HaiKhuu Daily Trading Report

Good morning, and happy Wednesday! Hope you traders are feeling amazing because this is going to be another fun time for the markets. We have PPI and retail sales coming out during the pre-market session, which, just like CPI yesterday, will be a major catalyst for a general market movement. Hopefully, we will see a continued bullish movement in the markets, but it is just a matter of how those numbers come back and how the markets interpret that data.

At the time of writing this report, $SPY is looking extremely strong, above the $450 resistance, and is nicely green during the pre-market session. This sentiment will obviously change before markets open as there will be significant economic news that everyone will be watching, so be careful, but continue to take advantage of the market momentum as we all are going to be presented with many great opportunities to trade and realize a significant amount of gains today!

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

*NOTE, this report has been fully written prior to PPI data which will heavily impact general market sentiment

The updated $SPY daily levels are as follows:
Conversion Line Support: $442.01
Baseline Support: $430.11
Strong Psychological Support: $440
Daily Cloud Support: $439.17

Thoughts & Comments from Yesterday, 11/14/2023

Yesterday was one of the best days we’ve seen in 2023, with a significant amount of bullish momentum and confidence coming back into the markets. During the pre-market session, the markets rallied on CPI data, creating a significant amount of confidence and strength in the markets.

$SPY opened the day trading at $446.23, up significantly from the previous close of $440.19, and displayed lots of strength throughout the day. Within the first candle, $SPY made the official low of the day, trading at $446.09, and after that, it was over. $SPY continued to rally throughout the entire morning, displaying confidence in the entire process, and only slowed down leading into the lunchtime lull, as $SPY was right under the $450 resistance. During the lunchtime lull, markets were genuinely slow and really did not provide us with much momentum or opportunity, but the sentiment across the board was still extremely positive as a result of the insane bullish momentum we watched during the first half of the trading day.

As volume started to pick back up in the markets, we watched as $SPY started to come down as selling was the primary sentiment at that time, but that didn’t matter as everyone was still excited and riding the high of what has been an insane time for the markets.

We bounced off of $448 and remained at that level until the back half of the afternoon. There was some slight bullish momentum, but that momentum was sold back off as $SPY hit $448 once again, leading into the back half of the afternoon.

After 2 pm EST, when market momentum started to pick back up again and push into the final hour of the trading day. Leading into powerhour, $SPY was actively testing $450 and displaying relative strength in the process. Unfortunately, during powerhour, we were able to break above $450 for a split second, but as not able to retain that level, making the official high of the day $450.06.

In the back half of powerhour, $SPY did start to come back down but still continued to maintain its strength from the entire morning. We ended the day with $SPY trading at $448.73, up $8.54 for the day, or up approximately 1.94%, with an intraday bullish movement of +0.53%. It was an amazing day for the markets, with genuinely many opportunities to trade with confidence in the process and realize a significant amount of gains.

This has been one of the best days we’ve seen in 2023 and one of the best weeks we’ve seen in the markets since 2020. I hope you all have been able to generate a significant amount of both realized and unrealized gains during this time and have been enjoying this process as much as we have!

Thoughts & Comments for Today, 11/15/2023

Today will be another fun time for the markets. With PPI happening before markets open, we are expecting to see a significant movement that will ultimately determine both the direction and confidence in the markets. With the insane movement up with CPI yesterday, anything can genuinely happen today. We can see a continuation of this momentum in the markets and continue to display relative strength, but at the same time, we can easily and realistically see some selling to fill a portion, if not the entire gap that has been formed on the daily. We are at the lower end of neutral on the fear and greed index, meaning we are closer to fear but are still displaying strength in the markets, and it is just a matter of whether we are able to retain this confidence in the short term, as well as are we able to generate enough confidence for us to continually move up in the process.

PPI will really impact the market momentum, direction, and sentiment, so please tread lightly and follow the trend. Do not attempt to fight the momentum, and make sure to practice safe risk management today.

I would be cautious and not attempt to be overly bullish or attempt to allocate here at these levels, but if you are in equities that you are up nicely on, the one thing I will continue to advise you all to do is to continually set stops in guaranteed profit to limit your general exposure, have a risk free position, and securing profits. You can always adjust these stops to secure more profits as the markets move up, but securing profits is going to be the key to your success in the short term.

Just look for opportunities that are going to be available in these market conditions and maximize the opportunities that are available to us because this is the time to attempt to do so, mostly while market conditions are looking strong.

This blind confidence is not going to remain, but if it does, this will be a beautiful time leading into the end of the year.

One thing I would highly recommend that you consider at these levels is to start to be a little bearish in the markets, not overly bearish and attempting to fight the trend, but slightly bearish as a result of this insane market momentum we’ve seen. I would advise you all to consider slight hedges on your portfolio, as well as some small general bearish positions, where in the case the markets continue to move up, you are only losing a small amount of capital in comparison to your overall gains in your portfolio, but in the case that the markets do quickly get shot down, you will be able to get cheap hedges right now as $SPY and equities are at relative highs, while volatility is at a relative low point. I personally have started to add to my bearish positions and will continually increase my exposure over the course of time.

Personally, I am going to continue to ride the momentum that is available to me in these market conditions, and I do not anticipate doing much outside of that right now. If I am presented with an opportunity to sell some of my long equities, I will attempt to sell, but I do anticipate continuing to hold positions like $DIS for a while. I am going to be setting stops in guaranteed profit at open to limit my downside exposure at this moment. I’ve had a phenomenal two weeks, and I do not want to do anything that would jeopardize that in any way, shape or form. I will be looking to open up some bearish positions in the markets, but I do not anticipate being extremely bearish going into the end of the year, just more so looking for an opportunity to capitalize on some bearish momentum in the markets in the short term, as I do believe that the markets have moved up heavily extremely quickly.

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 our systems. I am happy that everything was working constantly in line with the markets, but we are seeing a constant slight outperformance from our long-term portfolio, which is a positive, but we are seeing continued underperformance of the base algorithm. It is unfortunate that this is continuing to happen, but we will see what happens in the future when we have more conclusive data on the performance before making any decision on our sentiment of the system.

The results of yesterday are as follows:

Baseline:

$SPY: +0.53%

Our Results:

Long Term Portfolio: +0.58%
Base Algorithm: +0.44%
Variable Market Neutral: +0.26%
Market Neutral: +0.16%
Variable Sector Neutral: +0.03%
Sector Neutral: -0.12%

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 , $DIS, $NVDA, $TSLA, $F, $GM, $KO, $AAPL

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 11/15/2023

Producer Price Index - 8:30 AM ET
Retail Sales - 8:30 AM ET
Empire State Manufacturing Survey - 8:30 AM ET
Business Inventories - 10:00 AM ET

Notable Earnings for 11/15/2023

Pre-Market Earnings:

Target (TGT)
Advance Auto Parts (AAP)
JD.com (JD)
ZIM Integrated Shipping (ZIM)
XPeng (XPEV)
TJX Companies (TJX)
Endava (DAVA)
Fiserv (FI)

After-Market Earnings:

Palo Alto Networks (PANW)
Cisco Systems (CSCO)
Chemical & Mining Co (SQM)
Copa Holdings (CPA)
J&J Snack Foods (JJSF)
Sonos (SONO)
MAXIMUS (MMS)
Tetra Tech (TTEK)

Wrap up

Overall, this should be an extremely interesting time for the markets as a result of PPI data coming out during the pre-market session. The same sentiment remains in the markets from yesterday: do not fight any trends and take advantage of the market momentum. Follow the trend, and do not get greedy. This should be an extremely fun, momentum-based day for the markets, so let’s do what we can to maximize the opportunities that are available to us and have a great time in the process.

Good luck trading today, and let’s see what happens!

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HaiKhuu Daily Report 11/15/2023