HaiKhuu Daily Report 1/13/2023
Good morning and happy Friday! I hope you all are feeling great after all of the opportunities presented to us yesterday and realized some gains. There was a significant amount of volatility yesterday, and markets are coming down as I am writing this report. This is not a good sign going into market open, but it will give us many opportunities to actively day trade and go long.
Please be careful actively trading today but capitalize on the momentum when given an opportunity to do so, and go long general equities in the meantime. I am expecting a significant amount of bullish momentum next week, so buy strong equities when given an opportunity and realize some gains in the process.
With it being Friday, I do recommend selling 0-DTE CSPs on organizations with significant premiums going into the long weekend just to realize some gains going into this long weekend.
Just a reminder, markets are CLOSED on Monday for MLK day. I hope you all enjoy the day off. It will be the last day off until February 20th!
Thoughts & Comments from 1/12/2023
Yesterday was an interesting day. With major economic news coming out during the pre-market session, we saw a significant bullish movement leading into the release of the data, where we saw significant momentum in both directions, resulting in the markets. We made a pre-market low with $SPY trading at $392 and made a high trading at $398.78. The momentum and volatility during the pre-market session was significant and resulted in us having an extremely choppy day during the general trading hours.
Markets came down into open from the relative high, with $SPY opening the day trading at $396.63 and moving down almost instantaneously at open. $SPY went on to sell off for the majority of the first half hour of the trading day, making an official low of day trading at $392.42 and providing everyone with a great opportunity to actively trade and go long.
From the relative bottom, we had a quick V-shaped recovery, with the markets recovering all of the incurred losses of the sell-off, but it was consistently rejected at the resistance at the open price. It was a tough time to trade after this initial movement as markets were chopping around significantly, and it was difficult to time out any general allocations.
Going into the lunchtime session, we saw the markets move up substantially, breaking past the resistance and making an official high of the day trading at $398.48, slightly under the pre-market high. After making this high, the markets sold off rapidly and quickly went to being oversold as $SPY tested VWAP for the day and quickly recovered.
We ended the day with some bearish momentum after testing that relative high again and selling off into close.
$SPY sold off through power hour, resulting in the markets ending the day officially at $396.96, up +$1.44 (0.36%), with an intraday movement of up 0.07%.
It was a tough and extremely choppy day for the markets, with a significant amount of momentum in the markets. We watched as both the bulls and the bears were presented with many opportunities to trade. Hopefully, you all capitalized on the trades presented to you and realized some gains in the process!
$SPY ONE MINUTE INTRADAY CHART 1/12
Thoughts & Comments for Today 1/13/2023
Today, in my opinion, will be a tough day for the markets. While writing this report, we have seen a significant amount of bearish momentum going into open which will result in a loss of general optimism in the markets. Please be extremely careful while attempting to trade today and realize as many gains as possible as quickly as possible.
I will say that this does give us a great opportunity to go long and capitalize on the bullish momentum in the markets. With the markets coming down heavily going into open, we will be presented with many buying opportunities to get strong allocations for a cheap price and be able to capitalize on the general momentum in the markets. With next week being a shortened week, I am expecting a significant amount of general bullish momentum for us.
Some of the strong allocations I recommend you look into at the moment are $MSFT, $AAPL, and $NVDA. These are all fundamentally solid, higher-risk allocations, but it presents us all with an opportunity to be able to ride the wave and realize a significant return in a short period of time.
If you are scalping today, please be careful, as I am expecting a significant amount of volatility that will make it extremely difficult to trade.
Do not get emotional with your positions, and be logical with your general allocations. Practice safe risk management, and do not FOMO into any positions. I expect to watch as the markets chop around and lots of people, unfortunately, realize some losses.
Do not try and catch a falling knife, but look to allocate into general strong allocations to assure you are managing general risk and averaging in accordingly as a position is downtrending.
A recommendation I would have for today is to actively sell a significant amount of 0-dte CSPs at open on organizations that have dipped heavily going into open and close them as quickly as possible for 50-75% of their value in a short period of time. One recommendation I will have is to sell highly OTM contracts on $TSLA, as there will be a significant premium on these contracts.
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 algorithms, but at least it provided us with an opportunity to sit back, relax and watch as there were opportunities to actively scalp and trade throughout the day. C’est la vie, it was a good day to sit out from the general algorithms for safety.
The results of yesterday are as follows:
Baseline:
$SPY: +0.07%
Our Results:
Sector Neutral -0.14%
Long-Term Portfolio -0.26%
Variable Sector Neutral -0.31%
Base Algorithm -0.66%
Variable Market Neutral -0.67%
Market Neutral -0.70%
Today we have the same plans as yesterday. We will be sitting out of general allocations for safety to minimize the risks left on the table. I do not believe that today will be the best day for general allocations, as there is a significant bearish movement happening prior to opening. There is a chance that the markets move up and reverse accordingly, but realistically I do believe that there is a solid chance that the markets continue to sell off and everything does underperform general expectations.
Please be careful taking on any general bullish allocations in the algorithm today, and make sure to practice safe risk management with your allocations.
All positions will be disclosed prior to markets opening.
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.
Generated entries for 1/13/2023
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 , $TSLA, $GOOGL , $AMZN , $META , $AAPL , $MSFT , $BABA
Free Equity List:
Safe - $SPY
Risky - $TSLA , $RBLX , $AMZN , $GOOGL
Position Opportunities:
Sell 0-DTE CSPs on organizations with significant premiums but sell it extremely OTM where you will not get tested
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($GOOG/L & $AMZN)
Pick up broad market ETFs slowly ($SPY / $QQQ)
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Speculative Play - $META
Short-Term Risky Play - $TSLA
Short-Term Speculative Play - $RBLX
Economic News for 1/13/2023
Import price index - 8:30 AM ET
UMich consumer sentiment index (early) - 10 AM ET
UMich 1-year consumer inflation expectations - 10 AM ET
UMich 5-year consumer inflation expectations - 10 AM ET
Notable Earnings for 1/13/2023
Pre-Market Earnings:
UnitedHealth Group (UNH)
JP Morgan Chase (JPM)
Bank of America (BAC)
Wells Fargo (WFC)
BlackRock (BLK)
Citigroup (C)
Bank of New York Mellon (BK)
Delta Air Lines (DAL)
First Republic Bank (FRC)
Wrap up
Overall, please just be safe today with a significant amount of bearish momentum going into open. Capitalize on the opportunities that are presented to us, and realize some gains when given an opportunity to do so. Please just be smart, and do not over-allocate in the markets. Look to open general positions for next week when given an opportunity to do so. Take advantage of this bearish momentum and sell some 0-DTE CSP’s and allocate into strong positions for next week.
Again, don’t forget that Monday is off for MLK day!
Good luck today, and let’s make some bank!
Have a great weekend!