HaiKhuu Daily Report 1/10/2023
Good morning and happy Tuesday traders! Hope you all are doing well after yesterday! It was a tough day for the markets but hopefully today will be better and present many opportunities to actively trade.
Please be smart and safe as greedy traders will get slaughtered in these current market conditions. Realize some gains in the process of everything and capitalize on the opportunities that are available.
Thoughts & Comments from 1/09/2023
Yesterday markets were looking amazing until we saw a reversal impacting the markets heavily. The markets were looking extremely bullish and strong going into open with $SPY opening the day trading at $390.23, dipping ever so slightly at open and moving up significantly throughout the morning. $SPY went on to push and make an official high of day trading at $393.70. Everything looked extremely bullish until we unfortunately had a major reversal where the markets sold off significantly to the point that the markets went red for the overall day despite being nicely green. Going into close, we made an official low of day with $SPY trading at $387.67 and officially closing the day at $387.86, down −$0.22 (0.057%) with an intraday movement of -0.64%.
It was a rough day for the markets that did present us with many opportunities to realize some significant gains and play both to the bullish and to the bearish side.
Hopefully you all were able to capitalize on the opportunities presented to us and realized some gains.
$SPY ONE MINUTE INTRADAY CHART 1/09
Thoughts & Comments for Today 1/10/2023
Today will be an interesting day for the markets with a significant amount of volatility as a result of the shift of momentum yesterday. It was easy to trade yesterday in the morning, but today will be more difficult. A lot of people will unfortunately struggle so please make sure to practice safe risk management and limit the amount of general exposure you are taking and downside risk as today will be extremely choppy.
Do not over-allocate nor over trade today. Realize some gains when given an opportunity to do so and please just be safe.
There will be many opportunities that do present themselves to trade, but realistically, with the impact of yesterday on the markets, expect those opportunities to be far and few.
There is an chance that the markets do reverse from this point and move up accordingly, but please be extremely careful as the likelihood of this happening is relatively small, but as Jim Carrey said “There’s a chance”
If you are attempting to trade today, wait for a perfect confirmation of a reversal and make sure you are actively limiting the amount of risk you are taking, and like I’ve said before, profit is profit. Set stop losses, move those stops up accordingly and practice safe risk management in the process of everything.
Again, I will not be trading too much today for both personal reasons & the market conditions. I will be around 100% for the first hour of the trading day but will not be making too many allocations outside of that window. We might see some trading opportunities around close that I ultimately take. I will be trading like normal come Thursday, so thank you all for understanding and being patient during this 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 rough day for our algorithms with everything underperforming our expectations. Tough day but thankfully due to technical difficulties, we were able to out perform both the markets and all of the algorithms by getting a simple $SPY allocation and selling it in profit while $SPY was actively moving up for the day! Great dodge for the pilot but unfortunate day for the algorithms.
The results of yesterday are as follows:
Baseline:
$SPY: -0.64%
Our Results:
Pilot: +0.3%
Sector Neutral-0.52%
Market Neutral-0.72%
Long Term Portfolio-0.90%
Variable Market Neutral-1.02%
Variable Sector Neutral-1.05%
Base Algorithm-1.26%
For safety today, as a result of yesterday, we will be looking to allocate directly into our market neutral strategy for generalized safety. There is a good chance that we bounce up and have some solid bullish movement in the markets, but realistically I would prefer to be safe in the short term than attempt to make something out of an opportunity that is not present.
Please be careful and limit your general exposure with any naked bullish allocations today.
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 1/10/2023
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 , $GOOGL , $AMZN , $META , $BABA
Free Equity List:
Safe - $SPY
Risky - $TSLA , $RBLX , $AMZN , $GOOGL
Position Opportunities:
Sell CSPs on organizations with significant premiums but sell it extremely OTM where you will not get tested
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($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 1/10/2023
NFIB small-business index - 6 AM ET
Fed Chair Jerome Powell speaks in Sweden - 9 AM ET
Wholesale inventories (revision) - 10 AM ET
Notable Earnings for 1/10/2023
Pre-Market Earnings:
Albertsons Companies (ACI)
TD Synnex (SNX)
Bed Bath & Beyond Inc (BBBY)
After-Market Earnings:
Saratoga Investment (SAR)
Wrap up
Overall, this is going to be a tough day for the markets. Please be extremely cautious and prepare for the opportunities that will be presented to you. Realize some gains when given an opportunity to do so and capitalized on the momentum in the markets. Practice safe risk management and do NOT get greedy today. If you’d like to gamble, go to a casino. You’ll have better odds than winning on the markets today.
Good luck trading and let’s make some bank!