HaiKhuu Daily Trading Report

Good morning, and happy Tuesday! This is going to be a crazy day for the markets, with CPI coming out during the pre-market session, so I hope you all are ready for what is going to be an extremely volatile and hopefully profitable day for the markets. With the way the markets stand right now, there is a significant amount of strength and momentum leading in the pre-market session, but all sentiment and momentum will be a direct result of the data that comes out during the pre-market session.

We have seen a bullish TK cross over on the $SPY daily chart, and we are above the daily cloud, which is providing us with a significant amount of confidence, but despite this, CPI is really going to drive the sentiment in the markets and choose our direction. Be careful and tread lightly with your firsts up; prepare for the worst, but obviously hope for the best.

Once CPI is out and market conditions strengthen, there will be less uncertainty and a significant momentum-based move. Let’s hope that $SPY respects this $440 support level and continues to break out in the process of everything. Follow the momentum in the markets, and do not fight any trends.

This is going to be a fun day to actively trade, so prepare accordingly, and good luck trading today!

The updated $SPY daily levels are as follows:
Conversion Line Support: $433.98
Baseline Support: $425.30
Strong Psychological Support/Resistance: $440
Daily Cloud Support/Resistance: $439.81

Thoughts & Comments from Yesterday, 11/13/2023

Yesterday was a beautiful day for the markets. On an overall basis, $SPY was down on a day-to-day basis, but there was a beautiful intraday movement that we could have easily capitalized on.

To start the day off, $SPY sold off into open, where we opened the day trading at $439.19, down significantly from the previous close of $440.61, starting the day with some bearish momentum, under the psychological resistance, and back within the daily cloud. From open, we continued to slip for the first half hour of the day, where $SPY went on to make the official low of the day, trading at $438.42.

After making the official low of the day, we watched as there was some significant bullish momentum in the markets leading into lunch as $SPY quickly rallied $3 from the bottom and went to make the official high of the day, trading at $441.34. This high was significant as we were back above the daily resistance levels, and it provided us with confidence in the process.

Once volume started to pick back up in the markets, we did not see a significant amount of general momentum in the markets as we were at a point of confusion, and continued to chop around the daily resistance levels, and remained there throughout the rest of the day. We watched as $SPY played within a $1 range during the back half of the day, where there was no good opportunity to allocate with confidence, but gave us all the ability to play an extremely tight range both to the upside and to the downside.

Going into powerhour, there was not much momentum in the markets as we were hovering black for the day, but up nicely from open, where we saw a slight rally, which was followed by a dip into close. We ended the day with $SPY trading at $440.19, down $0.42 for the day, or down approximately 0.01%, with an intraday bullish movement of +0.22%.

The movement itself was not seen as very significant as $SPY was down only 0.01% on a day-to-day basis, and $SPY only moved up a fraction of a percent intraday, but what really happened is that markets continued to respect the daily support/resistance levels, which provides me with more confidence in the short term about the markets, we closed above the $440 resistance level, and above the daily cloud which provided us with a significant amount of confidence in the short term. This obviously does not matter in the eyes of economic news that will impact the market performance later today, but from a hindsight perspective, this does provide us with a significant amount of confidence knowing that this level continues to be retained and is displaying signs of strength. Please take this with a grain of salt, but know that market conditions are strong despite showing weakness and that there are going to be continued opportunities to trade and realize gains.

Thoughts & Comments for Today, 11/14/2023

Today should be another fun time for the markets. With CPI data coming out during the pre-market session, that is going to be what dictates the direction, sentiment, and momentum of the markets. I do not want to be overly optimistic going into CPI during the pre-market session, but I will say that we are at a make-or-break point in the markets, and CPI is going to be what is ultimately what is going to tip the scales for the markets today.

We will either breakout and continue to move up as there is strength in the markets, providing us with some amazing opportunities in the short term, or the markets are ultimately going to sell off and come back down to the daily support levels, hopefully not break through those said levels, and continue to proceed as normal.

Obviously, I want the markets to go up and display strength in the way that it is, but it is just a matter of whether CPI is up to expectations and whether we are able to continue the movement afterward as a result of this data.

Do not fight any trends, do not try to time out the perfect entry, and do not get greedy. This is one of those days that you should sit back, follow the momentum, and enjoy the opportunities that are presented to you. If the markets are looking strong, realize some gains with the upward momentum and realize some gains, and if you are watching as the markets come down, do not attempt to catch any knives. Possibly look to short equities and cover when you are happy to do so.

Not taking into account the fact that we have major economic news during the pre-market session that will heavily impact the market’s sentiment and direction for the day, I would like to say that there is a significant amount of strength in the markets despite us continually being in the fear state on the fear and greed index. There is a good chance that market momentum continues to display signs of strength as $SPY has gotten above the major resistance levels and is showing confidence at the moment. There are many opportunities to trade in these conditions, but it is just a matter of capitalizing on the opportunities available and timing out your allocations properly.

You should be confident in these market conditions and continue to take advantage of this confidence in the markets while it is here. I am not saying that this confidence is going to stop anytime soon, but you should continue to take advantage of the opportunities that are presented to you.

Personally, I do not anticipate entering into too many allocations today and will not be directly speculating on CPI during the pre-market session. I have a significant amount of equities that I do anticipate continually holding at this time, and I do not anticipate entering or exiting any of these as a result of the movement we will see with CPI today. The biggest thing I will be doing, though, is attempting to actively trade the momentum after data comes out. In the case that market conditions weaken, I will look for an opportunity to grab high-beta tech positions for a discount for a day trade, and in the case market conditions strengthen, I will look to ride lower-beta tech organizations and enjoy the momentum while simply relaxing. I do not want to be overly ambitious, as I said before, and I do not want to over-allocate as a result of this data.

Please be cautious as a result of the movement we will see during the pre-market session and prepare accordingly for what is going to be an interesting day for the markets.

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 both the algorithm and the markets. The long-term portfolio was in line with the markets, slightly outperforming $SPY, and our technical analysis underperformed against both the long-term portfolio as well as $SPY. These tests are not coming up as favorable as I would hope, so I will have news in regards to the state of the algorithm towards the end of the month once we have conclusive data on our sentiment and the performance of this newest algorithm. For now, continue to take these allocations with a grain of salt, as we are in an active live beta test.

The results of yesterday are as follows:

Baseline:

$SPY: +0.22%

Our Results:

Long Term Portfolio: +0.24%
Base Algorithm: +0.08%
Variable Market Neutral: +0.06%
Market Neutral: +0.04%
Variable Sector Neutral: -0.13%
Sector Neutral: -0.23%

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 , $HD, $TSLA, $AAPL, $MSFT, $NVDA, $F, $GM, $KO

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 11/14/2023

NFIB Optimism Index - 6:00 AM ET
Consumer Price Index - 8:30 AM ET
Chicago Fed Pres. Goolsbee Speaks - 12:45 PM

Notable Earnings for 11/14/2023

Pre-Market Earnings:

Home Depot (HD)
Sea Limited (SE)
Paysafe Group Holdings (PSFE)
Canadian Solar (CSIQ)
Aramark (ARMK)
Energizer (ENR)
Tencent Music (TME)
Azul S.A. (AZUL)
Vipshop Holdings (VIPS)

After-Market Earnings:

Pioneer Power Solutions (PPSI)
Canoo (GOEV)
SIGMA Lithium (SMGL)
Getty Images (GETY)

Wrap up

Overall, this will be a very fun day for the markets that are going to have momentum that is based on the reaction to CPI during the pre-market session. Follow the momentum in the markets, take advantage of the opportunities that are presented to us, and do not fight the trend. We all should have the ability to realize a significant amount of gains as a result of the market momentum. Protect your bottom line, but practice safe risk management and let’s realize some gains!

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

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HaiKhuu Daily Report 11/14/2023