HaiKhuu Daily Report 12/06/2022
Good morning and happy Tuesday! Hope you all are doing alright after the sell-off yesterday. Hope you all have been listening to my warnings a previous couple of days, actively telling you all to watch out, sell some positions and hedge your portfolio accordingly. Be smart in these current market conditions and look to expand your allocations at this time with a stop set under major support levels.
Capitalize on the opportunities that are presented and realize some gains!
Thoughts & Comments from 12/05/2022
Yesterday was a tough day. With the markets selling off for the majority of the day, it was difficult to make any bullish allocations and force a play, but at the same time presented many opportunities to take strong bearish positions. With this movement down, we watched as $SPY and the majority of equities sold off with the market. $SPY opened the day above $403.91 and made a high of the day at $404.92. At 10 am EST when we had economic news, which resulted in the markets selling off and killing the bullish momentum we built up. Markets recovered from the losses and made an intraday high, trading at $404, before selling off again at 11:13 am EST. The markets continued to sell off for the rest of the day, with $SPY making an official low of the day at $398.18 before recovering slightly into close. $SPY ended the day trading at $399.59, down −$7.32 (1.80%), with an intraday loss of -1.08%.
It was a tough day for the markets but presented us with great opportunities to scalp and trade. It was a tough time for anyone who was trying to catch any bottoms. But allowed us to look towards allocating long.
C’est la vie, we will move on from a day like yesterday, and hopefully, you were able to capitalize on opportunities to trade and realize some gains in the process!
$SPY ONE MINUTE INTRADAY CHART 12/05
Thoughts & Comments for Today 12/06/2022
Today is going to be a coinflip of a day where you hope you are on the right side. $SPY is under $400, which is a bearish sign for the markets. But with $SPY testing this $400 support/resistance level, I expect there to be a good opportunity to go long in anticipation of a bounce on the markets.
This is a great opportunity to increase risk in your positions, but ultimately look towards whichever direction you’d want to allocate.
Going long here will be great in the case that $SPY is able to break back above $400 and move up accordingly, but going short here is also a great opportunity as $SPY has already broken below $400, and the sell-off can easily continue to the next major support levels.
I cannot tell you which direction to play as it is genuinely a coinflip on whichever the markets decide, but I can at least tell you on what my personal plans are for the next couple of days, and you can take it all with a grain of salt.
Ideally, I want to see $SPY break back above $400 and break out. I’ll be actively scalping in these current market conditions because the only two safe ways to make money in these current market conditions are to trade extremely quickly, IE, intraday trades / Scalps, or by investing in organizations with the intention of holding for multiple years. Either way is fine, but you have to be either extremely quick or have a long-term horizon. In the case that $SPY does not break $400, I will be scalping the majority of the time, but if given an opportunity to go long, I will slowly scale into any of those positions.
If you are attempting to go long, wait until there are better opportunities to invest and get strong allocations. This is not the worst opportunity to start to go long, but there will be significantly better times in the future. No need to jump the gun if you are waiting to allocate into strong positions.
With the markets in their current state;
Main Priority: Actively scalp trading and taking Free Equity on the majority of positions (Builds long-term exposure)
Don’t over trade & make sure to practice safe risk management
Wait for opportunities to go long major tech organizations intraday
Selling premium on high volatility stocks for passive income
Decreasing general holdings that I am not 100% confident in
Holding strong undervalued organizations that I have the intention of holding over the next 2-3-5 years
Having cash ready to invest in organizations when presented with good opportunities
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 markets, but despite this, all of our algorithms and systems beat the market by a sizable margin. We had two profitable neutral strategies, and our long strategies beat out the markets by 0.5-0.7%. With us picking up FGI, we were able to minimize losses significantly compared to the markets. Not the best day in terms of profitability, but we were able to beat out the markets by a large margin, so I would consider that a win!
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: -1.08%
Our Results:
Market Neutral: +0.43%
Variable Market Neutral: +0.04%
Sector Neutral: -0.23%
Base Algorithm: -0.35%
Variable Sector Neutral: -0.39%
Long-Term Portfolio: -0.48%
Today, due to the increased opportunities that will be available, we will be taking on an increased risk for today. We will be allocated directly into the base algorithm with the intention of holding throughout the day. Realistically though, if given an opportunity to realize a substantial amount of gains. I will do so and not look back. I intend for our exits to be just like the typical day, where we first exit laggards and let the winners continue to win until there is a shift in momentum to ultimately get us to cut our positions at what we perceive would be the top.
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 12/06/2022
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 , $BABA, $TSLA , $META , $AAPL, $MSFT , $BA, $GOOG/L
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 12/06/2022
Trade deficit - 8:30 AM ET
Notable Earnings for 12/06/2022
Pre-Market Earnings:
AutoZone (AZO)
Signet Jewelers Limited (SIG)
Couchbase (BASE)
J Jill Inc (JILL)
Conn's (CONN)
Alico (ALCO)
After-Market Earnings:
MongoDB (MDB)
Caseys General Stores (CASY)
Toll Brothers (TOL)
HealthEquity (HQY)
Smith & Wesson (SWBI)
SentinelOne (S)
AeroVironment (AVAV)
Sprinklr (CXM)
Dave & Buster's (PLAY)
Zuora (ZUO)
Wrap up
Overall, be smart with your allocations today. This is a great time to take on some extra exposure, but make sure to limit the amount of risk you are taking when trading. Set stops, realize some gains, and don’t get greedy in these market conditions. Take your wins and move on with your life.
Good luck trading today, and let’s make some bank!