HaiKhuu Daily Report 11/28/2022
Good morning and happy Monday! Hope you all had a great weekend and are prepared for what the markets have in store for us today. At the moment of writing this report, $SPY is trading at $399 and is down approximately 1% from close on Friday.
The markets are not strong at the moment with a lot of news coming out in regards to china and their covid restrictions., so please be careful trading today, but seize any opportunities that present themselves! There will be many opportunities to trade and invest in stocks today.
If you are looking for an interesting play, look to capitalize on the news of a possible stock buyback on $TSLA.
Thoughts & Comments from 11/25/2022
Last week despite being a short week, was a tough yet extremely profitable week for the markets. There were many opportunities to capitalize on the momentum and actively scalp amongst the week.
With the markets moving up, we made a low of the week, trading at $392.66, and ended the week with $SPY trading at $402.33. There was a lot of chop throughout the trading week, but regardless, there was still a significant amount of bullish momentum throughout the week.
Trading on Tuesday brought a significant amount of confidence leading to FOMC minutes coming out the next day.
With FOMC minutes coming out on Wednesday, prior to us having a day off for Thanksgiving, bringing in a lot of volatility and momentum in the markets. The largest intraday movement last week happened as a result of FOMC Minutes. $SPY opened the day and looked strong prior to selling off into the lunchtime lul and picking right back up headed into the minutes getting released.
The momentum of Wednesday was insane, with significant chop but general bullish momentum.
Thursday was a day off for Thanksgiving, and Friday was a relatively neutral day for the markets. $SPY officially closed the week at $402.33 down
−0.09 (0.022%) from the close on Wednesday, with an intraday positive movement of +0.12%. The movement was not substantial, but not much is expected from a half day.
Hopefully, you all capitalized on the general momentum in the markets and were able to realize a significant amount of gains last week.
$SPY FIVE MINUTE INTRADAY CHART 11/21-11/25
Thoughts & Comments for Today 11/28/2022
Today is going to be an interesting day for the markets. There is a significant amount of bearish momentum going into open at the moment with $SPY down approximately 1% from the close on Friday, but this will give us many opportunities to capitalize on.
Be on the lookout for $SPY at the $400 resistance level. With the momentum going into today, I personally am concerned in regards to how markets will trade today. I personally expect that there will be a significant amount of chop and volatility throughout the trading day.
There is a good chance of strong bullish momentum in the case we break and hold above the $400 resistance level on $SPY, but I personally would be extremely cautious during this time.
This is a good time to hedge your portfolio towards the downside. Only hedge positions you are nervous about for the short term, and don’t go too crazy with your hedge yet. In the case we reject $400 on $SPY and see continued bearish momentum, a hedge will minimize general losses significantly.
Your hedge will either loses money, and your positions go up, or your positions go down, and the hedges offset the incurred short-term losses. Either way, it is a wise move at the moment to hedge your allocations and start to sell off positions you are up on but are not confident with in the short term.
Please be careful in these current market conditions and practice safe risk management.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Friday was a relatively neutral day for the algorithms and the markets. Not many updates from the algorithm thankfully. Do not forget to respond to the market sentiment game everyday with the command /marketgame answer and guess how the market is going to move the next day. We are finalizing our first round of gameplay and it is a close race to finish this month up. Good luck to anyone participating and let’s kill it going into next month.
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: +0.12%
Our Results:
Variable Sector Neutral: +0.16%
Long Term Portfolio: +0.13%
Sector Neutral: +0.13%
Base Algorithm: +0.07%
Variable Market Neutral: +0.02%
Market Neutral: -0.07%
Today, due to the markets looking relatively weak going into open, we will be looking to allocate into FGI, our sector-neutral portfolio, for relative safety. This is not due to a lack of confidence in the algorithms but a general lack of confidence in the current market condition. We would rather be safe than sorry on a day like today.
Be on the look out, as there is a high probability of me cutting allocations early in the pilot.
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 11/28/2022
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 , $AMD , $META , $AAPL , $MSFT , $BABA
Free Equity List:
Safe - $SPY
Risky - $META , $AMZN , $RBLX , $BABA
Position Opportunities:
Look to allocate into strong equities that you anticipate holding until the end of the year
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($GOOG/L, $AMZN, $META)
Pick up broad market ETFs slowly ($SPY / $QQQ)
Sell short-dated CSPs with the intention of collecting premium on Friday
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Safe Play - $BA
Long-Term Speculative Play - $META
Short-Term Speculative Play - $RBLX
Economic News for 11/28/2022
MarketWatch interviews St. Louis Fed President James Bullard - 12 noon
Notable Earnings for 11/28/2022
Pre-Market Earnings:
Pinduoduo (PDD)
Huazhu Group (HTHT)
After-Market Earnings:
Arrowhead Pharmaceuticals (ARWR)
The AZEK Company (AZEK)
JOYY Inc (YY)
Wrap up
Overall, please just be smart and safe while trading today. There will be many opportunities to trade as well as many opportunities to get burnt on your allocations. Do not get burnt, and realize gains when given an opportunity to do so. This is not the time to be greedy, but this is the time to make smart allocations.
Pick up some general hedges on your portfolio and make sure to practice safe risk management.
Good luck trading today everyone and let’s make some bank!