HaiKhuu Daily Report 8/10/2022
Good morning and happy Wednesday everyone! It’s hump day! :D
Hope you all are excited and hyped for today. We have CPI data coming out today at 8:30am EST which will heavily impact the markets, for better or for worst. It will be extremely interesting to see what happens, with the slight bullish movement of the morning, it does give us some optimism for what is to come, but who truly knows what the end result will be until it happens.
Thoughts & Comments from 8/09/2022
Yesterday was honestly a disgusting day for the markets. With the markets trading in an extremely narrow range. $SPY opened at $412.30, quickly moved up and made a high of $412.74, then chopped around all day. The low on $SPY was $410.22, and we closed at $411.35. We ended the day down -$1.64 (-0.4%) from close on Tuesday.
There were far and few opportunities to trade throughout the day, but there still were opportunities to actively trade the bullish or the bearish side.
The chop of yesterday is obviously not the ideal situation, but with CPI coming out today, I did not expect any crazy movements yesterday, more of general uncertainty that would result in the majority of people trying to navigate to unfortunately lose.
I have the assumptions that the majority of people who tried trading yesterday were not able to generate profits as it was a difficult day to trade. Sucks that there was so much chop, but in the better light of things, at least there was not just straight blood like we’ve seen before in the past.
$SPY 8/09/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 8/10/2022
Today, CPI coming out prior to market opening will bring volatility to the markets and momentum in whichever direction the markets decide to go. We did get the message yesterday with a filing from Elon Musk that he sold roughly $6.9B in $TSLA shares over the previous couple of days, which does explain the roughly 6% drop in the price of $TSLA over the previous two trading days.
Having this news come out yesterday as well as CPI today does not give me hyper bullish vibes. I’d be extremely careful while trying to actively trade today.
The movement today will truly be determined by how the markets interpret the CPI reading today. There is an underlying bearish message getting sent through the retail markets right now, mostly with people hearing about Elon Musk actively selling off his shares of Tesla.
I would be extremely hesitant with actively trading today, but with that said, it would not surprise me if the markets decided to take a turn for the better and actively decide to move up as a result of this underlying bearish tone in the markets.
Be quick, careful, and concise with your trading while actively trading today. Expect the markets to attempt to fake everyone out. The goal for the general markets is to make sure that retail loses as much money as possible in the short term.
Don’t get greedy today. Do not FOMO into any plays today and practice safe risk management. Make sure to have active stops set up to limit loss potential and guarantee profits when given an opportunity to do so.
I personally will be more reserved with my allocations today and will only trade in the active direction of the markets.
If the markets go up, I’ll wait for $SPY to be overextended on the one minute prior to taking any positions to the upside or downside.
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 all of the algorithms. With the markets being choppy and unfortunately bleeding through the day, the performance was not up to par. We did actively beat the markets with some of the systems, but in general, it was just a disgusting day for the markets. Thankfully, due to our executive decision to sit yesterday and today out, we were able to mitigate any and all of the losses that were incurred during this time.
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 -0.21%
Our Results:
The Neural Net: -0.02%
Long Term Portfolio: -0.08%
Trading Bot: -0.12%
Base Algorithm: -0.23%
Kokomo: -0.47%
Good Vibrations: -0.54%
Today, as I stated before, due to CPI data coming out prior to markets opening, we do not have any intentions of taking any active positions today.
All positions are still valid from a technical analysis standpoint and have an opportunity to make a significant amount of gains for anyone who takes any of the plays. But as a result of external factors that we are not able to account for with our calculations, the risks of trading on the pilot today will be increased heavily and thus we are sitting on the side to mitigate risks.
Be careful if you are trying to take any alerts and make sure to practice safe risk management if you are doing so. My personal recommendation is if you are trying to get an entry on any of our algorithms today, watch out for the intraday trading alerts and cherry-pick the ones you personally are the most confident in.
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 8/10/2022
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 8/10/2022
Consumer price index - 8:30 AM ET
Core CPI - 8:30 AM ET
CPI (year over year) - 8:30 AM ET
Core CPI (year over year) - 8:30 AM ET
Wholesale inventories (revision) - 10 AM ET
Federal budget (compared with year earlier) - 2 PM ET
Notable Earnings for 8/10/2022
Pre-Market Earnings:
CAE Inc (CAE)
Bright Health Group (BHG)
Fox Corp (FOXA)
Wendy's Corp (WEN)
IronSource (IS)
Wix.com (WIX)
Wolverine World Wide (WWW)
Life Time Group (LTH)
CyberArk Software (CYBR)
Xometry (XMTR)
After-Market Earnings:
Disney (DIS)
Manulife Financial (MFC)
Coupang Inc (CPNG)
Franco-Nevada (FNV)
Applovin Corp (APP)
VIZIO Holding (VZIO)
Stantec (STN)
Marqeta (MQ)
Bumble Inc (BMBL)
Sonos, Inc (SONO)
Wrap up
Overall, the movement today in the markets will come down to the results of CPI, general market sentiment, and the reaction to CPI data.
Please be smart and safe while trading today. Capitalize on the volatility and momentum. Don’t get caught going in the wrong direction and maximize the amount of gains you realize today.
Good luck trading today everyone and may the markets be in your favor!
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