HaiKhuu Daily Report 12/15/2022
Good morning and happy Thursday, you beautiful traders! Hope you are well-rested and prepared for today. Markets have been tough over the previous couple of days. Do not get discouraged if you have incurred any realized or unrealized losses at this time, but continue to move forward and seize any opportunities to realize gains.
I am just being honest when I say this. The markets have been difficult to trade recently, mostly if you are inexperienced. But this is a great time to learn and build some strong hands in the markets and navigate the markets effectively and efficiently. Please do not give up if you have had a couple of bad trades over the previous months. Lots of organizations are undervalued at the moment, and as long as you can stay solvent while the markets are acting irrationally and learn in the process of remaining solvent when the market conditions shift, you will be in a great place.
Thoughts & Comments from 12/14/2022
Yesterday was a tough day that was full of many opportunities to trade. With FOMC and Jerome Powell speaking, the markets were extremely volatile.
Going into open, the markets were looking optimistic, with many organizations moving up from open. $SPY started the day trading at $401.59 and quickly moved up to make a high of the morning at $405 and rejected twice before coming down into the lunchtime lull. $SPY hovered around $404
The markets started to pick up as volume returned, with $SPY coming back up to $405 and making an official high of the day at $405.50. Markets were looking good, and then everything tanked. With FOMC minutes coming out stating there was a 50-Basis Point hike, the markets sold off, with $SPY making an official low of the day at $396.31. Once Jerome Powell started to speak, the markets recovered the majority of the incurred losses, with $SPY making a short-term high of around $403, and sold off once he left the stage. $SPY came back and tested $400 again and, unfortunately, was not able to hold that support level.
We ended the day with $SPY trading at 399.40 −2.56 (0.64%) with an intraday movement of -0.55%. That drop does not sound significant, but if you take into account the movement that was incurred intraday, you would be surprised. Hopefully, you all capitalized on the opportunities to realize gains and trade yesterday. It was a difficult day for the trade but presented us with many trading opportunities. Let’s continue to capitalize on the momentum in the market and make the most of these current market conditions!
$SPY ONE MINUTE INTRADAY CHART 12/14
Thoughts & Comments for Today 12/15/2022
Today with the markets located where they are, this will be a difficult day that will impact a significant amount of traders. It will be a choppy day that is hard to time and will trigger a lot of stop losses. Please be extremely careful while trading today and make sure that you are practicing safe risk management.
Going into market open, there is a significant amount of bearish momentum. This does not mean that there is no chance for us to move up, but it means the probability of it happening is lower. I would be careful attempting to allocate long here, but look to allocate into great organizations when this wave of selling has concluded.
Make sure to have cash set aside to purchase positions and hold them long, as well as actively capitalize on the general momentum while trading. There will be many opportunities to day trade and scalp while the markets are choppy, and as a result, lots of people will incur losses, and few will remain profitable. Make smart allocations, time your positions correctly and practice safe risk management. If you do all three, you will remain consistently profitable during this time.
Watch out for $SPY $390/$395/400, though. If we are not able to hold these levels, we are going to quickly rubberband and watch as $SPY comes back down to $390. In the case the markets move up, $400 will be the target resistance level. In the case we break above $400, it will be a great sign for the markets.
I personally will not be buying this first dip but will be actively trading during this time, but I will be looking to allocate in the markets when this selling is over in anticipation of the Christmas rally
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 and our algorithms, with the markets coming down significantly after FOMC, but despite the drop in the market, all of our systems outperformed the market & retain neutrality. It is a great feeling knowing with confidence that we will be able to outperform the markets, regardless of condition, is a phenomenal feeling. We exited the Pilot when given an opportunity to do so in the morning. So regardless of how the markets did, we were able to lock in profits and, as a result, outperformed $SPY by over 1%
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: -0.55%
Our Results:
Pilot: +0.60%
Market Neutral: +0.19%
Variable Market Neutral: +0.03%
Sector Neutral: -0.04%
Base Algorithm: -0.14%
Variable Sector Neutral: -0.16%
Long-Term Portfolio: -0.27%
Today, with the market conditions being uncertain, we will be allocated directly into the sector-neutral portfolio with the intention of holding this allocation until the end of the trading day. The position itself is not an aggressive allocation, but it is an allocation made for safety in the chance that the markets continue to sell off today. Please be cautious of general allocations today and make sure to practice safe risk management while trading.
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 12/15/2022
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 , $AI , $INTC, $BABA, $AMZN , $META , $AAPL , $MSFT
Free Equity List:
Safe - $SPY
Risky - $AI, $RBLX , $AMZN , $BABA
Position Opportunities:
Look to allocate into strong equities that you anticipate holding until the end of the year
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($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 12/15/2022
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Retail sales - 8:30 AM ET
Retail sales excluding motor vehicles - 8:30 AM ET
Empire state manufacturing index - 8:30 AM ET
Philadelphia Fed manufacturing index - 8:30 AM ET
Industrial production index - 9:15 AM ET
Capacity utilization rate - 9:15 AM ET
Business inventories - 10 AM ET
Notable Earnings for 12/15/2022
Pre-Market Earnings:
Jabil (JBL)
After-Market Earnings:
Adobe (ADBE)
Wrap up
Overall, be smart in these current market conditions, capitalize on the opportunities presented to you and look to get some general bearish allocations in your portfolio! Do not over-allocate in these market conditions, and be smart with your general positions. Wait to buy in the Christmas rally and seize the moment.
Good luck trading today, and let’s make some money today!