HaiKhuu Daily Report 6/08/2022
Good morning and Happy hump day everyone! Hope you all are doing well and are ready for what is going to be another turbulent day for the markets.
Markets have come down slightly since close. At the time of writing this report, $SPY is currently trading at $413.66 down approximately -0.5%.
Things are not looking terrible going into open, but they are not looking as optimistic as we would all hope. This slight drop is not anything that should cause concern, but you should continue to tread lightly on the markets and practice safe risk management. In the case that we come down, watch for $410 / $400 as major psychological support levels for $SPY. If we break these levels, please make sure to brace for impact.
If we have a day like yesterday, with that beautiful with a consistent grind up, that would be nice, but realistically, the likelihood of a continuation of this pump is not going to be likely. We have to hold $415 on $SPY and move up to $420 to be back above major support levels.
Hope for the best, but prepare for the worst. We have 50 days until Q2 GDP numbers come out. Capitalize on the momentum on the markets now while you can safely, and prepare for a possible, but high likelihood of a recession coming up soon.
Thoughts & Comments from 6/07/2022
Yesterday was a beautiful day for the markets. Honestly, after watching $SPY make a new low of $407.42 pre-market, I would have never expected it to pump up roughly 2% into close. We not only went from red to green on the markets, but $SPY continued to move and closed at $415.74 +0.96%.
Beautiful day for anyone who had any long holdings.
Beautiful day for anyone scalping.
Beautiful day for anyone day trading.
Beautiful day for anyone who bought any positions at open and sold them at close.
Days like yesterday are always a pleasant surprise and I hope you all were able to capitalize on that beautiful bullish momentum and make some nice realized gains in the process!
$SPY 6/07/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 6/08/2022
Today is not looking the worst pre-market, but things are not actively looking the best. Markets are moving up slightly at the time of writing this report, but we are still down from close yesterday. This is going to give us great opportunities to trade to the upside with confidence but tread lightly as the trend can quickly change.
Trade quickly and scalp/day trade the opportunities that are available, sit on your hands when you are not comfortable or confident in the market, and continue to ride on your long exposure.
Set stops on all allocations you have and prepare to start selling off and holding more cash for trading opportunities over the next couple of weeks.
Watch out for downside risk, but capitalize on this bullish momentum while you can now because it won’t always be here.
I’m adding $AMZN to our free equity list, great scalping opportunities on $AMZN now with the ability to acquire shares at a zero-cost basis will be a win.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The algorithm absolutely killed it yesterday with the bullish movement from open to close. Intraday alert system generated a net profit of +0.7% and the BAOSAC system was able to generate a net profit of +1.07%.
Both systems worked beautifully and just as expected.
All positions will be entered in the same way today as always, we will be looking at a 50% allocation for today and have the rest allocated towards intraday trading alerts. Please just take all of these alerts with caution and set stops in guaranteed profit when given the opportunity.
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 6/08/2022
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 , $AMZN , /CL
Free Equity List:
Safe -$SPY
Risky- $AMZN , $AAPL, $BABA , $AMD , $MSFT , $NVDA , $SOFI
Swing Opportunities:
Continue to set stops on all allocations and start to prepare to hold more cash over the next month and a half.
Be extremely careful trying to get any sort of swing play right now. Short term swings are sketchy, but if you want an interesting play, you could always grab a couple of shares of $AMZN.
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 6/08/2022
Wholesale inventories revision - 10 AM ET
Notable Earnings for 6/08/2022
Pre-Market Earnings:
Bausch & Lomb Corp (BLCO)
Campbell Soup (CPB)*
J.Jill (JILL)
Lovesac Company (LOVE)
Thor Industries (THO)
Vera Bradley (VRA)
Kingsoft Cloud (KC)
After-Market Earnings:
Five Below (FIVE)
Grief Inc (GEF)
ABM Industries (ABM)
Skillsoft (SKIL)
Mission Produce (AVO)
Yext, Inc (YEXT)
Couchbase (BASE)
Wrap up
Overall, this should be an alright day for the markets. Capitalize on the momentum and volatility we have, tread lightly if you are heavy in the markets and don’t do anything dumb. Practice safe risk management and realize some gains.
Good luck trading everyone and make sure to stay hydrated!
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