HaiKhuu Daily Report 11/24/2023

Good morning, and happy Friday! Hope you traders had a great Thanksgiving and were able to enjoy a relaxing time. This is just a quick reminder that the markets are open today, but it is a half trading day where the markets close at 1 PM EST. Expect to see extremely tight movements and a significant amount of chop in the markets.

There is going to be low volume in the markets and many traders who attempt to trade today will have a difficult time.

Please be careful and cautious if you are attempting to trade, and this is going to be one of the few days that I simply do not recommend attempting to trade unless there is favorable momentum that you want to trade.

ALSO, on top of everything that is going on, I just want to let you all know that HaiKhuu is hosting a BLACK FRIDAY SALE. We are offering 99% off access to our exclusive trading community, and I highly recommend you all grab this while you can, as we’ve made a significant amount of realized gains throughout the previous month.

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Good luck trading today, and have a great weekend!

Thoughts & Comments from Wednesday, 11/22/2023

Wednesday was an interesting time for the markets with some opportunities to trade, but a lack of general momentum that made the large majority of the day relatively neutral outside of some movements that you could have scalped.

We started the day with $SPY opening at $454.98, up nicely from the previous close of $453.27, and watched as there was a significant amount of bullish momentum early in the morning, $SPY was looking relatively strong as within the first ten minutes of the day, $SPY rallied, and made the official high of the day trading at $456.38. The movement up was extremely nice as organizations rallied right at open, but then was quickly met with bearish momentum. $SPY quickly dropped to make the official low of the day a half an hour later, trading at $453.89.

Once making the official low of the day, markets did quickly recover from the drop, and continued to remain neutral around the open price, there was no solid market momentum and we continued to chop around the open price for the rest of the trading day.

Going into power hour, at around 2:30pm EST, there was a quick drop in the markets where $SPY dipped and tested the low of the day, but it was quickly bought back up, providing us an opportunity to trade into close.

Power hour itself, was an unfortunate time as markets continued to remain neutral from open. We ended the day with $SPY trading at $455.02, up $1.75 from the previous close, or up roughly 0.4%, with an intraday bullish movement of $0.04, or up 0.01%.

It was an extremely tough day with not many opportunities to trade, but we all expected that leading into Wednesday. Hopefully today is a better day with significantly more opportunities to trade!

Thoughts & Comments for Today, 11/24/2023

Today is going to be a day full of confusion in the markets. As I said before, today is a shortened day for the markets, and as a result there are a couple of scenarios that can happen.

Realistically, today is going to be a slow day for the overall markets without a significant amount of momentum or volume, and it will be extremely choppy in a tight range. That has been the case over the previous couple of years, and is most likely what is going to happen today.

Assuming that is not the case, there is a high likelihood that as a result of the current market condition, that there is a continued slow bleed up in the markets. This is not something I would actively trade in hopes for, but know that it is a possibility.

If I were going to attempt to trade today, the best move in my honest opinion, would be to simply sell premium against my equities and receive a small amount of premium in the process, it will not be any sort of life changing gains, but gains nonetheless.

The biggest thing about navigating the markets today, is to simply practice risk management, and do not overtrade. There has been many instances where I’ve seen traders in the past overtrade on black Friday, and only continued to realize more and more losses as a result of the general lack of momentum.

This again, is going to be one of those few times that the best recommendation I have for the large majority of traders, is to simply not attempt to trade due to tough market conditions.

Don’t forget, markets close at 1 PM EST today, so enjoy the shortened day in the markets!

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

HaiKhuu Proprietary Algorithm Report:

Wednesday was an extremely neutral day for the markets, and as a result of that, the results that were generated were relatively neutral too. I am happy to see that the long term portfolio was able to outperform the markets, but it is just tough as market conditions was not favorable to trade at all on Wednesday.

The results of Wednesday are as follows:

Baseline:

$SPY: +0.01%

Our Results:

Long Term Portfolio: +0.13%
Sector Neutral: +0.13%
Market Neutral: +0.1%
Variable Sector Neutral: +0.02%
The Market: +0.01%
Variable Market Neutral: 0.0%
Base Algorithm: -0.06%

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

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 11/24/2023

S&P Flash Services PMI - 8:30 AM ET

Notable Earnings for 11/24/2023

Pre-Market Earnings:

H World Group Limited (HTHT)

Wrap up

Overall, this is going to be an interesting time for the markets as a result of the shortened day. Practice safe risk management and look to realize gains when you are given an opportunity to do so. Do not take on a significant amount of risk and exposure, and if you are attempting to trade, follow the momentum, and be cautious about both chop and a lack of momentum in the markets.

Good luck trading today, and have a great weekend!

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