HaiKhuu Daily Trading Report

All I can say right now is WOW. I hope all of you traders are doing amazing and good morning morning everyone. $SPY has made a new 52-week high, and this has been some face-ripping market momentum. I hope you all have been realizing a significant amount of gains, as these market conditions are absolutely amazing. These good times are not here to stay, but they are here for now, so do what you can to realize as many gains as possible. We are continuing to inch closer and closer to $SPY’s all-time high, so prepare accordingly and ride this momentum, but watch out for possible downside risks here.

Look to take on risk in these market conditions to maximize your profit potential, but as always, practice safe risk management and have a great time in the process.

Don’t be dumb. Don’t be greedy, but let’s have an amazing time.

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

The updated $SPY daily levels are as follows:
Conversion Line Support: $463.28
Baseline Support: $452.83
Strong Psychological Support: $450
Daily Cloud Support: $431.44

Thoughts & Comments from Yesterday, 12/13/2023

Yesterday was one of the best days we’ve seen on an intraday basis in 2023, if not since 2021. Markets absolutely rallied on the FOMC’s decision not to increase rates and continued even higher when Jerome Powell was speaking. Shorts got absolutely slaughtered, and anyone who was riding the momentum had an absolutely amazing time in the process.

$SPY started the day relatively slow; there was not that much significant momentum in the markets around open, but $SPY did open up slightly green from the previous close. We started the day with $SPY trading at $464.47, looking relatively strong, with some solid momentum early in the morning that you could have easily capitalized on, and as expected, we did watch as market momentum slowed down and started to come down leading into both the lunchtime lull and leading into FOMC.

We watched as $SPY continued down into the early afternoon and watched as it made the official low of the day right before the announcement at $464.12, still green for the day, and was the last opportunity to allocate into the markets with confidence for the decision announcement.

Right at 2 PM EST was the time to be allocated to the markets and actively watching the market momentum, as $SPY instantly shot up and provided the markets with a genuine shock to the system as we rallied and pushed up to new 52-week highs on $SPY and continued to push up in the process.

Within the first minute, $SPY went from trading at $464.55 to shooting up to $465.79 and only continued to rally for the next hour as market momentum and sentiment shot through the roof, providing the markets with a significant amount of confidence.

There were no good opportunities to short on the way up, as $SPY continued to fake out shorts, and $SPY went on to make the official high of the day and the new 52-week high trading at $470.75, up significantly from open, and up even more from the relative bottom from the beginning of November.

We did see a quick snap back in the markets after making the high of the day as momentum slowed down, but the losses that were generated in the shorts on the way up were not made back, as the markets dropped roughly $2 from the top, and anyone that was short and held the position too long, continued to get slaughtered as $SPY did quickly recover back into close.

The day ended with $SPY trading at $470.50, up $6.40 for the day, or up approximately 1.38%, with an intraday bullish movement of +1.29%. It was genuinely an amazing day for the markets that made it extremely difficult to lose, mostly if you were long general organizations.

It is interesting seeing that organizations like $MSFT, $GOOGL, and $META underperformed yesterday in comparison to the performance of the markets, but outside of that, everyone, and I genuinely mean everyone, should have been able to generate a significant amount of both realized and unrealized gains yesterday.

I personally hope that you all enjoyed the market momentum of yesterday and had an amazing time watching that happen in real-time.

Let’s see what the markets have in store for us today, let’s see a new 52-week high on $SPY, and let’s see a new all time high on $SPY soon.

Thoughts & Comments for Today, 12/14/2023

Today should be another extremely fun day for the markets. I am expecting to see new 52-week highs in the markets be officially hit, and there is an extremely high likelihood of $SPY hitting an all time high. $SPY is looking extremely strong right now, and we are at a place of extreme confidence in the markets. I would not suggest you be overly bullish and take on a significant amount of risk in these current market conditions, but I would highly recommend considering the opportunities that are available to us right now and looking to capitalize on the opportunities that are here. There is a significant amount of strength in the markets, which is an amazing feeling, but you have to consider the location that we are in and tread lightly to protect yourself.

I would suggest attempting to take on risks in these market conditions, as the individuals who take on risk and going to be rewarded heavily, assuming you allocate accordingly, but as always, practice safe risk management and limit your downside risk, as the people who take on a significant amount of risk in these conditions, assuming you are incorrect, will be severely punished.

Follow the momentum in the markets, don’t fight any trends, and ride the opportunities that are in the markets.

We realistically do need to see the markets come down to some level of support in the short term as a sign of confidence before we continue to move up, but these market conditions are very unrealistic and at a point where we are expecting to see continued movement up.

The markets are starting to edge towards the upper end of greed on the fear and greed index, and assuming conditions continue to look strong, it would not surprise me if we reach all-time highs on $SPY and continue to trend in extreme greed in the short term.

Consider taking profits on the positions that you are up heavily on because, as I have been saying, these conditions are not going to last realistically, but they are here for now. It is wise to take off some allocations at these highs, but if your position continues to look extremely strong, ride the momentum in the markets, but at least set a stop in guaranteed profit under its major support.

For my personal allocations today, I will look to scalp and trade where I see an opportunity to do so, but I am personally very cautious about wanting to enter into anything long at this point. If I do find something that does peak my interest, I will let you all know. One position that I did add yesterday was a long allocation in $GIS. They are showing strength here above the daily cloud support and are displaying bullish signals that provided me with enough confidence to enter despite being down roughly 25% from the peak. There is a lot of potential in this organization, and it is fundamentally solid. You can easily capitalize on this opportunity with confidence and know that there is only little downside risk with this organization. The initial entry was set at $67.08, and I do not anticipate adding more at a higher price, but if we do see a drop in the markets and $GIS comes back down to support, I will look to double my allocation soon.

Just continue to practice safe risk management in these conditions, look to maximize your gains when you are given an opportunity to do so, and do not get greedy in these market conditions. Know when to walk away even when you are on a hot streak because, at the end of the day. A win is a win, and you cannot be upset when you are realizing gains. You may have missed out on an opportunity, but a secured win and watching a missed opportunity are a lot better than realizing losses despite having an opportunity to secure a nice win.

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 amazing day for both the algorithm and the long-term portfolio. Both outperformed $SPY by a significant margin and I am extremely happy seeing the results of yesterday. The gains generated yesterday provide a significant amount of confidence, mostly with the results coming back so strong, but we should wait to see continued performance of this caliber in these strong market conditions before ultimately making any decisions based on one day of results. The algorithm had an amazing day, and we cannot discount that for any reason.

The results of yesterday are as follows:

Baseline:

$SPY: +1.29%

Our Results:

Base Algorithm: +2.0%
Long-Term Portfolio: +1.44%
Variable Market Neutral: +1.3%
Variable Sector Neutral: +0.75%
Market Neutral: +0.71%
Sector Neutral: -0.06%

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, $GIS, $F, $RIVN, $COST, $QS, $AAPL, $NVDA, $MSFT

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 12/14/2023

Initial Jobless Claims - 8:30 AM ET
Import Price Index - 8:30 AM ET
Retail Sales - 8:30 AM ET
Philadelphia Fed Manufacturing Survey - 8:30 AM ET
Business Inventories - 10:00 AM ET

Notable Earnings for 12/14/2023

Pre-Market Earnings:

Jabil (JBL)
KNOT Offshore Partners (KNOP)
Yunji (YJ)

After-Market Earnings:

Costco (COST)
Lennar (LEN)
Quanex Building Products (NX)

Wrap up

This is going to be an amazing time for the markets with many great opportunities to trade. Make sure to practice safe risk management at these levels and do not be irrational, but this is the time to take on some extra risk that you are willing to endure to maximize the potential you have for realized gains. Be smart, be safe, but take advantage of the good times in the markets right now. These times are not here to stay, but they are here for now, so enjoy it while you can, realize some gains, and do not get greedy. Be careful and tread lightly, but have a great time

Good luck trading today, and let’s see a new 52-week high!

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HaiKhuu Daily Report 12/14/2023