HaiKhuu Daily Report 7/06/2022
Good morning and happy Wednesday everyone!!!
Hope you all are doing well and are ready / hyped for the trading day today!
Markets are looking significantly better, mostly as a result of the positive bullish momentum from yesterday. I hope you guys all are ready and excited for today.
Sentiment will be the driver of the markets today leading up to the FOMC minutes coming out at 2pm EST, so my recommendation is to follow the trend leading up to the minutes, or directly trade the aftermath.
I want to be hyperbullish, but I am extremely cautious in these current market conditions.
Thoughts & Comments from 7/05/2022
Yesterday was an insane day for the markets giving us many great opportunities to actively trade and realize a significant amount of gains. Markets made a disgusting low of $372.90 early in the morning. Markets were looking terrible and not optimistic at all.
After making a new low though, it was beautiful actively watching the markets run throughout the day.
We went from red 2% on a day to a beautiful green. $SPY closed the day at $381.96 +0.72 (0.19%).
Hopefully you all were able to capitalize on the opportunities to make a significant amount of realized gains yesterday. It truly was a beautiful day for the markets.
$SPY 7/05/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 7/06/2022
Today is genuinely going to be a coin-toss of a day, as stated before, we have FOMC minutes coming out at 2pm EST. Market sentiment will be the true driver of the markets today. If we see people actively purchasing leading up to FOMC minutes, this means people will be excited and are purchasing in anticipation of the event.
If we see people actively selling off, we will see a continual downtrend until FOMC minutes come out.
After the minutes come out and people are able to review what is going on, then we really will see the true movement and direction for the day.
If you are actively trading today, I would recommend to actively follow the direction of the market, and be relatively safe with all of your positions. Limit your downside risk potential, but when there is confirmation in the direction the markets, follow the direction.
Be careful trading into 2pm EST, as the conditions will actively change.
If you are looking for a great scalping opportunity, look to pick up and trade $SPY between 12-1pm EST and hold it leading into the FOMC Minutes.
Set stops in guaranteed profit and don’t be greedy with your plays. In the case you lose a play early, or get stopped out. Don’t FOMO into the movement or revenge trade.
In the case we see a massive dip around 2pm EST, I would advise you to actively scalp the dip and quickly set stops in place to limit your downside risk potential, and when markets rip up afterwards, to sell quickly and get out. Trading around 2pm will come down to luck and successful timing. Don’t do anything stupid and realize gains when you can.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The algorithms did alright yesterday, on the days that the markets have significant movement we typically see the markets outperform the algorithm and yesterday was an example of that case.
The results of yesterday are as followed:
Baseline:
$SPY +1.62%
Our results:
Neural Net 0.66%
Base Algorithm 0.48%
Long Term Portfolio 0.10%
Market Neutral 0.05%
Trading Bot 0.04%
Kokomo -0.46%
It is unfortunate that with the ongoing market conditions the algorithm was not able to beat the markets yesterday, but one day’s performance does not actively dictate the success of the algorithm as a whole.
The part that gets me is our advanced market neutral system (Kokomo) was not able to generate profits on a beautiful day like yesterday.
C’est La Vie, there is not much we can actively do about the conditions though unfortunately.
Today, we will be utilizing our base algorithm and actively managing allocations throughout the day with the intentions of cutting positions relatively early in profits. Please be on the look out for notifications and alerts stating my exits on each position.
Each position will be dictated prior to markets 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 7/06/2022
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
Swing Opportunities:
Equities are cheap right now. I would still advise not actively purchasing any swings, but continue to maintain your long term exposure. If given an opportunity to average down on strong equities, average down, but make sure you have the opportunity to actively average down significantly heavier as market conditions change. I would also look to sell some CSPs on positions you personally are confident in at a price you are comfortable purchasing at.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Major Splits - $GOOGL
Relatively Safer Long - $BA
Economic News for 7/06/2022
S&P Global US services PMI (final) - 9:45 AM ET
ISM services index - 10 AM ET
Job opening / Quits - 10 AM ET
FOMC minutes - 2 PM ET
Notable Earnings for 7/06/2022
Pre-Market Earnings:
None
After-Market Earnings:
Simulations Plus, Inc (SLP)
Saratogo Investment Corp (SAR)
Wrap up
Overall, today will really all be dictated by the sentiment of the markets leading up to FOMC Minutes at 2pm EST, and the direction after 2pm EST will directly be in correlation to what has been stated and the market’s interpretation of the news.
Good luck trading today everyone, Follow the trend and let’s make some BANK!
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