HaiKhuu Daily Report 2/17/2023
Good morning and happy Friday! Markets are looking tough at the moment and are providing us all with an amazing opportunity to trade in the short term. Please be careful as today is a monthly expiration, so I expect significant market volatility and momentum.
Just a reminder, markets are CLOSED on Monday for presidents day, which is followed by a significant amount of general volatility in the greater markets. Tuesday the 21st and Wednesday the 22nd are significantly bearish, where historically, $SPY is green 33% & 38% of the time (respectively). Please be careful trading into the end of the month, we are due for more bearish momentum and will be presented with many opportunities to get faked out.
Be rational with your positions and minimize the general risks you are taking.
Thoughts & Comments from 2/16/2023
Yesterday was a tough day for the general markets, with a significant amount of both bullish and bearish momentum. We watched as $SPY make a significant move up for the day before coming down hard into close. We started the day with $SPY trading at $408.74, moving up significantly right at open. We did stall out at around $412 and provided no general momentum in the markets until we started to break down and continued coming down. $SPY did make a high trading at $412.91, but the sell-off itself was extremely significant.
When powerhour started, we watched as $SPY continued to push and signaled bearish momentum, and it respected all technical analysis. We watched as $SPY continued to sell off throughout the majority of the day, where $SPY quickly dropped and continued to drop. Going into close, we continued to make new lows of the day, where the official low of day was $408.14, and $SPY closed the day at $408.28.
Tough day for the general markets, but many opportunities to actively scalp and trade, both to the bullish and the bearish side.
I hope you all had fun in the process and were able to realize a significant amount of gains throughout the turbulence, as this turbulence has just started. Please be safe not only today but the rest of the month, and let’s have some FUN.
$SPY ONE MINUTE INTRADAY CHART 2/16
Thoughts & Comments for Today 2/17/2023
Today will be an interesting time for the markets. We have contracts expiring today which will typically result in increased momentum and volatility. Max pain for today has shifted up to $405, and that is a more than realistic target in the relative short term for the markets. Do what you can during this time to limit the amount of exposure you are taking in the markets, but capitalize on the opportunities that are present. Scalp quickly and hold some strong positions that you have confidence in.
I personally am still in my puts and anticipate holding them for the next two weeks. That should be a fun time to capitalize on the general bearish momentum in the markets. If VIX is in the 30~ range and $SPY is back down to $380, let’s just say life is good, and I am excited to see where the next vacation I take is. I do not personally anticipate trading too much between now and the end of the month as a result of this bearish momentum, but it still will bring up opportunities to actively trade and realize some gains in the relative short term.
Please be careful and practice safe risk management at this time. As I’ve been saying before and will continue saying, lots of people will get burnt over the next couple of weeks in the markets, so please do what you can do now to assure that when we ultimately do come down, you are properly allocated and limit your risk exposure.
It is too late to hedge and sell now if you are attempting to play in the short term, and if you are holding positions long term (2-3 years) then do not worry about this short-term FUD and continue holding your positions. You will have an opportunity to invest here in a couple of weeks, so have cash set aside to allocate accordingly.
We recommend when you enter into positions, practice safe risk management and allocate wisely to your positions. Scale in your initial entries and average down accordingly when presented with more optimal times to enter. If you are entering into a position, you should look into three stepping your total position, Step 1, allocate 25% of your position. If you are right, you are up, if you are wrong, double down. Add another 25%, so you have 50% of your total position allocated at that time. If you are right, you are up. But if you are wrong, you guessed it. Double down again. Once you are 100% allocated to your position, respect your limits and don’t over-allocate. You have the proper allocation, and respect your position.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
We were able to finish our active testing on the algorithms and are able to provide our intraday alerts again, so please be on the look out to capitalize on the opportunities that are presenting themselves. Please practice safe risk management when taking on any of these allocations, and make sure to have stops set in guaranteed profit in the process! Cherry-pick the positions you are the most confident in and realize some gains with relative ease!
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 2/17/2023
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
Economic News for 2/17/2023
Import price index - 8:30 AM ET
Index of leading economic indicators - 10 AM ET
Notable Earnings for 2/17/2023
Pre-Market Earnings:
Deere & Company (DE)
CenterPoint (CNP)
Autonation (AN)
Barnes Group (B)
Corebridge Financial (CRBG)
Pediatrix Medical Group (MD)
PPL Corporation (PPL)
Wrap up
Overall, please be extremely careful over the upcoming two weeks in the markets, a lot of people will get hurt, so do what you can to limit the amount of general exposure you are taking for safety. Realize some gains when given an opportunity to do so and have some fun in the process of everything. Do not forget Monday is an official day off, so enjoy your time off and have a great time!
Good luck trading today, and enjoy your three-day weekend!!!