HaiKhuu Daily Report 7/14/2022
Good morning and Happy Thursday everyone! Hope you all are doing well.
The markets aren’t looking the best right now, PWWR $SPY $374.31 −$4.52 (1.19%).
Hope you all are ready for the upcoming weeks, things aren’t looking necessarily good at all, but this does give us a significant amount of opportunities to actively trade and realize some significant gains in the short term.
Market conditions are rough and will continue to be rough over the upcoming weeks, but it is for you to decide what you want to do and ultimately, what are your plans are.
I’ll go over some plans you can take for different courses of action later on in this report.
Thoughts & Comments from 7/13/2022
Yesterday was a disgusting, yet interesting day for the markets.
Everything dropped during the Pre-Market session with CPI and as a result $SPY hit a Pre-Market low of $373.18.
Despite this intense drop, there was an amazing purchasing opportunity as markets moved up accordingly with $SPY hitting $381.91, and coming back down to $378.83 −$2.00 (0.53%) for close. The overall intraday movement was +0.99%, with almost a 2% movement from low to high, and about a 0.8% drop from high to close.
The market conditions were disgusting, but there were many great opportunities to actively trade.
Hopefully you were able to capitalize on the volume, volatility and momentum and realize some gains in the short term.
$SPY 7/13/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 7/14/2022
Today is not looking as optimistic as yesterday with opportunities. Trading the heavy movement yesterday pre-market was difficult, but relatively easy holding through the upward momentum, but actively watching these current conditions, I would be careful attempting to trade or be blindly bullish today.
With this leg down in the markets, there is not much we can actively do now, as the initial movement has already happened, but this is why we all have been preparing for this over the previous couple of weeks.
Hopefully you all have hedged your portfolios already, already purchased some puts have already started selling contracts against your positions.
If you haven’t yet, it is too late to hedge utilizing puts and selling calls against your equities, but what you will be able to actively do is still sell CSPs on strong equities you have confidence in. That is the best move you can do right now, other than trying to hedge your portfolio relatively later than others with puts against either your positions or general markets.
Just as a heads up, Google’s stock split is after close tomorrow, so today and tomorrow will be the last days to purchase prior to the split. Realistically we should see some bullish momentum going into the split, but if market conditions are not favorable, this may not be the case. If you are looking for a short term play, this is a realistic one that is worth the risk. Buy some google equity on this dip and sit back and sell into the hype tomorrow, or after the split. (Personally I’d chance it post split)
If you are trying to hold google, try and purchase $GOOGL (L, with voting rights) in multiples of 5, so post split when volatility is insane, you can sell CCs and collect some beautiful premium.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The algorithms yesterday did okay with the current market conditions. Unfortunately the markets beat us, but regardless, a win is a win!
Here are the results of yesterday:
Baseline:
$SPY +0.99%
Our Results:
Long Term Portfolio +0.36%
Base Algorithm +0.36%
Trading Bot +0.24%
Market Neutral +0.10%
Kokomo +0.08%
Neural Net +0.06%
Unfortunate that none of the systems actively beat the market, but it is interesting seeing Kokomo and the Market Neutral portfolio actively work as intended, being a market neutral position so despite the direction of the markets, it *should* remain neutral.
Today, due to the current market situation, we are actively going to be utilizing the same game plan we’ve used for the previous couple days. We will be publishing the base algorithm alerts, but will be utilizing the kokomo algorithm/trading strategy.
All positions will be created prior to markets opening and published for you all in real time.
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 7/14/2022
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 , $GOOG/L, $TSLA , $BABA , $BA , $GAIN , $DSAC*
Free Equity List:
Safe - $SPY
Swing Opportunities:
Look to continue selling CSPs on equity you already own that you are attempting to average down with. Utilize the CSP as a pseudo average down on your current equity. Only sell contracts at a price you personally want to purchase equity at where you have confidence doing so. Volatility is increasing right now and equities are cheap, so this is a great time to capitalize on this increased volatility and make some extra money to spend for the weekend.
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 7/14/2022
Initial jobless claims – 8:30 AM ET
Continuing jobless claims – 8:30 AM ET
Producer price index final demand (monthly) - 8:30 AM ET
Fed Gov. Chris Waller speaks - 11 AM ET
Notable Earnings for 7/14/2022
Pre-Market Earnings:
Cintas Corp (CTAS)
Conagra Brands (CAG)
Ericsson (ERIC)
First Republic (FRC)
JP Morgan (JPM)
Morgan Stanley (MS)
Taiwan Semiconductor (TSM),
OrganiGram (OGI)
Theratechnologies (THTX)
After-Market Earnings:
American Outdoor Brands (AOUT)
Engine Gaming and Media (GAME)
Wrap up
Overall, today is looking interesting as a day. Don’t do anything reckless and stick to your plans. If you choose to move away from your plans, the end result most of the time is you do something you don’t anticipate, meaning you are putting things up to chance, and you will most likely lose due to it.
Be smart, trade quick, capitalize on the momentum and have a great time trading today.
Good luck trading everyone, I wish you all the best today. Let’s hopefully make some realized gains today!
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