HaiKhuu Daily Report 8/18/2022
Good morning and Happy Thursday everyone! Markets were relatively rough yesterday but are looking more optimal today! Hope you all are ready for what might be a continuation of this rally. With the markets looking optimal to move, Jobless claims coming out at 8:30am EST will impact the markets significantly and guide the momentum going into open.
Thoughts & Comments from 8/17/2022
Yesterday was a crazy day for the markets. We opened down, sold off in the morning. During the lunch time lul we saw some buying into the Fed minutes coming out and watched the markets go on an absolute tear.
$SPY opened down at 425.94, and made a low of 424.55 but then quickly recovered going into the minutes. $SPY was hovering around high 426 prior to absolutely taking off. Once the FOMC minutes came out, we had $SPY quickly rally to a high of $429.50.
After the FOMC rally, we can down quickly and swiftly into close. $SPY closed the day at 426.65 −3.05 (0.71%) but had an intraday movement of +0.17% from open to close.
It was an amazing day with lots of trading opportunities despite the relatively small intraday movement.
Hopefully, you all were able to realize a significant amount of gains in the process!
A slight pullback like yesterday is good, it helps build confidence at these levels from traders, I’d still recommend actively hedging your portfolio to minimize the amount of exposure you have in the markets, but just remember to capitalize on the momentum on both sides and attempt to realize as many gains as possible.
$SPY 8/17/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 8/18/2022
Today is going to be another crazy day with the markets. Like I said before, with jobless claims coming out, that will heavily impact the direction and momentum we have for the markets today.
Please be careful of any fakeouts. Markets are slightly bullish right now as we are trading a point higher on $SPY than we were at close yesterday. This is a good sign going into economic data as people are slowly purchasing in anticipation of those numbers.
Regardless of what happens with the market during this pre-market session, please just remember to follow the active trading momentum, don’t try and time out a reversal, and practice safe risk management.
If you are trying to short, wait until there is a confirmation of a reversal after a heavy movement up. The markets if trending, will continue to trend today.
If you are trying to go long, wait until what you are watching is oversold and is in a place you can buy with confidence, buy and then hold.
Set stops in guaranteed profit and let your position run or stop you out. Be careful setting stop losses that are too tight though today as we are expecting an increased amount of chop through the trading day
Greed will slaughter some pigs today, don’t be in a position where you are willing to get slaughtered.
Realize some gains, take some free equity and move on with your life today.
Personally, I anticipate entering into a bunch of free equity trades today as the first portion of my free equity transfer has officially cleared.
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 relatively flat day for both the markets as well as the algorithms. None of the systems we had outperformed the markets yesterday, but at least the base algorithm was right in line, as well as having our neutral systems do their jobs correctly. Very interesting to see that FGI has been the most efficient at having consistent neutral results across the board.
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 +0.17%
Our Results:
Base Algorithm: +0.16%
Long Term Portfolio: +0.01%
FeelGoodInc: -0.04%
Kokomo: -0.15%
Good Vibrations: -0.33%
Today we will be waiting for jobless claims prior to making any entries in the pilot;
When the numbers come out, we will be actively deciding which of the two systems we would like to utilize.
In the case that the economic news creates bullish momentum, we will be actively allocating directly into the base algorithm with the intention of cutting positions early.
In the case that the economic news creates bearish momentum, we will be actively testing out our newest sector-neutral portfolio FGI with the intention of holding the positions until close.
Please watch out for which allocations we decide to pick and watch for any notifications on when that active allocation changes.
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 8/18/2022
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 , $AAPL, $BABA , $NVDA , $GOOGL , $BA , $TSLA , $MSFT
Free Equity List:
Safe - $SPY
Risky - $F, $CCL , $UAL , $SOFI , $SPCE, $PLTR, $HOOD
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.
Hedge your portfolio for the possible downside that is coming up. I’d rather you all be safe and actively hedged than sorry when the markets inevitably come down.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Risky Speculative Play - $BABA
Split Play - $TSLA
Relatively Safer Long - $BA*
Economic News for 8/18/2022
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Philadelphia Fed manufacturing index - 8:30 AM ET
Existing home sales (SAAR) - 10 AM ET
Leading economic indicators - 10 AM ET
Kansas City Fed President Esther George speaks -1:20 PM ET
Minneapolis Fed President Neel Kashkari speaks - 1:45 PM ET
Notable Earnings for 8/18/2022
Pre-Market Earnings:
Estee Lauder (EL)
NetEase (NTES)
NICE Ltd (NICE)
BJs Wholesale Club (BJ)
Tapestry (TPR)
Kohl's Corp (KSS)
Canadian Solar (CSIQ)
SpartanNash Company (SPTN)
Canaan Inc (CAN)
Youdao (DAO)
After-Market Earnings:
Applied Materials (AMAT)
Ross Stores Inc (ROST)
Bill.com (BILL)
360 DigiTech (QFIN)
OSI Systems (OSIS)
Navigator Holdings (NVGS)
Arco Platform Limited (ARCE)
Lantronix (LTRX)
Wrap up
Overall, please just be safe while trading today. Do not do anything crazy, don’t take on any dumb plays and be reserved with all positions you will make today. Continue to hedge your portfolio and be safe while doing so.
Trade quickly today and realize some gains when you have an opportunity to do so!
Good luck trading today everyone and let’s continue to make some bank!
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