HaiKhuu Daily Report 2/21/2023
Good morning and happy Tuesday! I hope you all have had a wonderful long weekend and are feeling well rested going into this short week!
Short weeks have typically net us extremely profitable opportunities to both invest and trade, but the current market conditions are different and are providing us with false hopes and optimism that I’ve been stating needs to be crushed. At the moment on the fear & greed index, we are still at greed, which shows that the general sentiment on the market is still optimistic. This is either a bias confirmation of a reversal, or a sign that we are about to get wiped out.
Historically, the end of February is an extremely bearish time for the markets though, so please be on the look out. Please be extremely careful when attempting to allocate long into the markets and practice safe risk management when you are actively scalping & day trading not only today, but for the rest of the month. As long as you are able to stay solvent while the markets are acting irrationally, you will be set to allocate when the markets are at its relative bottom and capitalize on the general fear and lack of liquidity the average trader will have.
Good luck trading this week and let’s make some bank!
Thoughts & Comments from 2/17/2023
Last week was an interesting time for the general markets that provided some great liquidity and opportunities to actively trade in the market. We had major earnings that netted us some amazing returns and general bearish momentum that could have presented you with many opportunities to realize some gains.
It truthfully was a tough time to trade though, so if you realized some losses or were not able to capitalize on the opportunities presented to us, please do not worry as the majority of traders were on the same boat. There was a lot of chop in the general equities markets that made it difficult to scalp and a lot of indecisive moves that impacted peoples ability to day trade & scalp.
If you followed the warnings of the previous couple of weeks, you should have had a lot of fun and realized a significant amount of gains last week. I closed out half of the active puts I had to have liquidity and as a community we were able to get a +100% return on $DKNG (Thank you Sai & Fred)
In terms of Friday, there were many opportunities to scalp and trade intraday. We started the day down with $SPY trading at $406.12, and quickly sold off where we made a relative low of the morning with $SPY trading at $404.32, before quickly moving back up, and testing open price multiple times. We unfortunately were not able to break through resistance and as a result watched $SPY chop around and sell off for the majority of the first half of the trading day. $SPY went on to make a new and official low of the day trading at $404.06, after the lunch time lull. It provided us all with an amazing opportunity to realize some gains on the bearish side.
After making that relative low, $SPY moved up accordingly which was nice, as it provided us with an amazing opportunity to trade and go long. $SPY quickly recovered where going into power hour, we recovered all of the intraday losses, and went green intraday. We made a high of day into power-hour, with $SPY trading at $407.51, and confused a significant amount of traders. We were still down from previous close, but up from open.
We chopped around ever-so-slightly into close, with not many opportunities to actively trade, but it showed us that there still was relative strength in the general markets.
$SPY ended the day trading at $407.26, down $1.02, or approximately 0.25% from previous close, which in reality was not too significant, but still showed weakness in the general markets.
It was a day full of opportunity on the markets, and was an amazing way to end the week. I hope you all had fun in the process of everything and were able to realize some gains while trading. Congratulations to anyone who listened to my BS over the previous couple of weeks about being bearish in the markets, as we have started to realize some gains in the short term, and should continue to print money here into the near future.
$SPY ONE MINUTE INTRADAY CHART 2/17
Thoughts & Comments for Today 2/21/2023
Today will be a tough day for the general markets. At the moment, $SPY is down a significant amount and honestly is only going to get worst in the relative short term. With the markets acting the way that it is, I would honestly recommend that the majority of inexperienced traders take a step back and breathe a little bit, but still watch general movements to assure that you are able to limit your downside risk, while still having an opportunity to learn from this experience.
Lots of traders will be able to seize the opportunities available and be able to make a significantly larger amount of realized gains in the short term, but the traders that are making an elevated amount of money at this time, are highly experienced traders who know how to navigate market conditions when they are not optimal by hedging their portfolios to limit downside risk, opening bearish positions to capitalize on the downside, and holding cash to allocate to the long side when we’ve hit a relative bottom.
Like I’ve said before, I have personally sold the majority of my personal allocations, and any position I have is hedged where over the span of the next couple of weeks, should not amount to any significant gains nor losses.
I am heavily allocated at the moment into cash, and into holding a significant amount of $SPY 400 puts for the April expiration. It is too late to follow on this position unfortunately, so I hope the majority of you listened to my warnings and are able to capitalize on this general bearish momentum with us. I do not anticipate opening many positions over the next week, and am essentially just planning on holding my current bearish position until the point of relative weakness in the markets when people are cautious and afraid. With the cash I have sitting on the sidelines, I plan on allocating to strong equities accordingly and holding those positions through Q3/Q4.
Be on the look out here in a week or so for when I start to enter into those long positions.
Please be careful in the meantime and make sure you are limiting general risks and are practicing safe risk management.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Last week was a rough time not for the algorithm, but the whole quant team as a result of a general data loss event. We have since fixed everything that needed to be fixed and everything is back up and running as expected. Please be on the look out for our alerts and make sure to utilize our grapher bot & participate in our market sentiment game. Trophies have been shipped and they look AMAZING.
Make sure to congratulate John, Sai and Joe for winning the previous months and I cannot wait to see who else wins a trophy over the next couple of months!
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.
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 , $GOOGL, $TSLA, $BABA, $NVDA, $BA , $MSFT , $AAPL
Free Equity List:
Safe - $SPY
Risky - Don’t play anything risky.
Position Opportunities:
Wait with cash to allocate at the relative bottom
Watch for the markets to dump, and realize gains on your active hedges and bearish positions in the markets
Set stops in guaranteed profit for any position you have
Enjoy watching traders freak out while you are peacefully relaxing with your bearish positions & active hedges.
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Economic News for 2/21/2023
S&P flash U.S. services PMI - 9:45 AM ET
S&P flash U.S. manufacturing PMI - 9:45 AM ET
Existing home sales - 10 AM ET
Notable Earnings for 2/21/2023
Pre-Market Earnings:
Arconic (ARNC)
Public Service Enterprise (PEG)
Dana Incorporated (DAN)
Expeditors International (EXPD)
Fuor Corp (FLR)
Home Depot (HD)
Huntsman (HUN)
Westlake Chemical (WLK)
Walmart (WMT)
Medtronic (MDT)
After-Market Earnings:
Public Storage (PSA)
Palo Alto Networks (PANW)
Realty Income Corp (O)
Keysight Tech (KEYS)
SBA Communications (SBAC)
Diamondback Energy (FANG)
Coinbase (COIN)
Chesapeake Energy (CHK)Toll Brothers (TOL)
Caesars Entertainment (CZR)
Toll Brothers (TOL)
Wrap up
Overall, PLEASE be safe while trading today, lots of people will get burnt over the next couple of weeks, so make sure to realize some gains when given an opportunity to do so, hold cash and just sit back and relax as your hedges & general bearish positions do their thing.
Good luck trading today, and let’s have some fun!