HaiKhuu Daily Report 6/22/2022
Good morning and Happy Wednesday everyone! Hump DAY. Isn’t it quite insane that we are already halfway through the week? After today we are on the back half and get another beautiful weekend.
The market was beautiful yesterday with MANY opportunities to actively trade and realize some gains, today… things are not looking as hot going into the open, but as always, there will be the opportunity to actively realize some gains and trade in the meantime.
Please note that tomorrow, the report may be relatively shorter. My apologies for that now, I’ll personally be in an NFT.NYC event late tonight and most likely will not be able to start the report until later in the morning. I’ll ideally make sure is no issues, but the report might be a little bit shorter. I’ll still make sure it goes out prior to open
Thoughts & Comments from 6/21/2022
Yesterday, as I said before, was a beautiful day for the markets. $SPY closed at $375.07 +$9.21 (2.52%). Intraday movement of +0.84%. There were many great opportunities to trade to the upside, but if you wanted to go short, were a couple of opportunities to get a good trade.
It was an amazing day for anyone who had long holdings or was actively trading and realizing short-term gains. I personally had a great time trading yesterday but the chop took out at least 50% of my positions but realized some great gains. I know a lot of traders in the community had an insane time trading both the up and downside.
Days like yesterday do not change how I feel about the current market conditions, we still are in murky waters. We will not be in the clear until they officially until the National Bureau of Economic Research declares we are in a recession. After the initial panic and fear, we will get a beautiful opportunity to buy the dip.
$SPY 6/21/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 6/22/2022
Today is looking interesting, but not as optimistic as open did yesterday. We are down roughly 1.4% on $SPY and under the $370 resistance level again. Please be extremely careful when trading today.
I will advise everyone like I have been before to continue to actively trade in the short term, and hold more cash.
Prices are starting to get to that optimal point where you can start averaging down on organizations that you’ve been holding, but I would advise against averaging down heavily. Just like candy after Halloween, we are seeing a discount now, but just remember that we are only going to see a better discount in the near future.
Sit back and continue to DCA on your positions, but wait another 2-6 weeks to average down hard.
Wait for the fear and panic to truly set in on the market then go hard purchasing when there is blood in the streets.
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If you are trading today, be quick with your trades, the bears should have an edge today. Make sure to practice safe risk management, don’t do anything extremely risky, and limit your downside risk potential.
I won’t be actively trading as much today due to a minor lack of confidence in the market from an intraday perspective. If I do decide to enter any positions though, I will all let you know in real-time in the HaiKhuu Discord.
The only positions I am actively considering outside of Pilot allocations are shorting the indices.
HaiKhuu Proprietary Algorithm Report:
The algorithm yesterday performed alright with the market movement. The results are as followed;
Pilot, +0.17%
Intraday Alerts, +0.02%
BAOSAC, +0.64%
Neural Network, +0.69%
Market Neutral +1.26%, losing 0.34% from shorting $SPY
Green across the board and very promising real-time results from the Market Neutral portfolio. We will continue testing this in real-time to assure that we have confidence in this system to be able to produce the results that are necessary for the portfolio’s success during the case of a major market downturn. We can easily flip the switch and allocate into any portfolio and algorithm that thankfully performs the best in any market condition.
Positions will be entered in light, prior to open utilizing our defensive portfolio today. I will notify all of you if any changes or entries are made in the pilot accordingly. Positions will be stopped out relatively quickly in the case we see a market downturn. If the market looks like it will start trending, I will look to enter into trading alerts or grab an intraday allocation on $SPY.
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 6/22/2022
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 , $AMD , $BA , $BABA , $MSFT , $AAPL, $META, $REV*
Free Equity List:
Safe - $SPY
Risky- $META , $AAL , $NCLH , $CCL
Swing Opportunities:
Continue to hold cash and stop out of positions you personally don’t have confidence in. Cash is going to be king over the next couple of weeks.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Major Splits - $GOOGL
Relatively Safer Long - $BA
Economic News for 6/22/2022
Fed Chair Jerome Powell testifies on monetary policy at Senate Banking Committee - 9:30 AM ET
Chicago Fed President James Bullard speaks - 12:50 PM ET
Notable Earnings for 6/22/2022
Pre-Market Earnings:
Korn/Ferry International (KFY)
Quotient Limited (QTNT)
Winnebago Industries (WGO)
Medicenna Therapeutics (MDNA)
After-Market Earnings:
H B Fuller (FUL)
Worthington Industries (WOR)
Steelcase (SCS)
Wrap up
Overall, it should be an interesting day with a lot of opportunities to actively trade. Lots of people will get burnt over trading today. Don’t be one of these traders. Practice safe risk management and limit your downside risk potential.
Be careful trading today, good luck. May the odds and evens all be in your favor.
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