HaiKhuu Daily Report 2/08/2023

Good morning and happy Wednesday! I hope you all are feeling amazing as a result of the general bullish momentum in the markets!

Markets are slightly down at the time of writing this report. Let’s hope the momentum of yesterday continues into today, providing all of us with a great opportunity to trade and realize some significant gains.

We have a lot of speakers today, so expect to see significant volatility around the statements that they make. Please be smart and utilize this opportunity to hedge your portfolios at a relatively cheaper rate and continue to get protected for the up-and-coming downtrend in the general markets. Be safe in these choppy waters, but capitalize on the opportunities that are presented to us!

Thoughts & Comments from 2/07/2023

Yesterday was an interesting day for the markets, with a significant amount of momentum that provided us with many opportunities to trade and realize a significant amount of gains. The volatility of yesterday meant that a lot of people realized some serious gains while actively trading or got lost in the momentum, traded, and lost a significant amount. Hopefully, you all were able to kill it and capitalize on the opportunities presented to us and realize some gains in the process.

To start the day off, markets were relatively flat for the first hour and a half of the day, not providing us with many opportunities to trade. $SPY opened the day trading at $408.96, red from the previous close, but showed some relative strength in anticipation of Jerome Powell speaking. We watched as the markets move up slightly going into east-coast lunchtime, where we watched $SPY break above $410 and hold that level until Jerome Powell started to speak at 12:40 EST. The second the meeting started, we saw a significant amount of volume and momentum added into the markets, where extremely quickly, we watched as $SPY went from testing $410 to pumping, making a relative high trading around $415. This momentum was significant as people were receiving Jerome Powell’s statements extremely positively. This momentum was maintained until Jerome started to speak in regard to his plans for rate hikes. Markets dropped extremely quickly when those statements were coming out, where $SPY made an official low of day trading at $407.57, giving us an amazing opportunity to go long at the bottom. $SPY chopped around that level and tested that low once more before quickly recovering, pumping up, and erasing all of the unrealized losses that were incurred in the process. $SPY quickly tested $410, pumped directly to $412, where it broke out again and consistently moved into the end of the day. We made an official high of day trading at $416.49 and coming down ever so slightly into close.

We ended the day with $SPY trading at $415.19, up $5.28 or roughly 1.29%, with an intraday positive movement of +1.55%.

It was a great day for the markets with many opportunities to actively trade and realize a significant amount of gains trading both to the bullish and to the bearish side. Hopefully, you all were able to realize some gains and did not get greedy in the process. I watched as many traders throughout the day ultimately decide to step away because they realized a sizable return and decided not to overtrade. Great job to anyone who realized some gains trading yesterday, and I am proud of everyone who made the conscious decision not to overtrade and keep all of their realized gains of the day!

$SPY ONE MINUTE INTRADAY CHART 2/07

Thoughts & Comments for Today 2/08/2023

Today will be an interesting day for the markets as a result of the general bullish momentum that was produced yesterday. Realistically, I believe that today will be a coinflip of a day with a significant amount of general chop. Please be on the lookout for opportunities to trade, but please be careful, as, despite the movement yesterday, we still are expecting a significant amount of general bearish momentum in the markets.

As I have been saying before, this is the time to be extremely careful, look to hedge positions if you’ve not hedged already, and prepare for the downside. Look to take profit off on positions you’ve collected a sizable return from, and set stops in guaranteed profit on positions you lack confidence in.

If you are trading, there will be many opportunities to trade, but please be extremely careful as a lot of traders will get burnt today as a result of larger market chop revolving around economic speakers. I would personally recommend that people be a little bit more reserved in the markets right now as a result of this but do as you please when it comes to active trading. Follow the momentum in the market, don’t attempt to catch a falling knife, and capitalize on the opportunities presented to you.

I would recommend that everyone look to be relatively passive with any and all allocations today for general safety, but if you are looking to take on some extra risk, please be extremely careful. You will be able to realize some gains, assuming you time positions out correctly, but it will be extremely difficult to time the position out accordingly.

Please just be smart if you are trading today, and make sure to practice safe risk management, not only today but across your portfolio for the rest of the month. In the short term, there will be many opportunities to make short-term profits, but please prepare, as people who are unaware will get burnt soon. Realize some gains and do not get greedy.

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 interesting day for the algorithm as a result of the general market movements. Consistently throughout the day, the base algorithm continued to outperform the markets regardless of the overall return of the markets, and I am extremely proud of our results. There was one point within the day where the base algorithm was above a 2% intraday return. Great day for our technical analysis and an amazing day for our algorithms!

To see more statistics on the algorithm's performance, check out Asher’s Report!

The results of yesterday are as follows:

Baseline:

• The Market +1.55%

Our Results:

• Base Algorithm: +1.78%

• Variable Market Neutral: +0.96%

• Long Term Portfolio: +0.88%

• Variable Sector Neutral: +0.87%

• Sector Neutral: +0.04%

• Market Neutral: -0.00%

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 2/08/2023

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 2/08/2023

• New York Fed President John Williams speaks - 9:15 AM ET

• Fed Gov. Lisa Cook speaks - 9:30 AM ET

• Wholesale inventories (revision) - 10 AM ET

• Fed Vice Chair Michael Barr and Atlanta Fed President Raphael Bostic speak - 10 AM ET

• Minneapolis Fed President Neel Kashkari speaks - 12:30 PM ET

• Fed Gov. Christopher Waller speaks - 1:45 PM ET

Notable Earnings for 2/08/2023

Pre-Market Earnings:

• Uber (UBER)

• CDW Corp (CDW)

• CVS Health (CVS)

• Dominion Energy (D)

• Eaton Corp (ETN)

• Emerson Electro Co (EMR)

• Fox Corporation (FOXA)

• Penske Automotive (PAG)

• Teva Pharma (TEVA)

• Yum! Brands (YUM)

After-Market Earnings:

• Disney (DIS)

• O'Reilly Automotive (ORLY)

• Sun Life Financial (SLF)

• International Flavors & Fragrances (IFF)

• Equifax (EFX)

• AvalonBay Communities (AVB)

• MGM Resorts (MGM)

• FleetCor Technologies (FLT)

• U-Haul Holding (UHAL)

• STERIS plc (STE)

Wrap up

Overall

Good luck, and let’s absolutely KILL it today!