HaiKhuu Daily Report 1/19/2023
Good morning and happy Thursday! I hope you all are feeling amazing this morning and are ready for what is going to be a disgusting time for the markets. Markets are down significantly from the relative highs, and we have only continued to sell throughout the entire pre-market session. $SPY has continually made new relative lows while writing this report, so I want to just urge general caution and again recommend practicing safe risk management.
Be smart during this process and realize some gains when given an opportunity to do so. Please be careful and do not over-allocate into the markets right now. There will be many trading opportunities today, but it will be relatively difficult to time them correctly.
Good luck trading today. We are going to need it.
Thoughts & Comments from 1/18/2023
Yesterday was a disgusting day for the markets. Going into market open, there was a great opportunity to realize a significant amount of gains with relative ease from buying the dip on Tuesday. $SPY opened the day, trending up at $398.94, and looked relatively strong until we tested $400. Once we touched $400, we were not able to hold that level as we quickly rejected $400 and started the relative downtrend of the markets.
This downtrend continued throughout the day as selling progressively got worst. The selling continued to make official lows of the day all the way until market close, where $SPY ended the day officially trading at $391.49 and the low of the day happening right before close at $391.28. $SPY officially dropped $6.28, or roughly 1.58%, with an intraday bearish movement of -1.88%
It was an extremely rough day for the markets after this reversal happened, but it gave us all opportunities to actively capitalize on the general momentum of the day. Whereas if you rode the bearish trend, you would have seen a beautiful return. Hopefully, you all were able to capitalize on the opportunities presented to us and were able to realize a significant amount of gains while actively trading.
$SPY ONE MINUTE INTRADAY CHART 1/18
Thoughts & Comments for Today 1/19/2023
Today will be an extremely interesting day for the markets, with a significant amount of bearish momentum going into open. There is a good opportunity that we see a reversal in the markets, but there is a good chance this selling momentum continues. Please be careful actively trading and watch out for opportunities to go long with relative confidence.
Do not attempt to catch a falling knife, as a falling knife has no handles. Wait until markets show relative strength and show a sign of reversal prior to entering and grabbing strong equity. If you are looking for a way to capitalize on the opportunities in the markets, look to actively sell CSPs on organizations that have been heavily hit over a previous couple of days and capitalize on the general momentum in the markets. Sell your positions highly OTM and make sure you are collecting enough premium that the position is worth the risks associated.
If you are actively trading, look to make quick scalps on technical support and do not look into extremely risky general allocations in the market, as today is not the day to try and gamble & have fun.
Set tight stops, be willing to take a loss and sit on your hands today and capitalize on the momentum in the markets.
I personally do not anticipate actively trading too heavily today. If anything, I will be looking to pick up solid equities with the intention of continually buying this relative dip and averaging down when necessary.
Please, please, please, be smart today, as a significant amount of traders will have a negative P/L day, and their emotions will get to them. Do not let those emotions get to you, nor overtrade to compensate for the losses.
Be logical and snip the allocations that are presented to you. Don’t get greedy, and be quick with your plays.
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 rough day for the algorithms, with the markets trending down extremely heavily. Thankfully we were able to dodge the general losses that would have been incurred yesterday by not allocating into the pilot for general safety. We are not happy with the results of yesterday, but we are at least confident enough to know when to simply not allocate due to general market conditions.
The results of yesterday are as follows:
Baseline:
The Market -1.88%
Our Results:
Sector Neutral -0.03%
Variable Sector Neutral -0.73%
Market Neutral -0.89%
Variable Market Neutral -1.44%
Long-Term Portfolio -2.15%
Base Algorithm -2.36%
As we are performing active testing on our portfolio, and it’s the general reaction to the current market conditions, we will not be making any allocations in the pilot both today and tomorrow. Please be aware of this and be careful. This is a great time to sit out due to market conditions, and we advise relative caution with all general positions in the algorithms until we have concluded our testing and publish our results.
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 1/19/2023
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 , $RBLX ,$AAPL , $MSFT , $BABA
Free Equity List:
Safe - $SPY
Risky - $TSLA , $RBLX , $AMZN , $GOOGL
Position Opportunities:
Sell CSPs on organizations with significant premiums but sell it extremely OTM where you will not get tested
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($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 1/19/2023
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Building permits (SAAR) - 8:30 AM ET
Housing starts (SAAR) - 8:30 AM ET
Philadelphia Fed manufacturing index - 8:30 AM ET
Fed Vice Chair Lael Brainard speaks - 1:15 PM ET
Notable Earnings for 1/19/2023
Pre-Market Earnings:
Comerica (CMA)
Fastenal (FAST)
Fifth Third Bancorp (FITB)
KeyCorp (KEY)
M&T Bank Corp (MTB)
Northern Trust Corp (NTRS)
Procter & Gamble (PG)
Truist Financial Corp (TFC)
TAL Education Group (TAL)
American Airlines (AAL)
After-Market Earnings:
Netflix (NFLX)
PPG Industries (PPG)
SVB Financial Group (SIVB)
Concentrix Corp (CNXC)
Bank OZK (OZK)
Independent Bank (INDB)
Banner Corp (BANR)
Wrap up
Overall, please just be safe while trading today. There will be many opportunities to trade and realize some gains, but at the same time, there will be many opportunities to get burnt and lose significantly more than you would have been able to gain. Look to sell some premium and capitalize on the opportunities that are presented to us.
Do not be dumb and realize gains when given a chance.
Good luck, and let’s make the most out of today!