HaiKhuu Daily Report 7/08/2022
Good morning and Happy Friday everyone! I am going LIVE from the New York stock exchange (If you are listening to me reading this report).
If not and you’re simply just reading this report… Well I am live from your phone or PC.
I hope you are having an amazing day and are hyped to trade. Its been a quick but phenomenal week for the markets. Hopefully you all have been able to capitalize on this momentum and that this trend continues through the pre-market session.
Futures are down slightly at the time of me writing this report (8:21pm EST, Thursday)
(5am update the next day, yeah they are still red)
A lot can change between now and the morning, and a lot will change as I’m writing the parts that I can now so I can see the new york stock exchange live at open.
Thoughts & Comments from 7/08/2022
Yesterday was an amazing day for the markets. $SPY continued to slowly grind up through the day consistently. $SPY opened at $385.12, made a high at $389.83. $SPY closed the day at $388.99 +$5.74 (1.50%), with an intraday movement of +1%.
There were many great opportunities to actively trade and capitalize on the bullish momentum. Anyone who tried to short throughout the day realistically got burnt assuming that they didn’t stop out on the way up.
Hopefully you all were able to capitalize on the bullish momentum throughout the day, and were able to realize a significant amount of gains.
$GOOG/L went on an absolute TEAR yesterday for anyone who is invested or involved in that play. Their stock split is coming soon and should hopefully cause more bullish momentum for the markets
$SPY 7/07/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 7/08/2022
Today, markets are honestly going to be a coin flip. With the movement that has happened in the pre-market session, a lot can happen between now and the end of the day.
Ideally, in a perfect case scenario, we see a continuation of this beautiful bullish trend. But realistically, like I said before, today is going to be a coinflip, the only thing we can be certain will happen is there will be a significant amount of chop that ultimately will result in the market makers having a great time, and retail traders getting taken out left and right.
Please be extremely careful trading today, in the case the direction is not in your favor, have stops set to limit your downside risk potential. In the case you lose your position due to chop, don’t be stubborn and take your losses and move on. Do not FOMO back in, revenge trade or force any position. This will result in increased losses that would not have needed to be incurred at all.
Personally, I will not be making many trades within the first couple hours of the day, and unless there is momentum that I can be confident in, I won’t make many allocations throughout the middle of the day.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The algorithms we have did alright yesterday, with the market ripping up yesterday, we unfortunately were not able to beat the active performance of the market. Obviously one day will not be indicative of anything, but we have already noted multiple times that this is often the case when the markets go on a tear.
Results of yesterday are as followed:
Baseline:
$SPY +1.00%
Our Results:
Long Term Portfolio +0.44%
Base Algorithm +0.42%
Neural Net +0.31%
Trading Bot +0.19%
Market Neutral -0.03%
Kokomo -0.35%
The pilot was able to return roughly .4% yesterday with the increased bullish momentum. Still not actively beating the market, but beautiful to see a great return.
Hopefully, with the current conditions of the markets that things stabilize as stable conditions is where our algorithm tends to outperform the markets.
Today, no positions are going to be taken on the pilot. This is not due to a lack of confidence in the market or the current systems, but due to us not being able to actively manage positions as I am traveling.
All positions are still valid for the day, but no positions will be taken.
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 7/08/2022
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:
Look to continue selling CSPs and CC’s on equity you already have at a price you are confident selling contracts at. Volatility is not as high as it was over the previous couple days, but there is still increased volatility compared perspectively to just a couple weeks ago. Capitalize on this increased volatility and make some extra money on the cash that you have available.
I would not look into trying to time out any plays right now in the markets while trying to get a swing opportunity, but still continue to DCA on equity and if you are looking to average down on long equities that you don’t have the best average with, make sure to start slowly averaging down as we should see relatively better prices coming up over the next couple weeks.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Major Splits - $GOOGL
Relatively Safer Long - $BA
Economic News for 7/08/2022
Nonfarm payrolls (monthly change) - 8:30 AM ET
Unemployment rate - 8:30 AM ET
Average hourly earnings - 8:30 AM ET
Labor force participation rate, ages 25-54 - 8:30 AM ET
Wholesale inventories revision - 10 AM ET
Consumer credit - 3 PM ET
Notable Earnings for 7/08/2022
Pre-Market Earnings:
None
Wrap up
Overall, just be smart and safe when it comes to trading in the markets today.
There should be many great opportunities to actively trade, but please just make sure that you are taking the proper precautions to assure that you are limiting your downside risk potential.
Don’t be greedy. Don’t do anything stupid. Realize gains when given an opportunity to do so.
Good luck trading today everyone, and have an amazing weekend. I’ll see you guys back in Chicago.
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