HaiKhuu Daily Report 2/02/2023
Good morning and happy Thursday! Markets are looking amazing at the moment, and I hope you all are excited about these market conditions and are killing it. Markets are looking phenomenal at the moment, and you should start considering your game plan as the markets continue to move and plan ahead. I’ll leave my remarks about my thoughts on the current market conditions down below in the daily portion of this report.
For now, continue to enjoy the market conditions and prepare for the upcoming turbulence.
Thoughts & Comments from 2/01/2023
Yesterday was an insane day for the markets that provided traders with some amazing opportunities to go long and realize a significant amount of gains throughout the whole process.
We started the day with $SPY chopping around at open for the first three hours of the day. $SPY opened at $405.21 and showed no clear sign of confidence in a direction. We tested $404 multiple times, but $SPY was able to hold that level. There was nothing of major significance happening in the morning, and we just chopped around as people were waiting for economic data. At 2 pm EST, when data came out, we saw a significant movement with $SPY, where we dropped quickly and rebounded even quicker. $SPY dropped while everyone was waiting for Jerome Powell to go live, and after he went live, $SPY went on to make an official low of $402.35 and moved up as he spoke.
When Jerome Powell finished speaking, we saw as $SPY made an official high of the day and high of the year, at $413.67. There was a significant amount of confidence and buying happening in the markets. $SPY did come down into close, with $SPY closing the day officially at $410.80, up $4.32 for the day (1.06%), with an intraday movement of +1.37%
Beautiful day for the markets with many opportunities to trade and realize a significant amount of gains! Let’s keep this momentum up and continue to capitalize on the opportunities present!
$SPY ONE MINUTE INTRADAY CHART 2/01
Thoughts & Comments for Today 2/02/2023
Today is genuinely a toss-up on the direction the markets will go, so please prepare. It sounds vague, but just know the markets will either pump or dump today. With $SPY above $410, there is new confidence in the markets, and the result is a lot of traders will be FOMOing in here in the hopes the markets continue to move up. Realistically I do not see this level holding, and we will see a sell-off soon, but there are major earnings happening after-hours that would impact the markets.
In the meantime, look to actively trade to maximize the profits you are able to generate in these market conditions. It is extremely easy to trade, and the markets are very responsive to technical analysis right now. Seize the opportunities and realize as many gains as possible. This momentum will not last. My recommendation is to tread lightly and follow the momentum. Hedge your positions now while VIX is at a 52-week low and look to take profit on positions you are happy selling in profit.
I would not attempt to short this trend until there is a confirmation of a major reversal happening, but hedging will protect your downside in these current conditions.
February is a historically tough month for the markets. Like I said before, there will be a lot of selling toward the end of the month, so capitalize on the bullish momentum right now, but prepare yourself and create a plan for the future.
When there is blood in the streets, cash will be king, and you will be able to buy equities cheaply.
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 the markets and our algorithms. Our technical analysis has allowed for us to stay on par with the markets outperforming us slightly, but the algo allocations outperformed the long-term portfolio significantly. Amazing day for both the pilot and general markets. Tests are performing to expectation, and I am excited to see this system’s profits over the course of time!
To see more statistics on the algorithm's performance, check out Asher’s Report!
The results of yesterday are as follows:
Baseline:
The Market +1.37%
Our Results:
Base Algorithm: +1.24%
Variable Market Neutral: +0.82%
Long-Term Portfolio: +0.29%
Market Neutral: +0.26%
Variable Sector Neutral: +0.14%
Sector Neutral: -0.35%
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 2/02/2023
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 , $META, $BABA , $RBLX , $SOFI , $GOOGL , $AAPL , $MSFT
Free Equity List:
Safe - $SPY
Risky - $SOFI, $RBLX, $FXI , $BABA
Position Opportunities:
Start hedging your portfolio while vix is extremely low. Grab multiple puts with a long expiration to protect your portfolio
Set stops in guaranteed profit for any position you have.
Start taking profit on equities you are comfortable selling (Cash will be king in February)
Pick up broad market ETFs slowly ($SPY / $QQQ)
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Speculative Play - $META * PLAYED OUT, IF IN SELL*
Short-Term Risky Play - $TSLA * PLAYED OUT, IF IN SELL*
Short-Term Speculative Play - $RBLX * PLAYED OUT, IF IN SELL*
Economic News for 2/02/2023
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Productivity, first estimate (SAAR) - 8:30 AM ET
Unit labor costs, first estimate (SAAR) - 8:30 AM ET
Core capital goods orders (revision) - 8:30 AM ET
Factory orders - 10 AM ET
Notable Earnings for 2/02/2023
Pre-Market Earnings:
ABB Ltd (ABB)
1-800-Flowers.com (FLWS)
BCE, Inc (BCE)
Bristol-Myers Squibb (BMY)
Ball Corporation (BALL)
ConocoPhillips (COP)
Eli Lilly (LLY)
Merck & Co (MRK)
SONY (SONY)
Trane Technologies (TT)
After-Market Earnings:
Apple (AAPL)
Alphabet (GOOGL)
Gen Digital (GEN)
Qualcomm (QCOM)
Starbucks (SBUX)
Gilead Sciences (GILD)
Ford (F)
Microchip Technology (MCHP)
Atlassian (TEAM)
Clorox Company (CLX)
Amazon (AMZN)
Wrap up
Overall, PLEASE be smart and start hedging your portfolios accordingly and look to start taking profit on positions you lack confidence in. Continue to capitalize on the opportunities present, but it is not the time to not be greedy. A lot of people will get wiped out here in a couple of weeks, if you take profit and hedge accordingly, you will be able to buy with confidence and get a great deal on a lot of equities.
Good luck, and let’s absolutely KILL it today!