HaiKhuu Daily Report 12/20/2022

Daily Report
Written By Allen Tran

Good morning and Happy Tuesday! Hope you all are well rested because the markets are looking tough at the moment. During the futures session, the markets continued to sell throughout the night, with $SPY reaching the point of down approximately 1%. It was interesting seeing this selling be bought back up by the time we woke up.

At the time of writing this report, $SPY is holding its closing price, trading at approximately $380. This is going to be an interesting day for the markets as we are at a point in the markets where we are either going to break out or sell off. Ideally, $SPY is able to hold this $380 level and move back up accordingly, but please be careful because in the case we sell off, this selling is going to be extreme into the end of the year. Be smart, be diligent and make the most out of any opportunities that are available.

Thoughts & Comments from 12/19/2022

Yesterday was a tough day for the markets, with there not being many opportunities to realize gains of any significance, but C’est la vie. $SPY opened the day trading at $383.41 but showed relative weakness. $SPY was actively testing $383.50 at open but was not able to hold that level, with the high of the day reaching $383.82.

After rejecting that $383.50 resistance level, markets sold off significantly and continued to chop around and sell off throughout the entire day.

With $SPY testing the $381 intraday support, we, unfortunately, were not able to hold those levels, and as a result, the markets went on to sell off even more. We went on to continue making lows of the day as $SPY sold off. We went on to make an official low of day trading at $378.29 and thankfully moved up slightly into close.

It was a rough day for the markets, with $SPY officially closing at $380.02, down −3.25 (0.85%) with an intraday movement of -0.9%.

Tough day with many opportunities to, unfortunately, get hurt, but a great opportunity for anyone who went short.

Hopefully, you all are ready for today and are excited to seize any opportunities that are available.

$SPY ONE MINUTE INTRADAY CHART 12/19

Thoughts & Comments for Today 12/20/2022

Today SHOULD be an interesting day for the markets. I personally expect that today will be extremely choppy while presenting us with many opportunities to trade. But expect that the majority of traders today will have a difficult time realizing any significant amount of gains today.

Please be on the lookout for $SPY $380 because, at this current state, we will either reject $380 and come down significantly or break above $380 and move up accordingly. I personally want the markets to move up accordingly, but for safety, I will recommend that everyone get strong allocations, but make sure you are hedged accordingly in the case that markets sell-off.

I am already in some risk equity positions & bullish contracts in the markets. Assuming we see a significant amount of selling today, I will take a loss on those allocations and remain in a relatively neutral portfolio but trade when the opportunities are present.

Please just be safe while trading today. Make sure you are practicing safe risk management and are hedged accordingly. Take advantage of opportunities to trade and realize some gains, don’t be greedy, and take free equity while you can. Free equity, over the course of time, will outperform the majority of portfolios, so build out your general market portfolio and have a fun time.

Be smart and have fun trading today!

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 rough day for the markets but a great day for the general algorithms. Despite the bearish sentiment in the markets, we were able to outperform and have all of our neutral strategies provide a positive return for the day. We did not allocate yesterday into the pilot, but it was a great move being able to dodge the general market returns of yesterday!

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: -0.9%

Our Results:

  • Market Neutral: +0.53%

  • Sector Neutral: +0.22%

  • Variable Market Neutral: +0.09%

  • Variable Sector Neutral: +0.06%

  • Long-Term Portfolio: -0.23%

  • Base Algorithm: -0.37%

Today we will be allocated into the Market Neutral portfolio for general safety in these current market conditions. Please be careful at this moment, and if you are allocating into any algo allocations for the day, that you are practicing safe risk management and limiting the amount of general exposure you have, and have hedges up against everything.

We may cut allocations early within the day, but just know we anticipate holding these positions through the entire 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 12/20/2022

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 , $AMZN , $GOOGL , $MSFT , $AAPL , $META
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 12/20/2022

  • Building permits (SAAR) - 8:30 AM ET

  • Housing starts (SAAR) - 8:30 AM ET

Notable Earnings for 12/20/2022

Pre-Market Earnings:

  • General Mills (GIS)

  • FactSet Research Systems (FDS)

  • FuelCell Energy (FCEL)

  • Embecta Corp (EMBC)

After-Market Earnings

  • Nike (NKE)

  • FedEx (FDX)

  • Worthington Industries (WOR)

  • BlackBerry Limited (BB)

  • Enerpac Tool Group  (EPAC)

Wrap up

Overall, please be safe with your allocations today and make sure you are practicing safe risk management to ensure you are hedging your portfolio for any future downside. Limit your exposure but look to start allocating into smart positions in the short term to maximize the possible returns you can create in these market conditions.

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

Allen Tran
Previous

Algorithm Data: 12/20/2022
Next

Algorithm Data: 12/19/2022