HaiKhuu Daily Trading Report

Good morning and Happy Monday everyone! Hope you all had an amazing weekend and are ready for this trading week. Markets have continued to come down heavily since we’ve hit the relative top and there does not seem to be any sign of reversal yet.

Hopefully, you all have hedged your portfolios and are prepared for what is coming up. This will be an interesting and extremely difficult week for the markets. Things have been bullish for the past month and now is the time we have to capitalize on the volatility and prepare for what is coming up.

Thoughts & Comments from 8/19/2022

Last week broke the four-week bullish trend as we rejected the weekly cloud resistance. We hit a high on $SPY at $431.73 on Tuesday and continued to trend down during the relatively quick week for the markets. It is unfortunate that the markets have been trending down since making the high, but at least this movement down was highly predictable. Like I said before, hopefully you all were able to actively exit your positions that you did not want to hold at the relative top and were able to hedge your portfolio for this downside.

We have a lot of catalysts for downside coming this week including Jackson Hole, Tesla’s stock split and lots of general earnings / economic news.

Thoughts & Comments for Today 8/22/2022

Today is going to be a disgusting day for the markets. I am not extremely bearish this week, but I am bearish in general until we come down to support levels on the market. I will not be extremely bearish until we break the weekly support on $SPY at $412.12.

As we have rejected the $420 support level on $SPY, expect to see more volatility and retail traders who bought in at the relative top start to sell off and continue this downtrend.

Capitalize on this volatility and please be cautious and safe in these market conditions. Continue to hedge your positions and sell off some bags you want to cut, and prepare for the worst. Obviously, hope for the best but genuinely, prepare for the worst. I don’t expect the markets to make a new low of the year anytime soon, but I do expect downside from this point. $SPY testing $400 will be the true test of the current market conditions. Timing will be key to your success while the markets are trending the way that they are. Buy the dips when there are signs of a reversal, and sell the rips once there is a sign of reversal. We’ve moved up significantly over the previous month, now it is time for the markets to unfortunately come down. Have cash prepared on the side
to purchase here at the end of the month when people are scared, for a push-up in September but do not get greedy in any way, shape, or form.

Cash will be king when the markets are at a low. Take this time to sell off some extra positions you have now to prepare for that low. Continue to maintain exposure but just limit the amount of general exposure you have.

Actively day trade when you are given an opportunity to do so and respect your limits. In the case that you have general downside, do not get emotional over your losses. Practice safe risk management and do not get emotional with your trades. Think with logic and respect your losses. Incur your losses quickly and move on with your life. Do not FOMO into any plays that you miss, and do not revenge trade any positions you lose on.

I wouldn’t recommend attempting to take any free equity right now, any cash you are able to acquire on a scalp, unless you really like the organization, should remain in cash.

If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.

HaiKhuu Proprietary Algorithm Report:

Last week was a great week for our algorithms and all of our testing systems. We were able to test out FGI, our newest sector-neutral portfolio and it has worked out beautifully and extremely successfully. We are prepared for any downside risk while having a neutral beta and still having bullish exposure.

If you want to read more in-depth about the performance of all of our algorithms, please check out Asher’s report HERE.

Per the request of multiple users, with all of the algorithms we have going on, we will start to rename our algorithms specifically to what they are in perspective to the markets. I personally believe that the song names are fun, but with so many algorithms in the works, it might get confusing. So please be on the look out for the name changes and get familiar with the different allocation styles.

Today due to the current market conditions, we want to be significantly more reserved. I personally do not have the confidence in the markets to want to open up any allocations today, so we will be sitting out today. If we had to pick any allocations though, I would want to test out our newest sector-neutral portfolio FGI, but with this heavy of a movement prior to open, we’ve decided that it is not worth the risk for any allocations today.

All allocations are still valid from a technical analysis standpoint, but I would be extremely cautious when attempting to make any plays today.

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.

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, $GCT*
Free Equity List:

Safe - $SPY

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 @ $120 Range

Economic News for 8/22/2022

Chicago Fed national activity index - 8:30 AM ET

Notable Earnings for 8/22/2022

Pre-Market Earnings:

Naas Technology (NAAS)
Allego NV (ALLG)
Viomi Technology (VIOT)

After-Market Earnings:

Palo Alto Networks (PANW)
Zoom (ZM)
Nordson Corp (NDSN)
DLocal Limited (DLO)
Dada Nexus Limited (DADA)
FinVolution (FINV)
Afya Limited (AFYA)
Flexsteel Industries (FLXS)

Wrap up

Overall, please just be smart, safe, and reserved trading today. Do not purchase any swing plays at this time. Try to sell off active bags that you’ve been holding and hedge your portfolio for the upcoming downside.

Start holding more cash and wait to buy the upcoming dip.

Good luck trading today everyone and let’s be smart with all of our positions today!

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HaiKhuu Daily Report 8/22/2022