HaiKhuu Daily Report 10/20/2022
Good morning and happy Thursday everyone! Man what an insane couple of days we’ve had in the markets. Hope you all are doing well, ready for the day, and feeling refreshed! With the markets looking alright despite $TSLA having a tough time with their earnings, this could possibly be a great day for the markets.
Please be careful trading today but there will be a significant amount of opportunities that present themselves. Take advantage of those opportunities and have a great time.
Thoughts & Comments from 10/19/2022
Yesterday was an extremely interesting, yet amazing day for the markets. Right from open there was a significant amount of momentum in the markets. $SPY opened the day at $368.98, and quickly moved up to $371 before coming down to $367.50, and moving back up to make an intraday high of $371.85. After making this high, the markets, unfortunately, came down. For the next two hours, $SPY sold off continuously, we broke the $370 support level, without enough buying momentum the markets were not able to sustain itself. $SPY went on to make a new relative low at $365.55. After making this new relative low though, buying momentum started to pick up into close.
We watched as $SPY hit VWAP for the first time in hours in power hour as the markets moved up accordingly. $SPY ended the day trading at $368.50 down −2.63 (0.71%) with an intraday movement of -0.13% from open.
The day-to-day movement as well as the overall intraday movement are relatively small, but there were many opportunities to actively trade throughout the day. Hope you all took advantage of the opportunities that presented themselves and made the most of it!
$SPY ONE MINUTE INTRADAY CHART 10/19
Thoughts & Comments for Today 10/20/2022
Today is going to be an extremely interesting day for the markets. With Tesla having earnings after hours yesterday which resulted in them dropping ~6%, we would assume that the markets would be dipping, but at the moment, $SPY is currently up and looking strong & bullish. Despite the selling on $TSLA, markets are looking extremely optimistic. There is a great chance we break above $370 by open which would cause an increase in buying momentum & confidence.
Please take advantage of the opportunities that present themselves today. With the way the markets are looking, people should have a relatively easy time actively trading. Wait for $SPY to break $370 and seize the moment.
Be quick with your trades, don’t get greedy, and don’t feel bad leaving some money on the table. If you miss an opportunity, do not FOMO back in or take on any additional risk attempting to get back in. There will always be more opportunities to actively trade.
Please be careful though and watch for a sell-off, I do not believe this will happen today, but there is a chance for anything. Be smart, be safe, and make sure to practice safe risk management. Define your risk and make sure to have stop losses set to minimize the amount of exposure you have, and move those stops up to continuously minimize exposure. Move that stop into guaranteed profit when given a chance and let the markets do their thing.
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 alright day for the pilot. The relative movement was neutral in the portfolio with no major losses or gains incurred. I believe in total we lost a total of like $80 yesterday. A relatively neutral day which was expected as we were utilizing our sector-neutral portfolio, but sucks that we did incur a relatively small loss.
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: -0.13%
Our Results:
Experimental Sector Neutral: +0.01%
Sector Neutral: -0.02%
Experimental Market Neutral: -0.26%
Base Algorithm: -0.29%
Market Neutral: -0.34%
Long-Term Portfolio: -0.44%
Today, due to the bullish momentum in the markets, we will be utilizing our base bullish algorithm for the day. Please watch out as I anticipate actively selling positions throughout the day and cutting positions accordingly.
I will be cutting the laggards first while letting the runners run, prior to setting a stop in guaranteed profits and moving that limit order up as the positions continue to move.
Watch out for when I ultimately exit all of these positions and cut them all accordingly. Be safe when trading these alerts today and make sure to practice safe risk management.
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 10/20/2022
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 , $BA, $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 10/20/2022
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Philadelphia Fed manufacturing index - 8:30 AM ET
Existing home sales (SAAR) - 10 AM ET
Leading economic indicators - 10 AM ET
Notable Earnings for 10/20/2022
Pre-Market Earnings:
ABB Ltd (ABB)
American Airlines (AAL)
AT&T (T)
Alaska Air (ALK)
Philip Morris (PM)
Nucor (NUE)
Nokia Corp (NOK)
Dow Chemical (DOW)
Blackstone (BX)
Union Pacific Corp (UNP)
After-Market Earnings:
CSX Corp (CSX)
SVB Financial Group (SIVB)
Snapchat (SNAP)
Whirlpool Corp (WHR)
Tenet Healthcare Corp (THC)
Glacier Bancorp (GBCI)
Bank OZK (OZK)
Boston Beer Company (SAM)
UFP Industries (UFPI)
First Financial Bancorp (FFBC)
Wrap up
Overall, please be smart and safe while trading today, but take advantage of all of the opportunities that present themselves to you! Realize some gains when given an opportunity to do so and capitalize on the momentum in the markets.
Good luck trading today everyone and let’s make some BANK!
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