HaiKhuu Daily Report 12/29/2022
Good morning and happy Thursday! With two days left in this trading year, let’s end this year strong! There has been a significant amount of bearish momentum over the previous couple of days that has presented us with many opportunities to trade in either direction.
Hope you all are doing well heading into the final days of this year and are prepared for 2023! It will be a tough year for the markets, but it offers us many opportunities to realize some significant gains!
Let’s have some fun trading today, and please be careful, as there will be relatively low volume into the end of the trading year!
Thoughts & Comments from 12/28/2022
Yesterday was a rough day for the markets, with a significant amount of bearish momentum throughout the day. We started the day off strong with $SPY, opening the day trading at $381.40 and moving up accordingly to make an official high of the morning, trading at $383.39 before starting to sell off across the board. Lots of organizations yesterday were heavily hit on the markets.
After rejecting a retest of the HOD, $SPY went on to sell off to the $380 support level and broke below, and continued to free fall throughout the day. We made our first official LOD with $SPY trading at $377.50 and bouncing back to test $380. We rejected $380 and came back down accordingly into close.
Right before close, though, we watched as $SPY made the official LOD trading at $376.42 without any significant recovery into close. We ended the day with $SPY trading at $376.66, down $4.74 (-1.24%) for the day with an intraday movement of -1.26%.
It was a rough day for the market, but it provided us with a significant amount of opportunity to realize some substantial gains & set up quality allocations in the meantime. Hopefully, you all grabbed $TSLA when given an opportunity to do so, as it has pumped during this pre-market session!
$SPY ONE MINUTE INTRADAY CHART 12/28
Thoughts & Comments for Today 12/29/2022
Today is going to be a fun day for the markets, with economic news coming out pre-market.
Please be on the lookout for $SPY $380 today. There is a good chance that regardless of what happens at close, there will be opportunities to trade both to the bullish and the bearish side today. Going into open, there is a significant amount of bullish momentum and relative strength. $TSLA is up 5% at the time of writing this report, and the markets are looking extremely strong.
Follow the momentum of the day and capitalize on the opportunities that are presented to you.
Active traders today will be able to realize a significant amount of gains with ease today. Please just be on the lookout for general chop in the markets, as well as make sure you do not get stopped out of your positions.
In the case you do get stopped out of your positions, please remain calm and do not get your emotions involved in your trades. There is a significant amount of risk while trading today, but it provides us with many opportunities to realize some gains. As long as you make smart allocations and minimize the general risks you take, there will be great opportunities.
Do not FOMO into any plays, and make sure to limit your general exposure going into the new year. I will be looking to exit a lot of equity & option positions today.
Be smart and make some money 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 and $SPY, but again, despite this, every single one of our systems was able to outperform the markets with relative ease. Rough day for the markets, but at least we can move forward with relative ease and move on with our lives, knowing regardless of condition, we are continuing to outperform the markets as a whole.
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: -1.26%
Our Results:
Sector Neutral -0.09%
Market Neutral -0.30%
Variable Market Neutral -0.94%
Variable Sector Neutral -0.98%
Base Algorithm -1.23%
Today, due to the current momentum in the markets, we will be looking to allocate into the base algorithm. This will be a risky strategy today, but we believe that in the case the markets move up substantially, we will be able to realize a significant amount of gains in the process.
Please be cautious when watching us allocate to the markets and make sure to practice safe risk management in the process of everything.
There is a good chance we exit our allocations early today, so please be on the lookout in the chance we do exit our allocations early.
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 12/29/2022
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 , $META , $BA , $MSFT , $AAPL , $GOOGL , $AMZN
Free Equity List:
Safe - $SPY
Risky - $TSLA , $RBLX , $AMZN , $GOOGL
Position Opportunities:
Look to allocate into strong equities
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($GOOG/L, $AMZN, $META)
Pick up broad market ETFs slowly ($SPY / $QQQ)
Sell short-dated CSPs with the intention of collecting premium
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Speculative Play - $META
Short-Term Risky Play - $TSLA
Short-Term Speculative Play - $RBLX
Economic News for 12/29/2022
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Notable Earnings for 12/29/2022
Pre-Market Earnings:
None
After-Market Earnings:
None
Wrap up
Overall, please just follow the general momentum today and realize gains when given an opportunity to do so. There is strong bullish momentum in the markets, so capitalize on the opportunities that are available. Practice safe risk management and make sure you are allocated into smart positions.
Realize some gains when given an opportunity to do so and have some fun in the process of everything.
Good luck trading, and let’s make some bank!