HaiKhuu Daily Report 12/22/2022
Good morning and happy Thursday! It is just another day in paradise while the markets are extremely turbulent and one day closer to Christmas. Last chance to go pick up a last-minute Christmas gift before it’s too late. Markets were wonderful yesterday, and you all should have realized a significant amount of gains.
Today, on the other hand, does not look as strong nor as confident during the pre-market session as yesterday. $SPY is down from the relative high as well as down from the closing price. Please prepare for a relatively low volume with a high possibility of continual selling throughout the day and capitalize on all of the opportunities that are presented to you!
Thoughts & Comments from 12/21/2022
Yesterday was an interesting yet beautiful day for the markets. $SPY opened the day with relative confidence in the markets and moved up accordingly throughout the day. With a significant amount of bullish momentum going into open, $SPY started the day trading at $383.34 before moving up with relative ease right from open. There was a miniature drop at open, but the tiny amount of selling that was incurred was insignificant compared to the beautiful run-up across the board. $SPY continued to push throughout the entire morning, with the markets eventually topping out at approximately 11 am EST, where $SPY made an official high of the day at approximately $387.25, showing a significant amount of confidence in the markets. Once making the official high of the day, the markets chopped around throughout the rest of the day. The momentum slowed down and did not have any more major movements up, but thankfully there were no sell-offs that impacted the markets heavily.
The most consistent sell-off throughout the entire day was during the final hours of the trading day. $SPY moved up significantly, preparing for power hour, making an official high of the day trading at $387.41, and selling off for the entirety of power hour. $SPY went on to close the day trading at $386.23, up +5.69 (1.50%) with an intraday movement of +0.78%.
Markets were on easy mode, and it was a great day that provided us with many opportunities to realize a significant amount of gains in the process.
Hopefully, you all capitalized on the momentum that was provided and seized any opportunities you had to realize some gains!
$SPY ONE MINUTE INTRADAY CHART 12/21
Thoughts & Comments for Today 12/22/2022
Today we will be opening the day with some bearish momentum. I personally do not recommend over-trading today as the majority of traders will get burnt doing so as a result. Today is the kind of day where you have to remain relatively passive and safe while trading while limiting the amount of downside potential possible.
If you are looking to make allocations today, the best course of action to be able to realize consistent gains throughout the day will be to actively scalp and day trade strong equities when given an opportunity to do so. $SPY and $QQQ will be the safest plays, but organizations like $META, $RBLX, and $TSLA will provide you with the best opportunities to realize some gains. Yes, risks are increased significantly playing those organizations compared to playing the general indices, but it will provide us with a great opportunity to trade.
A significant amount of the general momentum in the markets will be guided directly by economic news coming out at 8:30 am EST, so please be on the lookout for that news being live and driving the markets in any direction. The one position I would recommend you all look into today is to look to sell some 1-DTE CSPs on organizations that have been heavily hit to generate some realized gains in the process of everything. If you look at organizations like $TSLA, $RBLX, $AAPL, and $GOOGL, you will be able to find a significant amount of premium in those organizations in perspective to the amount of risk you will have to incur to create the position.
Please just be safe while trading today though as if you are trying to catch a falling knife too soon, expect to get burnt as a significant amount of people will get burnt in the process of trying to time out the bottom. In the case there is a sign of reversal in the markets, to either extreme, please watch and either secure profits when given an opportunity to do so or play the reversal. In the case the markets come down, look for a reversal for the upside to play that bullish momentum, and in the case, the markets move up significantly, look for an opportunity to take profit and short accordingly.
Do not increase your risk while trading today, as this is not a day that will be favorable to you, and make sure to seize any opportunities to realize gains in the relative short term.
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 great day for the algorithms, but the markets beat all of our systems. This beat was not of any major significance, and it is great for generating some consistent gains in the markets. Sucked that the algorithm was not able to outperform the markets yesterday, but it did provide us with the opportunity to realize some gains. So C’est la vie, we will move on with our life!
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: +0.78%
Our Results:
Long-Term Portfolio 0.53%
Base Algorithm 0.48%
Variable Sector Neutral 0.29%
Variable Market Neutral 0.23%
Sector Neutral 0.01%
Market Neutral -0.05%
Today, due to the current market condition, we will be allocated directly to the market-neutral strategy for active protection in the markets. There is a good chance the markets move up today, but in the case the markets do not make any significant movement up, we will be hedged accordingly. If the markets move up, we will underperform, but in the case of a major selling event, we will be properly hedged where we will outperform. The goal of this allocation today is not to generate a significant amount of gains but to be able to actively and safely retain exposure in the markets while minimizing general risks.
We may exit these allocations early, given an opportunity to realize some gains, but we have the intention of holding everything until market close!
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 12/22/2022
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 , $BA , $BABA ,$TSLA , $RBLX, $AAPL , $GOOGL , $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 12/22/2022
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Real gross domestic product revision (SAAR) - 8:30 AM ET
Real gross domestic income revision (SAAR) - 8:30 AM ET
Real final sales to domestic purchasers (SAAR) - 8:30 AM ET
Chicago Fed national activity index - 8:30 AM ET
Index of leading economic indicators - 10 AM ET
Notable Earnings for 12/22/2022
Pre-Market Earnings:
Apogee Enterprises (APOG)
CarMax (KMX)
Paychex (PAYX)
After-Market Earnings
Mission Produce (AVO)
Wrap up
Overall, please be safe today and prepare for a possible sell-off that may occur today. Practice safe risk management and limit the amount of general exposure that you are in. Look to possibly sell some CSPs with a 1-DTE given an opportunity to do so and create opportunities to realize some gains!
Good luck trading today, and let’s make some bank!