HaiKhuu Daily Report 12/21/2022
Good morning and happy Wednesday! This week has flown by! Don’t forget to pick up your last-minute Christmas gifts while you have an opportunity to do so! The markets have been extremely choppy over the previous couple of trading days. Hope you all are doing well and are able to capitalize on the momentum in the markets. Let’s make the most out of the opportunities that are available to us and realize some gains in the process.
Markets are looking strong going into open at the time of writing this report. Let's keep this momentum up and seize any opportunities available to us!
Thoughts & Comments from 12/20/2022
Yesterday was an interesting day for the markets that presented us with significant chop in the market, allowing us many opportunities to actively trade and realize a significant amount of gains in the short term. With the general momentum in the day being slightly bullish, there were great opportunities to realize some gains.
Right from open, $SPY moved up and showed relative strength in the markets. $SPY started the day trading at $379.28 before moving up and making a relative high of day trading at $379.75, which looked strong. After making the first high of the day, though, we watched as $SPY sold off to make the official low of the day, trading at 377.86. The markets were looking rough, with $SPY trading around lower VWAP, but it was a great opportunity to go long in the markets. After the movement down in the markets, we watched as there was a significant amount of purchasing as the markets ripped from the low of the day, making the first high of the day trading slightly above $382.
After the momentum of that bullish run ended, we watched as $SPY chopped around and then sold off, reaching VWAP with relative ease and continual selling throughout the entire morning. During the sell-off, we tested $380 and unfortunately broke below that level and continued to sell, making a low right below $379.
We bounced from that relative low and chopped around until we made an official high of the day, trading at $382.23 before ultimately selling off going into power hour.
Markets remained relatively stagnant, with $SPY closing the day right at VWAP, showing that there is relative strength at these levels but also that there will be many opportunities that will be presented to us in the short term. $SPY ended the day trading at $380.54, up +0.52 (0.14%) with an intraday movement of +0.35%. It was a great day for the markets, with many opportunities to trade. The markets would have been up significantly more if $TSLA did not sell off to the point that it did as $TSLA dropped 8% intraday, going from $146.05 at open to closing the day and making a new 52-week low.
Hopefully, you all were able to capitalize on the opportunities present, capitalized on the momentum in the markets, and realized some gains in the process!
$SPY ONE MINUTE INTRADAY CHART 12/20
Thoughts & Comments for Today 12/21/2022
Today is going to be an interesting day for the markets. At the time of writing this report, there has been a significant amount of bullish momentum in the pre-market session. With $SPY actively trading up for the morning, it is presenting us with many opportunities to trade to the bull side. Please capitalize on the opportunities that are presented at the moment and realize some gains in the process of everything. There will be an increased risk by trading without any general hedges in your portfolio today, but attempt to maximize the opportunities that are presented to us.
I will be looking to actively trade a significant amount of high-risk tech organizations today. I personally will not recommend this to the majority of traders, but we will be presented with some great opportunities today to increase both profit potential and loss potential. Assuming you are able to time out your positions accordingly, then you will be able to realize a significant amount of gains, but in the case that you are wrong, make sure you are limiting the amount of downside potential and set stop losses.
Trades will get emotional today, do not FOMO into any trades, and do not let your emotions get to you in the process of everything. Be smart with your allocations and limit the amount of downside risk potential you are taking today. If you lose on a trade, move on from the trade and capitalize on other opportunities in the markets. If you need, go outside and take a breathe of fresh air to mentally reset before attempting to trade again.
Again, DO NOT OVER TRADE TODAY.
Capitalize on the opportunities that are present, limit the amount of risk you are taking and practice safe risk management while 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 algorithms despite the overall bullish sentiment in the markets. All of the algorithms unfortunately underperformed, but one day’s performance thankfully does not change any general sentiment for our systems, nor is it a good predictor of overall success. C’est la vie. It’s not the worst day for the algorithm, so we cannot complain at all! We will move on from this accordingly and assume the best with everything.
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: +0.35%
Our Results:
Base Algorithm: +0.13%
Long-Term Portfolio: +0.06%
Variable Sector Neutral: +0.05%
Sector Neutral: -0.03%
Variable Market Neutral: -0.09%
Market Neutral: -0.2%
Today, we will be allocated in the base algorithm with the intention of cutting all of our positions early in anticipation that we will see some great bullish momentum. Once the momentum slows down and shows possible signs of reversal, we will look to exit all positions and realize some gains in the process. We will start by cutting laggards and let the runners run prior to cutting them when there are signs to take profit on the whole portfolio.
Please be careful and make sure that you are practicing safe risk management with any algorithmic allocations for the 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 12/21/2022
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 , $TSLA , $GOOGL , $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 12/21/2022
Current account deficit - 8:30 AM ET
Consumer confidence index - 10 AM ET
Existing home sales (SAAR) - 10 AM ET
Notable Earnings for 12/21/2022
Pre-Market Earnings:
Cintas Corp (CTAS)
Toro Company (TTC)
Rite Aid Corp (RAD)
Carnival Corp (CCL)
After-Market Earnings
Micron Technology (MU)
MillerKnoll (MLKN)
Wrap up
Overall, just be safe in these current market conditions but make sure to maximize the amount of potential profits you are able to create in the relative short term. There will be a significant amount of chop, meaning there will be great opportunities to actively trade, so capitalize on the opportunities that are presented to you and realize some gains in the process!
Good luck trading today and let’s make some bank!