HaiKhuu Daily Trading Report

Good morning and happy humpday you beautiful people! Hope you all are feeling amazing and hyped as a result of yesterday. Markets are remaining relatively neutral at the moment, and crypto has caught a bid at the bottom. Let's pray that the crypto selling is over because that has severely impacted the equity market, and make the most out of today!

Thoughts & Comments from 11/8/2022

Yesterday was an amazing yet extremely volatile day for the markets. Going into open, there was a significant amount of hype and bullish momentum to start out the day. $SPY opened the day at $381.05 but quickly sold off right after opening. $TSLA was dragging the markets down, and it has been confirmed that Elon sold approximately $4B worth of his shares.

$SPY broke the $380 support level for a brief moment prior to running and going absolutely insane.

Approximately 15 minutes after opening, when the markets were at their relative low, we watched as $SPY broke back above that $380 level and continued to rip and rally for the next hour and a half. $SPY went on to make a new high of the morning at $385.12 and looked extremely strong and confident. We were not able to break above $385 and actively tested it three times. On the third test, It had the relative strength, confidence, and buying that would have been able to break through that resistance level easily… until we got cryptocurrency news.

At approximately 1:10 pm EST, we got the news that Binance was going to purchase FTX.com, a failing cryptocurrency exchange. FTX Token went on to dive approximately 80% on that news and absolutely plummeted not only to the crypto markets but the general equities market too.

We saw $SPY go instantly from looking strong and about to break resistance to selling off instantaneously. $SPY went from $385 to $381 on that news and slightly recovered back up to $382.50 before rejecting VWAP and containing a massive sell-off. $SPY made an official low of the day after the second series of selling at $377.72, and things were looking terrible. The recovery of the equities market, though, came back in a V-shaped formation. After hitting that low and showing signs of reversal, the markets quickly rallied up, leading into power hour. We caught the bottom perfectly and watched as the markets recovered from the almost 2% drop.

$SPY made it back up to $384 during power hour before selling off into the close, and we ended the day at $382.00 on $SPY, recovering the majority of the losses incurred, and were able to close the day green! $SPY moved up $2.05 (0.54%) from the previous close with a positive intraday movement of +0.23%.

Absolutely insane day for the markets, and thankfully there was a quick recovery bringing us back above the $380 confidence level in the markets. Hopefully, you all were able to capitalize on the volatility and momentum of the markets yesterday and realize a significant amount of gains in the process!

Thoughts & Comments for Today 11/9/2022

Today is looking significantly less optimistic going into the open than previous days. $SPY is relatively neutral, with opportunities to break out or break down. Hopefully, we are able to break out and move up significantly in the process, but I would advise relative caution in the markets at this point. Markets are moving up ever so slightly at the time of writing this report, but it is not moving up enough to actively instill a significant amount of confidence to be extremely bullish.

Watch out for $SPY $380, as we are consistently hovering here, we will either see a breakdown with selling, causing $SPY to dip under $380, or we will see a significant amount of buying once markets open. It really is a genuine toss-up for whichever direction we go.

My opinion on how to tackle today is to look for opportunities to remain relatively passive while actively opening positions that you anticipate holding. Trading will be extremely difficult today as a result of significant chop in the markets. Don’t be greedy, and realize that any wins and profits you will generate today are wins and profits you did not have previously. Be smart with your plays, and do not get greedy in any way, shape or form. There will be a significant amount of opportunities to scalp throughout the day, but it will be tough actively day trading and attempting to time out the bottom.

If you are waiting for an opportunity to make a day trade, wait until we’ve hit a relative bottom with signs of a strong reversal prior to going long, or wait until we’ve hit a relative top with signs of weakness to go short.

Don’t FOMO into any plays today, don’t overtrade, and don’t let your emotions get to you!

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

HaiKhuu Proprietary Algorithm Report:

Yesterday was an interesting day for the markets, and as a result, the performance of the algorithms was altered significantly. Thankfully though, I was able to exit the pilot position prior to the markets selling off significantly, meaning we simply did not have to sustain ourselves throughout that massive dump and correction in the markets. A killer 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: +0.23%

Our Results:

Base Algorithm: +0.34%
Variable Market Neutral: +0.25%
Long-Term Portfolio: +0.04%
Variable Sector Neutral: +0.02%
Market Neutral: -0.01%
Sector Neutral: -0.33%

Today, due to the uncertainty of the markets, I will be looking to allocate directly to FGI, our sector-neutral portfolio. I have the intention of actively holding the whole position throughout the day without cutting any allocations early. In the case I am able to get above a 0.5% return on investment in the portfolio, though, I will look to actively cut the pilot accordingly and call it a day. Otherwise, expect that position to be held until market close!

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 , $RBLX , $BABA , $META , $TSLA , $GOOG/L , $AAPL , $MSFT
Free Equity List:

Safe - $SPY
Risky - $RBLX , $TSLA , $META

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 11/9/2022

New York Fed President John Williams speaks at Swiss National Bank event - 3 AM ET
Wholesale inventories (revision) - 10 AM ET
Richmond Fed President Tom Barkin speaks on outlook - 11 AM ET

Notable Earnings for 11/9/2022

Pre-Market Earnings:

Wolverine World Wide (WWW)
XPEL (XPEL)
Wendy's (WEN)
Vita Coco Company (COCO)
Trade Desk (TTD)
SeaWorld Entertainment (SEAS)
RumbleOn (RMBL)
Roblox (RBLX)
Canopy Growth (CGC)
D.R. Horton (DHI)

After-Market Earnings:

Coupang (CPNG)
Manulife Financial Corp (MFC)
Rivian Automotive (RIVN)
STERIS plc (STE)
Atmos Energy (ATO)
Fair Isaac Corporation (FICO)
Amerco (UHAL)
Unity (U)
RingCentral (RNG)
Jazz Pharma (JAZZ)

Wrap up

Overall, be smart while actively trading today, watch out for a break of $380 on $SPY, practice safe risk management and limit the amount of downside potential risk. Seize opportunities that are presented to you and attempt to remain profitable while trading today!

Good luck trading today, and let’s attempt to make the most out of today!

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HaiKhuu Daily Report 11/9/2022