HaiKhuu Daily Trading Report

Good morning and happy Tuesday everyone! Yesterday was a terrible day for the markets but today is looking a little bit more optimistic. I hope you all are doing well and are ready for what is to come today. $SPY is currently hovering slightly above the close of yesterday. With the markets still not looking phenomenal, please be sure to practice the highest level of risk management.

Thoughts & Comments from 8/22/2022

Yesterday was an absolutely bloody day for the markets. We opened down and continued to bleed throughout the day. There were many opportunities to actively trade, the majority of them being towards the downside, unfortunately. $SPY had a rough day closing down 2.08% at $413.35, with an intraday movement of -0.89%

Overall, absolutely bloody day and it is unfortunate that we had to just watch as the markets unfortunately slow bleed through the day, but C’est la vie, welcome to a bad day for the markets. We’ve had a month of straight gains, one rough day will not kill us.

The one thing that does concern me about the drop of yesterday is that we broke the $420 support/confidence level and have come straight down as a result. It is not a good feeling watching the markets break other support levels, but it is reassuring that we knew this selling was happening and were able to mitigate a portion of losses.

Please be careful moving forward with the markets in the short term, market conditions should only continue to get worst in the short term, prior to bouncing and looking good again.

Expect the markets to recover here in the upcoming weeks as we rally into the end of the year.

Thoughts & Comments for Today 8/23/2022

Today is looking interesting for the markets. With us up slightly from close yesterday, this does bring some optimism into the markets but is done in a way where people are uncertain on which direction they’d want to pick. On $SPY, we are on weekly baseline support and there is an active gap on the weekly charts back up to above $420. Ideally, we bounce here and move up accordingly, but who genuinely knows what will happen.

This baseline support on the $SPY weekly is at $412.12, if you look at daily baseline support we have it at $406.20.

The markets are going to pick a direction relatively soon and it will be done in a fashion where conditions in the market hurt as many people as possible. I personally expect us to see a heavy drop in the short term to scare and cause panic in the retail markets for the institutions to actively purchase the dip and cause the markets to come back up.

For trading today, I expect some bullish momentum to come throughout the day as a result of the heavy sell-off yesterday. I am not confident that we will close higher than open today, but I am confident that throughout the day, there will be many opportunities to sell higher than we closed.

When you decide to trade today, wait for a confirmation of a trend and follow the said trend. Practice safe risk management and actively assure that you are confident with your trades. Do not revenge trade anything, overallocate yourself or do anything that may is overly risky.

I personally will be relatively reserved with my active trades today, but I will still scalp when I have an opportunity to do so as well as open positions in the pilot account.

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 extremely tough day for the markets, thankfully through our executive decision on holding cash, we were able to beat out both the algorithms and the markets by a significant margin.

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 -0.89%

Our Results:

Pilot: +0.0%
Experimental Sector Neutral: -0.11%
Sector Neutral: -0.35%
Market Neutral: -0.51%
Long Term Portfolio: -0.68%
Base Algorithm: -0.86%

Due to the current market conditions, we want to be relatively reserved and will be utilizing FGI, our newest experimental sector-neutral portfolio to actively hedge against market conditions. We believe that this should beat out the markets consistently in the case of downturn. We do not expect this system to be extremely profitable today, but we are going in with the assumption that these allocations will actively beat out any and all indexes today.

Please be on the look-out for 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.

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 , $QQQ, $TSLA , $BABA , $BA , $MSFT , $GOOGL
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 8/23/2022

S&P US manufacturing PMI (flash) - 9:45 AM ET
S&P US service PMI (flash) - 9:45 AM ET
New home sales (SAAR) - 10 AM ET

Notable Earnings for 8/23/2022

Pre-Market Earnings:

Medtronic (MDT)
JD.com (JD)
Bank of Nova Scotia (BNS)
Xpeng (XPEV)
KE Holdings (BEKE)
JM Smucker Company (SJM)
Dole (DOLE)
Dick's Sporting Goods (DKS)
GDS Holdings (GDS)
Macys (M)

After-Market Earnings:

Intuit (INTU)
Advance Auto Parts (AAP)
Toll Brothers (TOL)
Paycor HCM (PYCR)
Nordstrom (JWN)
Urban Outfitters (URBN)
La-Z-Boy (LZB)
Caleres (CAL)
ScanSource (SCSC)
Aviat Networks (AVNW)

Wrap up

Overall, please be smart and safe with your positions. Be reserved with your allocations today and make sure to practice risk management. Don’t take on any risks while trading today and respect any and all limits that you place.

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

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HaiKhuu Daily Report 8/23/2022