HaiKhuu Daily Report 1/23/2023
Good morning and happy Monday! Happy lunar new year! May you all have an extremely successful and profitable year trading, and may you, your family, and your loved ones all be happy and healthy.
Markets are looking strong going into the open with a significant amount of relative strength at the moment, which will be an interesting time. I do want to warn you that historically, January 23rd is an alright day for the markets, but safety stocks will tend to underperform today. Be on the lookout for allocation opportunities today, as we are expecting significant bullish momentum throughout the rest of the week.
Make smart plays, and let’s realize some gains in the process of everything!
Thoughts & Comments from 1/20/2023
Last week was an amazing week for the equities market providing many opportunities to actively trade and realize some significant gains. It was difficult actively timing your positions, but if you were able to remain relatively liquid and capitalize on the momentum of the markets, you would have realized a significant amount of gains.
We tested the $400 resistance level on $SPY multiple times but in the process, provided us with a significant amount of confidence going into the third test of $400. We sold off significantly on Wednesday, unfortunately, making a low of the week around $388, but we have recovered significantly since then. Thursday was a beautiful point of reversal for the equities market, and Friday was an absolute tear.
On Friday, we opened up near the relatively low, trading around $389.95, and chopped around ever so slightly, making an official low of the day on $SPY, trading at $388.39, before going on what we would consider a beautiful tear. Markets moved up with significant confidence leading to monthly expiration.
Going into power hour, we saw a significant movement up again, with the markets looking phenomenal with strong bullish momentum. It was a win for the bulls and hopefully, you all were able to capitalize on the momentum. The high for the day officially was $396.03, and we closed the day trading at $395.88, up +$7.24 (1.86%), with an intraday bullish movement of approximately 1.5%.
Hopefully, you all were able to capitalize on the general momentum in the markets and realize some gains last week! This week will be fun so mentally prepare to have a phenomenal time!
$SPY ONE MINUTE INTRADAY CHART 1/20
Thoughts & Comments for Today 1/23/2023
Today should be a fun day for the markets, with the general momentum leading into the day being strong, showing a lot of relative confidence in the markets. The trader’s almanac states that historically, safety underperforms today, but high beta stocks will do well over the course of the rest of the week. So look for an opportunity to allocate long into the markets at this current point and watch out for a continued bullish trend throughout the entire week. I believe that there will be many great opportunities to trade, but please be extremely careful.
We are coming up on our third test of $SPY $400. Realistically what this means for us is that we are either going to break through $400 here or, realistically, reject $400 extremely hard, resulting in a significant bearish momentum over the next couple of trading days. I am expecting the markets to break through due to the relative confidence in the markets at this point, but realistically there is a good chance that the markets reject and we, unfortunately, sell off, resulting in a significant amount of short-term bearish momentum. In the case of a hard rejection, be on the look out for general opportunities that are available to sell your positions and realize some gains in the process while hedging allocations you are still holding and creating some general bearish allocations for you to be able to capitalize on the downside.
If you have any questions, please feel free to ask our community. That is why we are here and are enjoying life.
I personally will not be day trading as much today and will be attempting to minimize my personal trades and allocations while still holding general long positions for generalized safety while attempting to build out the HaiKhuu Trading community, so thank you all for being understanding during this process and letting us spend some time building out our amazing trading community!
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Last week was an interesting week for the markets, with the sector-neutral portfolios outperforming the markets significantly over the course of the week and our base algorithm outperforming the Long Term Portfolio. We are having a great time with our systems and are excited to see how our algorithm continues to perform over the course of time. We have not officially concluded our live-testing of the newest systems, but the systems at the moment are looking phenomenal, providing consistent returns to anyone who is participating!
We highly recommend you read this in-depth analysis of the performance of our algorithms last week.
The results of last week are as follows:
Baseline:
The Market -0.79%
Our Results:
Sector Neutral: -0.18%
Variable Sector Neutral: -0.6%
Market Neutral: -1.03%
Base Algorithm: -1.21%
Market Neutral: -1.28%
Long-Term Portfolio: -1.85%
As we are performing active testing on our portfolio, and it’s the general reaction to the current market conditions, we will not be making any allocations in the pilot today. Please be on the lookout for when we start allocating again in the markets and capitalize on the opportunities available with our day trading alerts.
Realize gains when given an opportunity to do so and realize some gains in the process of everything!
All positions will be disclosed prior to markets opening.
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.
Generated entries for 1/23/2023
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 , $AAPL , $BABA , $BA , $MSFT
Free Equity List:
Safe - $SPY
Risky - $TSLA , $RBLX , $AMZN , $GOOGL
Position Opportunities:
Sell CSPs on organizations with significant premiums but sell it extremely OTM where you will not get tested
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($GOOG/L & $AMZN)
Pick up broad market ETFs slowly ($SPY / $QQQ)
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Speculative Play - $META
Short-Term Risky Play - $TSLA
Short-Term Speculative Play - $RBLX
Economic News for 1/23/2023
Leading economic indicators - 10 AM ET
Notable Earnings for 1/23/2023
Pre-Market Earnings:
Baker Hughes (BKR)
Bank of Hawaii (BOH)
Bank of Marin Bancorp (BMRC)
Synchrony Bank (SYF)
After-Market Earnings:
Brown & Brown Inc (BRO)
Logitech (LOGI)
Zions Bancorp (ZION)
Crane Holdings (CR)
FNB Corp (FNB)
ServisFirst Bancshares (SFBS)
Umpqua Holdings (UMPQ)
Independent Bank Group (IBTX)
NBT Bancorp (NBTB)
Hope Bancorp (HOPE)
Wrap up
Overall, please be smart and safe while trading today. Take advantage of the opportunities presented in the current market and look to allocate into higher beta allocations today when given an opportunity today in an attempt to swing over the next couple of days. Set a stop in guaranteed profit and minimize the general risks you are actively taking.
Good luck trading today, and let’s make some bank!!!