HaiKhuu Daily Trading Report

Good morning, and happy Monday! Hope you traders all had a phenomenal weekend and are well-rested for what is going to be another tough and opportunity-filled week for the markets. With the way the markets currently stand, we are testing the daily cloud resistance and are displaying signs of strength going into open. At the time of writing this report, we are back below the $440 resistance level but are still showing continued signs of strength being displayed in organizations like $TSLA and $NVDA.

It would not surprise me at all for us to consistently chop at this level until the markets decide what direction it wants to go, and then afterward, have an extremely momentum-based move. We are still at the lower end of fear in the fear and greed index, so it would not surprise me if we moved up slightly from here for the markets to go back to a neutral sentiment.

Tread lightly with your fists up today, be careful and cautious as always, but take advantage of the opportunities and momentum in the markets to realize some gains!

Good luck trading this week, and let’s have some fun!

The updated $SPY daily levels are as follows:
Conversion Line Support: $429.79
Baseline Support: $425.07
Strong Psychological Resistance: $440
Weak Psychological Support: $430
Strong Psychological Support: $420
Daily Cloud Support/Resistance: $439.81

Thoughts & Comments from Last Week

Last week was an interesting time for the markets. It was not as crazy as the beginning of the month, but we consistently pushed up and showed relative strength in the markets, providing us with many opportunities and hope. There was slight bullish momentum in the markets, but many times, you could have been faked out and had a difficult time navigating the markets with confidence. Hopefully, you all did alright and were able to capitalize on the market momentum. There might not have been a significant movement in the overall markets, but the movement itself was still significant as a result of what it meant for the markets.

Monday was a relatively neutral day for the markets. $SPY opened the day testing the daily cloud resistance and consistently chopped around that level throughout the entire day, where we opened the day trading at $435.47, moved up, came down nicely to make a low trading at $433.68, and moved back up to officially close the day at $435.69, right above the daily cloud resistance.

Tuesday was a better day for the markets as this was the first time officially opening the day in the daily cloud, providing us with confidence in the process. We opened the day with $SPY trading at $435.69, black from the previous close but still in the daily cloud, providing us with confidence. $SPY chopped around that level, not providing many opportunities in the process, but it allowed us an amazing opportunity to trade and capitalize on the short-term momentum in the markets. We did see $SPY dip and break below the daily cloud support, but we were able to recover by close and watched as $SPY ended the day trading at $436.93, up from open and nicely in the daily cloud.

Wednesday was a combo breaker of a day. Until this point, we had seven days of green on the daily charts, and the markets were looking strong going into open. We opened the day trading at $437.55 and had a crazy wick down as $SPY dropped to make the official low of the day trading at $434.87, but recovering nicely into close, ending the day trading at $437.25. We were green on a day-to-day basis, but on an intraday basis, the markets were down, which caused us to unfortunately have a red candle on the daily, ending the streak of green in the markets.

Thursday was a tough day, as a lot of confidence was lost in an extremely short period of time. $SPY opened the day trading at $438.43 and was looking exceptionally strong in the process. We had a lot of traders be excited and optimistic to hear Jerome Powell speaking, and markets were looking strong in the process. We made the official high of the day within the first candle and then watched as the markets continually slipped throughout the entire day, and watched as the markets continued to drop heavily as Jerome Powell was speaking, and even more so after his speech was done. We ended the day with $SPY trading at $433.84, making a low of the day going into close.

Friday was the best day throughout the entire week. I do not believe anyone expected to see the move on Friday until it happened. $SPY started the day looking strong but was quickly matched with some bearish momentum. $SPY opened the day trading at $435.98 and was looking optimistic but quickly dropped throughout the day to make the official low of the day, trading at $433.83. After making that official low, though, markets were looking extremely strong and continued to move up throughout the day, where we quickly pushed up to test $440 and break above both the psychological resistance and technical resistance, providing us with many opportunities for confidence in an extremely short period of time. We ended the day with $SPY trading at $440.61, up $6.77 for the day, or up approximately 1.56%. It was a great way to end the week with some strength and many opportunities to have a great time in the process.

Overall for the week, it was a difficult week to navigate with confidence, but there were opportunities that were consistently presented to us to actively trade. We watched as organizations like $NVDA pushed over 7%, while organizations like $MSFT and $META moved up almost 5%. It was an amazing time for the large majority of traders, and we had an amazing time in the process. Hopefully, you all were able to realize a significant amount of gains while trading last week and had an even better time in the process.

Let’s see what this week has in store for us, and watch for a possible continued breakout in the markets!

Thoughts & Comments for Today, 11/13/2023

Today should be an interesting time. As I said before, we are testing the daily cloud support/resistance level, which ultimately is going to decide the momentum of the markets. We are currently showing strength as the markets have broken above that level for a brief moment and are displaying opportunities for continued momentum, but at the same time, we can easily come down. There has been a bullish TK crossover on the $SPY daily, but it has moved up in an extremely quick and unsustainable way.

As I said before, it would not surprise me for the markets to chop in an extremely tight range before ultimately making a momentum-based move that ultimately will decide the direction that we take for the day. There is a very high likelihood that we will continue to move up with confidence, mostly with the momentum that we’ve seen in the markets in the short term, but at the same time, the movement up we’ve seen has created two small gaps on the daily and is realistically a little bit unsustainable, and we need to come down slightly as a result of this movement up.

I would continue to recommend being fluid with your allocations and not attempting to be overly bullish or bearish at this time. Follow the market momentum and take advantage of the opportunities that are presented to us.

There are going to be many organizations that you can follow today, but it is just dependent on the strategy of trading you’d like, as well as how confident you are of the direction that the markets are taking. If you are looking to go long and take on some risk, look to play organizations like $TSLA, $NVDA, and $RBLX today. If you want to take the safe route, watch more so the larger tech organizations that are not as volatile, like $AAPL, $MSFT, and $GOOG/L

The best way to realistically capitalize on these opportunities right now in the markets is to have continued exposure in organizations that you believe are undervalued at the moment and build exposure in those said organizations without having to either worry or risk too much in the process, as you are confident in the organization, and comfortable holding it at the price discussed. Holding some organizations that are not functioning the way you expected is obviously not ideal in the short term, but the longevity that is provided in the process and the assurance that you have outweigh the short-term risks that are involved. Stacking these long-term positions with active trading to capitalize on the short-term momentum will give you the best of both worlds while maximizing potential and minimizing the risks involved.

For my trading today, I am going to attempt to minimize it as much as possible until there is a clear direction of the market sentiment and direction. I do not want to be overly ambitious and attempt to enter a position until the direction is confirmed, but I know which positions I will look into, assuming markets play in either direction. If we are looking strong and there is confidence, I want to look to go long organizations like $AAPL for some exposure with minimal risk towards the upside, and if the markets are slipping hard, I want to go short an organization like $NVDA, with a relatively tighter stop, to increase the potential for gains towards the downside. Regardless of what happens in the short term, I am still holding a significant amount of long equities that I have zero anticipation of exiting anytime soon that I have a significant amount of confidence in. I may sell some ITM CSPs on $F this week for monthly expirations, and will keep you all updated on the process of everything.

Just make sure to practice safe risk management here in the markets and do not attempt to be overly ambitious in these market conditions.

If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.

HaiKhuu Proprietary Algorithm Report:

Last week was a tough time for the algorithm. I cannot beat around the bush and lie about that. It underperformed significantly as a result of a large allocation in $TSLA, while organizations like $MSFT and $NVDA carried $SPY last week. One bright side to the situation is that our fundamental analysis performed well. The way that the fundamental analysis in the long-term portfolio is built is that there is equal weight to any position that is within the portfolio, providing us with confidence in the process. In comparison to $SPY, which is not equally weighted, the portfolio underperformed, but compared to the equal-weighted $SPY ETF, we were able to outperform it by over 1%. So, it was a tough week for the algorithm overall, but I am happy to see that the fundamental analysis in the portfolio performed well and beat our expectations against the equal-weighted $SPY ETF.

The results of last week are as follows:

Baseline:

$SPY: +0.27%

Our Results:

Long Term Portfolio: -0.26%
Sector Neutral: -0.6%
Variable Sector Neutral: -0.84%
Base Algorithm: -1.67%
Market Neutral: -1.85%
Variable Market Neutral: -2.34%

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.

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 , $MSFT, $AAPL, $TSLA, $NVDA, $DIS, $GM, $F, $RBLX

Position Opportunities:

Trade the market momentum
Set stops in guaranteed profit
Limit your downside risk

LONG OPPORTUNITIES:

Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $DIS / $DG / $KO
Long-Term Auto Sector - $F / $GM

Economic News for 11/13/2023

OPEC Monthly Report - 7:30 AM ET
Monthly US Federal Budget - 2:00 PM ET

Notable Earnings for 11/13/2023

Pre-Market Earnings:

Monday.com (MNDY)
Tyson Foods (TSN)
Tower Semiconductor (TSEM)
Genius Sports (GENI)
Henry Schein (HSIC)

After-Market Earnings:

Rumble (RUM)
Gladstone Capital (GLAD)
Beauty Health Co. (SKIN)
Zomedica (ZOM)
Harrow Health (HROW)
Star Bulk Carriers (SBLK)
Danaos Corp. (DAC)

Wrap up

Overall, this is going to be a fun time for the markets, and it just depends on the general direction of the markets and your ability to navigate these conditions with confidence. Be smart, but look to also maximize the opportunities that are available here in the short term. This should be a day full of opportunity. Just make sure to tread lightly and practice safe risk management as we are testing this cloud resistance on the daily. Let’s hope for a breakout and have a great time while there is confidence in the markets.

Good luck trading today, and let’s see what the markets have in store for us this week!

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HaiKhuu Daily Report 11/13/2023