HaiKhuu Daily Report 9/08/2022
Good morning and Happy Thursday everyone! This week has absolutely flown by and I hope you all have had a wonderful time in the process. Yesterday was an AMAZING day for the markets and I hope you all were able to realize a significant amount of gains in the process!
Thoughts & Comments from 9/07/2022
Yesterday was an absolutely BEAUTIFUL DAY for the markets. Open was sketchy, $SPY was under $390 right before open, making a low of $389 during the futures session, but despite this nasty movement, $SPY opened up above $390 at $390.43 and was primed to move up accordingly. If you check out the charts of yesterday, Open was
$SPY opened just above $390, was looking iffy with the markets coming down and breaking $390, but the markets did not care. We continually pushed and pumped throughout the day, there were many times when there was a small pullback, but the markets just went on an absolute tear.
The markets continued to push and run throughout the day. Eventually, towards the end of the day positions started to slow down. $SPY opened the day at $390.37, made a high of $398.58, and closed the day at $397.78 up +$7.02 (+1.8%) with a positive intraday movement of +1.88%.
It was an absolutely phenomenal day for the markets and I hope you all were able to realize a significant amount of gains in the process.
$SPY ONE MINUTE INTRADAY CHART 9/07
Thoughts & Comments for Today 9/08/2022
Today the markets are looking primed to move up again, pump, and break major resistance levels. I am excited to see what happens and I hope you are too.
Just because the markets went on a tear yesterday does not mean that the movement will continue, but there is a significant amount of bullish momentum in the retail markets right now, and this is the time to actively capitalize on the momentum while it is here.
Please just make sure to consistently protect your bottom line while trading today, practice safe risk management, and limit downside potential. Take profit when you have a chance and do not get greedy.
Hopefully, you guys were all able to actively purchase some swing trades over the previous couple of days that you are able to start to realize some gains. I will look to start selling off my $QQQ position soon and will obviously let you know when I do decide to exit.
Please remember that we are coming up to the relative peaks, I expect the markets to move for another week or so before we see some major sharp selling happening. Look to start hedging your positions, selling some swings, and holding cash to purchase this dip. Markets should continue to move up over the next week or so, so you have time to actively hedge and prepare. But make sure you do so before it’s too late.
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 beautiful day for the markets and the algorithms absolutely loved it. Unfortunately, the markets slightly outperformed our bullish strategies but despite this, they performed beautifully. We misallocated and were not able to capitalize on the full movement of yesterday as we picked a sector-neutral strategy, but that is just a part of having general exposure in the markets, and minimizing risk is the largest part of assuring that we have long-term success and longevity.
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: +1.88%
Our Results:
Long Term Portfolio: +1.56%
Base Algorithm: +1.53%
Market Neutral: +0.51%
Experimental Market Neutral: +0.39%
Experimental Sector Neutral: -0.13%
Sector Neutral: -0.14%
Today due to the economic news coming out, we are currently in an indecisive point while writing this report. If the markets are strong going into open, we will be looking to purchase using our base algorithm, in the case that markets are looking weak, we will be utilizing our experimental sector-neutral portfolio.
Allocations for the day regardless of what we end up doing will be cut early regardless of how the markets are performing.
Please be smart and safe while taking any algorithm positions 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.
Generated entries for 9/08/2022
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 the next 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 9/08/2022
Initial job claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Fed Chair Jerome Powell speaks - 9:10 AM ET
Average consumer expenditure - 10 AM ET
Quarterly service survey - 10 AM ET
Chicago Fed President Charles Evans speaks - Noon
Consumer credit - 3 PM ET
Notable Earnings for 9/08/2022
Pre-Market Earnings:
Bilibili (BILI)
Bioceres Crop Solutions (BIOX)
Gaotu Techedu (GOTU)
MasterCraft Boat (MCFT)
After-Market Earnings:
Zscaler Inc (ZS)
DocuSign (DOCU)
Sprinklr (CXM)
Mission Produce (AVO)
Smith & Wesson Brands (SWBI)
Zumiez (ZUMZ)
Wrap up
Overall, please be smart and safe while trading today. There is a significant amount of risk on the table trading right now, but when there is increased risk, there is significantly increased potential to realize a significant amount of gains and incur a significant amount of losses. Don’t be greedy, realize gains while you can and have a great time.
Good luck trading today everyone and let’s make some BANK!
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