HaiKhuu Daily Report 6/07/2022
Good morning and happy Tuesday everyone. Hope you’re having an amazing morning and are ready for what is looking like another meh day for the markets.
Pretty much everything is down sightly across the board. It’s not looking terrible, but things just are not looking the best. PWWR $SPY $409.93, /NQ 12525 (5:52am EST)
It should be an alright day for the markets, but I expect an increase in volatility, selling, and a general bearish trend today. Please tread lightly and be extremely careful when trading or investing in anything today.
Thoughts & Comments from 6/06/2022
Yesterday was honestly a terrible day for the markets. Things were looking good pre-market into open with $AMZN split happening and rallying, causing $GOOG/L and other major tech to move up. $SPY hit a high of $416.61 before starting to sell-off. $SPY ended the day closing at 411.79 +$1.25 (0.3%).
The day-to-day movement of the market does not look terrible, but in reality, if you were actively participating in the markets, it was a disgusting day. $SPY dropped -0.73% from open and the high to low was roughly -1.3%.
The movements that we are having intraday were disgusting and it was a tough day for the markets. Great opportunities to trade both the long and the short side, but tough to judge in real-time.
Overall, the day could have been significantly worst, but at least we were able to all sit back, relax and watch the markets come down with a nice cushion from the opening pump.
$SPY 6/06/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 6/07/2022
Today as I said earlier, is not looking like the best day for the markets. Things are down slightly from close yesterday and we hit a low of $408.50 on $SPY in the futures session. I would advise that everyone practice the highest level of risk management right now and continue to set stops on positions to assure that you limit the amount of downside risk potential.
I’ve been constantly saying this in the background, but be sure to continue to tread lightly on these market conditions. Mentally prepare for the markets to come down over the next couple days and prepare for the worst. If the worst happens, then we are able to actively know we were prepared for a drop and are able to weather the storm. If the markets just simply go up, then everything is beautiful and it is a win. Just please be extremely careful in the markets right now.
Personally, I am going to be extremely light in the markets today and only trading quick scalps when given the opportunity to do so. I’ll be watching out for the intraday algorithm trading alerts and taking them when I personally am a fan of the organization, the risk-reward ratio, and how it is setting up with the charts.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Both the pilot and the algorithm did alright with markets yesterday. We were not able to generate any profits but we were able to limit downside risk and beat the markets in the process.
$SPY Intraday Movement -0.7% / $QQQ Intraday movement -1.13%
Intraday trading bot down -0.07%, BAOSAC down -0.48%, and Pilot down -0.13%
Unfortunate that we were not able to generate profits yesterday, but it is a positive day when we continue to outperform the markets.
All positions will be entered extremely lightly today due to market conditions. The algorithm does recommend a 65% allocation, but due to external concerns with how the markets are performing right now, I am looking to dedicate 15% allocations and follow intraday trading alerts for the rest of the performance.
Please be extremely cautious when taking any of these trades right now in market conditions. Take quick profits with these day trades and do NOT get greedy.
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 6/07/2022
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 , $BABA, $GOOGL , $TSLA , $AAPL , $MSFT
Free Equity List:
Safe -$SPY
Risky- $AAPL , $BABA , $BA, $AMD , $MSFT , $NVDA , $SOFI
Swing Opportunities:
Continue to set stops in guaranteed profit on positions you are comfortable with and stop losses on positions you want to start to cut.
Start holding more liquid cash. I would advise against trying to time something out over the next 2 to 3 weeks.
Continue to DCA on positions though regardless of the position. I have DCA’ed again on $GAIN in my Robinhood account and will continue to do so on both a daily/weekly basis passively.
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 6/07/2022
Foreign trade balance 8:30 AM ET
Consumer credit - 3 PM ET
Notable Earnings for 6/07/2022
Pre-Market Earnings:
Academy Sports (ASO)*
Chico's FAS (CHS)
Cracker Barrel (CBRL)
Hello Group (MOMO)
JM Smucker (SJM)
Lilium NV (LILM)
United Natural Foods (UNFI)
Dave & Buster's (PLAY)
After-Market Earnings:
Caseys General Stores (CASY)
Guidewire Software (GWRE)
Smartsheet (SMAR)
Verint Systems Inc (VRNT)
Wrap up
Overall, be safe while trading today. Capitalize on volatility when you can, but be extremely careful with these market conditions. I personally do not recommend taking any extremely risky trades. With the lack of momentum we need going into markets opening today, please tread lightly.
Good luck trading everyone, realize some gains, and make sure to stay hydrated!
If you are not a part of our free Discord, click HERE to join