 0% interest, and are a fan of American muscle. This could be a great option for you.

Link to other 0% interest cars: LINK ONE & LINK TWO

Thoughts & Comments from last week,

Last week was an alright week for the markets. Looking at the weekly chart, you can see we clearly rejected the weekly resistance level at roughly $418. This is not a terrible sign yet, but it will be interesting to anticipate what will happen in the markets over the up and coming weeks. Ideally, we break through these levels on the market and continue to rip past every resistance level, or this could be a sign that we are going to continue to come down.

We did see a bearish TK-Cross under on the weekly charts back in February, we have seen the markets come down significantly since then. Hopefully, things don’t continue to come down, but I would advise everyone to tread lightly.

There were many opportunities to actively trade throughout the week, both on the bullish and bearish sides. Hopefully, you were able to capitalize on the momentum and either short at what was a short-term top, or were able to go long at what was a short-term bottom.

$SPY 15 MINUTE WEEKLY CHART {DATE: MAY 30TH - JUNE 3RD}

Thoughts & Comments for Today 6/06/2022

Today is actually looking pretty optimistic, markets have moved up in the futures session and are not looking the worst. At 5:31 am EST when I am writing this portion of the report, markets are up, $SPY is currently trading at $414.71. We are up roughly 1% from market close on Friday.

There should be many great opportunities to trade on the markets today, but I would advise everyone to continue to tread lightly on the markets as even though we have a slight bullish movement that we can be excited about, things can obviously change very quickly.

Capitalize on this bullish momentum while you can, set those stops while you have the opportunity to lock in some profits, and realize some gains. This most likely will not be the situation here in the up and coming weeks, so take advantage of it while you can.

I’d personally advise you all to actively hold more cash now while you can and stay away from swing trading in the short term. This is not the time you’d want to swing trade.

Look to only actively day trade in the short term, DCA on long positions, or invest with the intentions of being able to hold over the next 2-3-5 years.

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

HaiKhuu Proprietary Algorithm Report:

The algorithm has advised a high amount of caution for trading today and as a result I personally am going to follow it’s warning and allocate significantly lighter. The algorithm today only recommends roughly 20% allocations. I will be allocating only 30%~ of our capital and utilize the rest to actively trade any alerts sent throughout the day.

Please be extremely cautious when taking any of these BAOSAC alerts. Have stops on all allocations that are created, assure that your positions are taken with proper allocation methods, and take profits early on any positions you are happy with in terms of return.

All positions have been created prior to writing the report and have been published in real time in the HaiKhuu discord.

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 , $GOOGL , $TSLA , $AAPL , $MSFT , $BABA , $SOFI , $AMD , $NVDA , $INTC
Free Equity List:
Safe -$SPY
Risky- $AAPL , $BABA , $AMD , $MSFT , $NVDA , $SOFI
Swing Opportunities:
I would advise against actively looking to swing trade right now, if you are looking to make any plays that are a couple days, please be sure to actively practice safe risk management with your plays. The safest thing you can do right now is sell premium.

This strategy is not as successful as a couple weeks ago, but we are at a point where other than holding cash, is one of the safest plays.

Be careful selling at the money or ITM contracts right now as if/when the markets come down. They will come down HARD.

Only sell CSPs at prices that you personally are comfortable and confident in accepting assignment.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN

Major Tech Organizations - $AAPL, $MSFT

Major Splits - $GOOGL

Relatively Safer Long - $BA, $INTC

Under Priced - $PYPL , $SOFI

High Risk - $BABA

Economic News for 6/06/2022

None Scheduled

Notable Earnings for 6/06/2022

Pre-Market Earnings:

Futu Holdings (FUFU)
Science Applications International (SAIC)
Gaotu Techedu (GOTU)
Boqil Holding (BQ)
SRAX Inc (SRAX)

After-Market Earnings:

GitLab (GTLB)
HealthEquity (HQY)
Coupa Software (COUP)
NGL Energy (NGL)

Wrap up

Overall, today should be a great day for the markets. Capitalize on this volatility and momentum while you can, sell off some allocations and set stops in guaranteed profit. Hold more cash in these conditions and tread lightly in these market conditions.

Please be extremely safe trading not only today, but for the rest of the month.

Good luck trading everyone, we are going to need it and make sure to stay hydrated!

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HaiKhuu Daily Report 6/06/2022