HaiKhuu Daily Report 10/18/2022
Good morning and happy Tuesday everyone! Hope you all are feeling strong and feeling amazing after yesterday because this is looking like a repeat of yesterday. Markets are moving up substantially and are looking beautiful at the moment. The only thing that is more beautiful than the markets right now is your phenomenal smile.
Get ready for what is going to be one hell of a morning because man, this is going to be one hell of a morning. Markets are looking great and so is the vibes. Let’s make some bank today
Thoughts & Comments from 10/17/2022
Yesterday, was an amazing day for the markets. Things were looking great going into open, markets rallied up significantly and we were looking strong into open. $SPY opened the day at $363.99, and that is where the fun started. Markets ripped right from open and rallied to make a high of the day at $368. After making that high of $368, we did see a little bit of volatility in the markets as it dropped from its relative top. $SPY made it back down to right above $365 and then stayed relatively stagnant throughout the rest of the day. It was a quick day for the markets and honestly, I cannot complain about the performance of anything. It was a beautiful day for the markets with a significant amount of opportunities to realize a hell of a lot of gains.
Yesterday was one of the best days we’ve had in the market in what seems like forever, but was realistically within the previous couple of weeks or so, so hopefully, you all were able to make a significant amount of realized gains.
$SPY ended the day trading at $366.82 up +9.19 (2.57%) with an intraday movement of +0.77%.
Great day for the markets and an even better feeling knowing that the majority of traders in the community made some BANK!
$SPY ONE MINUTE INTRADAY CHART 10/17
Thoughts & Comments for Today 10/18/2022
Today is looking amazing going into open again. With $SPY breaking above $370, $SPY has broken through what was a tough resistance level and has brought a new level of confidence in the markets. Markets are moving up and a lot of organizations are looking like they are ready to continue moving throughout the day. Please capitalize on this momentum and all of the opportunities that are presenting themselves. If you are in equity positions, continue to hold your strong positions, if you are in short-dated expiration contracts that are in profit, look to take profit, and if you are in long-dated calls, continue to hold and be patient as the markets recover.
The previous couple of weeks we’ve had in the markets make people want to take profits quickly on positions that they are in that are now ever-so-slightly profitable, but this is not a good time to cut positions. Unless you are in short-dated expiration calls/puts, I would advocate for you all to be actively holding your allocations and assure that you are able to maximize the profitability that can be incurred over the next couple of weeks.
Please obviously be smart and not greedy though in any way shape or form. Once the position hits a level where you are happy and comfortable taking profits, take your profits and run. I did cut my $RBLX short-dated contracts yesterday for a sizeable gain, if I had a farther expiration, I would have held them but due to the movement up and my expiration coming up on Friday, I ultimately cut the position and realized some nice gains.
I will be continuing to hold all of my long positions and actively continue allocating in the markets, and I recommend you do too. The best opportunity to pick up cheap equities has unfortunately passed, but assuming you are still looking to allocate into the markets, look for long-dated contracts (Leaps) on undervalued organizations that you personally believe will outperform the market over the next 1-2 years. These contracts will still be trading at a relative premium compared to what they were priced at just a week ago, but at the same time, the premium you’ll pay for that position will still be less than the premium you would pay here purchasing equities, as well as tie up less capital.
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 amazing day for the markets but unfortunately, the algorithms did not perform up to par with the markets. I’m not worried though as one singular day does not dictate the performance of the systems as a whole. Markets did beat us though, so C’est la vie, we will continue to move on with our lives and not stress about the positions of 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: +0.77%
Our Results:
Long-Term Portfolio: +0.17%
Base Algorithm: -0.08%
Experimental Sector Neutral: -0.1%
Sector Neutral: -0.14%
Market Neutral: -0.6%
Experimental Market Neutral: -0.64%
Today, we will be allocated into the base algorithm with the intention of cutting all of the positions relatively early. I plan on exiting positions in a two-tier process.
First, I will be cutting the laggards in the portfolio, positions that are not performing well despite the current market conditions
Then, I will be setting stops on the remainder of the positions in guaranteed profits.
Either, the position hits those stop losses and we get stopped out of the position accordingly, or the markets continue to move up and don’t touch the stop, which will result in me repeating the previous step and moving the stop limit up to guarantee more profits throughout the day.
Please be on the look out for when I ultimately decide on cutting all allocations for the day!
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 10/18/2022
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 , $GOOGL , $AAPL , $RBLX , $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 10/18/2022
Industrial production index - 9:15 AM ET
Capacity utilization rate - 9:15 AM ET
NAHB home builders' index - 10 AM ET
Notable Earnings for 10/18/2022
Pre-Market Earnings:
Johnson & Johnson (JNJ)
Lockheed Martin Corp (LMK)
Truist Financial Corp (TFC)
Hasbro (HAS)
State Street Corp (STT)
Albertsons Companies (ACI)
Silvergate Capital (SI)
Goldman Sachs (GS)
Commerce Bancshares (CBSH)
Cambridge Bancorp (CATC)
After-Market Earnings:
Netflix (NFLX)
Intuitive Surgical (ISRG)
JB Hunt Transport Services (JBHT)
Omnicom Group (OMC)
First Horizon Corp (FHN)
United Airlines (UAL)
Interactive Brokers (IBKR)
Pinnacle Financial Partners (PNFP)
Wintrust Financial Corp (WTFC)
Hancock Whitney Corp (HWC)
Wrap up
Overall, please be smart while trading today, look to hold your positions through this bullish momentum, and realize the short-term gains that you need to cut for safety. Capitalize on this current market condition and make the most out of it. Have fun in the process, sit back, kick your feet up and enjoy the markets.
Good luck trading today everyone and let’s make some BANK!
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