HaiKhuu Daily Trading Report

Good morning, and happy Wednesday! Markets are up at the time of writing this report, and we have a significant amount of economic news that will make trading extremely difficult and inconsistent throughout the day. I hope you all are excited and prepared for both FOMC minutes to be released later today as well as PPI data coming out during the pre-market session. This is going to be an extremely fun time if you are actively trading, so take advantage of the opportunities that are presented to you, don’t be greedy, and look to realize as many gains as possible.

This should be a fun day for the markets with an extremely high likelihood of the markets making a new 52-week high.

Ride the momentum in the markets, make some smart decisions, and let’s have a great time.

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

The updated $SPY daily levels are as follows:
Conversion Line Support: $459.62
Baseline Support: $449.16
Strong Psychological Support: $450
Daily Cloud Support: $431.44

Thoughts & Comments from Yesterday, 12/12/2023

Yesterday was a great day for the markets. There was a significant amount of bullish momentum as $SPY continued to push new 52-week highs and provided us with an amazing opportunity to realize a significant amount of gains in the process. $SPY started the day down slightly from the previous close, opening at $461.61, below the previous close, but had a significant intraday movement that was extremely easy to ride and enjoy in the process.

We did watch as the markets dipped right at open, where $SPY went on to make the official low of the day trading at $460.61, but there was so much relative strength in the markets that in real-time, it was difficult to see the opportunity that was presented to us, but that was the time to load up.

Market momentum was extremely strong and consistent throughout the entire day. It felt relatively slow in the process, but it was an amazing day to simply ride the market momentum and kick your feet up as many organizations continued to pump and push throughout the entire trading day.

$SPY officially went green for the day around 10 am EST, and after $SPY that, there was just continued momentum in the markets that provided everyone with an extremely steady day to trade or simply hold equities and enjoy. It was difficult attempting to fight the momentum intraday, but there were opportunities. But simply following the market momentum and capitalizing on it was the move in hindsight.

The market momentum did slow down during the lunchtime lull, but despite the momentum not being extremely volatile, it continued in a beautiful bullish manner.

After lunch, $SPY continued to push new 52-week highs and rallied into the end of the day. Momentum was extremely strong, and the new 52-week high on $SPY was $464.20. This was an amazing opportunity in the markets and netted many traders with a significant amount of realized gains.

We ended the day with $SPY trading at $464.10, up $2.11 for the day, or up 0.46%, with an intraday bullish movement of +0.54%. I hope all of you traders were able to follow the momentum int he markets and realized a significant amount of gains in the process. It was difficult to realize any sort of losses in the process unless you attempted to fight the market momentum, but realistically, everyone should have had an amazing time trading yesterday.

Yesterday was an amazing day for the markets, and let’s see what happens in the markets today. Let’s see new 52-week highs and capitalize on the opportunities that are presented to us!

Thoughts & Comments for Today, 12/13/2023

Today should be a fun day for the markets. There is going to be a significant amount of volatility in the markets and some opportunities to trade the calm before the storm. We have PPI data coming out in the pre-market session that will impact the movement we see around the market open, but in reality, the movement we see in the pre-market session and around the open is not going to be significant in comparison to the FOMC’s decision on the interest rate.

Realistically, we should not see much movement around the interest rate movement as the consensus is retaining the same rates that we are at. We might see some movement once there is a confirmation of the rates remaining untouched, but realistically, we also have Jerome Powell speaking afterward. Depending on what his statements and sentiment are, that may impact the performance of the markets and the direction. I do not expect to see heavy bearish momentum as a result of either the interest rate decision or Jerome Powell speaking but just know that it is a realistic possibility and may happen.

I would continue to tread lightly on these market conditions, but do what you can to maximize your potential for realized gains where possible.

The best times to trade, in my opinion, for today is attempting to trade and following the momentum around the open. Looking for an opportunity to short once we have a confirmation of a reversal after the market open momentum starts to slow down around 10-11 am EST, riding a short position throughout the lunchtime lull, which will not net a significant amount of gains, but will provide an opportunity to trade while market momentum is slow, and attempt to trade and scalp the “recovery” going into the interest rate decision and riding the momentum of people attempting to buy back into the markets. Leading into 2 PM EST, I would not advise being overly bullish or bearish at that time, as we will see some large wicks that are built specifically to stop traders out, and will be extremely difficult to trade around that time. Please be cautious and careful if you are trading, and only trade if you are confident in trading that momentum and volatility or if you are a gambler trying to take on risk at a terrible time. Once the initial movement has happened, and we see a direction the markets want to go, wait for Jerome Powell to start speaking, and this will be an opportunity to play a reversal. Ride the momentum leading into his speech and watch the direction in the markets; by the time he has finished his statements and is taking questions, we start to see a volume shift and typically see a reversal in a trend. Once there is a confirmation of a reversal, look to follow that reversal into the close, setting a tight stop and following the general momentum in the markets.

Today is not a day to be greedy or take on a significant amount of risk. Lots of traders are going to get wiped out today by making dumb decisions or taking on more risk than they should in these market conditions.

Just continue to be smart, take on good positions, and practice safe risk management. This is not the time to be dumb. This is not the time to take on an irrational amount of risk. Do not get greedy, and just be safe.

For my personal allocations today, I do anticipate actively scalping and day trading when there is an opportunity to do so. I do not want to take on a significant amount of risk or exposure, but I do want to capitalize on the opportunities that are presented to us. I am expecting to see a significant amount of chop, and I am expecting to see many opportunities to trade in these market conditions. I will not be attempting to trade around the FOMC decision, but I will be looking to scalp around the JP speech. This is going to be a difficult day to trade with confidence, and I do not want to take on any positions I am not confident in today.

This should be an interesting time, though, for the markets, and just continue to consider opportunities that are available.

One position I do want you guys all to watch out for is $ORCL. The organization has taken a nosedive as a result of earnings. As a result of this, it is back on my personal watchlist and will be an organization that I will be attempting to trade and allocate into in the short term. I want to sell some CSPs as the premium is going to be nice, and simply wait for a bounce to either get out of those puts or I will get assigned and will be looking to sell covered calls at my cost basis and collect premium in the process. Just something I wanted to throw on your watchlist but not put too much weight on.

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

HaiKhuu Proprietary Algorithm Report:

Yesterday was an alright day for the markets. There was not a significant shift in the performance of all of the systems, but it is unfortunate that while $SPY is strong, there is an underperformance of both the long-term portfolio and the algorithm. It is tough seeing that the algorithm is underperforming both the long-term portfolio and $SPY, but on a larger timeframe, not on a day-to-day basis, I am still glad to see performance is up to standard.

The results of yesterday are as follows:

Baseline:

$SPY: +0.54%

Our Results:

Long Term Portfolio: +0.46%
Base Algorithm: +0.40%
Variable Sector Neutral: +0.39%
Sector Neutral: +0.20%
Variable Market Neutral: +0.09%
Market Neutral: -0.03%

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, $ORCL, $RIVN, $MSFT, $NVDA, $BA, $QS

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 12/13/2023

Producer Price Index - 8:30 AM ET
FOMC Interest Rate Decision - 2:00 PM
Fed Chairman Jerome Powell Press Conference - 2:30 PM ET

Notable Earnings for 12/13/2023

Pre-Market Earnings:

ABM Industries (ABM)
REV Group (REVG)
Cognyte (CGNT)
Photronics (PLAB)
QuantaSing Group (QSG)

After-Market Earnings:

Adobe (ADBE)
Amtech Systems (ASYS)
Nordson (NDSN)
MIND Technology (MIND)
Ocean Power Tech (OPTT)

Wrap up

Today should be an interesting day for the markets. We have some pre-market news that will impact the markets, but we have the FOMC decision on the interest rate coming out at 2 PM EST and Jerome Powell speaking at 2:30 PM EST. Expect to see some pre-market volatility and momentum that is followed up by a relatively slower day in the markets as people are sidelining themselves waiting in anticipation of the interest rate announcement. Watch out for when Jerome Powell is speaking, and prepare accordingly.

Follow the momentum, don’t trade when momentum is not favorable, and hope for the best.

Good luck trading today, and let’s see what happens!

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HaiKhuu Daily Report 12/13/2023