HaiKhuu Daily Report 1/31/2023
Good morning and happy Tuesday! January is over, and 2023 has been one insane ride. I hope you all are having fun and are realizing a significant amount of gains! Markets are looking weak at the moment, and there is a lack of confidence as $SPY, at the time of writing this report, is trading under $400. We have major economic data coming out tomorrow, so expect today to be relatively slower while still providing many opportunities to scalp and trade in the process.
I hope you all have started to take profit on your general positions and have started hedging your portfolios accordingly. I am expecting to see some more significant red, assuming we are not able to sustain this $400 level on $SPY. Cash is king in this current market environment, and be ready to allocate it once the markets have sold off to an appropriate level. Look to invest in fundamentally solid undervalued organizations, hedge your positions, and as always, take profit on positions you lack general confidence in.
Thoughts & Comments from 1/30/2023
Yesterday was a rough day for the markets with a significant amount of general bearish momentum. Markets were looking strong for the first half hour, and then we chopped around and sold off significantly throughout the rest of the day.
We started the day with $SPY opening at $402.75 and showing relative strength all morning, pushing up and making a high at $405.13. There was a significant amount of both strength and confidence in the markets until both the relative strength and confidence faded away. $SPY quickly sold off as quickly as it ran up, with us going from the official high of day, to hitting $402, in less than an hour.
Markets chopped around for the rest of the day, providing many opportunities to trade and get burnt. If you were able to time your positions out accordingly, you would have been able to realize a significant amount of gains, and if you were incorrect on your timing…. Sorry, but I am sure you had a tough time.
Throughout the day, markets were relatively slow and showed a lack of general confidence and momentum, which was unfortunate but was something that was expected while watching the general price action.
Going into power hour, we saw a sudden selling in the general markets resulting in more selling into close, where saw $SPY trading in the $400 range, making an official low of day trading at $400.28 and officially closing at $400.59, down $5.09 or roughly -1.25%, with an intraday movement of -0.52%.
Rough day for the markets but many amazing opportunities to realize some gains and trade both to the bullish and to the bearish side!
$SPY ONE MINUTE INTRADAY CHART 1/30
Thoughts & Comments for Today 1/31/2023
Today will be a tough day to judge and participate in, and please be extremely careful as a result of that. I am expecting a significant amount of chop and possibly slow momentum while we trade in the $400 range on $SPY. With the markets in the state that they are in, I will be watching to see for any sort of significant movement but will be careful attempting to allocate too early or too heavily.
Risk management and limiting downside exposure will be the key to success today. There is a good chance that the markets move up from here, but I believe there is a higher chance that the majority of traders will have a tough time trading and will, unfortunately, realize some losses as a result of the general momentum in the markets.
As I have said before, please be extremely careful in these current market conditions. I’ve been advocating to take profit recently and start hedging your portfolios while VIX was low. If you followed, you should be up a significant amount and not have incurred any of this downside. If you didn’t follow along, this is not the worst time to sell and hedge, but you will make less selling your equities now and pay more to open up your hedges. But again, rather be late but still correct than late, do nothing about it, and be wrong.
Please be smart and safe right now, I am expecting a significant amount of movement and opportunity over the next couple of days in the market, and I am also expecting a lot of people to lose a significant amount of money in the relative short term. Please be extremely careful and limit your downside exposure. Cash is king right now. Make sure to have as much of it as possible.
To be honest, this is the LEAST allocated I’ve been in the market in 3-5 years, and this is the most cash-sitting liquid in my account I’ve had in an extremely long time.
If you are trading, please be extremely quick and set stops in guaranteed profit to limit your exposure, as as a result of the current market conditions, you can get chopped out and have a rough day with relative ease. So be careful and be smart.
Bulls will make money today, Bears will make money today, and the greedy pigs will get slaughtered.
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 tough day for both the markets and the algorithms. The long-term portfolio and general neutral strategies outperformed the markets but were not able to generate profits. The base algorithm was nicely profitable in the morning but was not able to retain its gains throughout the day as the markets sold off throughout the day. One day does not impact sentiment or confidence in our systems, but the numbers don’t lie. Yesterday was a tough day for our TA, but we are happy we had systems that outperformed the markets by a sizeable margin. C’est la vie, we move on and continue to enjoy our lives.
The results of last week are as follows:
Baseline:
The Market -0.52%
Our Results:
Sector Neutral: -0.21%
Long-Term Portfolio: -0.33%
Market Neutral: -0.44%
Variable Sector Neutral: -0.47%
Variable Market Neutral: -0.68%
Base Algorithm: -0.82%
As we are performing live active tests on our new portfolio, and it’s the general reaction to the current market conditions, we will not be making any allocations in the pilot. Please be careful taking any of these alerts as they are in a live-beta test. We recommend you always set a stop in guaranteed profit and limit the amount of downside exposure you have with any of these allocations.
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 1/31/2023
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 , $SOFI , $BABA , $RBLX, $META , $AAPL ,$MSFT
Free Equity List:
Safe - $SPY
Risky - $BABA, $RBLX , $AMZN , $GOOGL
Position Opportunities:
Start holding more cash and hedge your positions accordingly
Sell CSPs on organizations with significant premiums but sell it extremely OTM where you will not get tested
Pick up some leaps in organizations you are bullish on over the span of a couple of years ($GOOG/L & $AMZN)
Pick up broad market ETFs slowly ($SPY / $QQQ)
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Speculative Play - $META
Short-Term Speculative Play - $RBLX
Economic News for 1/31/2023
Employment cost index - 8:30 AM ET
S&P Case-Shiller home price index (SAAR) - 9 AM ET
FHFA home price index (SAAR) - 9 AM ET
Chicago business barometer - 9:45 AM ET
Consumer confidence index - 10 AM ET
Rental vacancy rate - 10 AM ET
Notable Earnings for 1/31/2023
Pre-Market Earnings:
Exxon Mobile (XOM)
Pfizer (PFE)
McDonald's (MCD)
United Parcel Service (UPS)
Caterpillar (CAT)
UBS AG (UBS)
General Motors (GM)
Marathon Petroleum (MPC)
Sysco (SYY)
Spotify (SPOT)
After-Market Earnings:
Amgen (AMGN)
Advanced Micro Devices (AMD)
Stryker (SYK)
Chubb Limited (CB)
Mondelez International (MDLZ)
Canadian Pacific Railway (CP)
Electronic Arts (EA)
Edwards Lifesciences (EW)
Snap Inc (SNAP)
Match Group (MTCH)
Western Digital (WDC)
Wrap up
Overall, please just be smart today and follow the momentum of the general markets. A lot of people will make some money, but even more people will get burnt emotionally trading today. Limit your exposure and be smart with your positions to limit the amount of downside possible. Start hedging your positions and holding more cash.
Good luck, and let’s make the most out of today!