HaiKhuu Daily Trading Report

Good morning and Happy Friday traders! Hope you are all well rested, doing alright and are ready for what hopefully will be a better day for the markets. Yesterday was a tough day for the markets, but to be optimistic, things could have been significantly worst and things should get better!

There will be turbulence in the market in the relative short term, but hopefully we get some consistency in the markets soon.

Thoughts & Comments from 10/06/2022

Yesterday as I said before, was a tough day for the markets. There was a significant increase in volatility and bearish momentum. Markets looked alright off the rip with bullish momentum coming from a positive reaction from jobless news. $SPY opened the day at $375.65 and pushed up significantly at open. We quickly made a high of day at $378.71, up almost 1% from open before coming down drastically. After we made that high, $SPY dropped down roughly 1% in approximately a half hour making a relative low around $373.50 before quickly recovering.

The recovery was sharp as the markets quickly recovered from making that intraday bottom. $SPY rallied approximately 0.8% before staying relatively neutral while maintaining a slightly bearish undertone.

Markets never fully recovered though, throughout the rest of the day, $SPY and the rest of the markets continued to sell off accordingly and caused a snowball selling effect with continued selling until the end of the day. $SPY closed the day at $373.20 down −$3.89 (1.03%), with an intraday movement of -0.64%, and dropping approximately 1.3% from high until close.

Tough day for the markets but there is not much we can unfortunately do about it now but move on.

Thoughts & Comments for Today 10/07/2022

Today is looking more optimistic for the day with markets remaining relatively neutral at the time of me writing this report. $SPY did make a new low during the pre-market session at $371.31, but realistically with the current momentum and direction in the markets, anything can truly happen. Ideally, the markets will move up accordingly and have some beautiful bullish momentum, but realistically the best way to navigate this current market is by actively trading in the short term while holding fundamentally solid organizations that are underpriced at the moment.

If you are actively trading right now, please be quick with your trades and be relatively safe with all of your allocations. There is an increased risk trading right now where it is easy to realize gains in the market, but it is significantly easier incurring significant losses. Please be smart at this time and practice safe risk management.

My personal recommendation is to sell CSPs on positions you personally would like to hold, that are ITM to collect an increased amount of premium, and have one of two outcomes, either get your position assigned which would get you the position you’d like at a slight discount, or the position goes OTM and you can collect significantly more premium in the process.

I personally will be slowing down my trading over the next two weeks due to locking my account. This is my personal mistake. This lock is not a PDT lock, but a personal issue with my order flow with ToS. I’ll still be making positions when I get back to Chicago, but for today and Monday, my positions will be relatively minimal due to personal reasons and this lock. Thank you all for understanding

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 and unfortunately the algorithms did not perform the best under the circumstances. There is not much we can do as it simply was just a bad day for the markets. Our systems all work wonderfully, it’s just that the underlying conditions were relatively tough. C’est la vie, there’s not much we can do but continue to try and navigate these market conditions. There is nothing I personally am worrying about and there really is not much we can do about yesterday.

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: -0.64%

Our Results:

Experimental Sector Neutral: -0.18%
Sector Neutral: -0.3%
Market Neutral: -0.85%
Experimental Market Neutral: -1.06%
Long Term Portfolio: -1.34%
Base Algorithm: -1.38%

Today, we will be utilizing FGI for our allocations for relative safety in these market conditions. The amount of risk that is on the table at the moment is increased significantly to the point that I don’t even want to personally be allocating in the time being. Utilizing the experimental sector neutral portfolio will be a safety precaution we have to take to assure we are taking as much risk off the table as possible, mostly with the markets being as turbulent as they are right now.

Please be careful actively trading the algorithm alerts today, set stops in guaranteed profit, and secure as many gains as possible while trading.

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 , $GOOGL , $AAPL , $RBLX , $BA, $MSFT , $AAPL, $GAIN
Free Equity List:

Safe - $SPY , $AAPL , $MSFT , $GOOGL
Risky - $RBLX , $QS

Swing Opportunities:

HOLD your strong equity positions you’ve picked up over the previous couple of weeks on the markets
Pick up some long dated calls on positions you are extremely bullish in
Sell short dated CSPs on positions you are comfortable getting assigned at.
- If you want to increase profitability, look to sell either ITM or ATM puts assuming you anticipate the price to continue to go up and make those contracts OTM to maximize the amount of premium you collect

LONG OPPORTUNITIES:

Long Term Dividend - $GAIN
Long Term Safe Play - $BA
Long Term Speculative Play - $META
Short Term Speculative Play - $RBLX
Risky Speculative Play - $BABA

Economic News for 10/07/2022

Nonfarm payrolls (monthly change) - 8:30 AM ET
Unemployment rate - 8:30 AM ET
Average hourly earnings - 8:30 AM ET
Labor force participation rate, ages 25-54 - 8:30 AM ET
New York Fed President John Williams speaks - 10 AM ET
Wholesale inventories revision - 10 AM ET
Minneapolis Fed President Neel Kashkari speaks - 11:25 AM ET
Consumer credit - 3 PM ET
Fed Gov. Christopher Waller speaks - 5 PM ET

Notable Earnings for 10/07/2022

Pre-Market Earnings:

Tilray Brands (TLRY)

Wrap up

Overall, please be safe while actively trading today, there is a significant amount of risk on the table trading today, but at the same time there is a great opportunity to actively trade both to the bullish and to the bearish side of things.

Be smart, be safe, and realize some gains in the process. Don’t do anything crazy and have a great time in the process.

Good luck trading everyone and have a great weekend!

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HaiKhuu Daily Report 10/07/2022