HaiKhuu Daily Report 8/12/2022
Good morning and happy Friday everyone! Hope you are hyped and excited for this weekend as it has been one absolutely insane week!
Markets are green going into open and things are looking phenomenal across the board. Its going to be interesting seeing where we end the week, ideally we close the week above $420 on $SPY.
Thoughts & Comments from 8/11/2022
Yesterday was an extremely interesting and day for the market. Things were looking good into open, from open we rallied up to $424.95 and things were looking beautiful. Right around 10:30am EST though, the markets started selling off with no real sign for recovery. We did hit VWAP after the lunch break was over, but we unfortunately hit the low of day right after that. $SPY hit a low of day during power hour at $419.21.
We closed the day oddly at the exact same place we did previously on Wednesday at $419.99 +0.00 (0.00%). I am pretty sure I saw us break above $420 prior to close, but if all the charts are marking there… I guess it might be right.
Even though the day to day movement on $SPY was black, does not discount the amount of volatility and momentum we had in the markets. From open to close, we were down 0.71%, from the high to low $SPY moved down roughly 1.3%.
The day to day might not seem terrible, but if you look at that intraday movement, there was a significant amount of movement that happened.
Hopefully you all were able to capitalize on the market conditions and were able to all realize a significant amount of gains in the process!
$SPY 8/11/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 8/12/2022
Today is going to be an interesting day. With the previous two days officially closing under $420, I am genuinely curious to see what will happen today.
We need a confirmation within the markets if we are going to hold or reject this $420 level on $SPY. Back in April when we hit $420, we had a hard rejection. Looking at the previous two days we’ve closed literally at $419.99. Its clear that the market makers are actively fighting to push the markets in either direction, but only one side will actively win. Ideally it is the bullish side that ultimately wins, but we have to prepare for the downside.
As discussed yesterday in the live call, I agree with Carlos and his opinion that in the case that we have downside, I do not believe we will see a new low of year. But if we do see some downside it still wont be a good time. I recommend that everyone, despite the markets looking amazing right now to actively open up some hedges on your portfolio. Yesterday I started to grab some hedges on some of my positions and I intend on continuing to add to the hedges over the following weeks. In the case that the markets go up, those hedges will end up worthless and I will not gain as much, but in the case of downside, or major downside, the positions that I have open will not lose as much as they should.
Ideally we see continue to hold this $420 support level and continue to move up accordingly, but in the case that we don’t, at least we are able to hedge against the potential downside.
Please be careful in these current market conditions. I still recommend taking on more risk when we are trading above $420. Yesterday’s morning run was a great example on why you should take on more risk (Markets moving up 0.6% in under an hour), but also a reason to remember that we should not get greedy and take profits when they are available (Markets came down 1.3% from the top).
Realize some gains, take some free equity and move on with your life.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was an amazing day for the pilot. Taking into account the message that I sent yesterday, we sold at the high of day and were able to realize a significant amount of gains in the process and dodge all of the downside risks. The pilot beat the markets by a significant margin. The pilot net a return of 0.42%, beating the market by 1.13%. Definitely a win for the pilot.
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 -0.71%
Our Results:
GoodVibrations: +0.55%
Pilot: +0.42%
Kokomo: +0.41%
Trading Bot: -0.01%
FeelGoodInc: -0.26%
Long Term Portfolio: -0.32%
The Neural Net: -0.34%
Base Algorithm: -0.67%
The Market: -0.71%
Today with the sudden change in my personal set up, I will not be allocating anything in the pilot today. This is not due to a lack of confidence in either the markets or our systems. It is just a one-off logistics that will not be an ongoing problem and will be solved by Monday.
If I had to decide on an allocation to take though today, I’d personally be the most confident in a market neutral portfolio leaning towards our older algorithm Kokomo. Kokomo has been published already for anyone who is interested in taking any of those allocations.
Please practice safe risk management if you are taking any of these alerts and take profits early.
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 8/12/2022
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 , $RIVN, $SOFI , $BABA , $BA , $TSLA, $AMD, $AMZN
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.
Start to enter into active hedges in your portfolio and decrease the amount of exposure you have. Do not go crazy trying to play the downside, but at least you are able to limit the amount of risk and exposure you have in the current market conditions.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Long Term Risky Play - $BABA
Stock Split Play - $TSLA
Relatively Safer Long - $BA*
Economic News for 8/12/2022
Import price index - 8:30 AM ET
UMich consumer sentiment index (preliminary) - 10 AM ET
UMich 5-year inflation expectations (preliminary) - 10 AM ET
Notable Earnings for 8/12/2022
Pre-Market Earnings:
AirSculpt Technologies (AIRS)
Broadridge Financial (BR)
Spectrum Brands Holdings (SPB)
PureCycle Technologies (PCT)
The Real Good Food Company (RGF)
Wrap up
Overall, it should be an exciting day to end one intense week. Grab free equity while you can, yesterday was an amazing opportunity to do so, and today should present you a bunch of opportunities too. Hedge your portfolio to the downside and capitalize on this bullish momentum while you can.
Be smart, take on smart plays, don’t be greedy and realize some gains while you can.
Good luck trading today everyone and have a phenomenal weekend!
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