HaiKhuu Daily Report 11/18/2022
Good morning and happy Friday! Hope you all are having an amazing morning and are prepared for what today has in store for us! Markets are moving up at the moment and looking relatively strong! This is a great sign going into open as $SPY is trending up to end the week strong. $SPY is still trading below the $400 resistance level, so I have to advise relative caution while trading today, but there will be many opportunities to realize a significant amount of gains in the process. Be smart today and capitalize on the opportunities that present themselves.
Thoughts & Comments from 11/17/2022
Yesterday was truly a tough day for the markets, with lots of opportunities to trade and realize some gains. It was an extremely choppy day which resulted in a significant amount of people actively realizing losses while trading. $SPY opened the day trading right above $390.49, actively testing that $390 support level multiple times throughout the morning, and made an official low of day trading at $390.15. Once the initial chop of the morning happened, the markets started to rip during the lunchtime lull. $SPY went from trading in the $391.50 range to quickly and made a high of day at $394.94.
Markets continued to chop throughout the rest of the day after making that high though, we tested support after making that high, broke support and came down back to right under $392 on $SPY and moved up accordingly into close. $SPY ended the day trading at $394.24, down −1.21 (0.31%). The movement does seem a little worst than it actually is though, because the intraday movement from open to close was +0.97%.
It was a tough general day for the markets, but at least there was strong momentum throughout the day to actively minimize the general losses that could have been incurred in the process. Hopefully, you all were able to do alright and come out alive after yesterday because it was honestly a tough day for the markets.
$SPY ONE MINUTE INTRADAY CHART 11/17
Thoughts & Comments for Today 11/18/2022
Today is looking stronger going into open. With the markets trending up, this is giving us more optimism for opportunities that are available. I still will continue to advise relative caution in the markets as $SPY is still trading under $400. Once the markets break above $400, there will be a significant amount of confidence added to the markets. Until that point, remain relatively cautious and skeptical. Do not over-allocate into the general markets, and make sure you are actively practicing safe risk management.
Capitalize on this bullish momentum, and realize some gains as $SPY is moving up accordingly. In this case, we continue to move up and break through $400, set stops in guaranteed profit and continue to let the market ride and do its thing.
But make sure to limit your downside risk potential in case we ultimately reject the $400 resistance level, and if we do see a hard rejection of $400, make sure to exit your active trades and make sure you are hedging your portfolio accordingly.
Don’t overtrade on a day like today, but make general allocations that you personally are comfortable and confident in taking, as well as being able to sustain your play. Don’t take on too much risk, take some profits off the table when given a chance, and relax while the markets do their thing today.
Be smart with your plays, don’t take on too much heat, and make sure to realize gains when given an opportunity to do so.
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 performance of all of our algorithms. Systems did well but the markets outperformed each of our systems. Asher is working on improving and back testing data for us to be able to increase profitability in the short term as well as increase general consistency. We will let you all know the performance of the algorithms and how the updates and upgrades go.
If you want to read more in-depth about the performance of all of our algorithms, please check out Asher’s report.
The results of yesterday are as follows:
Baseline:
$SPY: +0.97%
Our Results:
Long Term Portfolio: +0.68%
Variable Sector Neutral: +0.6%
Base Algorithm: +0.35%
Variable Market Neutral: +0.11%
Sector Neutral: -0.05%
Market Neutral: -0.19%
Today, due to the past performance of the algorithms, we will be taking a wash day while we are actively testing and improving the current systems. The alerts are still valid from a previous technical analysis standpoint, but we want to warn you that they may underperform. We will be allocating directly into $SPY today with the anticipation of holding these allocations throughout the day, and setting general stops in guaranteed profit when given an opportunity to do so.
Please be careful following any alerts today and make sure that you are taking profit when given an opportunity to do so.
All positions will be disclosed prior to markets opening.
DISCLAIMER - 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. We cannot guarantee success. Take these at your own risk.
Generated entries for 11/18/2022
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 , $AMD , $BA , $BABA, $MSFT , $AAPL
Free Equity List:
Safe - $SPY
Risky - $META , $AMZN , $RBLX , $BABA
Swing Opportunities:
HOLD the strong equity positions you’ve picked up over the previous couple of weeks on the markets
Pick up some long-dated calls on positions you are extremely bullish in
Sell short-dated CSPs on positions you are comfortable getting assigned.
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Safe Play - $BA
Long-Term Speculative Play - $META
Short-Term Speculative Play - $RBLX
Economic News for 11/18/2022
Existing home sales (SAAR) - 10 AM ET
Leading economic indicators - 10 AM ET
Notable Earnings for 11/18/2022
Pre-Market Earnings:
JD.com (JD)
Atkore (ATKR)
Foot Locker (FL)
Spectrum Brands (SPB)
Buckle (BKE)
Twist Bioscience (TWST)
Wrap up
Overall, please be smart today but capitalize on the opportunities that present themselves to you. Realize some gains in the process of trading today and make sure not to over trade. Practice safe risk management and take on some free equity when given an opportunity to do so.
Good luck trading today, and let’s make some bank!
Have a great weekend everyone!