HaiKhuu Daily Trading Report

Good morning, and happy Friday! This has been an absolutely insane year for the markets, and I hope you all are doing well and are excited about today. Today is the final trading day of 2023, and this has been an amazing year. I just want to say, before getting into the report, that this has been an insane year for the markets and has been a great time. Thank you all for participating this year with HaiKhuu, and I am thankful for each and every one of you. There is a lot to come and many more great trades coming in the near future, so let’s continue to decimate the markets and have a great time in the process!

This should be an interesting day for the markets; there will be relatively lower volume in the markets, but it will be elevated from the baseline of Tuesday. Conditions are looking relatively weaker going into the open, but general market confidence is still at a relative high. There is a high probability of $SPY making a new 52-week high today, but I wouldn’t be overly ambitious attempting to allocate to capitalize on that movement.

Just be smart and safe today, and end this year strong. $ SPY is already up 25% YTD, so there is not much more that we can ask for from a single day.

Let’s have some fun, make some smart plays, and see how this year ends!

Good luck trading today, and let’s have some fun!

The updated $SPY daily levels are as follows:
Conversion Line Support: $472.69
Baseline Support: $465.45
Strong Psychological Support: $470
Daily Cloud Support: $438.22

Thoughts & Comments from Yesterday, 12/28/2023

Yesterday was an extremely interesting day for the general markets. There was relatively lower momentum in the markets yesterday and extremely choppy conditions that made it extremely difficult to trade, with not much overall movement. $SPY retained $477 for the large majority of the day and remained within a dollar range. It was difficult capitalizing on market conditions with a lack of larger movement, and the choppiness of the markets made it difficult to trade, but thankfully, conditions were relatively flat versus having a bad day. Situationally, yesterday could have been significantly worse, so we will take the choppy day.

$SPY opened the day slightly green from the previous close, opening at $476.81. There was strength in the markets as there was enough momentum to make a new 52-week high on $SPY, but as I said before, we continued to remain relatively neutral around the $477 point and did not deviate from that point. $SPY made the official 52-week high, trading at $477.54, but after making the official high of the day and 52-week high, we did watch as $SPY was quickly snipped back down going into the lunchtime lull.

We watched as $SPY made a relative low trading slightly above $476.50, and this was one of the few “opportunities” we had in the markets, as $SPY did quickly recover after the lunchtime lull as volume picked back up.

Markets continued to remain around $477, chopping around and making trading extremely difficult for the large majority of individuals, but thankfully, it did at least provide us with an opportunity to sit on our hands and not force any positions due to the lack of momentum. It was a difficult time as, obviously, everyone wanted to trade and consistently allocate into the markets, but we would much rather sit on our hands and not allocate versus forcing a significant amount of positions, over-trading, and realizing losses in the process.

During power hour, the markets did start to come down slightly. Within the final half hour of the day, there was a quick fakeout in the markets as $SPY did break out back above $477 and was looking strong before quickly coming back down and making the official low of the day, trading at $476.26, five minutes before markets closed.

We ended the day with $SPY trading at $476.69, up $0.18 for the day or up approximately 0.04% from the previous close, with an intraday bearish movement of 0.04%.

It was genuinely a tough day to trade in the markets as a result of the lack of momentum and extremely tight range of movement, but that was expected on a day like yesterday. It is interesting seeing that across the board everything did remain relatively neutral, but we saw both $TSLA and the energy sector red in the process.

Regardless, C’est la vie. Life moves on. We take yesterday as a relative wash and move on in the process.

Let’s see what the markets have prepared to end the year and make the most out of the conditions that we are in!

Thoughts & Comments for Today, 12/29/2023

Today should be another interesting time for the markets; I am expecting to see relatively lower volume in the markets and a possibility of a sell-off towards the end of the day as people are securing profits for 2023. Please be careful and cautious while attempting to trade today, and don’t do anything that is overly ambitious. Make sure to practice safe risk management when attempting to allocate into the markets today, and be smart and safe in the process.

This is not going to be one of those days that you should attempt to force any positions, and it is not the kind of day that you should want to be overly aggressive trading. Most people are going to be relatively passive while trading today and will be finalizing their allocations in preparation for 2024.

If you are attempting to trade, just know that scalping will be relatively inconsistent and choppy today, and I believe that it will be difficult to day trade. You may find single opportunities with specific organizations while allocating in the markets today, but across the board, I am not going to be overly ambitious and preparing to allocate heavily in the markets.

In the case that you do want to allocate into the markets today, look more towards allocating into strong general equities that you want to hold throughout 2024 and use this as a buying opportunity for fundamentally solid organizations that are undervalued, that you are confident in, and believe there is upside potential.

A couple of organizations that I have been watching over the previous couple of days for an allocation are $WMT, $BA, and $SBUX. All three are fundamentally solid organizations that have a lot of potential to move up, and I will be looking to scale into both $WMT and $SBUX over the upcoming weeks.

For my personal thoughts on the trading day, I do not think that this will really be that significant of a day between open and power hour. I believe there will be general market momentum that you can capitalize on, but I also believe that conditions are going to be extremely sketchy as a result of chop in the general markets. There will be opportunities to trade, but they will remain relatively inconsistent throughout the day and ultimately will result in a lot of difficulties allocating with confidence. I would personally stay away from quick scalps today unless you are confident in an extremely quick move, and I would make sure that this is one of those days that you make sure that you do not overtrade. Lots of people who feel like they need to force a position, will ultimately realize losses a a result, so do what you can to maximize your gains if you are attempting to trade today, but be smart in the process and practice safe risk management.

For my allocations today, I do believe that I will attempt to be more passive in the markets. I am worried about the possibility of a sell-off as people prepare cash holdings and sell off overpriced equities at the end of the year, and because that is my sentiment, it will be difficult for me to allocate into the markets with confidence. I’ll obviously scalp when there is an opportunity to do so, but I do not believe that, realistically, I will be attempting to capitalize on the momentum in the markets or forcing any positions when there is not an opportunity.

Just be smart in these market conditions, and do not force anything that you are not comfortable or confident in allocating into. People are going to have a difficult time realizing gains consistently today, so allocate accordingly and be safe in the process.

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 our systems. $SPY underperformed against the long-term portfolio, but the margins were within a relatively tight range, whereas the base algorithm outperformed the long-term portfolio but was within that 0.15% margin I was talking about in comparison to $SPY. So slight win for the algorithm against the general markets, but within an acceptable margin of relatively neutral within the performance. The results were nothing insane or anything to brag home about, but I am glad we did not at least underperform!

The results of yesterday are as follows:

Baseline:

$SPY: -0.04%

Our Results:

Market Neutral: +0.22%
Variable Market Neutral: +0.14%
Sector Neutral: +0.13%
Base Algorithm: +0.09%
Variable Sector Neutral: +0.07%
Long Term Portfolio: +0.01%

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, $SOFI, $WMT, $TSLA, $AAPL, $MSFT, $NVDA, $RIVN

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 12/29/2023

Chicago PMI - 9:45 AM ET

Notable Earnings for 12/29/2023

Pre-Market Earnings:

None Scheduled

After-Market Earnings:

None Scheduled

Wrap up

This should be a fun day for the markets. This is the final trading day for the year, so let’s end it strong. There should be many opportunities to capitalize on the market momentum, so simply follow the momentum in the markets. Don’t be overly aggressive, and do what you can to maximize the opportunities that are available. Make sure to practice risk management, sit back, and enjoy the day! Hope you guys all have an amazing new year, and let’s see what 2024 has in store for us!

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

Join Our FREE Trading Community!

HaiKhuu Daily Report 12/29/2023