HaiKhuu Daily Report 7/29/2022
Good morning and Happy Friday!
Hope you guys all have exciting plans for this weekend because this has been an amazing yet exhausting week for the stock market!
Thoughts & Comments from 7/28/2022
Yesterday was a beautiful yet interesting day for the stock market.
Going into the open, we watched as the markets move up with the GDP read, come down right at open, hit a low of $398.15, and rip from the bottom.
The movement up was suspiciously bullish and the momentum followed through for the whole day.
We ended the day up at $406.07 and it was a beautiful day for anyone who was trying to trade or simply just holding their long equities.
Hopefully, you all were able to realize a significant amount of gains and were able to watch as the unrealized gains continued to grow.
After hours, we did have $META and $AMZN earnings.
$META unfortunately was underwhelming, but $AMZN went on an absolute TEAR.
Amazon closed at $122.28, and now is currently trading at $135.61 +$13.33 (10.90%).
Hopefully, you all were listening to this song while $AMZN was pushing.
$SPY 7/28/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 7/29/2022
Today is looking like it’s going to be a beautiful day for the stock market. With the movement of Amazon yesterday, there is significantly more bullish momentum going into the trading day. With this bullish confidence in the market, I would urge you to protect your bottom line.
In typical market conditions, as I am sure you all are aware, the markets like to cause the maximum amount of pain as well as attempt to make you feel like you don’t know what you are actively doing.
With the active bullish momentum in the markets, we are seeing significantly more purchasing at what is prospectively a short-term high. From here, we either will continue to move up beautifully or unfortunately, will end up having an extreme sell-off.
Ideally, this sell-off does not happen, and we keep these beautiful gains going into the weekend so you all can enjoy your gains this weekend.
In the case that we sell off, please mentally and physically prepare. We broke below the $400 support level yesterday, even though it was only for a brief moment. If we come down, expect to magnet towards that $400/405 level, if things get worst than expected, we can easily break below and continue the bearish trend that we’ve been on for the previous couple of weeks.
Obviously, this is not the ideal situation, but we have to make the most of anything that is available.
Take advantage of the markets while you can now, and realize some gains.
If you are not able to actively trade throughout the whole day but are watching the markets, try and time out some free equity plays. Equities are not as cheap as they’ve been over the previous couple of weeks, but we still have a significant amount of opportunities to realize a significant amount of gains and acquire a lot of free equity.
Be smart today, realize some gains, and practice risk management.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The markets have been beautiful and consistent recently and the algorithms have been appreciating the consistency of this week. Yesterday despite the beautiful run in the markets, I would expect the markets to beat our base algorithm again, but that is fortunately not the case. The base algorithm killed it.
The results of yesterday are as followed:
Baseline:
$SPY +1.04%
Our Results:
Base Algorithm +1.54%
Long Term Portfolio +1.02%
Neural Net +1.00%
Trading Bot +0.54%
Kokomo +0.50%
Market Neutral +0.48%
Good Vibrations -0.19%
Allocations today are going to be made utilizing our base algorithm. We will be allocating 100% of our capital with the intention of cutting all positions relatively quickly. Please be on the lookout for when I signal a full exit of all of the positions in the pilot.
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 7/29/2022
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
Risky - $RBLX , $GOOGL , $CCL
Swing Opportunities:
I’d recommend starting to sell OTM CC’s on equities you’ve purchased over the past few days to be able to actively hedge your portfolio in the case of a downturn. This limits your possible upside potential, but in the case that market conditions get worst, you are able to at least realize some gains in the process.
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
Relatively Safer Long - $BA
Economic News for 7/29/2022
PCE inflation index - 8:30 AM ET
Core PCE price index - 8:30 AM ET
PCE price index (year-over-year) - 8:30 AM ET
Core PCE price index (year-over-year) - 8:30 AM ET
Real disposable income - 8:30 AM ET
Real consumer spending - 8:30 AM ET
Nominal personal income - 8:30 AM ET
Nominal consumer spending - 8:30 AM ET
Employment cost index - 8:30 AM ET
Chicago PMI - 9:45 AM ET
UMich consumer sentiment index (final) - 10 AM ET
UMich 5-year inflation expectations (final) - 10 AM ET
Notable Earnings for 7/29/2022
Pre-Market Earnings:
Exxon Mobile (XOM)
Procter & Gamble (PG)
Chevron Corp (CVX)
AbbVie (ABBV)
AstraZeneca (AZN)
Sony Group (SONY)
Colgate-Palmolive (CL)
Enbridge (ENB)
Charter Communications (CHTR)
Phillips 66 (PSX)
Wrap up
Overall, please just be smart and safe today. I am worried about a fake out with the market causing us to come down heavily extremely quickly, but in the short term, please continue to capitalize on this momentum in the markets and realize some gains when we have an opportunity to do so.
Good luck trading today everyone. Please be smart and realize some gains to enjoy the weekend!!!
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