HaiKhuu Daily Report 2/16/2023
Good morning and happy Thursday traders! I hope you all are having an amazing morning and are excited about the markets today. At the time of this report, $SPY is coming down from its pre-market highs and is making a new relative low. We have a significant amount of economic news coming out today, so please be careful when attempting to trade, and be on the lookout for positions that may come down over the next couple of weeks. I will look to add to my short position soon.
This should be a fun time for the bears and hopefully a time full of optimism from the bulls.
Please practice safe risk management over the next couple of weeks and capitalize on the opportunities that are all presented to us!
Thoughts & Comments from 2/15/2023
Yesterday was an interesting and extremely choppy day for the markets. We thankfully saw a significant amount of bullish momentum throughout the day, and it provided us with many opportunities to trade and scalp. $SPY opened the day trading at $410.38 before chopping around significantly for the first two hours of the day. On one of the wicks at the bottom. $SPY went on to make an official low of day trading at $409.50. After making that low, $SPY continued to chop around but with some bullish momentum.
We went on to make the first relative high of the day with $SPY trading at approximately $412.75, where afterward, we came down to test VWAP and moved up significantly afterward. $SPY moved nicely to $413.50 going into power hour before selling off back to that $412~ range to start power hour.
During the final minutes of the trading day, $SPY moved up significantly, going from $413 to make an official high of the day at $414 right before close. We ended the day with $SPY trading at $413.98, up $1.34 for the day or approximately 0.32%. It was an amazing day for the markets with lots of opportunities to actively trade and invest, so hopefully, you all were able to capitalize on the opportunities that were presented to us and realized some gains!
Great job trading yesterday because I know many people realized a significant amount yesterday. Keep up the great work, and again, continue preparing for the future in the markets.
$SPY ONE MINUTE INTRADAY CHART 2/15
Thoughts & Comments for Today 2/16/2023
Today should be a fun day for the general markets. I am expecting a significant amount of bearish momentum, but that can obviously be impacted heavily by the economic news that is coming out pre-market.
I will have the same advice that I’ve been saying for the previous couple of weeks.
I personally am expecting to see a significant amount of bearish momentum in the upcoming weeks with a general smash of retail trading confidence. Traders are too confident at this point and too optimistic. I personally want the markets to continue to move up irrationally, but realistically this is not the market condition to be extremely optimistic about. Markets are strong and have moved up significantly, but as a result, we need a minor correction for us to continue this movement up. With the current conditions, I am expecting $SPY to be in the high $380’s low $390’s range within the next couple of weeks and could see possibly lower in the case of general fear in the markets and people having to exit positions at a significant loss.
My personal plans and allocations are as followed:
Hedge current positions
I have puts open on all of my open positions & Covered Calls that are ITM that I expect to go OTM when the markets come down
Naked Puts
I own a significant amount of $SPY April EXP $400 puts, I am down on them in the short term, but it is nothing I am worried about personally. I will average into the position accordingly when given an opportunity to do so wisely
Cash
I am sitting on the most cash I’ve sat on in my life as a result of the current lack of confidence in the short term about market conditions
I will utilize this cash to purchase equities at the relative bottom to hold with confidence
A drawback I have at the moment, holding cash, is that I am not able to capitalize on the short-term opportunities that are available in the marketplace. It does suck in the short term not being able to realize some gains on the upside, but I rather have low exposure when we are moving up than a significant amount of exposure when we are coming down. When the markets do dip, this will give me a great opportunity to invest in the short term and capitalize on the fear in the general markets.
My puts are down at the time of writing this report, but as they are an April expiration, I am not looking to trade them in the relative short term. I am planning on exiting these puts on February 28th, at the end of the month, and may take these off earlier, assuming we see the significant bearish movement I have been expecting.
This is all personal opinion and not financial advice in any way, shape, or form, but it is a position that I personally am comfortable and confident in. I expected this short-term bullish momentum in the markets, and it is time for that momentum to slow down and for us to all capitalize on the bearish momentum.
There is more room to the downside at the moment than there is playing upward.
If you are actively scalping and trading right now, please be extremely careful and do not lie to yourself. Do not force any positions because you want to see an opportunity that is not available, as you will get chopped out with relative ease. A lot of people will get burnt in the current market space. Don’t be like the average trader.
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 general markets and the algorithm. We are working on getting the algorithm back online as we’ve finished collecting the lost data sets and are in the process of retraining all of our systems. We should have things back up by the end of the day, if not tomorrow. Expect the algorithm results to be back on Monday, apologies again for this downtime.
The Grapher bot and the market analysis game are back online, though, so please make sure to utilize those functions!
To access the grapher bot, use command /grapher on our discord, and to access the market analysis game, use command /marketgame
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
Economic News for 2/16/2023
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Producer price index final demand - 8:30 AM ET
Building permits - 8:30 AM ET
Housing starts - 8:30 AM ET
Philadelphia Fed manufacturing survey - 8:30 AM ET
Household debt (SAAR) - 11 AM ET
Notable Earnings for 2/16/2023
Pre-Market Earnings:
Bloomin' Brands (BLMN)
Southern Company (SO)
Constellation Energy (CEG)
Entergy Corp (ETR)
Datadog (DDOG)
Hasbro (HAS)
Paramount Global (PARAA)
Hyatt Hotels (H)
KBR Inc (KBR)
Toast (TOST)
After-Market Earnings:
Applied Materials (AMAT)
Consolidated Edison (ED)
Digital Realty Trust (DLR)
DoorDash (DASH)
Agnico Eagle Mines (AEM)
HubSpot (HUBS)
Bio-Rad Laboratories (BIO)
Dropbox (DBX)
Cognex Corporation (CGNX)
DraftKings (DKNG)
Wrap up
Overall, please be careful, follow the momentum in the markets, practice safe risk management, and prepare yourself for what is going to be a rough time for the markets. As I said before, we did expect this bullish movement up, but it is only going to be followed by significantly more bearish momentum in the short term. Please be safe but capitalize on the opportunities present and realize some gains.
Good luck trading today, and let’s have some fun!