HaiKhuu Daily Trading Report

Good morning, and happy Friday! This is been an extremely interesting week for the markets, so I hope you all are ready to end it with what should be a fun time.

Expect lower volume and volatility today as people prepare for their holiday travels, and just remember that on MONDAY, the markets are closed for Christmas.

This should be an interesting yet relatively modest day for the markets, so do not attempt to be overly ambitious, over-allocate, and just continue to practice safe risk management. There should be many opportunities to trade, but do not feel obligated at all in any way to force any positions that you are not comfortable or confident allocating into.

Follow the momentum in the markets, realize some gains while you can, and look for smart opportunities to allocate into the markets today.

Good luck trading today, and let’s end this week strong!

The updated $SPY daily levels are as follows:
Conversion Line Support: $468.25
Baseline Support: $462.01
Strong Psychological Support: $470
Daily Cloud Support: $436.25

Also, If you’ve been looking for any HaiKhuu Swag, we have updated our shop, and if you’d like anything, use code “HOLIDAY “ to receive 25% off anything in the store, including Sweatshirts, Mugs, and T-Shirts! (Discount code is valid until 12/28/23)

Link to the store: https://haikhuu.com/shop

Thoughts & Comments from Yesterday, 12/21/2023

Yesterday was an extremely interesting day for the markets with a confusing general sentiment. Markets were relatively strong but had a lot of intraday volatility and momentum that made trading in real-time difficult, but in hindsight did at least provide us with many opportunities to trade.

We started the day off with $SPY looking extremely strong in comparison to the previous close, opening at $470.98, up almost $3 from the previous close, and displaying strength in the process. There were opportunities to trade right around open, but it was difficult to allocate with confidence as conditions were strong, and momentum was relatively weak. $SPY did move up slightly before coming down within the first hour and remained relatively choppy and neutral, trading right above $471 through the lunchtime lull. These conditions were not ideal and made it extremely difficult to trade.

As volume started to come back after the lunchtime lull, we did see that $SPY was quickly sold off, where we went from trading right above $471 to trading below the $470 support and went on to make the official low of the day trading at $468.84. In hindsight, this was an amazing opportunity to load up on equities for a day trade, but in real time it was difficult attempting to allocate as a result of the general weakness that was being displayed in the markets.

Thankfully, during the afternoon, there was a significant amount of bullish buying momentum, which resulted in the markets continuing to move up with strength, and all of the losses that were incurred after the sell-off after the lunchtime lull was bought back up and provided us with confidence.

Powerhour was an interesting time, as leading into powerhour, $SPY was trading right under $471 and was starting to come down after rejecting that level, but thankfully, we were provided with a significant amount of confidence in the final hour of the day. $SPY quickly broke above $471 and continued to move up in the process, and before we knew it, $SPY was making highs of the day and continued to push all the way into close. We made the official high of the day yesterday, trading at $472.97, displayed confidence in the process, and ended the day with $SPY trading at $472.70, up $4.44 for the day, or up approximately 0.95%, with an intraday bullish movement of +0.29%.

It was an interesting day for the markets that provided difficulties in real time but allowed us opportunities to trade both the upside and downside momentum in the markets. Hopefully, you were able to catch the momentum in the markets and realized gains in the process.

Let’s see what today has in store for us, and hope that market momentum remains relatively strong going into the holiday weekend!

Thoughts & Comments for Today, 12/22/2023

Today should be an interesting movement in the overall markets. With the holiday weekend coming around, I am expecting to see significantly lower volume and momentum in the markets, making it relatively more difficult to capitalize on, but in hindsight, I believe there will be many great opportunities to capitalize on the lower volume via day trading, and allocating with confidence and holding throughout the day.

I would advise caution if you are attempting to scalp today as a result of the lower volume, so if you are attempting to capitalize on the intraday market momentum, consider finding allocations you have confidence in and simply allocating long into equities and holding them for a day trade.

If you are speculating on the possibility of a Santa rally after Christmas into the end of the year, this will be your last chance to allocate accordingly for this.

I personally am still not confident in allocating long into the markets as I do believe that many organizations are highly overvalued at this time, but if you are attempting to swing trade, this is not the worst opportunity, assuming that we rally into the end of the year.

There are going to be many opportunities across the board to allocate, and there are many that I am interested in capitalizing on in these conditions, so it should be a fun time catching general movements in the markets and doing what you can.

One organization I am very interested in watching today is $BABA. Alibaba is down roughly 2.5% at the time of writing this report and has had an extremely difficult time over the previous couple of months. We are seeing signs of reversal from the bottom, and I believe that allocating now on $BABA will provide us with many opportunities to trade in the short term. My allocations in $BABA are three-fold at this point. I want to hold Alibaba long within my portfolio, but I do not want to allocate too soon into the organization as I do believe there are opportunities for the to continue to come down, and my ideal entry point would be around $71-72 a share, but here at $74, it is not the worst opportunity. But for today, I am interested in allocating into both equity in the organization and wanting to sell some 0-DTE CSPs. The strike I decide on allocating for the CSPs ultimately comes down to how much premium I am able to generate, but I would love to hold equity and sell some ITM $75 puts that go OTM by close and will expire worthless. Obviously, practice safe risk management and adjust your sentiment once markets open to simply follow the momentum. Look for an opportunity, buy a dip, and ride the play throughout the day. This will not net you any sort of life-changing gains as I am not expecting the movement up to be significant, mostly going into the holiday weekend, but it should still provide us with a beautiful opportunity to trade.

For my personal allocations today, I feel like I have already gone over my general sentiment. The primary allocation I have planned for the day is that allocation into $BABA. I plan on entering roughly a quarter position around open and, ideally, be able to watch as the organization dips to load up on equities and sell an ITM CSP prior to both the markets and $BABA slowly grinding up with the markets. Outside of this, I will look for opportunities to scalp, but realistically, I do not anticipate attempting to scalp in these market conditions. I plan on realistically sitting on my hands and simply following the market momentum and allocating accordingly when I have the confidence to do so.

Just be smart and safe while attempting to allocate into the markets today, and make sure to practice safe risk management in the process. Many traders will have difficulties capitalizing on the market momentum today, so be smart and safe with your allocations, so just make good decisions and allocate accordingly.

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 alright day for the algorithm. Nothing exciting happened as everything remained relatively neutral compared to $SPY’s performance. The fundamental analysis in the long-term portfolio slightly outperformed $SPY, and the base algorithm underperformed slightly in comparison to the long-term portfolio, but overall, everything remained within a relatively acceptable margin of under 0.05%, so no confidence was created or lost. Conditions were not ideal, but it still provided us with great opportunities to trade and realize gains in the process.

The results of yesterday are as follows:

Baseline:

$SPY: +0.29%

Our Results:

Long Term Portfolio: +0.3%
Base Algorithm: +0.24%
Variable Market Neutral: +0.11%
Variable Sector Neutral: +0.07%
Market Neutral: -0.01%
Sector Neutral: -0.04%

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, $BABA, $NKE, $KO, $X, $RIVN, $MSFT, $NVDA, $TSLA

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 12/22/2023

PCE Price Index - 8:30 AM ET
Durable Goods - 8:30 AM ET
Consumer Spending - 8:30 AM ET
University of Michigan Sentiment & Inflation Expectations - 10:00 AM ET
New Home Sales - 10:00 AM ET

Notable Earnings for 12/22/2023

Pre-Market Earnings:

None Scheduled

Wrap up

This should be a fun day for the markets. Let’s see if there is a slow grind-up in the markets, as we are expecting relatively lower volume in the markets leading into the holiday weekend. Let’s have some fun, and let’s try to realize gains to enjoy this weekend. Don’t forget that the markets are closed on Monday for Christmas. Make sure to practice safe risk management when attempting to trade today, and practice safe risk management in the process of everything.

Good luck trading today, and I hope you all have a wonderful holiday!

Join Our FREE Trading Community!

HaiKhuu Daily Report 12/22/2023