HaiKhuu Daily Report 8/09/2022
Good morning and happy Tuesday everyone! Hope you all are well rested and ready for today! Markets are down slightly from close yesterday at the time of me writing this report, so make sure to buckle up as today and tomorrow are going to be a wild ride.
Thoughts & Comments from 8/08/2022
Yesterday was an interesting yet kind of tough day for the markets. We opened up green from close on Friday at $415.25, rallied up to $417.62, and unfortunately came down afterward. Going into lunch, we started a sell-off and there was no recovery, unfortunately. We only continued to go down for the rest of the day. There were many quick opportunities to scalp towards the long side, but there were no good/solid opportunities.
$SPY on a day-to-day basis was down only 0.1%, From open to close was -0.54%, and from the high to the low was -1.4%. Tough day for the markets, but if you were able to navigate the markets with relative ease, you should have had a great time.
We played both the bullish and bearish sides yesterday. Selling off all of our hard allocations a half hour into open, we were able to capitalize on the bullish movement. Afterward, we shorted the downtrend and had a significant amount of success in the process. Being fluid with your positions and mindset will actively assist you in beating the markets consistently.
$SPY 8/08/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 8/09/2022
Today is looking interesting for the markets. With the markets currently downtrending through the pre-market session, I personally am lacking the confidence to actively make a significant amount of allocations.
There will be many opportunities to actively scalp, but I am highly concerned about what direction we are going to pick today going into CPI data tomorrow.
Please be extremely careful trading today. This drop does give us an active buying opportunity to scalp towards the upside, but with the current conditions of the market, I expect the majority of traders to lose money today and tomorrow.
Make it your goal to realize gains when given an opportunity to do so and do not get greedy.
Be smart, practice safe risk management, and don’t take on too much unnecessary risks today.
In the case you making a bad position, please don’t kick yourself over those losses and do not become irrational. Do not FOMO back into a play, do not revenge trade, and do not force an opportunity that is not present.
Do not trade because you want to trade. Only trade when you have an opportunity to do so.
Make sure to have a hedge on your portfolio going into tomorrow. Don’t make it a crazy hedge, but some bearish exposure will ease any pain.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was a tough day for the markets and unfortunately, the algorithms reflected that. In good news though, the pilot was profitable as we took profits early in the morning and cut all allocations prior to the drop in the market.
If you want to read more in-depth about the performance of all of our algorithms, please check out Asher’s report HERE.
The results of yesterday are as followed:
Baseline:
$SPY -0.54%
Our Results:
Kokomo: +0.32%
Pilot: +0.25%
Good Vibrations: +0.16%
Trading Bot: -0.19%
Base Algorithm: -0.20%
The Neural Net: -0.33%
Long Term Portfolio: -0.50%
Today we will NOT be making any allocations in the market due to the current market condition. This again is not due to a lack of confidence in our algorithms, our allocations, or our trading system.
With the markets starting to predict what will happen with CPI coming out tomorrow, we will see heavy movement in either direction and the algorithms are not able to actively predict positions with external factors being in consideration.
Please be careful if you decide to take any BAOSAC alerts today. If anything, watch out for the active trading bot’s alerts and follow those.
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 8/09/2022
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 , $SOFI , $BABA , $BA , $TSLA , $GOOGL , $AAPL , $MSFT
Free Equity List:
Safe - $SPY
Risky - $RBLX , $SOFI, $GOOGL , $CCL
Swing Opportunities:
I’d recommend continuing to sell OTM CC’s on equities you have in your portfolio. By the end of the week, you will either collect some extra premium, or you get your shares called away at a price you are comfortable and confident in.
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 8/09/2022
NFIB small-business index - 6 AM ET
Productivity - 8:30 AM ET
Unit labor costs - 8:30 AM ET
Notable Earnings for 8/09/2022
Pre-Market Earnings:
Emerson Electric Co (EMR)
Sysco Corp (SYY)
GlobalFoundries (GFS)
Warner Music Group (WMG)
Olaplex Holdings (OLPX)
Betley Systems Incorp (BSY)
Hyatt Hotels (H)
Aramark (ARMK)
Planet Fitness (PLNT)
Capri Holdings (CPRI)
After-Market Earnings:
Welltower (WELL)
Roblox Corp (RBLX)*
The Trade Desk (TTD)
Coinbase (COIN)*
Akamai Technologies (AKAM)
Unity Software (U)
XP Inc (XP)
Darling Ingredients (DAR)
Axon Enterprise (AXON)
H&R Block (HRB)
Wrap up
Overall, please be smart, safe, and reserved when trading today. I personally will not be trying to overtrade today. Unlike yesterday, there will not be much free money with trades today.
Don’t force anything, start to cut some allocations and hedge your portfolio going into CPI tomorrow. It’s gonna be a wild day.
Good luck trading today everyone!
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