HaiKhuu Daily Trading Report

Good morning and happy Wednesday ladies and gents.

Hope you all are ready for today. Markets are trending up at the time of me writing this report. $SPY has rejected the $400 resistance level once and it looks like we are preparing to break through that resistance and move up accordingly. I’ll cover everything later on in this report!

Thoughts & Comments from 8/30/2022

Yesterday was an absolutely disgusting day for the markets. We opened up optimistic for the day, but unfortunately continued to downtrend. $SPY opened the day up at $403.85, but bleed literally the whole morning. There no great opportunities to actively purchase and play towards the bull side all morning. We ended up breaking through $400 like it was only a minor support level and ended up making new lows at $396 multiple times throughout the day. The only opportunities we saw to actively trade was the bounce off the $396 intraday support level, but with the overall movement and buying sentiment at a low, the only play people could make with confidence was to actively be short at open and cover towards the bottom.

Hopefully you all were able to actively minimize losses and secure profits when you had a chance. This is a great opportunity to buy the dip and average down accordingly, but day trading yesterday was tough.

Thoughts & Comments for Today 8/31/2022

Today should be a significantly more interesting day for the markets with a significant amount of buying opportunities in the morning. The major thing we should be watching out for today is for the markets to break above that $400 resistance level again, and move up consistently. With people actively purchasing and buying equities at the moment, I do not feel that this will be a difficult place for us to actively be trading at, and in the case that we move up, it will be a confirmation that this is a reversal point for the markets to continue moving up.

The best move you can do right now is actively looking for swing trades and slowly adding shares to organizations you want to hold for the next couple of weeks to sell in the relative peak in the middle of September.

Personally, I will be looking to add towards major tech organizations today as well as actively purchase some $SPY and $QQQ in my account to hold for a couple of weeks. I will do this in a fashion where they are relatively half/quarter lots and average down when I have an opportunity to do so. I’m not afraid of this dip, but I will have active stop losses in place to minimize my losses as well as have opportunities to average down on all positions if necessary. I will also be looking to purchase some calls on speculative organizations with the October monthly expiration.

I cannot wait to watch the markets move up, and I hope you all are excited too.

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 tough day for the markets but as expected our neutral strategies were able to actively outperform the markets by a significant margin. I am excited and proud knowing that regardless of the conditions of the market, we have strategies that are able to consistently beat the markets by a large 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: -1.4%

Our Results:

Sector Neutral: +0.18%
Experimental Sector Neutral: +0.01%
Experimental Market Neutral: -0.14%
Market Neutral: -0.3%
Base Algorithm: -1.03%
Long Term Portfolio: -1.15%

Due to the underlying risks in the markets right now, today we do not anticipate making any allocations today in the pilot.

This is not due to a lack of confidence in our systems, but due to a lack of confidence in the current market conditions. Starting tomorrow, we will be utilizing our base algorithm as it is a general bullish strategy that we can capitalize on the momentum in the market and outperform while taking on less risk.

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 , $TSLA , $SOFI , $AAPL , $GOOGL , $MSFT, $AMD , $RBLX
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

Economic News for 8/31/2022

Cleveland Fed President Loretta Mester speaks - 8 AM ET
ADP employment report - 8:15 AM ET
Chicago manufacturing PMI - 9:45 AM ET
Atlanta Fed President Raphael Bostic speaks - 6:30 PM ET

Notable Earnings for 8/31/2022

Pre-Market Earnings:

Burning Rock Biotech (BNR)
Chico's FAS (CHS)
Designer Brands (DBI)
Donaldson Company (DCI)
Evogene Ltd (EVGN)
Express (EXPR)
Hywin Holdings (HWY)
Safe-T Group (SFET)
Vera Bradley (VRA)

After-Market Earnings:

MongoDB (MDB)
Veeva Systems (VEEV)
Okta (OKTA)
The Cooper Companies (COO)
Pure Storage (PSTG)
Samsara (IOT)
SentinelOne (S)
Five Below (FIVE)
Greif Inc (GEF)
C3.ai (AI)

Wrap up

Overall, please be smart and safe while trading today. Take advantage of the current market conditions and momentum to actively realize gains when possible. Do not be greedy today and make sure to just have a great time.

Good luck trading today everyone, let’s break $400 on $SPY and make some bank!

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HaiKhuu Daily Report 8/31/2022