HaiKhuu Daily Report 12/09/2022
Good morning and happy Friday! Hope you all had a wonderful week with the HaiKhuu Trading community. This has been an extremely fruitful week for the markets, with lots of opportunities to actively trade and realize some significant gains!
Markets are trending up at the time of writing this report with strong bullish momentum. It would not be a surprise if $SPY reaches the $400 resistance level today. Please be on the lookout for opportunities to actively trade and realize some gains today, and do not forget to sell some 0-DTE CSPs today to collect premium on the capital you are not utilizing at the moment!
Thoughts & Comments from 12/08/2022
Yesterday was a tough day for the markets with a significant amount of chop. That chop brought many opportunities to actively trade and realize some significant gains, but at the same time, made it difficult as the markets were not actively trending in a single direction.
From open, the markets started moving significantly, with $SPY opening the day at $395.02, and quickly moving down and making a low of day at $393.47. After the markets slumped, we watched as $SPY was quickly bought back up to make a high of day at $397.36, before coming down and chopping around for the rest of the day.
After selling off, $SPY hovered around VWAP, constantly chopping around, resulting in opportunities to scalp both to the long side and to the downside.
With the markets moving up into close, it showed us mild strength in the markets with $SPY closing the day trading at 396.24 , up +3.08 (+0.78%), with an intraday movement of +0.28%
$SPY ONE MINUTE INTRADAY CHART 12/08
Thoughts & Comments for Today 12/09/2022
Today is showing significantly more confidence in the markets with $SPY trending up into market open today. I believe today will be a great day to follow the general momentum in the markets while actively day trading and scalping. There will be many opportunities for people to actively watch and allocate into the markets.
Depending on direction & current momentum, I would respect market conditions and actively capitalize on the opportunities that are present.
In the case $SPY moves up, look out for the $400 resistance level as we are quickly nearing it. If we are able to break through $400 with relative ease, that will be a bullish sign and confirmation for the markets.
In the case $SPY moves down, look out for the $395 support level on $SPY. This is max pain for the day which means there is a good chance market makers will cause the markets to sell off accordingly and we will watch as they attempt to get it to that level so the maximum amount of option contracts will be rendered worthless by close.
This may seem like a tight range, but both levels are major support and resistance lines for their own reason.
Please be careful while trading today, practice safe risk management, but capitalize on the opportunities that are presented to you.
As it is Friday, on top of actively trading, I will be recommending that everyone look to sell 0-DTE CSP’s right at open, and throughout the day to collect premium on capital that you are not fully utilizing.
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 great day for the algorithm despite the relative choppiness that was presented in the general markets. Our bullish allocations almost doubled the return of the general markets yesterday, so it was a great win for our system and our confidence in the algorithms. Hopefully you all capitalize on the opportunities and realize some gains in the process!
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: +0.28%
Our Results:
Base Algorithm: +0.64%
Variable Market Neutral: +0.57%
Long Term Portfolio: +0.54%
Variable Sector Neutral: +0.5%
Market Neutral: +0.43%
Sector Neutral: +0.1%
Today, with the markets looking interesting with economic data coming out prior to markets opening, there will be a significantly increased risk to allocating into the base algorithm. With that said, there is an increased potential for profits as well. We will be allocated directly to the base algorithm at open with the intention of actively cutting those positions throughout the day in an attempt to maximize the profit potential.
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 12/09/2022
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 12/09/2022
Producer price index final demand - 8:30 AM ET
UMich consumer sentiment index (early) - 10 AM ET
UMich 5-year inflation expectations (early) - 10 AM ET
Wholesale inventories revision - 10 AM ET
Notable Earnings for 12/09/2022
Pre-Market Earnings:
Li Auto Inc (LI)
Wrap up
Overall, please be smart and safe while trading today. Make sure to practice safe risk management and capitalize on selling some 0-DTE’s to capitalize on the premium expiration to realize some gains to enjoy the weekend!
Have a great weekend, everyone, and let’s make some bank trading today! Good luck!