HaiKhuu Daily Report 2/07/2023
Good morning and happy Tuesday! I hope you all are feeling amazing and are prepared for what is going to be a relatively choppy and mild day for the markets. I am honestly not expecting too much to happen today in the equity markets, but we will be provided with many opportunities to trade and realize some gains in the short term.
Please just continue to mentally and physically prepare for a relative downturn in the general markets as February progresses. I am expecting a significant amount of general bearish momentum in the markets, so please plan accordingly. Make sure to have cash ready to purchase general equities, hedges on long positions, and shorts on overvalued organizations in the relative short term.
Thoughts & Comments from 2/06/2023
Yesterday was an extremely choppy day for the markets that provided us with many opportunities to realize a significant amount of gains, but at the same time, we also has a lot of opportunities to get burnt with the general momentum. If you were able to time your positions out correctly, you would have been able to realize a significant amount, but if you got emotional with your trades and over-traded, you would have lost over the course of the day.
$SPY started the day off relatively strong, opening the day trading at $409.77 and moving up significantly to make an intraday high, trading above $410, before quickly chopping around and coming down for the morning. $SPY went on to make a low of the day, trading at $408.10. After making that relative bottom, $SPY moved up extremely quickly to make an official high of the day, trading at $411.29. We really just continued to chop around significantly throughout the entire rest of the day, with no significant movements in either direction but watched as the markets continually took out general limit orders and caused people to act irrationally.
If you look at the general movement of $SPY all of yesterday, we really did consistently chop around VWAP, not presenting us with many opportunities to trade with relative confidence. $SPY did dip during the beginning of power hour, and we watched as $SPY recovered to VWAP by the end of the day, resulting in us ending the day at $409.83, down $2.52 or roughly 0.61%, with a positive intraday movement of +0.01%. The movement itself was not significant in any way, shape, or form, but the intraday movement did present us with many opportunities to trade and many possibilities to realize some gains or get burnt.
I hope you all were able to capitalize on the momentum in the general markets and realize some gains, but I know that, unfortunately, that is not the case for the majority of the traders. If you lost money yesterday, C’est la vie. We will move on from this with relative ease and continue to move forward with life. Things should be fine in the grand scheme of things, please just be careful when attempting to trade in the near future, as I am expecting to see a continued general bearish trend in the greater markets as well as a significant amount of chop in the relative short term.
$SPY ONE MINUTE INTRADAY CHART 2/06
Thoughts & Comments for Today 2/07/2023
Today should be a relatively more mild day for the markets. I am expecting to see relatively lower general movements in the overall markets while we see a significant amount of chop on the intraday charts. Investors should not see too significant of a change in their overall portfolio values today, but traders should have a difficult time navigating this chop.
There will be many opportunities to make quick scalps, but it will be difficult to attempt to time out any solid general movements in the market.
If you are looking to scalp today, wait for signs of reversal, IE, an organization is oversold/overbought on the 1-Minute charts, and play the quick reversal. Scalping will be relatively slower and provide significantly less returns than expected, but assuming you are able to capitalize on the opportunities that are presented to us, you should still be able to generate consistent returns when attempting to trade today. If you are a free equity trader, I am a believer that today will be a great opportunity to use this as an excuse to take positions off quickly and early.
People will look back at today and see many opportunities to trade, but I am telling you all right now that looking at it in real-time, it will look extremely difficult to time out these positions.
Do not feel bad if you miss out on any opportunities today, and do not force any positions you do not have confidence in. I rather you miss an opportunity than throw yourself on the train tracks trying to catch a train that has already left the station.
Please be safe in these current market conditions and remember, as I have been warning before, about the general bearish momentum in the markets and to hedge your accounts and to be holding excess cash.
I personally am holding the most cash I’ve held in my portfolio at this time and only have general long positions open with active hedges in case the markets continue to come down, and I recommend that you all follow suit. We will have a tough time in the markets soon, so take this with a grain of salt but prepare accordingly.
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 alright day for the algorithms. Our base bullish systems outperformed the markets by a large percentage return, with the long-term portfolio outperforming the markets by approximately 2400% yesterday, but if you look at it from a simple number standpoint, the markets were relatively neutral, and our systems just slightly out performed it. Nothing too crazy yesterday, but thankfully, our systems are consistent and beat the markets. So win for the algorithm and a big win for Vlad and our Long Term Portfolio!
To see more statistics on the algorithm's performance, check out Asher’s Report!
The results of yesterday are as follows:
Baseline:
The Market +0.01%
Our Results:
Long-Term Portfolio: +0.24%
Market Neutral: +0.1%
Variable Market Neutral: +0.06%
Base Algorithm: +0.02%
Sector Neutral: -0.06%
Variable Sector Neutral: -0.11%
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 2/07/2023
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 2/07/2023
International trade deficit - 8:30 AM ET
Fed Chair Jerome Powell speaks at Economic Club of Washington - 12:40 PM ET
Fed Vice Chair Michael Barr speaks - 2 PM ET
Consumer credit - 3 PM ET
Notable Earnings for 2/07/2023
Pre-Market Earnings:
Adient plc (ADNT)
AGCO Corporation (AGCO)
Aramark Holdings (ARMK)
BP plc (BP)
Carrier Global Corp (CARR)
Centene Corporation (CNC)
DuPont (DD)
Fisver (FISV)
Jacobs (J)
Linde (LIN)
After-Market Earnings:
Vertex Pharma (VRTX)
Chipotle (CMG)
Fortinet (FTNT)
Prudential Financial (PRU)
Illumina (ILMN)
Enphase Energy (ENPH)
Yum China Holdings (YUMC)
Paycom Software (PAYC)
Amcor plc (AMCR)
Atmos Energy (ATO)
Wrap up
Overall, please be safe while trading today. Take advantage of the opportunities that will be presented to us, but limit the amount of general exposure you are taking in the markets to assure you are practicing safe risk management and are limiting the amount of downside risk potential you are taking.
Do not get greedy today, as a significant amount of traders will get hurt as a result.
Good luck trading today, and may the markets be in your favor!