HaiKhuu Daily Trading Report

Good morning and Happy Wednesday everyone! Man, yesterday was a rough one for the markets but at least we all survived and are able to joke about the day. Things were nasty but hopefully soon here in the near future markets will turn around and we move up towards the end of this week!

Thoughts & Comments from 9/06/2022

Yesterday as I said before, was a rough day for the markets. $SPY opened up green and optimistic for the day but sold off terribly right from open. We dropped down and actively tested that $390 support level again. We broke below $390 and made a low of roughly $388.50 which was scary at the moment, but we thankfully quickly bounced and moved back up accordingly. The movement up, despite filling the morning sell-off and causing some buying was not enough to feel good enough to cause the markets to continue to pump.

After making a relative high at 393.50, we saw the markets unfortunately sell off to test the $390 support level again throughout the day.

We moved up slightly into close from the bottom, but it overall was just a tough day for the markets.

$SPY closed the day at $390.76 −1.48 (0.38%), with an intraday movement of -0.6% and a movement from low to high of +1.13% and a high to low of -1.03%.

There were many opportunities to trade throughout the day but it was a tough day in general. Hopefully today will be a significantly better day for the markets, but let’s see what happens.

Thoughts & Comments for Today 9/07/2022

Today is looking less optimistic at open than yesterday, it is an unfortunate situation but there is not much that we can actively do about it. We just have to capitalize on the opportunities that are present and manage accordingly.

I personally will recommend you trade less today unless there is a shift in the current market conditions where the markets decide to actively move up in a consistent way and we decide to break through to make new short-term highs and people start to blindly purchase again in the markets.

Look to actively purchase this dip and hold strong equities that you are comfortable and confident in holding. Average down if the markets continue to come down, and have a stop loss set to limit your downside risk potential.

In the case that markets break these major support levels, look to take a loss and move on. Wait to reallocate into stronger positions, and when the time is right, look to purchase high beta stocks that will outperform the market leading to a rally towards the end of the year.

Please also be smart and safe with any positions you are taking right now and do not be overallocated into the markets. Make sure to have cash reserves ready to both buy and trade when there is 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 a bad day for the algorithms. Asher published an update to the algorithms which resulted in us going heavy into a couple of organizations which lead the base algorithm to be allocated heavily into only five organizations. It was a tough day for the pilot and the base algorithm, but thankfully we were able to catch the issues relatively quickly which is one of the benefits of working with algorithms. We have since reverted back to our previous systems and will be utilizing those systems again.

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: -0.6%

Our Results:

Experimental Sector Neutral: -0.27%
Sector Neutral: -0.52%
Experimental Market Neutral: -0.6%
Long Term Portfolio: -0.74%
Market Neutral: -0.85%
Base Algorithm: -0.92%

Today due to the current market conditions, will be looking to actively allocate to our experimental sector-neutral portfolio (FGI).

We will be utilizing our whole portfolio for the bullish allocations and then will be utilizing our margin in the portfolio as an active hedge against those positions. We will still have bullish exposure to the market, with a zero beta portfolio which should hopefully be profitable on a day like today. I do not expect these positions to be extremely profitable, but I do expect this to be the safest strategy we can take to minimize all possible risks and losses that could be incurred on a day like today.

All positions will be disclosed prior to markets opening.

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 , $NVDA
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 a week. 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 9/07/2022

International trade balance - 8:30 AM ET
Cleveland Fed President Loretta Mester speaks - 10 AM ET
Fed Vice Lael Brainard speaks - 12:35 PM ET
Beige Book - 2 PM ET
Fed Vice Chair for Bank Supervision Michael Barr speaks - 2 PM ET

Notable Earnings for 9/07/2022

Pre-Market Earnings:

NIO Inc (NIO)
Academy Sports and Outdoors (ASO)
John Wiley & Sons (WLYB)
REV Group (REVG)
UP Fintech Holding (TIGR)
Kom/Ferry International (KFY)
AstroNova (ALOT)

After-Market Earnings:

Gamestop Corp (GME)
Caseys General Stores (CASY)
The Descartes Systems Group (DSGX)
Asana (ASAN)
Verint Systems Inc (VRNT)
American Eagle Outfitter (AEO)
AeroVironment (AVAV)
Dave & Buster's (PLAY)
Phreesia (PHR)
Couchbase (BASE)

Wrap up

Overall, please just be smart and safe while trading today. Practice safe risk management and take advantage of these cheap prices. Look to find solid swing trades in the time being and prepare to hold cash and hedge your positions leading into the end of this month.

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

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HaiKhuu Daily Report 9/07/2022