HaiKhuu Daily Report 10/13/2023
Good morning, and happy FRIDAY THE 13TH. Hope you all are ready for a Thriller of a trading day. Heads will roll, as there will be many trading opportunities. Take advantage of the spooky vibes today and try to realize some gains.
But back to reality, this will be an interesting time as the markets have rejected the daily baseline resistance and, as a result, are going to impact people’s ability to be confident in these market conditions. The streak of green days has ended, and we are back to a place of confusion and opportunity. Do not be overly bullish or bearish in these market conditions, but look to take advantage of the opportunities that are available. There are going to be many opportunities to realize gains while trading today, so be smart and diligent, but look to take on risk while there is fear in the markets. Allocating and investing in deep value is going to continue to provide you with an amazing opportunity to realize some gains, so be smart, be safe, and have some fun today.
Look to capitalize on the opportunities that are available with volatility being higher and sell some 0-DTE contracts to realize some gains while premium is high. This will not generate any sort of life-changing money, but it will be easily obtainable gains to enjoy this weekend!
Congratulations to anyone who has been holding $DG with me. We saw a beautiful push to $110 yesterday after hours, and I have already exited half of my position. I will be looking to dump the rest soon and will let you know when that happens.
For now, good luck trading today, and let’s make some bank!
The updated $SPY daily levels are as follows:
Conversion Line Support: $428.76
Base Line Resistance: $435.63
Strong Psychological Resistance: $440
Weak Psychological Support: $430
Strong Psychological Support: $420
Daily Cloud Resistance: $444.73
$SPY Daily Candles - Testing Daily Psychological Support [10/12/2023]
Thoughts & Comments from Yesterday, 10/12/2023
Yesterday was an interesting time with a significant amount of confusion across the board. Markets were looking phenomenal until lunch when the markets took a deep dive and unfortunately caused a significant amount of losses to be generated in the process. We watched as organizations had an extremely difficult time and watched as many traders realized losses in the process.
We started the day looking relatively neutral with not much significant bullish momentum going into open as $SPY opened the day trading at $437, up slightly from the previous close of $436.32. There was selling right from open as we were testing the daily base line resistance, and dropped quickly to make the first low of the day trading right above $435.34. There was not much strength nor momentum in the markets that we would have capitalized on, but there were opportunities to capitalize on quick scalps and momentum in the markets. Going into the lunchtime lull, there was some weak bullish momentum as the markets go green again on an intraday basis, but in reality, did not move that much from the daily base line resistance. It was unfortunate the lack of momentum that was in the markets, but it realistically was just a part of trading yesterday.
We continued to chop during lunch, and as volume started to pick up, we watched as $SPY rejected the daily base line resistance, and came down extremely quickly. The selling happened over the course of an hour, where we continually made new lows of the day. It was difficult, but was a great opportunity to capitalize on the recovery in the markets.
Going into the back half of the afternoon, we made the official low of the day with $SPY trading at $431.24, looking weak, but providing us with opportunities to get faked out on the way down, and an amazing buying opportunity at the bottom. Once we made the official low of the day, there was buying momentum and opportunity in the markets which provided us with some solid momentum.
Powerhour did not have substantial market momentum, but it was a great time as there was a beautiful recovery and scalp opportunity from the bottom. $SPY ended the day trading at $433.66, down $2.66 for the day, or down approximately 0.61%, with an intraday bearish movement of down -0.75%.
It was an extremely difficult day and a majority of traders unfortunately realized losses while attempting to trade yesterday, but C’est la vie. If you have been watching and allocating accordingly to deep value, I have been screaming about $DG over the previous couple of weeks, and I hope you all listened, as after hours, we watched as it ripped, so despite the terrible market conditions, anyone who was allocated should have had an amazing time in the process!
Lets see what today has in store for us and have some fun in the process!
Heatmap - $SPY 10/12/2023
Thoughts & Comments for Today, 10/13/2023
Today should be a lot of fun for the markets. In reality, I think there is going to be a lot of confusion, but confidence and consistency during confusing times in the markets provide you with the best opportunities possible. I am excited about these market conditions and hope that you all are too.
At the moment, we’ve rejected the daily baseline resistance and are coming back down to the conversion line. As a result of this,$SPY is either going to continue to come down to baseline support, which is currently at $428.76, or we will move back up and test the daily baseline resistance again at $435.63. This is a wide range in the markets, but as a result of this, should realistically provide us with opportunities to capitalize on either the bullish or bearish side in the markets.
Do not attempt to fight any of the momentum in the markets, as today will be choppy until we ultimately find a direction that the markets want to go, and realistically, should provide us with some phenomenal opportunities. Simply watch as the markets pick a direction and follow that direction. Do not be overly ambitious and attempt to allocate too heavily before you have a confirmation of a direction.
If you have been allocating into $DG with us, I would highly recommend you start scaling out of your position but not cut 100% of your position. We have seen a significant movement up, and scaling out here will provide you with a beautiful opportunity to make up all of the short-term losses that were generated via holding this position and provide you with a sizable amount of realized gains as $DG is up significantly from our entries around $102-104. I would not recommend cutting 100% of your allocation, but exiting a solid amount will provide you with a beautiful opportunity.
I am personally contemplating selling a covered call on my remaining position in $DG, that is ITM, to collect premium on the position on top of what I’ve already generated. This should provide us with an amazing opportunity to trade, but realistically is going to be difficult to lose money at this point on the position.
After the significant movement we’ve seen on $DG, I do not know how much active trading I anticipate on doing today as my realized gains today will be sizable enough to the point that I do not know if I want to attempt to trade. If anything, I will be looking to sell some 0-DTE CSPs on equities as volatility is high, and there will be some beautiful premium that is presented to us as a result of this. A couple of organizations I am looking to watch at this point are $RBLX, $RIVN, and $ARM. Once the markets open, I will look to sell an ITM CC on $DG and then find opportunities to sell CSPs. On top of this, I personally anticipate looking into other value organizations that have had a lot of difficulties at this time to enter into and provide opportunities to allocate into value. Once my research is done, I’ll let you all know where I decide to enter, but I think it might be in the automotive industry soon, as $F and $GM have had an extremely difficult time over the previous couple of weeks.
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 our systems. It was a tough day for the overall markets, and thankfully our algorithm and base portfolio were able to outperform the markets by a slight margin. It was nothing of any major significance, but we will consider this another win in our books. Just a reminder that we are performing a live beta test of our newest algorithm and am anticipating continual improvements of this system while testing is in progress. Please be careful and cautious with this newest system while we are in the testing phases.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as follows:
Baseline:
$SPY: -0.75%
Our Results:
Sector Neutral: 0.04%
Market Neutral: -0.40%
Variable Sector Neutral: -0.46%
Variable Market Neutral: -0.53%
Base Algorithm: -0.63%
Long Term Portfolio: -0.69%
This is all part of our active live beta test of our newest algorithm. If you are attempting to allocate into any of these positions, we highly recommend you do your own due diligence prior to entry. We have confidence in this system but are not guaranteeing its success.
This is a live beta test and is not an officially published algorithm yet. We are still working on upgrading this system in the meantime and recommend you take these positions with a grain of salt. Practice safe risk management if you are attempting to find an allocation with this system.
Look for a position that has a beta you are comfortable taking on, and understand that larger allocations signify that the algorithm has more confidence in the allocation.
DISCLAIMER - This is not financial advice. 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. This is not a signal to buy or sell any equities, and we do not guarantee success. Take these at your own risk.
Algorithmic Alerts for 10/13/2023
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 , $DG* , $ DIS , $F, $GM, $RBLX , $AAPL , $NVDA
Position Opportunities:
Follow the market momentum
Limit your downside risk
Allocate into deep value organizations
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $DIS / $DG*
Economic News for 10/13/2023
Import Price Index - 8:30 AM ET
UMich Inflation Expectations - 10:00AM ET
Notable Earnings for 10/13/2023
Pre-Market Earnings:
JPMorgan Chase & Co (JPM)
United Health (UNH)
BlackRock (BLK)
Citigroup (C)
Wells Fargo & Co (WFC)
Progressive Corp. (PGR)
PNC Financial Services (PNC)
Wrap up
Let’s end this week with some strength. Look into selling some 0-DTE CSPs, and look to exit your $DG. We should all be able to capitalize on some beautiful opportunities in the markets as a result of these conditions. So be smart and practice safe risk management, but have a great time in the process of everything.
Good luck trading, I hope you all have a spooky Friday the 13th, and have an amazing weekend!