HaiKhuu Daily Report 8/03/2022
Good morning and Happy hump day everyone! This has been an extremely quick week and I hope you guys all are hyped and excited for what is to come today. Markets are slightly bullish right now and there seems to be some optimism in the markets for today.
Get ready because today is gonna be a fun one!
Thoughts & Comments from 8/02/2022
Yesterday was an interesting day for the markets, $SPY opened at $409.03, took a dip down, and made a low at $406.82. After making a new low, we quickly pushed up twice and hit a high of $413. After making a new high, the markets sold off for the rest of the day. We closed the day at $408.06, down -$2.71 or 0.66% from the day prior.
Not the worst day for the market, but definitely not the best. There were many great opportunities to trade both the bullish and the bearish side of things and realize a significant amount of gains.
Hopefully, you all were able to actively trade and secure some profits.
Watching $HKD was extremely fun and interesting yesterday. I still cannot believe the opportunity that was available but unfortunately, most of us missed out. It is not a problem not buying into HKD due to the increased risk at purchasing at these relative highs, but if you purchased it when I alerted it and sold at the top, that would have been an EASY 10 bagger in a single day. $HKD hit a high yesterday of $2555.30. It would not surprise me if within the next couple of days there is significant news of a stock offering to secure billions of dollars of capital for the underlying organization and have the retail traders who buy in now, be left with a fraction of their allocation.
If you are in $HKD, consider taking profit soon. If you are not in $HKD, keep it that way, at least at this current price point.
After hours though, did include many significant earnings calls. Some of which were:
SBUX
AMD
SOFI
ABNB
PYPL
All were very interesting, moving independently from each other, but all were significant movements.
The biggest win for any and all of these earnings was SOFI being up 10% after hours and PayPal moving up 13%. Now we just need a beautiful bullish run from both of these organizations and to push another 250%. Wishful thinking, but give it enough time and it might become a reality.
$SPY 8/02/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 8/03/2022
Today is looking like it is going to be a bullish day for the markets. With this said, I do believe there is a chance we get blindsided and the markets do come down, but I believe that from open, there will be points in the day that we are actively trading higher than where we open, giving us an opportunity to realize some gains.
Please follow the momentum and hype. Once the hype slows down and the momentum starts to reverse, consider cutting all allocations for the day, possibly reversing positions and realize as many gains as possible.
Do not get caught in a downtrend (unless you are short) and practice risk management.
I am going to continue selling some CCs against equities that I own today to expire on Friday, with the intention that I won’t get the shares called away and I can collect the premium.
Be smart, be safe, and have a great time trading today.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
The market conditions yesterday were unfortunate and there really was not much we could have done about it. C’est la vie. We move on and live for another day. If you are interested in reading more in-depth about the performance of the algorithm and the markets, please check out Asher’s report HERE.
The results of yesterday are as followed:
Baseline:
$SPY -0.26%
Our Results:
Good Vibrations: -0.29%
Trading Bot: -0.29%
Base Algorithm: -0.72%
Kokomo: -0.72%
The Neural Net: -0.80%
Long Term Portfolio: -0.85%
Today we will be allocating roughly 75% of our portfolio towards the base algorithm with the intention of cutting all allocations as soon as we are given an opportunity to realize some gains. Realistically this will result in us not getting the most optimal exit available, but should at least give us a good exit. Hopefully, I am able to time the top, but if not. Oh well, we will live for another day.
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 8/03/2022
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 , $AMD , $BABA , $SOFI, $TSLA , $BA , $GAIN
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 8/03/2022
S&P US services PMI (final) - 9:45 AM ET
ISM services index - 10 AM ET
Factory orders - 10 AM ET
Core capital equipment orders (revision) - 10 AM ET
Notable Earnings for 8/03/2022
Pre-Market Earnings:
Sunoco (SUN)
Spirit AeroSystems (SPR)
Under Armour (UAA)
CVS Health (CVS)
Regeneron (REGN)
DISH Network Corp (DISH)
Enterprise Products (EPD)
Exelon Corp (EXC)
Jones Lang LaSalle (JLL)
Moderna (MRNA)
After-Market Earnings:
Booking Holdings (BKNG)
MetLife (MET)
Fortinet (FTNT)
McKesson Corp (MCK)
Nutrien (NTR)
Lucid Motors (LCID)
Realty Income (O)
eBay (EBAY)
Allstate Corp (ALL)
MGM Resorts (MGM)
Wrap up
Overall, please just be smart and safe while trading today. We need to practice high levels of risk management, but still realize some gains in the short term. Unrealized gains are not looking as bad as they were a couple of weeks ago, but things can always, and will hopefully only get better.
Good luck trading today everyone and let’s make some BANK!
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