HaiKhuu Daily Trading Report

Good morning, and happy Wednesday! I hope you all are doing well and are ready for a $SPY new 52-week high today because market conditions are continuing to look strong, and markets are looking phenomenal.

The Santa rally is starting off slow, but more traders are coming back to the markets today. We should see significantly more volume and momentum in the markets compared to yesterday. This is going to be a fun time, so prepare accordingly, practice safe risk management, and make some good positions!

There are only three more trading days of the year, today included, so let’s make the most out of these opportunities and end this year off extremely strong!

Good luck trading, and let’s see what the markets have prepared for us today!

The updated $SPY daily levels are as follows:
Conversion Line Support: $472.00
Baseline Support: $463.55
Strong Psychological Support: $470
Daily Cloud Support: $436.36

Thoughts & Comments from Yesterday, 12/26/2023

Yesterday was a great day for the overall markets, but it was interesting seeing a lot of the mega caps lagging in general performance. We did not see any significant movement in $MSFT, $GOOGL, $AMZN, or $AAPL, but many organizations like $INTC and $AMD presented us with some phenomenal opportunities to trade and simply ride the market momentum. I hope you all did well and had some fun in the process, as it was an extremely interesting day with many opportunities to trade.

We started the day with $SPY looking relatively slow, being up ever so slightly from the previous close. $SPY started the day trading at $474.12 and displayed continued bullish momentum throughout the entire day. Despite there being strong bullish momentum in the markets, the movement we saw on an intraday basis was slow and choppy. It made trading difficult to do with confidence, but markets continued to move up, providing us all with a great opportunity to sit back and relax as markets were moving up and simply just hold some great positions in the process.

Market volume and momentum did slow down slightly during the lunchtime lull, down from the already extremely low rate that it was prior, but it did at least continue to provide us with what was a great opportunity to get into the markets and ride the momentum.

During the afternoon, market momentum started to pick up again, and we saw continued strength in the markets that we could have capitalized on. It was a continuation of the previously mentioned lower volume in the markets, but strong market conditions and low volume are breeding grounds for bullish momentum, and that is exactly what we got. Markets continued to make new highs of the day for the entirety of the afternoon, and it was a great time to allocate a long and not do anything afterward.

There was continued slow momentum until powerhour though, where $SPY was actively testing the previous 52-week high and had difficulties breaking above that level with slow momentum, but this provided us with an amazing feeling as $SPY broke out and made the official high of the day and high of the year trading at $476.58.

Markets did come down slightly after making the new 52-week high, but despite this, there was the continued solid bullish momentum that we all easily could have capitalized on throughout the day. We ended the day with $SPY trading at $475.65, up $2.00 for the day, or up approximately 0.40%, with an intraday bullish movement of +0.33%.

It was an amazing time for the markets and a great day to simply just ride the market momentum. Markets are setting up with strength to push new 52-week highs, and we are extremely close to seeing a new All-Time high on $SPY, which will be an amazing opportunity. So, let’s see what the markets have in store for us today, and let’s see where this Santa Rally takes us!

Thoughts & Comments for Today, 12/27/2023

Today should be a lot of fun. Depending on the market momentum remains the way that it is, I am expecting to see a pseudo repeat of yesterday, with more volume and momentum. Assuming market conditions do continue to display strength, we will see multiple new 52-week highs and continue to edge closer and closer to a $SPY all-time high. Continue to be careful and cautious in these market conditions and don’t look to take on dumb risk, but look to take advantage of the opportunities that are presented to us.

As I said yesterday, these are not the market conditions to attempt to scalp aggressively but to look for day trades and opportunities to load up on strong positions and simply hold them. I would not advise attempting to fight this momentum, and would say you would have a lot more opportunity with simply following the wave. You may be able to time out a perfect position where you are right on a bearish scalp, but unless there is an intraday shift in market momentum that you are able to time out perfectly, these are not the conditions to short the markets.

Expect to see lower volume and choppy conditions while attempting to watch the markets today, but at the same time, continue to look for opportunities of relative strength in the markets as it will provide us with many positions throughout the day.

Just continue to be smart, don’t attempt to be overly ambitious, and simply follow the momentum in the markets. Simply find opportunities to allocate long into a strong position with relative confidence and ride this Santa rally.

I do believe that we will be presented with an opportunity to short the markets and be overly bearish, but this is not the time to attempt to do so, mostly as conditions remain strong.

Enjoy this market momentum, capitalize on the opportunities that are presented to us, and enjoy these good times. Because the good times are not going to last, but they are here for now, so make the most out of what is available and do not get greedy.

For my positions today, my general sentiment remains the same. I anticipate being more passive in these market conditions and will not be looking to scalp aggressively as market momentum, and volume are not optimal for that at this time, but I will be looking to day trade and allocate long into the markets where I have the confidence to do so. I picked up some leaps on $SOFI yesterday and will be watching this $10 resistance for a breakout opportunity. This should be a fun time to actively day trade and watch new 52-week highs on $SPY. I’ll obviously scalp when given an opportunity to do so, but my sentiment remains firm on simply allocating into the markets with confidence and capitalizing on the opportunities that are available 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 a slow and strong day for the markets, and I am very happy to see that our bullish strategies were able to outperform $SPY. The long-term portfolio outperformed $SPY by a nice margin, and the base algorithm was able to outperform the long-term portfolio. This is a win, and we are very excited about these results!

The results of yesterday are as follows:

Baseline:

$SPY: +0.33%

Our Results:

Base Algorithm: +0.5%
Long Term Portfolio: +0.41%
Variable Market Neutral: +0.32%
Variable Sector Neutral: +0.29%
Market Neutral: +0.16%
Sector Neutral: +0.06%

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, $AMD, $INTC, $NVDA, $TSLA, $BA, $F, $KO, $BABA

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 12/27/2023

Redbook YoY - 8:55 AM ET
Richmond Fed Comp. Index - 10:00 AM ET
5-Year Note Auction - 1:00 PM ET

Notable Earnings for 12/27/2023

Pre-Market Earnings:

None Scheduled

After-Market Earnings:

None Scheduled

Wrap up

This should be a fun day for the markets. Assuming market momentum continues to remain strong, expect to see a new 52-week high on $SPY. Practice safe risk management, allocate accordingly, and make some smart positions. People are going to have a difficult time scalping these opportunities, so allocate wisely, look to day trade when there is an opportunity to do so, and just follow the market momentum!

Good luck trading, and let’s see what the Santa Rally has in store for us today!

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HaiKhuu Daily Report 12/27/2023