HaiKhuu Daily Report 2/23/2023
Good morning and happy Thursday! Hope you all are feeling amazing and are excited for trading today. At the time of writing this report, $SPY is officially back above $400. We do have economic news at 8:30am EST, so $SPY will move in either direction depending on news, but with $SPY back above $400, there is short term confidence. I do not believe this will realistically hold over the course of the next week or so, but this short term confidence will give us all an opportunity to actively trade and realize some gains. Please take advantage of this relative confidence.
Good luck trading today and let’s make some BANK!
Thoughts & Comments from 2/22/2023
Yesterday was an interesting day for the general markets with a significant amount of bearish momentum. There were many opportunities to play both to the bullish and bearish sides of the market, but it was difficult for a lot of traders to actively capitalize on the opportunities presented to us. We watched as $LUNR pump approximately 200% and we all looked at an opportunity to sell $AMC CSP’s to collect approximately 30% ROI over the course of three weeks. There were lots of opportunities to make plays and I hope you call capitalized on them.
$SPY started the day trading at $399.55 despite showing relative weakness, and chopped around for the majority of the morning. We went to make a new relative high just above $400, before selling off and coming down significantly, to make a relative low trading at $397.75. Despite this relative weakness in the markets, we quickly moved up and chopped around until FOMC minutes came out, where we went to make an official high of day trading at $401.13 after minutes were released.
Once everyone started to process the data, we watched as $SPY sold off quickly to make an official low of day trading at $397.02.
It was a tough time to actively scalp after the minutes were released unless you played towards the downside, but C’est la vie. We ended the day officially with $SPY trading at $398.54, down −$0.55 or approximately -0.14%, with an intraday movement of -0.25%.
Rough day for the markets with many opportunities to create some great plays and realize some gains in the process. Great job to anyone who made either realized or unrealized gains yesterday. Keep up the great work and let’s go on and kill it again today!
Thoughts & Comments for Today 2/23/2023
Today will be a fun day for the general markets and for traders alike. With relative confidence in the equity markets, please take advantage of all of the opportunities that are presented to you today. This bullish momentum will only last in the relative short term, so seize any opportunity to realize some gains today. Be quick with your scalps and continue to practice safe risk management.
I still personally believe that the markets are going to continue to come down over the next couple of days, so do not look to allocate long in the general markets yet, but still capitalize on the momentum in the market in the short term. Semiconductors should do great as a result of $NVDA earnings yesterday and general tech should do great too.
This momentum will not last, so please be careful and practice safe risk management. Hold your positions and make the most out of this relative confidence.
The positions I currently am watching at the moment is overall movements on $SPY, while holding my April $400 puts and watching $AMC, as I have a significant amount of $5 CSP’s open at this time. I usually do not like playing companies like $AMC, but with the opportunities that are available in the market at this moment, I will either collect a 30% premium over the course of the next three weeks on this play, or get assigned my shares of $AMC at $3.50. The AMC play itself is extremely risky, but it is providing us with an amazing opportunity to make a significant amount of gains in the short term. I do not anticipate adding to my $SPY short position unless $SPY reaches $410 in the next two days, nor anticipate adding to the $AMC CSP unless we break $5 and the relative premium is still significant. I do not anticipate trading either today or tomorrow, but if there is an amazing opportunity that I cannot pass up, I will let you all know about my entry in real time in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was a tough day for the markets and it showed with the algorithm results, none of our algorithms were profitable, but many out performed the market. This was expected due to the lack of confidence in the general markets. It was a good day for our technical analysis, but tough day in the greater markets. Oh well, losses were not substantial and out neutral strategy worked well.
The results of yesterday are as followed:
Baseline:
$SPY: -0.25%
Our Results:
Sector Neutral: -0.01%
Market Neutral: -0.03%
Variable Market Neutral: -0.09%
Base Algorithm: -0.19%
Variable Sector Neutral: -0.27%
Long Term Portfolio: -0.37%
For today, again, please be careful taking any of these alerts blindly as market conditions are not optimal for intraday success. Today is more optimistic for traders compared to the previous couple of days, but regardless, cherry pick the positions you are the most confident in, and set stops in guaranteed profit to limit your downside risk!
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 , $AMC, $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 2/23/2023
Initial jobless claims - 8:30 AM ET
GDP - 8:30 AM ET
Atlanta Fed President Bostic speaks - 10:50 AM ET
Notable Earnings for 2/23/2023
Pre-Market Earnings:
Alibaba (BABA)
American Electric Power (AEP)
American Tower Corp (AMT)
Bath & Body Works (BBWI)
CBRE Group (CBRE)
Bausch Health Companies (BHC)
Domino's Pizza (DPZ)
NetEase (NTES)
Moderna (MRNA)
After-Market Earnings:
Intuit (INTU)
Booking Holdings (BKNG)
EOG Resources (EOG)
Block (SQ)
Autodesk (ADSK)
Warner Bros (WBD)
VICI Properties (VICI)
Edison International (EIX)
Live Nation Entertainment (LYV)
Alliant Energy (LNT)
Wrap up
Overall, please be safe while trading today, but take advantage of all of the opportunities that are presented to us. Watch out for a downturn in the markets and use this as an opportunity to open some general bearish allocations in the short term. Realize some gains while trading today and have some fun in the process!
Good luck trading today, and let’s make some bank!