HaiKhuu Daily Trading Report

Good morning, and happy Tuesday! Markets are continuing up as markets are looking extremely strong. $SPY has made a new 52-week high, and we are displaying significant strength in the process. This has been an amazing time, and I hope you all have been enjoying this process. We do have economic data coming out during the pre-market session, which will highly impact the overall sentiment in these market conditions, so let’s see what happens when CPI comes out. Follow the market momentum and make smart decisions. Tread lightly on these market conditions, maximize your potential to realize gains, and practice safe risk management.

This is an amazing time to trade and participate in the markets, so do what you can to make the most out of the opportunities that are presented to us.

Good luck trading today, and let’s make some bank!

The updated $SPY daily levels are as follows:
Conversion Line Support: $458.16
Baseline Support: $448.19
Strong Psychological Support: $450
Daily Cloud Support: $431.44

Thoughts & Comments from Yesterday, 12/11/2023

Yesterday was an amazing day for the markets. All three indices made a new 52-week high, and there has been continued strength. Everything across the board moved up beautifully throughout the day despite many of these mega-caps being red. It was an amazing day not only for trading but also for having exposure in the general markets. It was an amazing day to trade, and I hope you all had a great time in the process.

$SPY started the day looking relatively neutral. We opened slightly red, with $SPY opening at $459.71, down from the previous close of $460.20. The bearish movement was nothing of any major significance, and there was a significant amount of strength throughout the entire day. $SPY just continued to move up and slowly chopped around, making it difficult to capitalize on the movements if you were attempting to scalp quickly. Still, if you entered into a day trade and held throughout the day, you would have had a phenomenal time.

We did watch as $SPY made a relative high, trading around $461 around the lunchtime lull, testing the 52-week high, but we did watch as the momentum slowed down into lunch, providing us with another amazing opportunity to allocate into the markets on what was the only “dip” throughout the day, and watched as the markets rallied beautifully throughout the afternoon.

There was no stopping the slow but beautiful momentum in the markets as $SPY continued to push new 52-week highs into the end of the day.

The momentum was slow, and it was difficult to trade, but these conditions have been absolutely amazing to have exposure in or attempt to trade.

We ended the day with $SPY making a new 52-week high into close, trading at $462.16, and $SPY officially ending the day trading at $461.99, up $1.79 from the previous close on Friday, or up approximately 0.4%, with an intraday bullish movement of +0.5%. It was an amazing day for the markets that provided us with many phenomenal opportunities to trade and realize gains in the process.

I hope you all were able to have fun and realize a significant amount of gains in the process. It was a great day trading yesterday, and let’s see if we continue to hit 52-week highs today!

Thoughts & Comments for Today, 12/12/2023

Today should be an interesting time for the markets. With the current sentiment in the markets, we can see a significant movement in either direction, but it is just a matter of the result of the news that comes out during the pre-market session. I am expecting to see CPI heavily impact the markets, but it is a matter of the direction that is selected. If we see bullish momentum as a result of this, we will see new 52-week highs and continued strength, while if the markets come down, just continue to watch out for the conversion line support.

As I have been saying, do not be overly bullish or bearish in these market conditions, but it is very difficult not to be extremely bullish as the markets are continuing to push, and the fact that we are continuing to hit new 52-week highs, and are within testing range of the $SPY all-time high. Just continue to tread lightly and be diligent with your positioning in the markets.

There will always be great opportunities to allocate, but this is just an extremely difficult time to allocate long into organizations that have already moved up heavily over the previous couple of weeks. If you are looking to capitalize on the short-term opportunity and momentum in the markets, I would suggest you look into organizations that have underperformed while the markets have been tearing it up, and if you are looking to scalp in the short term, look to take on some risk and allocate into some more of the higher beta, higher risk allocations that will move heavier in a short period of time.

Scalping and day trading will be difficult to do with confidence, but there are so many better opportunities allocating into the markets via day trading than attempting to justify entry into an organization like $NVDA at these highs.

If the markets come down, just watch out for the conversion line support before attempting to become overly bearish. There are many great opportunities to capitalize on this market momentum. Just continue to do it confidently while you can, mostly as market conditions look strong. Consider getting some bearish exposure as it is extremely cheap, but do not be overly bearish, mostly as $SPY is continuing to push.

For my personal allocations today, I am looking to actively scalp and day trade where I see opportunities to do so. I do not have many plans on attempting to allocate heavy in an attempt to capitalize on any sort of larger movement, but I am looking to capitalize on the short-term momentum and opportunity to realize gains while I can. Ideally, we are able to see a nice dip in the markets that I can buy into and ride the intraday momentum where possible, but if conditions are not looking favorable, I will look to sit on the sidelines until I have the confidence to allocate.

Just continue to tread lightly on these market conditions and protect your bottom line. Don’t get greedy, but take advantage of this market momentum and realize gains while you can!

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

HaiKhuu Proprietary Algorithm Report:

Yesterday was just an alright day for the algorithm. I am happy to see that the long-term portfolio outperformed $SPY by a nice margin, but I am not excited seeing that, despite this, the base algorithm underperformed by a slight margin. The losses were nothing of any major significance, but it is just unfortunate to see that the long-term portfolio did well while the algorithm underperformed.

The results of yesterday are as follows:

Baseline:

$SPY: +0.5%

Our Results:

Long Term Portfolio: +0.67%
Variable Sector Neutral: +0.48%
Base Algorithm: +0.33%
Variable Market Neutral: +0.16%
Sector Neutral: +0.09%
Market Neutral: -0.04%

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.

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, $RIVN, $MSFT, $NVDA, $BA, $QS, $F

Position Opportunities:

Trade the market momentum
Take profit on positions
Limit your downside risk
Hedge your positions
Consider getting bearish exposure

LONG OPPORTUNITIES:

Long-Term Dividend - $GAIN / $JEPI
Long-Term Investment - $KO
Long-Term Auto Sector - $F
Speculative Re-Entry - $DIS / $RIVN

Economic News for 12/12/2023

Consumer Price Index - 8:30 AM ET
Monthly US Federal Budget - 8:30 AM ET

Notable Earnings for 12/12/2023

Pre-Market Earnings:

Johnson Controls (JCI)

After-Market Earnings:

Mama’s Creations (MAMA)
EMCORE (EMKR)
System1 (SST)

Wrap up

This should be a fun day for the markets, following the momentum as a result of the economic news & CPI coming out during the pre-market session, as this will be the sentiment and judgment for the direction of the markets today. We should be able to have a great time capitalizing on market momentum, but it is just a matter of whether the momentum is going to be maintained today and which direction is ultimately decided on. Practice safe risk management and look to maximize your potential for realized gains.

Prepare for the worst, but let’s all hope for the best.

Good luck trading today, and let’s see what the markets have in store for us today!

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HaiKhuu Daily Report 12/12/2023