HaiKhuu Daily Report 2/27/2023
Good morning and happy Monday! Markets are up slightly from close on Friday, and this should be an exciting week for the markets. We are going to have a difficult week on the markets, so please mentally and physically prepare to actively trade as there will be many opportunities to scalp & day trade.
Expect to see some bearish momentum today and tomorrow, followed by hopefully an extremely green day on the 1st of the month.
I am out of all my significant bearish positions at the moment. There is a good chance we continue to come down, but realistically I believe we are close to the short-term bottom. We may continue down over the next couple of weeks, so remain fluid and go with the general momentum in the markets.
Good luck trading this week, and let’s make some BANK!
Thoughts & Comments from 2/24/2023
Last week, despite being a short week, was a tough week for the average trader as there was a lack of momentum in the markets, followed by some significant bearish momentum. We hovered in the $400 range consistently, providing us with a significant amount of chop and general difficulties attempting to play the momentum.
The average trader should have unfortunately lost cash while attempting to trade last week, but that was expected as the market conditions were not optimal in any way, shape, or form. If you lost money, do not kick yourself, as a lot of traders had the same issue, but if you were profitable, give yourself a pat on the back.
We started the week off weak, with $SPY gapping down into open and continuing down for the whole day and bringing us to the $400 range on $SPY. We remained there for essentially the whole week, except Thursday, where we sold off extremely hard and quickly but recovered back up to $400, and Friday, where we saw a significant amount of general bearish momentum.
On Friday, we opened the day with $SPY trading at $395.47. From open, it was an extremely choppy day, with the markets moving up and making a relative high above $396 and coming down significantly to test $394. We made an official low of the day with $SPY trading at $393.65 before slowly recovering and moving up throughout the rest of the trading day.
Going into power hour, we made our official high of day trading at $397.24, and we came down into close. We ended the day officially trading at $396.38, down $4.28 for the day, or approximately 1.07%, with an intraday movement of +0.24%. For the week, $SPY was down approximately $7 from open on Tuesday and $11 from close on Friday.
It was a tough time for the general markets but a great time for anyone who was bearish on the overall markets or was looking to capitalize on the volatility by selling premium.
Great job trading last week, and let’s kill it today!
Thoughts & Comments for Today 2/27/2023
Today should be a fun day for the general markets as we are provided with some general bullish momentum going into the open. Despite the opportunities that are available today, please do not get blindsided. This is short-term momentum that is not going to last. I believe we will come down both today and tomorrow, but present us with an amazing opportunity to go long over the course of march.
There will be many trades available today, please just make sure to practice safe risk management. Traders today will have a relatively easier time, but that does not mean you should take on extra risk. Be smart and realize some gains when given an opportunity to do so, and look to swing trade some solid positions over the next couple of days.
Scale in your entries on long general positions in the markets, and average down when given an opportunity to do so.
Lots of money will be transferred over the next couple of days, so be on the right side and go get your bread.
We still are in greed on the fear and greed index, meaning there are still opportunities to come down, but we have settled in terms of general sentiment in the markets where in the short term, we are looking rough, but in the grand scheme of things, there are still great opportunities to actively trade and invest in the markets.
As stated before, I am already out of my $SPY puts and do not anticipate getting back into them anytime soon. The only major position I am still holding is the position that I currently have in $AMC. I am still in my 50 AMC $5 puts that I will be holding until expiration, or at least until after earnings. I have already taken off 1/3rd of the position and unless the premium gets decimated today, before earnings tomorrow. I will exit, or else I will hold the position and relax. I need $AMC to drop approximately 45% to lose money on this play at this moment, so I am going to let it ride and do its thing.
Please just continue to stay liquid when given an opportunity to do so, and make sure to capitalize on the bullish momentum while it is available.
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 tough week for the general markets, and that did impact the results of our algorithms. Our neutral strategies consistently outperformed the market throughout the entire week, with our market-neutral strategy providing profits. The LTP and base algorithm performed in line with the markets, not deviating too heavily. We expected to see a movement like that with the general markets acting the way that it is. Rough week for everything but C’est la vie.
The results of last week are as followed:
Baseline:
$SPY: -1.21%
Our Results:
Market Neutral: +0.05%
Sector Neutral: -0.31%
Variable Market Neutral: -0.6%
Variable Sector Neutral: -0.65%
Long-Term Portfolio: -1.1%
Base Algorithm: -1.3%
For today, please be careful taking any of these general allocations. I am expecting relative strength in the markets, providing us with many opportunities to trade and realize some gains from these alerts. So please just take the proper precautions while trading today and limit the amount of general exposure you are taking on. Set stops in guaranteed profits and limit the amount of risk and exposure you are taking. Cherry-pick your favorite positions from the group and maximize the profit potential you can generate.
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 2/27/2023
Durable goods orders - 8:30 AM ET
Core orders - 8:30 AM ET
Pending home sales - 10 AM ET
Fed Gov. Jefferson speaks - 10:30 AM ET
Notable Earnings for 2/27/2023
Pre-Market Earnings:
AES Corp (AES)
Global Partners LP (GLP)
Viatris (VTRS)
Li Auto (LI)
Essential Utilities Inc (WTRG)
Pinnacle West Capital (PNW)
TEGNA Inc (TGNA)
Blackstone Secured Lending (BXSL)
Kosmos Energy (KOS)
Fisker (FSR)
After-Market Earnings:
Occidental Petroleum (OXY)
Workday (WDAY)
ONEOK (OKE)
Heico Corp (HEI)
Zoom (ZM)
Ovintiv (OVV)
Darling Ingredients (DAR)
Universal Health Services (UHS)
Acadia Healthcare (ACHC)
MKS Instruments (MKSI)
Wrap up
Overall, we should be presented with many opportunities to trade and realize some gains while actively trading today. Be smart, be safe, and capitalize on the opportunities that are presented to us.
Good luck trading today, and let’s make some bank!