HaiKhuu Daily Report 12/02/2022
Good morning and happy Friday! Hope you all are well-rested and ready to trade today. Markets are looking relatively neutral at the time of writing this report. With the markets wrapping up for the week, there will be many opportunities to actively scalp and trade today, so seize the opportunities that are available and realize some gains while trading today!
Thoughts & Comments from 12/01/2022
Yesterday was, unfortunately, a tough day for the markets. With the markets looking strong going into open, it seemed that we would have many opportunities to trade and that we could realize a significant amount of gains with relative ease. $SPY opened the day up at $408.81 and showed relative strength right away. With the markets trending up, we pushed to make a relative high above $409.50 prior to economic news being released. Right at 10 am EST, we got economic news which caused us to quickly pump up, and $SPY hit $410 before quickly plummeting down. Markets quickly dropped over 1% on that news, and $SPY made an official low of the day at $404.75 and killing off any momentum we had for the day.
Markets slowly chopped and trended up into close, but despite this positive movement from the relative bottom, we were not able to reclaim any of the gains incurred by close the day prior. $SPY ended the day trading at $407.38, down −0.30 (0.074%) with an intraday movement of -0.34%.
Despite the relatively neutral day-to-day movement on the markets, if you look at the intraday movement, we saw a significant amount of momentum in the markets. With a 5.25 movement from high to low on $SPY, happening in the span of 30 minutes of continual selling, you’d be surprised to see that the day-to-day movement was only -0.074%.
C’est la vie, we will move on from yesterday and seize the opportunities that are presented to us today!
$SPY ONE MINUTE INTRADAY CHART 12/01
Thoughts & Comments for Today 12/02/2022
Today should be an interesting day for the markets, with lots of opportunities to actively trade and the potential to realize some significant gains. Despite this optimism, please just be smart while trading today, as I am expecting a significant amount of chop and people to get burnt through the morning while trading.
The smartest allocation today, in my opinion, is to sell some 0DTE CSPs right at open and collect a significant amount of premium in a short amount of time and take profit quickly.
Take advantage of the general momentum in the markets, as well as the low price of equities.
Allocate into strong equities and hold for the next couple of days until the markets recover. Find some fundamentally solid organizations you can invest in and hold with relative confidence. I am looking to purchase some $BABA, $AAPL, and $MSFT in the short term for a swing trade.
Be smart today, don’t over-allocate, and be smart with your general positions. I personally will not be trading as much as a result of the drop this morning, and I recommend you all follow suit and do not overtrade today.
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, unfortunately. Our general neutral strategies did alright and outperformed the markets, but our long-term portfolio and base algorithm did not perform up to standards with our allocations throughout the day, which resulted in them getting beat by $SPY. It is nothing we are overly concerned about but is something we are aware of. We will move on from yesterday with relative ease and hope for better results today.
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: -0.34%
Our Results:
Sector Neutral: -0.13%
Market Neutral: -0.29%
Variable Sector Neutral: -0.52%
Variable Market Neutral: -0.55%
Long Term Portfolio: -0.55%
Base Algorithm: -0.7%
Today, we will be looking to allocate directly into the base algorithm with the intention of cutting all allocations relatively early within the day when given an opportunity to realize some gains. We do not anticipate generating a significant amount of gains today but are looking to capitalize on the opportunities that are presented to us.
Please be on the lookout for when we ultimately cut our allocations for the day.
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 12/02/2022
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 12/02/2022
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, 25 to 54-year-olds - 8:30 AM ET
Notable Earnings for 12/02/2022
Pre-Market Earnings:
Cracker Barrel (CBRL)
Genesco (GCO)
Ehang Holding (EH)
Kirkland's (KIRK)
Wrap up
Overall, please be smart as there will be many opportunities to get burnt throughout the day as a result of significant chop, but despite this, seize the opportunities that are presented to you and realize some gains when possible. Do not over-trade today, and do not force any positions. Relax and enjoy today, make the most out of what is possible, and have a great weekend!
Good luck trading today, and let’s make some bank!