HaiKhuu Daily Report 6/30/2022
Good morning and happy Thursday everyone. I hope you all are having a great morning. Markets are looking terrible at the moment with $SPY down to $375 after closing essentially black on the day yesterday. Things are getting heated up in the markets, and unfortunately, it is not in our favor.
Hope you all are doing alright and are able to stay alive during this time, are hedging your positions and like we discussed before, have cash on hand ready to purchase and allocate capital into strong equities.
This still is not the correct time to purchase strong equities yet, as we are going to continue to see a downtrend and an opportunity to actively get a better price. Please continue to sit on your hands, be smart and wait for the opportunity to present itself.
This is just the beginning of the dip, things can easily and happily get a whole lot worst prior to even considering moving up.
I am writing this report for the final time in my apt in NYC. It’s been a crazy 14 months since I’ve moved out here.
A lot has changed since getting out here to the city with covid, the markets, and just life in general.
I’ll be packing up and cleaning the rest of my apartment today so I might not be able to be on as much today. Everything has to be sparkling clean and empty by tonight. Lots of great memories here, but more great memories to come in Chicago with HaiKhuu 5 coming up.
The next couple of weeks will be tough as I won’t have my computer, multiple monitors, desk, or anything else in general while I’m in the moving process. So thank you all for understanding in the meantime. Things should ideally be back to normal and situated in a week.
One of the final photos from my apt in NYC
Thoughts & Comments from 6/29/2022
Yesterday was a nasty day for the markets. Overall, $SPY closed at $380.34, a total movement of -$0.31 or -0.081%.
The overall movement of the market did not seem terrible, but for those actively watching or trading, man it was an excruciating and choppy day for the markets.
There were many great opportunities to actively trade throughout the day, both to the bullish or to the bearish side, but in reality, I would say that 75-80% of traders who attempted to trade the chop yesterday, ultimately lost money by the end of the day.
Days like yesterday are extremely fun to actively trade if you are above PDT and scalping consistently, but for the majority of traders… Rough day.
Glad the overall general movement was only -0.081%, but what a tough drag of a day.
$SPY 6/29/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 6/30/2022
Today is not looking the best going into open. $SPY is trying to hold the $375 support level, but it looks like it’s actively going to break that support level and continue to come down. Historically, today and tomorrow are extremely bullish days on the market, but this is not looking like it is going to be the case. Markets are coming down pretty hard into open today, and I am not optimistic for the long plays. This will give us an active opportunity to trade and capitalize on cheap equities, but cheap equities always hurt us, because yes, we are able to make money in the short term which is great, but we are still hurting as we all have long exposure in the markets.
Please just be extremely safe while trading today, with the markets continuing to trend down, you have to make sure to limit the amount of risk that you are actively taking. This means, sizing your positions correctly, entering at an optimal time, having stop losses in place to limit exposure, and taking profits quickly when given an opportunity to do so.
This dip could be an extreme fake out though prior to running and ripping throughout the day. In the case that things decide to move up heavily, make sure to let your runners run. Realistically though I do not see this as the case.
VIX is back up to $30~
Markets are getting skeptical
People are starting to get fearful.
This is bad for the markets, but great for the long term. This will give us an opportunity to actively trade to the upside soon, as well as invest in strong equities for cheap.
Capitalize on this high volatility and momentum. With VIX at 30, this is not the worst time to actively look into selling premium on positions you are in, either selling ITM CC’s or selling highly OTM CSPs is the move.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The algorithm yesterday actually did amazing which was interesting. Our results are as followed:
Benchmark
$SPY -0.23%
Our results
Market Neutral +0.67%
Base Algorithm +0.65%
Kokomo +0.56%
Neural Net +0.51%
Long Term Portfolio +0.30%
Trading bot +0.0%
Pilot +0.0%
Beautiful day for the markets yesterday. Everything across the board beat the markets by a margin. Even the pilot where we took zero allocations, or the glitch with the Trading Bot not producing any positions, beat the market even at +0.0%.
Due to me actively trying to move out of my Apt today, we will not be able to actively manage any allocations today. All positions are valid and legit, I would just practice safe risk management when it comes to any positions right now due to market conditions.
Only take the plays that you personally have confidence in.
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 6/30/2022
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 , $AMZN , $GOOGL , $TSLA , $AAPL , $MSFT , $BABA
Free Equity List:
Safe - $SPY
Risky- $AAPL & $MSFT
Swing Opportunities:
This increased volatility is giving us an opportunity to sell contracts for extremely high premium. I still would recommend holding cash and not getting into any active swing plays trying to time out the short term, but I would recommend everyone to actively sell CSPs on positions at a price you are comfortable with.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Major Splits - $GOOGL
Relatively Safer Long - $BA
Economic News for 6/30/2022
PCE inflation (monthly) – 8:30 AM ET
Core PCE inflation (monthly) – 8:30 AM ET
PCE inflation (year over year) – 8:30 AM ET
Core PCE inflation (year over year) – 8:30 AM ET
Real disposable income – 8:30 AM ET
Nominal personal income – 8:30 AM ET
Nominal consumer spending
Initial jobless claims – 8:30 AM ET
Continuing jobless claims – 8:30 AM ET
Chicago PMI - 9:45 AM ET
Notable Earnings for 6/30/2022
Pre-Market Earnings:
Constellation Brands (STZ)
Walgreens Boots (WBA)
Acuity Brands (AYI)
The Simply Good Foods (SMPL)
Lindsay Corp (LNN)
Tsakos Energy (TNP)
Renalytix (RNLX)
After-Market Earnings:
Micron Technology (MU)
Accolade (ACCD)
Wrap up
Overall, today is going to be a tough day for the markets. Practice safe risk management, don’t do anything stupid and make sure to realize some gains when given an opportunity to do so. If we continue to trend down, sell your positions, and if we start to trend up, let your runners run.
Good luck trading today everyone, and apologies again for having to pack up everything and being away and actively shipping things throughout the day.
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