HaiKhuu Daily Trading Report

Good morning and happy Friday traders! Hope you are all well-rested and ready for the weekend! This has been an extremely quick week for the markets and has been an absolutely intense week. There has been a significant amount of momentum both on the bullish and the bearish side, so I hope you are all able to realize gains in the process and have a lot of fun trading. Pre-market is looking great at the moment, so hopefully, this momentum is able to sustain itself throughout the rest of the day!

Thoughts & Comments from 11/3/2022

Yesterday was an actually extremely volatile day despite the relative lack of movement from open to close. $SPY opened the day trading at $371.40 and moved down quickly to test the $370 support level. After testing that level once, markets moved back up ever so slightly to a little above $372 prior to coming back down, breaking that support level and continuously making new lows of the day. $SPY ended up making a low of the morning at $368.79 and thankfully moved back up accordingly. The wicks at the bottom were extremely interesting, and it was clear that the market makers were having fun in an attempt to hunt stop losses in the process. After people got stopped out at the bottom, though, the markets went on an absolute tear for the next hour. $SPY made a relative high while testing $373.50 before rejecting and coming back down to VWAP.

After testing VWAP twice, the markets moved up again and made an intraday high of $374.20. The movement up was beautiful before $SPY came down and ultimately tested VWAP again. The rest of the day was choppy after hitting VWAP until the last half hour. After chopping around, at 3:30 pm EST, the markets sold off significantly into close, going from $373.25 to $371.

$SPY ended the day right above the $370 support level, officially closing at $371.01, down −3.86 (1.03%) from the day prior with an intraday movement of -0.12% from open.

The overall intraday movement does not seem significant at all, being only down -0.12%. Still, if you look at the movement that happened intraday, you’ll see that it was a volatile day with a significant amount of momentum happening both to the bullish and bearish side.

Hopefully, you all were able to capitalize on the momentum and realize some gains trading yesterday and had some fun in the process!

Thoughts & Comments for Today 11/4/2022

Today with the markets actively trending up, there is a significant amount of bullish momentum going into open, which is a win for us. Ideally, this trend continues to move up accordingly. I will advise being cautious today as a result of yesterday and the previous day. There is the potential to sell off, I believe that this potential is relatively lower than previously, but it is still a real possibility. Please watch out for $SPY $370 or any potential news that could come out and actively impact the markets. In the case that $SPY breaks below $370, do not attempt to catch the bottom, as there will be a significant amount of selling happening.

Despite this warning, due to the bullish momentum, I am confident that there will be many opportunities to trade both to the bull side and the bear side today, as I am expecting a significant amount of intraday chop, at the same time, please be safe and make sure not to get chopped out of your positions. Capitalize on the volatility that is present and actively assure that you are practicing safe risk management.

As it is Friday, I will recommend you look into selling some 0DTE CSPs to capitalize on the volatility. The one organization I am looking to sell CSPs on at open is $PYPL due to the increased premium due to a terrible response to their earnings yesterday. I am looking to sell the 65 strike and close out that position as soon as possible for as much premium as possible, ideally collecting at least 50-75%. In the case the premium collection is significant, I will also look to add free equity in that position.

Do not get greedy today because this is not the condition to be greedy. Realize the short-term gains while you can, and let your long-term plays continue to do their thing. Bulls will make money today, bears will make money today, but the pigs ultimately get slaughtered.

Have fun trading today and realize some gains.

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

HaiKhuu Proprietary Algorithm Report:

Yesterday despite the insanity in the markets, the algorithms and the pilot did phenomenally. With a significant amount of momentum impacting the markets, we were able to generate profits across the board. Only one system, unfortunately, did not perform well (VSN), but everything else did great. Our market-neutral strategies generated a significant amount of profit while our general bullish strategies continued to work as expected. An absolute win for the algorithms and a win for the pilot!

If you want to read more in-depth about the performance of all of our algorithms, please check out Asher’s report HERE.

The results of yesterday are as follows:

Baseline:

$SPY: -0.12%

Our Results:

Market Neutral: +0.55%
Variable Market Neutral: +0.33%
Base Algorithm: +0.2%
Long-Term Portfolio: +0.12%
Sector Neutral: +0.08%
Variable Sector Neutral: -0.4%

Today, due to the bullish momentum in the markets, I will be looking to allocate directly into Vlad’s long-term portfolio again. This is still due to technical analysis being iffy at the moment as a result of Wednesday. There are still opportunities to allocate directly into the base algorithm, and I am confident that technicals have corrected themselves by now. Still, I would rather be safe than sorry in these conditions.

All algorithms are still valid at the moment and should be considered, but this is just a safety measure we are taking to minimize general risk.

Be on the look out for when I look to exit all of the algorithm positions early, as there is a solid chance that I ultimately end up exiting positions early to minimize general risk and exposure and to secure gains going into the weekend.

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.

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 , $AMZN , $BABA , $AAPL , $MSFT , $META , $GOOG/L , $GAIN
Free Equity List:

Safe - $SPY
Risky - $AMZN, $AI , $QS , $RBLX

Swing Opportunities:

HOLD the strong equity positions you’ve picked up over the previous couple of weeks on the markets
Pick up some long-dated calls on positions you are extremely bullish in
Sell short-dated CSPs on positions you are comfortable getting assigned.

LONG OPPORTUNITIES:

Long-Term Dividend - $GAIN
Long-Term Safe Play - $BA
Long-Term Speculative Play - $META
Short-Term Speculative Play - $RBLX

Economic News for 11/4/2022

Nonfarm payrolls (level change) - 8:30 AM ET
Unemployment rate - 8:30 AM ET
Average hourly earnings - 8:30 AM ET
Labor-force participation rate, ages 25-54 - 8:30 AM ET

Notable Earnings for 11/4/2022

Pre-Market Earnings:

Enbridge (ENB)
Duke Energy (DUK)
Dominion Energy (D)
Hershey Company (HSY)
Cardinal Health (CAH)
PPL Corp (PPL)
Evergy Inc (EVRG)
Vistra Corp (VST)
Cboe Global Markets (CBOE)
DraftKings (DKNG)

Wrap up

Overall, please just be smart and safe while trading today. There will be many opportunities to realize some gains. Just watch out for the chop, don’t FOMO back into any plays or let emotions get the best of you, and don’t get greedy. Take your profits and enjoy them this weekend. Bulls will make money today, bears will make money today and pigs will get slaughtered.

Good luck trading today everyone, and have a phenomenal weekend!

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HaiKhuu Daily Report 11/4/2022