HaiKhuu Daily Trading Report

Good morning and Happy hump day everyone!!!

Hope you all are well rested, feeling great, and are ready for today. This is going to be a wild day for the markets, so mentally and physically prepare for what is about to happen! Today is the last day prior to getting into the $TSLA stock split, $SOFI is going crazy pre-market and we have Jackson Hole starting up tomorrow. If you don’t know what Jackson Hole is, please check out THIS article as it heavily impacts the markets!

Thoughts & Comments from 8/23/2022

Yesterday was a terrible day for the markets. Markets were looking good in the morning prior to selling off and having low volume throughout the day. $SPY closed at 412.35 down 0.24% with an intraday movement of -0.13%.

It was interesting seeing the markets move up in the morning going into economic news, but once the hype started to fade away, we continued to see selling going into the end of the day. The only organization that I personally felt did well yesterday was $TSLA, closing the day up 2.26%. If Tesla did not have the movement up that it did, we would have had a significantly worst day for the general markets.

We did see $SPY actively test, and at some points break below that weekly support level I was talking about, thankfully the markets did move up accordingly and were able to close above that support level, but it will be sketchy unfortunately until we get a confirmation of a direction that we want to officially go. I don’t know if we will be able to hold that $412.12 weekly support I have been talking about, but once we ultimately decide on which direction to take we will be able to actively decide what the game plan is on how to navigate the markets.

Thoughts & Comments for Today 8/24/2022

Today as I said before is going to be a very interesting day for the markets. Going into this pre-market session there is a significant amount of bullish momentum which does bring optimism into today's trading day. I still will recommend that everyone proceed with relative caution, but at the same time, please capitalize on this momentum while it is here.

Trade like the wind, be quick with your scalps, and do not get greedy in any way, shape, or form. I still will recommend that everyone be cautious in terms of their long-term plays. If you are looking to take on some extra risk, feel free to purchase some swings but just make sure you are not taking on too much heat and are practicing safe risk management.

If you are looking for something interesting to scalp today, please watch out for $SOFI and $TSLA, both have bullish momentum going into today’s trading day and will give people a significant amount of opportunities to realize some gains. Please just be smart and safe in the process though.

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 great day for the markets as well as actively utilizing our newest neutral strategies. Most of our systems actively beat the markets, and the neutral strategies were able to be profitable in the terrible market conditions.

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 -0.13%

Our Results:

Sector Neutral: +0.21%
Experimental Sector Neutral: +0.16%
Experimental Market Neutral: +0.01%
Base Algorithm: -0.06%
Long Term Portfolio: -0.14%
Market Neutral: -0.28%

Utilizing FGI, (Experimental Sector neutral) we were able to beat out the markets and generate some profits yesterday. The profits unfortunately were not substantial to a point where we can be extremely happy about the results, but what it does provide is confidence in the systems knowing that regardless of what has happened, we are able to actively hedge against market conditions, be beta neutral but still have the ability to have bullish exposure for an opportunity to realize a significant amount of gains.

Today, following up yesterday, despite having bullish momentum in the markets, we will be utilizing our experimental sector-neutral portfolio again. This is part of both our testing of the new system as well as actively seeing how it performs in these market conditions.

Please be on the lookout if we decide to exit our positions early and watch for any possible changes in our allocations.

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 , $SOFI , $TSLA , $BA , $AAPL , $GOOGL , $MSFT , $NVDA*
Free Equity List:

Safe - $SPY
Risk - $SOFI , $AMD , $NVDA

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 8/24/2022

Durable goods orders - 8:30 AM ET
Core capital equipment orders - 8:30 AM ET
Pending home sales index - 10 AM ET

Notable Earnings for 8/24/2022

Pre-Market Earnings:

Royal Bank of Canada (RY)
II-VI Incorp (IIVI)
Petco (WOOF)
Dycom (DY)
TDCX Inc (TDCX)
Brinker International (EAT)
ATRenew (RERE)
Citi Trends (CTRN)

After-Market Earnings:

Nvdia (NVDA)
Salesforce (CRM)
Snowflake (SNOW)
Autodesk (ADSK)
Splunk (SPLK)
NetApp (NTAP)
Williams Sonoma (WSM)
Box, Inc (BOX)
Victorias Secret (VSCO)
Zuora (ZUO)

Wrap up

Overall, please make the most of today. With the bullish momentum we currently have in the markets, there is many opportunities to realize a significant amount of gains today. Be smart and hedge your portfolios accordingly for the upcoming weeks. Hopefully the markets continue to come up today, but overall there is still a bearish undertone for the markets. Prepare accordingly, realize some gains now while you can and have a great time doing so.

Good luck trading today everyone and let’s make some bank!

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HaiKhuu Daily Report 8/24/2022