HaiKhuu Daily Report 8/05/2022
Good morning and Happy Friday everyone! I hope you all have some fun plans set up for this weekend!
Markets are not looking the best right now, we are slightly down from close yesterday but, that does not mean there are not great opportunities to actively trade.
Hopefully, we have a beautifully green Friday, but in these current market conditions, anything can truly happen. So let’s see how things go.
Thoughts & Comments from 8/04/2022
Yesterday was an extremely choppy and kind of disgusting day for the markets. $SPY closed black at $414.17 −0.28 (0.068%). There was a lot of active intraday movement with positions consistently going up and down throughout the day, but the day-to-day general movement was extremely low.
There is not really much else to say about yesterday, unfortunately. Hopefully, you all were able to realize some gains in the short term and make some gains, but I don’t expect the gains of yesterday to match the gains of Wednesday at all. C’est la vie. Welcome to another nasty day for the stock market. We all lived for another day and can live and fight for another day.
$SPY 8/04/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 8/05/2022
Today as I said before, is not looking the best. Personally, I don’t want to sound pessimistic, but it’s not looking too great. $SPY at the time of writing this part of the report is actually up now from close yesterday, but that does not build too much optimism in myself personally.
There will be many great opportunities to go both long and short today, but you really will have to be able to time out your positions perfectly.
Trading today will genuinely be a coin toss on which direction we ultimately decide on going. If we decide to rally today, I expect it to be short-lived, and if we decide to dump, I am personally worried it will scare momentum going into the weekend.
If you are actively trying to trade, please make sure to practice safe risk management, limit your downside risk potential and realize gains quickly.
Today will not be a day that you’ll want to be caught playing in the wrong direction.
Personally, I do not anticipate entering into any trades today, I might try and time out some scalps on $SPY, but generally, I will mostly be reserved with attempting to make any allocations out of safety for today and a personal lack of confidence in these conditions.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Market conditions were unfortunately tough yesterday and our results were impacted. It is unfortunate that the algorithms did not perform as well as we hoped, but at least there were no major catastrophic failures.
Our results are as followed:
Baseline:
$SPY -0.05%
Our Results:
Trading Bot: +0.05%
The Market: -0.05%
Kokomo: -0.24%
Long Term Portfolio: -0.32%
Good Vibrations: -0.42%
The Neural Net: -0.48%
Base Algorithm: -0.61%
Like I said before, it’s unfortunate that the algorithms did not do well, but everything came down to $WMT not performing as well as we had hoped due to external news that came out. Thankfully this is a one-off event that thankfully we are able to easily rebound from.
For our allocations today, we had to make the hard decision between going into Kokomo or holding cash for the day. Personally, I am comfortable and confident entering into Kokomo as it is a market-neutral portfolio that regardless of market conditions, *SHOULD* do alright, but with the current market activity, I personally lack a significant amount of confidence for today. As a result of this lack of confidence, we are not entering into any positions today in the pilot.
All positions that are alerted are still valid, but with the current market conditions for today, I would recommend only taking the positions you have the most confidence in and practicing safe risk management.
Please don’t get burnt today if you are attempting to take any of these alerts and make sure to limit your downside risk potential.
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 8/05/2022
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 , $BABA , $AMD , $SOFI , $RBLX, $AAPL , $MSFT
Free Equity List:
Safe - $SPY
Risky - $RBLX , $GOOGL , $CCL , $AAL, $BA
Swing Opportunities:
This is still not the time to try and time out any plays, unfortunately. Please be safe and smart with any positions you are trying to hold. The only time I would recommend purchasing more for an active swing is if you are actively DCA’ing on some positions or are comfortable and confident averaging down on your positions. Things are not optimal at the moment so just be extremely careful if you are trying to buy more here.
I’d recommend selling OTM CC’s that expire today to collect extra premium and preparing to start hedging your account / holding cash.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Relatively Safer Long - $BA*
Economic News for 8/05/2022
Nonfarm payrolls - 8:30 AM ET
Unemployment rate - 8:30 AM ET
Average hourly earnings - 8:30 AM ET
Labor-force participation rate, age 25-54 - 8:30 AM ET
Consumer credit - 3 PM ET
Notable Earnings for 8/05/2022
Pre-Market Earnings:
Adient Plc (ADNT)
American Axle (AXL)
Atlas Air Worldwide (AAWW)
Brookfield Renewable (BEP)
Canopy Growth (CGC)
Cinemark (CNK)
DraftKings (DKNG)
Fluor Corp (FLR)
Global Partners (GLP)
Goodyear Tire (GT)
Wrap up
Overall, today should be an interesting day for the markets. Hopefully, the markets only continue to push and blindly move up so everyone is able to realize a significant amount of gains. But we all understand that these conditions are not optimal to trade today.
Good luck trading today for anyone who will be making a significant amount of active positions, and I hope you all have a phenomenal weekend!
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