HaiKhuu Daily Report 8/19/2022
Good morning and Happy Friday everyone!!! Hope you all are doing well, feeling amazing, and are well rested!
Yesterday was an interesting day for the markets with multiple organizations going absolutely insane and today should be the same. Markets are not looking good going into open. $SPY closed yesterday at $427.89 and are actively trading significantly lower right now. $SPY’s low this morning was $423.22. Markets are slightly trending up at the time of writing this report, but the movement is not anything of any major significance.
Thoughts & Comments from 8/18/2022
Markets were choppy yesterday which was expected. $SPY opened up ever so slightly, dropped down to make a low of $425.75, and then moved up accordingly to $428.
After making a high right above $428, we came down and made a new low right under $426. Once we made that low, the markets continued to trend up into close with $SPY making a new HOD at $428.61.
The markets came down during the final 20 minutes of the day. $SPY closed at $427.89, marking up +$1.24 (0.29%) with an intraday movement of +0.24%. If you were able to realize more than 0.24%, congratulations. You beat the market.
Hopefully, if you were actively watching and following, you were able to trade $DRUG yesterday and exit the majority of your position. We saw the equity run and make a high of $4.75. This absolutely insane movement was beautiful and a significant amount of us was able to exit our positions and actively realize a significant amount of gains.
$SPY 8/18/2022 ONE MINUTE INTRADAY CHART
Thoughts & Comments for Today 8/19/2022
Today is not looking the best going into open. Markets are down and the trend going into the day is bearish. If you look at the weekly chart on $SPY you will see that we are actively testing cloud resistance and will need a sizable movement up from where we are at to maintain this trend. Support/resistance on the weekly is at $426 on $SPY.
If you are not in hedges yet, it is not to late to enter, but it is not as optimal as it was for the previous couple of days. Please make sure you are actively hedged and are selling positions you do not want to be in as there will be a significant downside in the near future.
Personally, I’d recommend you be more reserved today while trading. There will be many great opportunities to actively trade on the markets and capitalize on this increase in volatility, but with that said, there is a significantly higher risk of loss potential while trading today.
Please practice safe risk management if you are trading today. If you are caught on the wrong side of the trade, cut your losses and minimize general exposure. Do not get emotional over your trades today. Do not get greedy with your gains and do not revenge trade if you’ve incurred some losses.
I will not be trading as much today, nor getting any long positions. Any trades that I end up taking (Outside of the pilot) will most likely just be quick scalps with the intention of acquiring some free equity.
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 tougher day for the algorithms. Unfortunately none of our systems beat the market but due to the markets being choppy and indecisive, it’s understandable that the performance was the way that it was.
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 +0.24%
Our Results:
Base Algorithm: +0.1%
Long Term Portfolio: +0.1%
GoodVibrations: -0.16%
FeelGoodInc: -0.21%
Kokomo: -0.22%
With the conditions of the markets not looking the best going into open today, we will be utilizing our FGI Sector Neutral portfolio to minimize general risks in the markets while still having bullish exposure. I do not expect this algorithm to be significantly profitable today, but I expect that with this exposure we will be able to outperform the market significantly on a day like today.
In the case I have an opportunity to realize a significant amount of gains, I will cut all positions relatively early. If I do not get an opportunity to cut, we will hold those positions until the end of the day and cut accordingly.
Please watch out for my notifications when I decide to exit all allocations for the day.
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 8/19/2022
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 8/19/2022
Richmond Fed President Tom Barkin speaks - 9 AM ET
Advance report on selected services - 10 AM ET
Notable Earnings for 8/19/2022
Pre-Market Earnings:
Deere & Company (DE)
Vipshop Holdings Limited (VIPS)
Foot Locker (FL)
Buckle (BKE)
Kuke Music Holding (KUKE)
Wrap up
Overall, please just be reserved when trading today. Only trade when you have an opportunity to do so and do not force anything. Please practice safe risk management and realize some gains when you can.
Good luck trading today everyone and hope you all have a great weekend!!!
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