HaiKhuu Daily Trading Report

Good morning and happy Monday everyone! Hope you all had a great weekend, California is a beautiful state. Despite California being beautiful, the markets are looking absolutely disgusting.

On Friday we dropped approximately 3.5% on $SPY and we are down another 0.85% at the time of me writing this report. $SPY is nearing that $400 support level I’ve been talking about, and hopefully, you all have your tinfoil hats ready because this is going to be a wild ride.

Thoughts & Comments from last week

Last week was a tough week for the markets, we had one of the best days we’ve had in a while on Thursday, and we had one of the worst trading days of the year on Friday. The markets stayed below that $420 resistance level pretty much the whole week which was a sign of individuals selling off Friday. We started the week at roughly $417 and closed the week at $405.31. Markets came down roughly 3% over the course of the week and roughly 3.5% from the top on Friday.

YTD $SPY is now down over 15% for the year, /NQ is down 24.46%, and .DJI is down roughly 12%.

This has been a disgusting year for the markets, but we should hopefully see a recovery of the markets here soon.

Thoughts & Comments for Today 8/29/2022

Today, please be extremely careful in these current market conditions if you are trading.

If you are attempting to trade, please just be as reserved as possible. With the markets testing this $400 support level, the markets are in a sketchy area. We have broken down and are testing support, either we are going to bounce off of this support or break the $400 support level and continue to sell off. If we break this $400 range, we most likely will come down some more. In the case that we bounce, there will be a long and slow grind back up.

Realistically today, I want us all to be as safe as possible and take on the least amount of risk possible.

Hope you all had your tinfoil hats on over the past week and were getting your hedges in your account. Now that the first major movement has happened, it is not the best time to hedge your accounts anymore, but what you can do now is simply minimize the amount of risks that you are taking while actively trading, but look at this as an opportunity to buy the dip and start looking to make long positions for the next couple of weeks.

Please please please be extremely cautious today and for the remainder of the week until we decide to bounce.

The bounce here will be sharp and take people by surprise as people are going to start selling off here in a panic.

Be calm and collected and don’t let this scare you. Look for undervalued fundamentally solid organizations which you are able to hold with confidence through this time, with the anticipation of selling off over the next couple of weeks.

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

Historical performance of $SPY on midterm years

HaiKhuu Proprietary Algorithm Report:

Friday was an absolutely DEADLY day for the markets. With the markets selling off significantly, there was blood in the streets and a lot of people were left hurt and burnt. But fortunately, our algorithm system was prepared for a day like Friday and we thankfully were able to dodge each and every bullet the markets shot at us.

The results of Friday are as followed:

Baseline:

$SPY: -3.36%

Our Results:

Pilot +0.4%
Sector Neutral 0.22%
Experimental Sector Neutral -0.06%
Market Neutral -0.35%
Experimental Market Neutral -0.64%
Long Term Portfolio -2.66%
Base Algorithm -2.78%

While the markets were bloody red, our neutral strategies were able to actively beat the markets by a significant margin as well as we were able to beat the markets by a significant amount on the pilot. The gains themselves were not the craziest, but beating the market by almost 4% on Friday is a huge win for us.

I am excited to see what will happen with the next improvements to the algorithm, we will be utilizing the base algorithm heavily over the next couple of days while the markets recover, while also preparing our market neutral strategies to hedge towards the middle of September.

Due to the market conditions of today and the increased risk of having exposure in the markets, we will not be making any allocations today in the pilot. This is obviously due to the current market conditions. We could always utilize FGI (Our Experimental Sector Neutral Portfolio) but with the movement of today, I am confident it will do well minimizing all risks, but in this market conditions, I’d rather be safe than sorry.

Please practice safe risk management and realize some gains when you have an opportunity today if you are taking on any of these alerts.

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 , $BABA, $AMD , $OXY , $SOFI , $BA , $AMD, $MSFT
Free Equity List:

Safe - $SPY

Swing Opportunities:

Look to buy fundamentally solid organizations on this dip that you have confidence in purchasing and holding for approximately 2~ weeks. Be careful going too heavy with these allocations, but look to buy this dip.

LONG OPPORTUNITIES:

Long Term Dividend - $GAIN
Risky Speculative Play - $BABA
Split Play - $TSLA
Relatively Safer Long - $BA

Economic News for 8/29/2022

None Scheduled

Notable Earnings for 8/29/2022

Pre-Market Earnings:

Pinduoduo (PDD)
Catalent (CLTL)
H World Group (HTHT)
NAPCO Security (NSSC)
Ituran Location and Control (ITRN)
SelectQuote (SLQT)

After-Market Earnings:

Heico Corp (HEI)
Prospect Capital Corp (PSEC)
JOYY Inc (YY)
Tuya (TUYA)
Cango Inc (CANG)
Gambling.com (GAMB)

Wrap up

Overall, PLEASE just be extremely careful while trading today, market conditions are tough but this is an opportunity to actively purchase the dip. Do not go too heavy while purchasing this dip, but look to buy, hold and swing some equity plays while things are relatively cheap. Make sure to have stop losses set in place on these swings under major support levels and watch the markets move up accordingly.

Good luck trading today everyone, we are going to need it.

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HaiKhuu Daily Report 8/29/2022