HaiKhuu Daily Report 11/21/2022
Good morning and happy Monday! Hope you all had a great weekend and are prepared for this week. Just a friendly reminder that this is a shortened trading week. This Thursday, markets will be closed for Thanksgiving, and on Friday, there will be a HALF trading day. Markets close officially on Friday at 1 pm EST.
Markets are not looking strong at the moment of writing this report, there has been critical news that has been released over the weekend that has impacted sentiment heavily.
China has a rise in Covid-19 cases that has heavily impacted general Chinese equities
Cryptocurrencies have fallen significantly during the FTX fallout
Disney has pumped +9% on news that Bob Iger will return as Disneys CEO
Tesla is selling off as a result of Twitter being in the front of general headlines
Please be extremely careful while trading today and make sure to practice safe risk management & limit your general downside exposure.
Thoughts & Comments from 11/18/2022
Last week was an extremely turbulent week for the markets, with a significant amount of general momentum in the markets. We tested the $400 resistance level on $SPY multiple times throughout the week, but unfortunately, we were not able to sustain ourselves above that level.
We started the week with $SPY opening at $396.70, and it looked strong until it tested the $400 resistance level. Markets were rejected after $SPY was not able to break through $400, and we watched as $SPY ended the day trading at $395.12.
On Tuesday, we opened above the $400 resistance level as good PPI data came out and positively impacted the markets. $SPY made a high of the morning at $403.54 and was sustaining itself above $400 going into the market open. Markets were not kind as there was “news” regarding a Russian bombing in Poland. This was proven as false news, but that impacted general market sentiment and killed off all of the momentum for the rest of the day. We made a low of the day at $394.49 and recovered to close the day at $398.17.
Markets sold off significantly on Thursday pre-market and resulted in $SPY making a low of the week at $390.04, but we watched as the markets recovered +0.97% by close, ending the trading day at $394.24
To end the week off on Friday, we moved up significantly into open, starting the day with $SPY trading at $397.68 and watched as the markets sell off to make a low of the day at $393.04. After making the low, $SPY moved up significantly into close and ended the day trading at $396.03. There was a positive movement of +$1.76 from close on Thursday but a negative -0.43% movement from open.
The overall movement from Monday open to Friday close was -0.17% on $SPY, -0.38% on $QQQ, and +0.08% on $DIA. The movement looks relatively neutral, but there was a significant amount of momentum and volatility. It was a tough time to trade all week, but there were many opportunities to realize gains. Hopefully, you capitalized on the opportunities present and realized some significant gains last week!
$SPY 15-MINUTE WEEKLY CHART 11/14 - 11/18
Thoughts & Comments for Today 11/21/2022
Today is going to be a very choppy day for the markets. Please be careful while attempting to trade. Markets are down this morning with a significant bearish sentiment coming from China due to Covid-19 news.
There will be opportunities to trade throughout the day and realize gains in the process, but I am sure the majority of traders who will attempt to trade today will have a tough time. There is a chance that the markets reverse and move up accordingly, but the likely chance of that happening right at open is relatively slim.
If you are looking to trade, be selective with your trades and make sure that you are timing the position correctly and that you are practicing safe risk management. With the current way the markets are looking, I personally would not want to enter any positions long until $SPY is oversold or shows signs of reversal.
There is a chance $SPY never gets to that level, chops around, and moves up without being able to get a strong allocation, but in these current market conditions, you do not want to time any allocations incorrectly. You rather miss out on an opportunity rather than get burnt attempting to catch nothing.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Friday was an amazing day for the algorithms. Oddly enough, despite the markets being down, every single algorithm performed well and beat the markets by a large margin. It is interesting watching the algorithms do so well while the markets are down. We are working on continuing to upgrade and modify our algorithms at the moment, so they are all optimized and improved for your use. We will update you all soon in regards to the updates & make sure to reply to the market analysis game every night, we will be announcing prizes for the first round of participants soon!
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: -0.43%
Our Results:
Market Neutral: +0.95%
Variable Market Neutral: +0.83%
Base Algorithm: +0.68%
Sector Neutral: +0.16%
Long Term Portfolio: +0.14%
Variable Sector Neutral: +0.06%
Today, at the moment of writing this report, we are currently indecisive on which allocation we would like to take. The markets are moving up at the time of writing this portion of the report, so we are not sure if we are going to hold cash or allocate into the LTP. It just depends on general market sentiment and movement prior to markets opening and if we believe there is an opportunity for the markets to move up by close.
Ideally, the markets continue to look strong going into the open, and in the case that it is, I will be looking to allocate directly into the LTP with the anticipation of cutting all allocations early.
In the case the markets are not looking strong, I will be looking to hold cash. There will be no allocates created nor any opportunity to lose. It will be a wash day, and we will move on with our lives.
I will let you all know in real-time which allocation style we decided to pick for the day.
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 11/21/2022
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 , $DIS , $TSLA , $AMD , $META , $COIN , $AAPL , $MSFT , $BABA
Free Equity List:
Safe - $SPY
Risky - $DIS , $META , $BABA , $COIN
Position Opportunities:
Look to allocate into strong equities that you anticipate holding until the end of the year
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($GOOG/L , $AMZN, $META)
Pick up broad market ETFs slowly ($SPY / $QQQ)
Sell short-dated CSPs with the intention of collecting premium on Friday (Risk Recommendation: $BABA)
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Safe Play - $BA
Long-Term Speculative Play - $META
Short-Term Speculative Play - $RBLX
Economic News for 11/21/2022
Chicago Fed national activity index - 8:30 AM ET
Notable Earnings for 11/21/2022
Pre-Market Earnings:
DouYu (DOYU)
Futu Holdings (FUTU)
JM Smucker (SJM)
Jacobs (J)
Niu Technologies (NIU)
StealthGas (GASS)
After-Market Earnings:
Agilent (A)
Dell Technologies (DELL)
Zoom Video (ZM)
ZTO Express (ZTO)
Maximus (MMS)
GDS Holdings (GDS)
Urban Outfitters (URBN)
Afya Limited (AFYA)
Wrap up
Overall, be smart and safe while trading today. Do not take on too many risks going into open, and look to capitalize on opportunities when they present themselves to you. Limit the amount of downside exposure you have. Cash is king in this marketplace.
Allocate it wisely and realize some gains when given an opportunity to do so!
Good luck trading today, and let’s make some bank!