HaiKhuu Daily Report 7/15/2022
Good morning and happy Friday everyone! Hope you all are doing well, are feeling amazing and are hyped for the trading day!
Markets are looking great pre-market; $SPY PWWR $379.43 +$1.52 (0.40%)
Optimistically, today will be an amazing day to end this week, but in reality, despite this optimism, a lot can happen. Hope for the best, prepare for the worst and capitalize on the volatility and momentum when you are given an opportunity to do so!
Thoughts & Comments from 7/14/2022
Yesterday was an intense day for the markets. We opened up with a disgustingly bloody morning, we continually dropped and hit a low of $371.04 on $SPY. It was absolutely disgusting. Despite this disgusting bottom, the markets recovered nicely throughout the day and we hit a high of $378.57. $SPY closed the day at $377.91 −$0.92 (0.24%). Intraday movement was +1.15% and movement from high to low was roughly 2%~.
The day to day movement does not seem too intense when you say $SPY only dropped -0.24% but these intraday movements are absolutely insane. Hopefully you all were able to capitalize on the bullish momentum throughout the day and were able to realize a significant amount of gains.
$SPY 7/14/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 7/15/2022
Today is looking significantly more interesting and optimistic of a day for the markets, but I would be extremely cautious when entering today. With the current market conditions, anything can truly happen and it is a coinflip on how the markets will perform today. I want to be bullish and optimistic, but knowing that at least in the morning, will all be dictated with financial earnings pre-market, I don’t have the confidence to want to be overly bullish or bearish on the day.
Personally, I will take the market conditions for how they are and be fluid with my positions. In the case we we open and there is significant buying momentum, I’ll buy into the hype, and when things are overbought and look to come down, I’ll short accordingly and ride the momentum down.
The same goes for the inverse. If the markets come down, I won’t short on the way down, but I will be waiting for the opportunity to go long at the bottom, and scalp on the way back up.
In addition to this, I’ll be looking into selling some 0DTE option contracts and sitting back and relaxing while watching Google move into their split after hours.
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 great for the market conditions. With the markets moving up heavily, it is great to see that with our previous updates, we were able to actively beat the markets with confidence yesterday. Our results are as followed:
Baseline:
$SPY +1.15%
Our performance:
Base Algorithm +1.33%
Market Neutral +1.10%
Long Term Portfolio +0.91%
Trading Bot +0.83%
Neural Net +0.80%
Kokomo +0.40%
Watching the markets move up nicely throughout the day was beautiful, and knowing that our base algorithm outperformed the market on a day like yesterday builds a significant amount of confidence in the systems.
Today, we will be entering positions as normal. To follow up our work for the previous week, we will be following the same strategy and approach.
Published below is our Base Algorithm for you all to utilize, but we will be following the Kokomo algorithm utilizing a BAOSAC purchasing strategy. This is again, a market neutral portfolio, but we are utilizing it right now in real time to actively trade and test out our systems in real time with live market data and an active trader behind the wheel.
All positions will be created and posted 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 7/15/2022
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 , $GOOGL , $TSLA , $AAPL , $MSFT , $DSAC*
Free Equity List:
Safe - $SPY
Swing Opportunities:
Look to continue selling CSPs 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 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 7/15/2022
Retail sales – 8:30 AM ET
Retail sales excluding vehicles – 8:30 AM ET
Import price index – 8:30 AM ET
Empire state manufacturing index – 8:30 AM ET
Atlanta Fed President Raphael Bostic speaks - 8:45 AM ET
Capacity utilization - 9:15 AM ET
Industrial production index - 9:15 AM ET
UMich consumer sentiment index (preliminary) - 10 AM ET
UMich 5-year inflation expectations (preliminary) - 10 AM ET
Business inventories - 10 AM ET
Notable Earnings for 7/15/2022
Pre-Market Earnings:
Bank of NY (BK)
BlackRock (BLK)
Citigroup (C)
PNC Financial Services (PNC)
Progressive Corp (PGR)
State Street (STT)
US Bancorp (USB)
United Health (UNH)
Wells Fargo (WFC)
Wrap up
Overall, today should be an alright day for the markets with lots of opportunities to actively capitalize on momentum.
Please don’t do anything stupid, practice safe risk management and trade with a plan. Don’t over trade and don’t be greedy in the processes.
Good luck trading today everyone and have an amazing weekend!
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