HaiKhuu Daily Report 11/27/2023
Good morning, and happy Monday! Hope you all had an amazing Thanksgiving weekend full of rest and relaxation. Market conditions have been tough over the previous couple of days, so let’s see what happens in the near future. We’ve seen a continuation of bullish momentum in the markets, but this momentum has been extremely slow and relatively neutral over the previous couple of days.
It appears that momentum is slowing down, so now it is a matter of confusion in the markets, and what direction the markets want to trend. It would not surprise me to see a large movement in either direction, but it does concern me the amount of neutrality we’ve seen as $SPY has traded above $450.
Please continue to tread lightly on these market conditions but look to maximize opportunities to realize gains where possible. These conditions are going to be tough to navigate with both confidence and consistency, so practice safe risk management but have a great time in the process.
Follow the market momentum, and do what you can to increase your profitability at this time.
Good luck trading this week, and let’s make some bank!
The updated $SPY daily levels are as follows:
Conversion Line Support: $451.24
Baseline Support: $432.79
Strong Psychological Support: $450
Daily Cloud Support: $436.93
$SPY Daily Candles, Continued Bullish Momentum - [11/24/2023]
Thoughts & Comments from Last Week
Last week was a slow week for the markets. It was a shortened week as we had Thursday off for Thanksgiving, and Friday was a half day as a result of the markets closing at 1 pm EST. Market momentum was relatively neutral outside of the large movement that happened on Monday. There was low volume as a result of the holidays and not many good opportunities to trade outside of the anticipation of FOMC. Thankfully, on an intraday basis, we only had green days, but there were not many good opportunities to trade. Hopefully, you all did alright, enjoyed the relaxing time away from the markets, and didn’t lose a significant amount attempting to trade.
Monday was the only day we saw any significant movement throughout the entire week. $SPY started the day trading at $450.53, up slightly from the previous week, but we displayed strength throughout the entire day. $SPY dipped and made the official low of the day $0.01 below the opening price and made the official high of the day trading at $455.12. We came back down slightly into close and ended the day trading at $454.26, but it was a beautiful time watching the bullish momentum through the entire day.
Tuesday was a tough day with a significant amount of conflicting sentiment. $SPY started the day trading at $453.18, down from the previous close, and chopped around for the large majority of the day as we were preparing for FOMC and watching as markets moved in anticipation of that. Markets took a quick dive early in the morning and we watched as $SPY made the official low of the day, trading at $451.96, and watched as we recovered throughout the day, making the official high of the day trading at $454.13. Once the minutes came out, there was no significant movement in the markets, and we continued to chop around the open price, where we ended the day with $SPY trading neutral, at $453.27, up $0.09 from open.
Wednesday was a continuation of that confusing overall momentum in the markets. We started the day with a significant amount of bullish momentum, with $SPY opening the day trading at $454.98 and quickly making the official high of the day trading at $456.38. Markets were looking extremely strong within the first half hour, but once we got economic news, the markets quickly slowed down and chopped around for the large majority of the day, with not much strength or momentum to capitalize on as many people started to prepare for holiday travels. It was a tough day to trade as a result of the lack of momentum, but provided us with slow, continued bullish momentum on a larger scale. We ended the day with $SPY trading at $455.02, up $0.04 on an intraday basis, with a significant 0.01% movement on $SPY.
Thursday itself was the craziest day for the markets. We watched as $SPY moved an ungodly amount and caused a significant amount of panic in the process. This is obviously a joke, as the markets were closed for Thanksgiving. I hope you all enjoyed some great food and were resting and relaxing on the day off.
Friday was a lot more fun, as the NYSE had a 50% off black Friday sale for trading hours. Markets closed early on Friday, ending the day at 1 PM EST, causing not much overall movement or momentum in the markets but providing us with a few trading opportunities. We started the day with $SPY trading at $455.04, up ever so slightly from the previous close, and had an extremely tight range throughout the entire day. We made the official low of the day trading at $454.73 and the official high of the day trading at $455.48, signifying there was an extremely tight range of $0.75 throughout the day. We ended the week with $SPY closing on Friday trading at $455.30, up $0.28 from the close on Wednesday, up 0.06%. It was a tough way to end the week but is completely what we expected as a result of the early closing on Friday.
Overall, it was an alright week to trade with many opportunities. We wish that there were more opportunities to trade in the process, but situationally, we all understood what we were getting ourselves into as a result of the lower liquidity and volume last week. Hopefully, you all were able to realize some gains in the process of everything and were able to realize some gains trading.
This week should be a lot of fun as volume and momentum start to pick up as a result of people coming back into the markets, so let’s see what happens in the process!
Heatmap From Last Week
Thoughts & Comments for Today, 11/27/2023
Today should be an interesting time for the markets as volume should be coming back. Expect to see larger movements in the markets, but it is just a matter of what direction we ultimately will take in the short term. I am not expecting to see an overwhelming amount of either bullish or bearish momentum as a result of the volume coming back into the markets, but I am expecting to see some sort of movement.
The markets have continued to display signs of strength over the previous couple of weeks, mostly with us moving up for almost the entirety of November. I want to remain bullish on these market conditions, mostly with the placement we have, but I want to continue to advise caution in these conditions and recommend treading extremely lightly, as we are due for a pull back.
I know I’ve said this before, and I will say it again. I do advise you all to consider hedging your portfolio slightly right now, mostly with VIX trading at $13 and market conditions looking to slow down. In the case conditions don’t slow down, C’est la vie, your hedges go to zero, but you should continue to have strength in your general position where the realized gains you receive outweigh the losses that could have been possibly generated from the hedges. But hey, if the hedges work out as expected, then the gains you are able to generate now are nice, and then the downside momentum that is provided over the next couple of days is lessened as a result of you having hedges on while equities are over priced, and vix is extremely low.
My sentiment still remains the same right now. I do not advise you to actively attempt to allocate long into the markets at the moment, unless you are attempting to allocate into deep value, but there are not many organizations that are in that territory at the moment. If you are attempting to trade, I would highly advise you to ride the momentum in the markets and actively scalp and realize gains when given an opportunity to do so. I would not hold overnight exposure unless you have been holding equities long for the previous month or are hedging and just prepare accordingly in these market conditions, as anything can happen in a short period of time, mostly as volume is starting to come back into the markets.
Personally, I am very excited to attempt to actively trade today. I believe there will be many great opportunities to trade, mostly in higher beta organizations like $TSLA, $NVDA, and $MSFT, but it is just a matter of timing out your position properly in the process and maximizing your profit potential. I will make extremely tight positions where there is little to no downside risk, and it is all risk-free scalps and opportunities that are on the table. I may look to play some 0-DTEs to increase my risk, but I will not be taking on a significant amount of risk by allocating heavily to organizations that are over priced at the moment.
Just continue to practice safe risk management at these levels, as many people will be able to realize a significant amount of gains with ease, but at the same time, there are going to be a lot of organizations that have an extremely difficult time realizing gains as they are allocating too heavily, in a time of weakness in the markets.
Be smart, be safe, and realize some gains in the process of everything.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Last week was an interesting time for our systems. I am happy to see that all of our bullish strategies were able to outperform $SPY on a consistent basis, but the results that were generated were not outperforming in such a way as to provide a significant amount of confidence in the short term. I am excited to see what happens when we get larger scale data towards the end of the month to give us a general sentiment of the performance of this algorithm and for us to be able to conclude our live beta test with quantifiable data.
The results of last week are as follows:
Baseline:
$SPY: +0.91%
Our Results:
Long Term Portfolio: +1.05%
Base Algorithm: +0.95%
Variable Market Neutral: +0.22%
Market Neutral: +0.15%
Variable Sector Neutral: +0.05%
Sector Neutral: -0.11%
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.
Algorithmic Alerts for 11/27/2023
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 , $MSFT , $AAPL, $DIS, $GM, $F
Position Opportunities:
Trade the market momentum
Set stops in a guaranteed profit
Limit your downside risk
Hedge your positions
Consider getting bearish exposure
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $DIS / $DG / $KO
Long-Term Auto Sector - $F / $GM
Economic News for 11/27/2023
New Home Sales - 10:00 AM ET
Notable Earnings for 11/27/2023
Pre-Market Earnings:
Cerence (CRNC)
Avanex Life Sciences (AVXL)
Smart Share Global (EM)
After-Market Earnings:
Zscaler (ZS)
SeaDrill (SDRL)
Grupo Supervielle (SUPV)
Cango (CANG)
Wrap up
This should be a fun time for the markets, hopefully with some solid bullish momentum, as many traders are starting to come back to the markets. Expect to see significantly more volume and momentum in the markets in comparison to last week, and let’s have a great time in the process of everything. Make sure to practice safe risk management and limit your downside risk as much as possible!
Good luck trading this week, and let’s make the most out of these opportunities!