HaiKhuu Daily Trading Report

Good morning and Happy Friday everyone! Hope you are prepared for today and are ready for what is going to be an intense day for the market followed by a well-deserved, much-needed long weekend.

Make some plans today to spend some time on Monday getting the rest and relaxation you’ve needed after this terrible week for the markets!

Thoughts & Comments from 9/01/2022

Yesterday was a wild day for the stock market. Markets closed on Wednesday with $SPY at $395.31, we opened yesterday at $392.88. Markets looking okay right at open with a significant amount of chop. Markets came down right around 11am EST making a low at $390.04, testing the $390 support level. Things were looking sketchy as we chopped around for approximately two hours and tested the low of day again right around 1pm EST, but afterward the markets went on an absolute TEAR.

The markets rallied up crazy hard going into close, at 1pm EST, we made a low just under $390.50 and rallied straight from that point. $SPY ended up closing at $396.42 for the day, up +$1.29 or +0.33%, with an intraday movement of +0.9%

There was many opportunities to realize a significant amount of gains, as well as many opportunities to actively lose money or get chopped out of your positions. Hopefully, you were able to actively realize a significant amount of gains yesterday and make the most out of that end of day rally!

Thoughts & Comments for Today 9/02/2022

Today is looking significantly more optimistic going into this long weekend. In my opinion, today will be a genuine toss-up of a day going into the long weekend. People are currently bullish and optimistic to see what will happen today, but as a result of the long weekend, I expect a lot of people to be selling off towards the end of the trading day. This may result in more people purchasing causing the markets to be stagnant or possibly continue an uptrend, but please watch out and be careful going into close, mostly if you are day trading.

I expect there will be multiple times that the markets trade higher than where we open with the possibility that at times we actually trade significantly higher, possibly testing the $400 support/resistance level on $SPY. If we are able to actively break above $400 again and hold, I will be extremely optimistic going into this long weekend and be bullish leading up to next week.

If you are looking for any long swing trades, the previous couple of days were not the worst time to actively add to your positions. Now is not as optimal for entries, but you are still able to actively enter any positions you’d like to hold over the next couple of weeks. If you don’t know what you are looking for but want to get some general market exposure, look into getting some $SPY or $QQQ in your account. Do not get a full position just yet, look to get a quarter or a half lot. In the case that the markets move the way I expect, look to sell here in the upcoming weeks at the relative peak in the middle of September, in the case we come down, look to average down and purchase more shares if necessary.

Be smart today, practice safe risk management and realize some gains when you have an opportunity to do so!

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 interesting day for the algorithms, initially in the morning things were not looking the best, but with the markets actively rallying into close, all of the systems we had in place became profitable and the base algorithm beat the market by roughly 25%. All things considered, I’d definitely consider yesterday a huge win.

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: +0.9%

Our Results:

Base Algorithm: +1.21%
Long Term Portfolio: +1.09%
Market Neutral: +0.69%
Experimental Market Neutral: +0.49%
Sector Neutral: +0.16%
Experimental Sector Neutral: +0.09%

Today we are planning on utilizing our base trading algorithm with the hopes that markets actively move up throughout the day, with the intention of setting stop losses in guaranteed profit for all of our positions and cutting positions accordingly, early prior to close.

I do not want to hold positions throughout the whole day, mostly during power hour today due to the increased risks of doing so.

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

All positions will be posted prior to markets opening for you to follow along.

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
Free Equity List:

Safe - $SPY
Risky - $F, $CCL , $UAL , $SOFI , $SPCE, $PLTR, $HOOD

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.
I am watching, MSFT , AAPL , GOOGL, AMZN, BABA , QQQ and SPY to purchase on this dip

LONG OPPORTUNITIES:

Long Term Dividend - $GAIN
Risky Speculative Play - $BABA

Economic News for 9/02/2022

Nonfarm payroll - 8:30 AM ET
Unemployment rate - 8:30 AM ET
Average hourly earnings - 8:30 AM ET
Labor-force participation rate, 25-54 years - 8:30 AM ET
Factory orders - 10 AM ET
Core capital equipment orders revision - 10 AM ET

Notable Earnings for 9/02/2022

Pre-Market Earnings:

Global Blue Group (GB)

Wrap up

Overall, please just be smart and safe trading today. There is no reason to want to take on extremely risky or speculative plays going into the weekend. Don’t do anything dumb that would ruin your day. Play smart, play safe, and realize some gains to enjoy for this weekend.

Good luck trading today everyone and let’s make some BANK. Enjoy your long weekend, you all deserve it!

If you are not a part of our free Discord, click HERE to join

HaiKhuu Daily Report 9/02/2022