HaiKhuu Daily Report 1/25/2023
Good morning and Happy Wednesday! I hope you all are doing well while the markets are looking tough. $SPY had dropped throughout the entire pre-market session. Please be careful of this rejection at $400 and look to start taking some equity off the table. Take off positions with the least amount of confidence to assist in providing liquidity to your portfolio and prepare for a possible downside of the markets. This was the third official rejection of $SPY, so I am not anticipating extreme confidence in the markets.
Historically, the almanac states that this is an extremely bullish day, with approximately 61.9% of January 25ths being positive for the S&P, but looking at the live markets, you can see that there is not much confidence going into open. Please be extremely careful while trading today and make sure to practice safe risk management.
Thoughts & Comments from 1/24/2023
Yesterday was an extremely interesting day for the markets many major organizations halted right at opening due to an NYSE glitch. More than 250 companies had an issue, such events are extremely rare, and we witnessed what is most likely a once-in-a-lifetime issue with the markets. I hope you all had fun watching it and trading the aftermath.
$SPY started to dip during the pre-market session, resulting in $SPY rejecting $400 and opening the day trading at $398.88. We chopped around heavily at open, officially breaking $400 on one of the quick movements up. Quickly after breaking $400, we went on to make the official low of the day at $397.65.
Once the open chop slowed down, we moved up and consistently hovered around $400 throughout the entire day resulting in short-term chop that impacted active day traders but presented many great opportunities to trade both the bullish and the bearish side. $SPY dropped and tested VWAP multiple times in this process, which resulted in a quick recovery back to the $400 range.
$SPY went on to break out once more prior to the end of the day, where $SPY made an official high at $401.15 and come down significantly to make a relative low under $SPY $399.40. We ended the day with $SPY quickly recovering and closing the day at $400.20, down -$0.43, or approximately -0.11%, with an intraday movement of +0.33%. We watched as $SPY ripped up and pump after hours on $MSFT initial reaction, where it made a high of day trading at $254.79.
I hope you all capitalized on the opportunities that were available for you to trade and realize some gains in the process. It was a tough day for the markets, but it presented us with many opportunities.
$SPY ONE MINUTE INTRADAY CHART 1/24
Thoughts & Comments for Today 1/25/2023
Today PLEASE be extremely careful and practice the highest level of risk management possible. Do not overallocated into this market, do not let emotions impact your trading ability, and limit the amount of general exposure you have in the markets. Look to take off positions you are unsure of and have capital ready to allocate when the market conditions are perfect to go long.
With this rejection of $400, I am expecting to see a significant amount of irrational selling while giving us an opportunity to scalp/swing toward the upside. I would recommend you look into getting general spreads in the market when we have hit what you perceive as the relative bottom to collect premium on the opportunities that are available.
There is a chance that the market moves up from open, but with the lack of confidence from $MSFT earnings resulting in a loss of general bullish momentum, please be careful and expect that any opportunity that you feel is a good opportunity to go long, is you attempting to catch a falling knife.
Wait until there is a confirmation of a reversal prior to attempting to go long in the current market conditions and practice safe risk management in the process of going long. have stop losses set and secure profits when given an opportunity to do so.
There will be many opportunities to trade today and many more opportunities to get burnt. Please be safe, and do not let your emotions get to you today.
I personally do not anticipate actively trading today due to the current market conditions, and would recommend you guys take a slight step back to assure your success today.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday’s results performed as expected in these current market conditions. Pretty much everything was in line, other than the fact our sector-neutral portfolios performed ever so slightly better than the markets. Everything was profitable except Market Neutral being black, down -0.06%. Pretty much working on par as expected from what we are expecting from a day like yesterday.
The results of yesterday are as follows:
Baseline:
The Market +0.33%
Our Results:
Variable Sector Neutral +0.35%
Sector Neutral +0.28%
Base Algorithm +0.27%
Long-Term Portfolio +0.20%
Variable Market Neutral +0.03%
Market Neutral -0.06%
As we are performing active live testing on our algorithm and portfolio, we are not allocating into the pilot in the short term to practice safe risk management in the process of everything. We highly recommend you cherry-pick your favorite allocations and be careful during this live testing process. Set stops in guaranteed profit and limit the amount of general exposure you are creating.
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 1/25/2023
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 , $MSFT, $TSLA , $NFLX, $BA , $META, $BABA
Free Equity List:
Safe - $SPY
Risky - $MSFT, $TSLA , $RBLX , $GOOGL
Position Opportunities:
Sell CSPs on organizations with significant premiums but sell it extremely OTM where you will not get tested
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($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 1/25/2023
No economic event scheduled
Notable Earnings for 1/25/2023
Pre-Market Earnings:
ASML Holding (ASML)
Abbott (ABT)
NextEra Energy (NEE)
AT&T (T)
Boeing Company (BA)
Elevance Health (ELV)
Automatic Data Processing (ADP)
General Dynamics (GD)
Kimberly-Clark Corp (KMB)
Hess Corp (HES)
After-Market Earnings:
Tesla (TSLA)
International Business Machines (IBM)
ServiceNow (NOW)
Corporation (CSX)
Crown Castle (CCI)
Lam Research Corp (LRCX)
United Rentals (URI)
Steel Dynamics (STLD)
Teradyne (TER)
Seagate Technology (STX)
Wrap up
Overall, please be safe and practice risk management today. Limit the amount of general exposure you have in the markets and start cutting positions you lack confidence in. Look to hedge your portfolios and minimize general exposure. If you are investing, though, this is just a short-term rift you do not have to worry about anything.
Good luck, and let’s make the most out of today!