HaiKhuu Daily Report 1/04/2023
Good morning and happy Wednesday! This has been an interesting way to start the year, with a moderate drop in US equity prices on the first trading day of the year. $TSLA dropped 12% yesterday, making a new low of the year at $104.64, and Chinese organizations are running again. $BABA made a pre-market high at $98.67.
This will be an exciting day for the markets with FOMC minutes at 2 PM and will impact the markets heavily.
Please be careful trading today and make smart decisions. Many trading opportunities will present themselves today.
Just wait and snipe your trades perfectly today. There is no reason you should force any positions. Think rationally about the allocations you want to create and follow through with your trading plan.
I will talk more about my trading plan for the day later in the report.
Thoughts & Comments from 1/03/2023
Yesterday was a rough way to start the year. As I said before, $TSLA made a new 52-Week low & Low of 2023, and as a result of that, the general markets suffered. A couple of organizations were able to do well yesterday. $META & $BA moved, and all Chinese stocks pushed up significantly.
We started the day off with $SPY trading at $384.46 and watched as the markets pumped to start the year off strong. Right after opening, we went on to make a new high of the year, with $SPY trading at $386.41 and looking strong.
After rejecting the high of the day, the markets continuously sold off and provided people with many great opportunities to short, with $SPY dropping $8.57 from the high and making an official low of day/low of the year at $377.83. This was a significant selloff and provided the markets with some fear going into the beginning of the year.
Thankfully, we moved up ever so slightly into close, with the markets recovering a small portion of the incurred losses throughout the day. We ended the day with $SPY trading at $380.82, down $1.61 (-0.42%), with an intraday movement of -0.92%.
Rough way to start the year off, but it gave us many opportunities to create a significant amount of gains while actively trading.
Welcome to 2023. This is going to be a fun year for us.
$SPY ONE MINUTE INTRADAY CHART 1/03
Thoughts & Comments for Today 1/04/2023
Today is going to be an extremely choppy day for the markets and presents us with many opportunities to trade and get burnt. If you are actively trading, look to realize some gains throughout the day and be extremely careful going into FOMC minutes.
There is a significant amount of bullish momentum happening in pre-market, which is presenting us with a significant amount of confidence leading into these minutes. In the case the markets do not do well, the losses that are incurred are going to look significantly worst, but prospectively they will not look as bad as the markets only will move a fraction of a percent from the previous close. In the case that we win, the win will look substantially better and show a shift in general momentum and optimism leading into the beginning of the year.
For today, I will look to pick up some general equities that I believe are undervalued at this price and look to move positions around in preparation for tomorrow. I will look to grab at a relative low of the day and scale in accordingly while practicing safe risk management. I will be looking to get calls on $RBLX, $AAPL, and $MSFT in the short term and look to scalp $TSLA throughout the day.
Please do not take on too much risk at the moment, though, despite this bullish momentum. There is a good chance that the markets do correct themselves and come back down.
Limit the amount of general risks but capitalize on the opportunities that are presented to us.
The only allocation I will be looking to get at open is some far-out $RBLX $30 calls, and I will spread out the contracts throughout the day when given an opportunity to enter with confidence.
I again will be scaling into these contracts for relative safety to ensure that I am limiting general risk and getting an optimal entry for these positions.
I anticipate seeing a lunchtime dip, and I will go long $SPY and general equities at that time and will most likely exit prior to Minutes getting released.
As minutes get released, I anticipate actively scalping and realizing gains as quickly as I can click buttons and move orders.
Feel free to watch in real-time as I enter and exit positions on $SPY in the live call, and I will be streaming my live trades at that time!
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 for the markets, but across the board, all of our algorithms and long-term portfolio outperformed the markets by a sizable margin. Our base algorithm was only down 0.01% compared to $SPY being down -0.92% intraday. A win for our algorithms across the board!
The results of yesterday are as follows:
Baseline:
$SPY: -0.92%
Our Results:
Market Neutral 0.59%
Variable Sector Neutral 0.35%
Sector Neutral 0.30%
Variable Market Neutral 0.14%
Base Algorithm -0.01%
Long-Term Portfolio -0.21%
Today due to FOMC minutes coming out at 2 pm EST, we will be looking to allocate to the market-neutral strategy for relative safety. There is bullish momentum going into market open, but with minutes being released later, for safety, we will not partake in a bullish strategy. We may miss an opportunity with the markets moving up substantially, but at the same time, we are limiting the number of risks we are taking in the case the markets move down.
Hopefully we are able to realize a significant amount of gains with this strategy today, but I do not anticipate any sizable return today, but general protection in the case we need it.
Please be safe and watch out for an exit of the pilot prior to FOMC. We will be out prior to the minutes being released.
All positions will be disclosed prior to markets opening.
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.
Generated entries for 1/04/2023
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 , $TSLA , $MSFT , $AAPL , $BA , $META , $BABA
Free Equity List:
Safe - $SPY
Risky - $TSLA , $RBLX , $AMZN , $GOOGL
Position Opportunities:
Look to allocate into strong equities
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($GOOG/L, $AMZN, $META)
Pick up broad market ETFs slowly ($SPY / $QQQ)
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Speculative Play - $META
Short-Term Risky Play - $TSLA
Short-Term Speculative Play - $RBLX
Economic News for 1/04/2023
ISM manufacturing index - 10 AM ET
Job openings - 10 AM ET
Quits - 10 AM ET
FOMC minutes - 2 PM ET
Motor vehicle sales (SAAR) - varies
Notable Earnings for 1/04/2023
Pre-Market Earnings:
Unifirst Corporation (UNF)
After-Market Earnings:
Simulations Plus (SLP)
Resources Connection (RGP)
Wrap up
Overall, be smart while actively trading today, seize the opportunities that are available to you, and capitalize on those opportunities. Don’t be greedy, and make sure to allocate wisely going into FOMC. Manage your general risk and limit your downside. Watch out for 2 pm EST, as that is when FOMC minutes come out.
Good luck trading today, and let’s make some BANK!