HaiKhuu Daily Report 6/29/2022
Good morning and Happy Wednesday everyone! I hope you have an amazing morning and are hyped & ready for today. Markets are going to be a genuine coin flip deciding on which direction it decides to go.
We have a significant amount of economic news today as well as Jerome Powell and many others speaking at the ECB conference today.
A direct result of the news and what is stated will determine which direction we are officially heading. Personally, I want to be bullish and optimistic for these events, but as it genuinely is a coin toss on which direction we are headed, I am going to advise strict caution when trading or attempting to invest in anything today.
I’ll go over everything later on in the report.
Thoughts & Comments from 6/28/2022
Yesterday was a terrible day for the markets. We started off beautifully green for the day, pumping at open, and then watched as people sold off throughout the day. As a result of the sell-off, we watched $SPY hit a new low of the week. $SPY closed at $380.65 -$8 (2.06%), with an intraday movement of -2.5% and a -3% drop from the top.
This was a difficult day to trade unless you were actively going short at the top.
Not many opportunities to trade to the upside outside of right at open
Long positions hurt
Scalping was tough
Day trading was even tougher
I hope you all were able to get in and out of your positions with ease, capitalize on the increased volatility, and were able to realize some short-term gains in the blood-red day.
Things really went from up beautifully, to down terrible. C’est La Vie. Just another unfortunate day for the market.
$SPY 6/28/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 6/29/2022
Today should be an extremely turbulent day for the markets. With Jerome Powell speaking as well as GDP revisions coming out prior to markets opening, I would advise everyone who is actively trading to be cautious, practice the highest level of risk management and be extremely reserved with your trades.
If you are actively trading, I would tread extremely lightly today and make sure you are limiting your downside risk potential.
Follow the trend when it is available, don’t do anything stupid and make sure to realize gains / stop out of positions accordingly, and respect those orders.
In the case that we downtrend, please make sure to stop out of all allocations opened today as soon as possible
In the case that we run, please let your runners continue to run. Set stops in guaranteed profit and move them up accordingly.
Personally, I will not be trading as much today due to the significant increase in risk, but I am still in pretty much all of my long equity positions.
Don’t get greedy today. Don’t do anything stupid. Don’t try to time the bottom. Don’t FOMO and Don’t revenge trade today.
All of those will actively burn you today. Please be smart, safe, and remember that you are trading for your financial future, not to gamble and try to get rich quickly. If you are looking to get rich quick, look into these Powerball numbers ( 15 , 12 , 18 , 2 , 21 , 19 )
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The algorithms, fortunately, beat the markets yesterday but did not have a good time doing so. Here are the results from yesterday:
Benchmark:
$SPY -2.46%
Our Results:
Pilot +0.13%
Trading bot -0.56%
Kokomo -0.96%
Market Neutral -0.97%
Long Term Portfolio -1.66%
Base Algorithm -1.8%
Neural Net -1.9%
It was a tough day for the markets, but glad that in general, still a win that our algorithms were able to outperform the markets. It is unfortunate that they lost in the short term due to the heavy bearish momentum of yesterday.
Thankfully though, I was able to liquidate all allocations and be able to generate a positive return on a bloody bearish day, outperforming our algorithms by roughly 2% and beating the markets by roughly 2.5%
Today, due to all of the economic news and uncertainty, both the algorithm and I recommend zero percent allocations today. As a result of this, zero allocations will be made pre-market in the pilot account, no positions will be BAOSAC nor will I actively be looking to make purchases according to the alert system.
Please be aware that all alerts are valid from a technical analysis standpoint, but due to economic events that we cannot take into account, they may be skewed. Please take any trades today at your own risk.
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 6/29/2022
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 , $AAPL , $COST , $DIS , $META , $BABA , $MSFT, $HOOD*
Free Equity List:
Safe - $SPY
Risky- $AAPL & $MSFT
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 6/29/2022
Gross domestic product revision (SAAR) - 8:30 AM ET
Final domestic demand revision (SAAR) – 8:30 AM ET
Gross domestic income revision (SAAR) – 8:30 AM ET
Jerome Powell and many important others speak at ECB conference - 9 AM ET
Cleveland Fed President Loretta Mester speaks at ECB conference - 11:30 AM ET
Chicago Fed President James Bullard gives opening remarks - 1:05 PM ET
Notable Earnings for 6/29/2022
Pre-Market Earnings:
Paychex Inc (PAYX)
General Mills (GIS)
McCormick & Co (MKC)
MSC Industrial (MSM)
Unifirst Corp (UNF)
Patterson Co (PDCO)
Bed Bath Beyond (BBBY)
Barnes & Noble (BNED)
Schnitzer Steel (SCHN)
After-Market Earnings:
Duck Creek (DCT)
MillerKnoll (MLKN)
Novagold Resources (NG)
SMART Global (SGH)
Avid Bioservices (CDMO)
Franklin Covey (FC)
AMMO, Inc (POWW)
Wrap up
Overall, today should be an extremely turbulent day for the markets, economic news will be the driver of the direction that we pick today. Please be extremely careful, cautious and limit your downside risk potential.
Good luck trading today, we all will need it.
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