HaiKhuu Daily Report 6/24/2022
Good morning and Happy Friday everyone. This has been an extremely quick and very eventful week for the markets. Markets are looking beautiful with the current Pre-Market movement.
$SPY PWWR: $381.18 +0.98%.
We should all be optimistic today and hopefully, things result in some more beautiful green for this short week.
Despite the short-term optimism, we have to be realistic about the current market conditions. Today we should be able to actively trade and make a significant amount of money, but you have to remember that this short-term movement has given us an opportunity to buy the dip, but in the grand scheme of things, we are still in murky waters and in sketchy market conditions. I’ll talk about this more later in the report, make sure to tread lightly.
Thoughts & Comments from 6/23/2022
Yesterday was an absolutely insane day for the markets. Things were looking beautiful going into open, we made a high of the morning just above $378. Sold off and made an intraday low at $373 on $SPY, then moved up beautifully, to close the day at $378.06. Timing was everything when it came to the direction in the markets.
People trying to catch the bottom got burnt on the way down while shorts got burnt on the way up. People who bought at open should have been stopped on the way down, and people who shorted should have been stopped on the way up.
The only great time to actively purchase was going into 1 pm EST (Right after lunch). As buying volume increased heavily it was great to trade and be bullish as the markets moved up roughly 1% from the bottom.
$SPY 6/23/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 6/24/2022
Today should be another interesting day with many opportunities to trade. Markets have been in a sketchy territory recently, but today is looking optimistic.
People are anticipating that today should be a beautiful day to end the week green. Realistically, we most likely are going to end the week green, ending a three-week losing streak. We would have to drop roughly 2% from where we are at right now to end red for the week. Realistically, this could be a possibility but it is not something that I personally feel will happen.
Actively trade when you get an opportunity today. Scalp / Day trade quicker today and realize some gains. Be safe and more reserved with your positions. Set stops on all positions you are looking at in the case of heavy movement against your allocation.
In the case that things run today, let your runners run and set stops in guaranteed profits.
Don’t risk money you cannot afford to lose, and don’t gamble on plays that you don’t have an edge with.
The safest thing you could trade today are the indices, I’ll be trading $SPY.
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 phenomenal yesterday here are the results:
Base Algo +1.75%
Market Neutral +1.29%
Long Term Port +0.84%
Neural Net +0.75%
General Market +0.38%
Trading Bot 0.21%
Everything across the board, other than the trading bot, did amazing. As well as everything fortunately was profitable. The BAOSAC base algorithm did phenomenal yesterday by returning 1.75%. Great day of performance across the board.
We will start making exclusive portfolio posts specifically for our premium community members (Platinum+). These are active tests of our different portfolios so please take this at your own risk. The portfolio we publish each day will be the ones that we personally will be taking, but at least you will be able to see these alternative portfolios too.
Today, the algorithm is going to be making purchases off our base algorithm utilizing our BAOSAC system. All positions will be notated prior to the market’s opening.
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 6/24/2022
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 , $BA , $MO , $BABA , $AAPL , $MSFT , $DIS, $AAPL
Free Equity List:
Safe - $SPY
Risky- Travel Plays ($CCL , $NCLH, $RCL, $AAL, $UAL, $DAL)
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 6/24/2022
St. Louis Fed President James Bullard speaks - 7:30 AM ET
UMich consumer sentiment index (final) - 10 AM ET
5-year inflation expectation (final) - 10 AM ET
New home sales (SAAR) - 10 AM ET
San Francisco Fed President Mary Daly speaks - 4 PM ET
Notable Earnings for 6/24/2022
Pre-Market Earnings:
Carmax (KMX)
Carnival (CCL)
Wrap up
Tread lightly with your trades, realize some gains when you get an opportunity to do so and have an amazing time today. It’s been a beautiful week and hopefully, we only continue this trend throughout the rest of the day.
This week has absolutely flown by. Good luck trading today everyone and have a phenomenal weekend!
Btw- Anyone who bet 40 OZ of redbull yesterday won the bet… that’s about 5 normal cans…
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