HaiKhuu Daily Report 1/24/2023
Good morning and happy Tuesday! I hope you all are feeling amazing and are excited about the markets today! $SPY is actively testing $400, meaning that either we will have a significant breakout and watch the markets push until the next major resistance and sustain easily above $400 in the relatively short term, or we will watch the markets sell off significantly, impacting the greater markets. Historically, looking at my almanac, we are extremely bullish both today and tomorrow, where we should theoretically push until Thursday, but obviously, take the book I bought from Amazon for $40 with a grain of salt. It would be nice if this book were correct, and it has been multiple times, but at the same time, it has been incorrect. Use this data with caution when deciding on your bias confirmations.
Follow the general momentum of the markets and be fluid throughout the process. If we continue to move up, nice, ride the wave, but if we start selling off. Take positions off the table, get liquidity and make smart allocations!
Thoughts & Comments from 1/23/2023
Yesterday was an amazing yet volatile day for the markets, with many opportunities to trade both to the bullish and the bearish side of the markets. We opened the day with $SPY trading at $396.69 and chopping around for the first ten minutes before starting to take off and continue making new official highs of the day. $SPY quickly moved up and was met with some resistance at $400 before breaking through and quickly ripping up to make an official high of the year, trading at $402. Once the markets calmed down from that initial high, we slowly chopped around before moving up again and making an official high, trading at $402.65. After hitting that high, markets sold off extremely quickly, breaking VWAP & $400 support and testing $399 before moving back up into the close. We ended the day with $SPY ending the day trading at $400.63 +4.75 (1.20%), right above the $400 support level showing us that there is relative confidence in the markets at the moment.
Hopefully, you all were able to capitalize on the opportunities presented to you and were able to realize a significant amount of gains in the process!
$SPY ONE MINUTE INTRADAY CHART 1/23
Thoughts & Comments for Today 1/24/2023
Today will be an extremely interesting day for the markets, with $SPY actively testing $400. I really expect that while we are around this $400 range, the general movements in the markets will be relatively slower in anticipation of watching which direction we hold. In the case we break out, continue to hold your strong positions and make sure to set stops in guaranteed profit to limit your downside risk. In the case we hold and start selling below $400, look to close out positions, realize some gains, and hedge open positions. I am expecting to see some significant bearish momentum here in the near future, so please be aware of the current market conditions and prepare accordingly as that relative downtrend will give us a great opportunity to allocate into strong equities at a great price, but if you are allocating at a price that is relatively too high, will have to sit back and bag hold in the short term as well as not have the liquidity to average in at the relative bottom.
Make sure to have liquidity for positions throughout the rest of this year. I am expecting many great opportunities to scalp, swing trade, and invest throughout this year. Just remain solvent until Q3 2023. This is a new year for the market, and people are excited about this compared to the continued selling we witnessed in real time in 2022.
Be smart, be safe, and capitalize on the opportunities that are presented to you. Don’t be greedy and realize some gains. Pigs will get slaughtered.
I personally will be waiting to make smart positions over the next couple of weeks in fundamentally solid organizations that I have confidence in and will start to look into selling a significant amount of long CSPs when given an opportunity over the next month or so when the markets are coming down accordingly in the fashion we need them to. I expect to see some significant bullish movement towards the end of the year, and when that happens, I will be looking to allocate into strong positions as relative long-term investments and watch as the markets perform and push the same way they did in the back half of 2021.
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 amazing day for our algorithms as a result of our largest allocation being $NVDA, and we watched as $NVDA outperformed the intraday movement of $SPY significantly. Hopefully, you all were able to capitalize on the opportunities available and recommended to you yesterday.
We have officially launched our new discord bot that streamlines Fundamental Analysis. It has been in the works in the background, and we are extremely excited to announce its release. Please check it out in any of our #Bot_Commands rooms and use the function /grapher to check it out
The results of yesterday are as follows:
Baseline:
The Market +0.99%
Our Results:
Base Algorithm 1.30%
Variable Market Neutral 0.87%
Variable Sector Neutral 0.47%
Market Neutral 0.44%
Sector Neutral 0.24%
Long-Term Portfolio 0.22%
While we continue to create live tests of the algorithm in the short term to see how it performs against the general markets in these conditions, we are not allocating to the markets until these conclude. Please take all alerts with caution, and we recommend you all minimize risk in these allocations while in this beta testing period. Set stops in guaranteed profit and move those allocations up accordingly.
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 1/24/2023
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 , $RBLX ,$AAPL , $MSFT , $BABA
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 1/24/2023
S&P U.S. manufacturing PMI (flash) - 9:45 AM ET
S&P U.S. services PMI (flash) - 9:45 AM ET
Notable Earnings for 1/24/2023
Pre-Market Earnings:
3M Company (MMM)
Johnson & Johnson (JNJ)
Danaher Corp (DHR)
Verizon (VZ)
Raytheon Technologies (RTX)
Union Pacific Corp (UNP)
Lockheed Martin (LMT)
General Electric (GE)
The Travelers Companies (TRV)
Invesco (IVZ)
After-Market Earnings:
Microsoft (MSFT)
Texas Instruments (TXN)
Intuitive Surgical (ISRG)
Canadian National Railway (CNI)
Capital One (COF)
F5, Inc (FFIV)
Silgan Holdings (SLGN)
UMB Financial (UMBF)
Navient Corp (NAVI)
Trustmark Corp (TRMK)
Wrap up
With $SPY testing $400, please be careful while trading today, watch out for general momentum in the markets. Do not fight any trends and capitalize on the opportunities that are available. Realize your gains quickly and please practice the highest level of possible risk management.
Good luck, and let’s make the most out of today!