HaiKhuu Daily Report 9/21/2022
Good morning and Happy Wednesday ladies and gentlemen. This has been quite the week for the markets with a significant amount of chop so far. I do not expect this chop to end anytime soon, so please be careful and cautious in these current market conditions. Hope you all are doing well and are prepared for what is coming in the markets. Today is the final day of FOMC so expect relatively lower volume and heavier movement until the markets ultimately decide on which direction they’d like to take.
Thoughts & Comments from 9/20/2022
Yesterday was a relatively tough day for the markets. With many opportunities to trade both to the upside and the downside, it was relatively tough attempting to time plays out as well as making sure that you are able to actively time them out perfectly and hold through the chop. $SPY opened the day at $385.10, if you went either long or short at this point, you would have been profitable throughout the day, it all just came down to if you were able to hold through the turbulence.
The markets came down from open and started to move back up an hour after open. $SPY made a high of the day at $386.11 prior to coming down and making a low of the day at $381.20. Once we made a low of the day prior to the start of FOMC, the markets trended up until 15 minutes before close. At this time, $SPY made a relative high at $385.50, before coming down into close. $SPY closed the day down -$4.46 (1.15%) at $384.09 with an intraday movement of -0.25%.
As I said, there were many opportunities to trade both to the upside and the downside, your success ultimately just depended on if you were able to hold through the turbulence and were able to realize gains in the process.
I also want to congratulate one of our community members, @Mariobro_3 on his first $1,000-day trading. He ended the day up +$3,300 which is absolutely amazing for a day like yesterday, so congratulations Mario!
$SPY ONE MINUTE INTRADAY CHART 9/20
Thoughts & Comments for Today 9/21/2022
Today should be an interesting day with the markets. With people being indecisive on how they should feel about current market conditions, I am expecting a significant amount of chop and turbulence in the markets today. With major economic news coming out at 2/2:30 pm EST today, please make sure to tune into the call and actively watch the markets at that time.
I expect the majority of inexperienced traders to have a tough time actively trading today, but I know for a fact that there will be many opportunities to trade, both to the bullish and bearish side, timing will just be the key to your success. Please be extremely careful when actively trading today and make sure you respect your portfolio. I do expect that there will be bullish momentum throughout the day with multiple points where we are trading higher than open, but with that said, that does not mean you should increase the amount of exposure you have.
Do not take on too much risk trading today, respect your stop losses and actively realize gains. There will be a lot of times when people will get burnt today by overtrading. If you feel like you are overtrading, please, literally, step away, take a breath of fresh air and go drink some water. Do not let your emotions get involved with your trading. Do not FOMO back and revenge trade if you are down, do not get overly optimistic and greedy if you are up.
Sit back, wait for the perfect opportunity to trade, and capitalize on that opportunity. Do not force anything because you are bored, do not force anything that you have to convince yourself over. Be smart, be diligent, and don’t do anything dumb.
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. Thankfully as we were all in cash, we did not realize any significant losses. We took some trades of $SPY which ultimately ended up with us being down roughly $20. That is not something we are too concerned about and we are thankful that the decisions we ultimately decided to take resulted in better results than any of our systems.
The results of yesterday are as followed:
Baseline:
$SPY: -0.25%
Our Results:
Market Neutral 0.03%
The Market -0.25%
Experimental Sector Neutral -0.27%
Sector Neutral -0.28%
Long Term Portfolio -0.41%
Experimental Market Neutral -0.49%
Base Algorithm -0.64%
Today due to the pre-market momentum, we’ve decided that we will be allocated into the base algorithm with the intention of cutting all positions extremely quickly. We do not want to hold through until the middle of the day. I want to set stop losses in guaranteed profit as quickly as possible to minimize risk and secure profits when possible.
If you are following in any of these plays, cherry-pick the ones you personally feel the most confident in and make sure not to over-allocate and be smart with the plays.
Watch out for when I ultimately decide to close out everything.
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 9/21/2022
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 , $AMD , $NVDA , $BABA, $TSLA , $MSFT , $AAPL, $GAIN
Free Equity List:
Safe - $SPY
Risky - $F, $CCL , $UAL , $SOFI
Swing Opportunities:
Start looking to allocate into long positions while the markets are coming down. Do not go heavy and continue to have cash on hand to average down accordingly
By the time we hit the bottom, you should be 100% allocated and utilizing margin to maximize the amount of exposure you have
Be smart and safe with your positions and only buy fundamentally solid organizations you are confident in holding.
LONG OPPORTUNITIES:
Long Term Dividend - $GAIN
Risky Speculative Play - $BABA
Economic News for 9/21/2022
Existing home sales (SAAR) - 10 AM ET
Federal reserve statement - 2 PM ET
Fed Chair Jerome Powell news conference - 2:30 PM ET
Notable Earnings for 9/21/2022
Pre-Market Earnings:
General Mills (GIS)
RLX Technology (RLX)
After-Market Earnings:
Lennar Corp (LEN)
Trip.com (TCOM)
H B Fuller (FUL)
KB Home (KBH)
Steelcase (SCS)
Wrap up
Overall, please just be smart, safe, and diligent while trading today. Please be on the look out around 2 pm EST for some heavy movements and 2:30 pm EST for some absolute craziness.
Don’t get greedy and let emotions get to you trading today.
Good luck trading today everyone and let’s have phenomenal time trading today!
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