HaiKhuu Daily Report 1/06/2023
Good morning and happy Friday! Hope you all have some exciting plans for the weekend and are feeling amazing today! Markets have been rough starting this year out in this $380 range. We have seen a significant amount of chop, and it has only been one week out of the whole year so far.
Today is going to be a fun day to trade. Take advantage of the opportunities to trade and realize some gains in the process.
With $TSLA dropping significantly throughout the night, I will be looking to sell 0-DTE $TSLA CSPs and will recommend everyone to jump on the bandwagon.
Risks are increased with this position, but you will be able to capitalize on the increased volatility and premium of those contracts.
I will explain this more in-depth later in the report
Thoughts & Comments from 1/05/2023
Yesterday was a rough day for the markets. Thankfully the markets were There were many opportunities to trade from open, but the start of the day impacted a significant amount of traders. During the pre-market session, $SPY rejected $385 and made a pre-market high of $384.92.
Markets fell down on Economic news, and we watched as $SPY came down to open the day at $381.76. It was difficult to judge which direction we would go from open, but watching the sell-off in open, we saw a significant amount of confidence loss and a shift in the general momentum.
We chopped around consistently all day and made an official low of the day at $378.77. When Bullard started speaking, though, we saw a significant amount of bullish momentum and liquidity added to the markets.
After making an intraday high at $381.83, we, unfortunately, sold off at the end of the day. $SPY ended the day trading at $379.38, down -4.35 (-1.13%) with an intraday bearish movement of -0.61%.
It was a tough day for the markets. But, despite this, the markets provided us with many opportunities to scalp, trade, and realize some gains. But at the same time provided us with an opportunity to make smart positions and realize some gains.
Hopefully you all did well trading yesterday and realized some gains in the process of everything.
$SPY ONE MINUTE INTRADAY CHART 1/05
Thoughts & Comments for Today 1/06/2023
Today will be an interesting day for the markets, with a significant amount of economic news impacting market momentum and direction. At the time of writing this report, $SPY is down and is continually making lows of the day, but in the case that the markets move up on economic news, we will see a shift in momentum in the market.
If there is a shift in the momentum, please be extremely careful while trading, but capitalize on the bullish momentum if given an opportunity to.
Max pain for today is $383. There is a great opportunity for the markets to move up significantly at this point to get to $383.
One play that I am really interested in taking today is allocating directly into 0-DTE $TSLA CSPs.
This is an extremely risky play assuming you do them incorrectly.
Please note this is not financial advice nor a signal to buy or sell any positions,
But I will be looking to sell 0.15 Delta CSPs on $TSLA today and purchase a couple of contracts to minimize the capital required to open more spreads.
In the case that I am wrong, I can lose 100% of the capital utilized, but realistically I will realize my gains extremely quickly and capitalize on the opportunities that are presented to us.
Ideally, I am able to get out of these spreads on $TSLA within the first half hour/hour of the trading day and get a 10-20% return on my capitalize and collect 50-75% of the premium of the spread.
Be on the lookout as I will be entering into these plays at open and in the first half hour of the trading day
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 algorithm, but it was a great opportunity to take on any of our general neutral strategies. We watched as the markets dropped significantly throughout the day, and it gave us a great opportunity to outperform the markets with confidence and minimal effort.
The results of yesterday are as follows:
Baseline:
$SPY: -0.61%
Our Results:
Sector Neutral +0.14%
Variable Sector Neutral -0.02%
Market Neutral -0.35%
Variable Market Neutral -0.49%
Long Term Portfolio-0.74%
Base Algorithm-0.77%
Today due to the current market conditions not being optimal, we will stay away from our bullish strategies for general safety. We will be allocated directly in our market-neutral strategy to minimize general exposure in the markets as conditions only continue to get worst throughout writing this report.
Please be careful taking any bullish alerts today, and make sure to cherry-pick the positions you feel will do well.
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 1/06/2023
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 , $RBLX , $GOOGL , $AMZN , $META , $AAPL , $MSFT , $BABA, $MCD
Free Equity List:
Safe - $SPY
Risky - $TSLA , $RBLX , $AMZN , $GOOGL
Position Opportunities:
Sell 0-DTE CSPs on organizations with significant premiums but sell it extremely OTM where you will not get tested
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($GOOG/L & $AMZN)
Pick up broad market ETFs slowly ($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 1/06/2023
Nonfarm payrolls - 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
ISM services index - 10 AM ET
Factory orders - 10 AM ET
Core equipment orders - 10 AM ET
Notable Earnings for 1/06/2023
Pre-Market Earnings:
Greenbrier Companies (GBX)
Wrap up
Overall, please be careful trading today. Do not over-allocate in the market and look for your main position to open is selling 0-DTE CSPs that are highly OTM that will not get tested and closing the position out for as much premium as possible, as quickly as possible.
I hope you all have a great weekend and make some bank!
Good luck today!