HaiKhuu Daily Report 2/28/2023
Good morning and happy Tuesday! Hope you all are feeling amazing and are hyped to trade today! Markets are trending up again, and it would not surprise me if this is another opportunity for $SPY to test $400. I believe there will be some bearish momentum going into the end of the month, but this gives will give us many opportunities to trade and realize some gains playing both to the upside and to the downside. Please be careful while trading today but take advantage of trades available in the short term.
Get ready because this is going to be a fun day to actively trade!
Thoughts & Comments from 2/27/2023
Yesterday was an interesting day for the general markets, with a significant amount of general volatility and bearish momentum. $SPY opened the day significantly green from close on Friday as we watched as $SPY opened the day right under $400 at $399.91, moved up ever so slightly, officially breaking the $400 resistance level, and making a high of day trading at $401.28, and we watched as the markets had a significant amount of confidence as we rallied above $400. It was a beautiful sight for all of half an hour before we started to watch the markets sell-off and continue to downtrend throughout the entire day.
$SPY quickly dropped below $400 as fast as it broke out, and as I stated before, we watched as $SPY continued to downtrend throughout the entire day. $SPY found some support at the $398 range before continuing to chop around. Going into power hour, we watched as $SPY made its official low of the day, selling off once again, with $SPY making a low at $396.77. We recovered back up ever so slightly from the bottom, where we officially closed the day with $SPY trading at $397.73, up $1.34 or 0.34% from the previous close on Friday, with an intraday movement of -0.54%. It was a tough time for the general markets, but it provided us with many opportunities to actively trade and realize some gains in the process.
I hope you all were able to capitalize on the opportunities that were presented to you. There were many opportunities to trade and take positions off the table. $AMC went crazy yesterday as it squeezed preparing for earnings that are happening today after hours, I sent out a notification to take off your $AMC CSPs yesterday, collecting roughly 80% of the total premium that was available, or approximately 24% ROI in less than a weeks time. If you have not exited those CSPs yet, I highly recommend you get out and realize your gains, as there is an opportunity to get out and take all risks off the table.
Great job trading yesterday, and let’s go on to kill it again today!
Thoughts & Comments for Today 2/28/2023
Today should be a fun day to end the month. As I said before, I believe that this will be a relatively easier trading day, with many opportunities to trade, but realistically it will be difficult for the average trader. I believe there will be a significant amount of chop and general volatility in the markets that will, as I said before, present us with many opportunities to trade but also many opportunities for people to get burnt and realize some significant losses. If you are smart, you should have no problem realizing some gains in the short term. The best way to trade today is not to take on too much risk.
Look to start to allocate long into the general markets at the moment. I have closed out all of my general bearish positions at the moment and am holding a significant amount of cash at this point. I have not started to allocate long into the general markets yet as a result of a lack of confidence in the general markets but will start to allocate long very soon. A position I am very interested in right now is $GOOGL. If/when we see $GOOGL in the mid $80’s range, I will look to allocate long with relative confidence that we can hold until the end of the year. In the case the general markets continue to come down over the next couple of months, I will look to continually average into the position and take on leaps to get the best average possible on a bullish position.
As I have said before, I am expecting to see some significant bullish momentum towards the end of this year, so in the short term, I will be fluid and navigate the chop while sitting back and relaxing, relatively stress-free, until better opportunities are available.
Q2 will be the start of a load-up time for me, and I will take advantage of any opportunities that are available in Q3. This should be a fun time for the general markets as a result of the short-term bearish sentiment, giving us a great opportunity to purchase in the near future for a great price, and all we gotta do is be able to remain liquid while the markets are irrational to provide us all with an amazing return at the end of the year.
Please, again, continue to prepare to load up for Q4, I know this is multiple months away, but do what you can do now to prepare for the future then. Markets will be extremely profitable for you at that time, so you should do what you can do now to prepare.
Be smart, find good investments, and look into possible alternate assets that interest you and provide you with an amazing return in the short term. I personally am investing heavily in the short term in alternate assets that I believe will outperform the markets in the short term to provide liquidity when the markets are at a low and my assets are at a relative high, and can alternate between the assets.
Example; $100 in alternate assets vs $100 in $SPY
Asset increases 25%, $SPY drops 10%
Value of assets, $125, value of $SPY $90
Sell off alternate assets and reinvest into $SPY.
Purchase $125 of $SPY & vibe as $SPY goes back up.
Perspectively, $SPY only dropped 10%, but I would be able to get 35% more spy in my purchase for the same amount of capital.
Risk-free assets that you understand well that will net you a sizeable return will be more beneficial in the short term to allocate long into the general equities market in the future.
Be smart with these positions, and stay away from general NFTs and crypto, despite the opportunities that are available, which will increase risk heavily in the short term.
These positions will be different per person as not everyone has the same ideas for risk-free assets that they can invest in, but if you have an opportunity to invest, might as well.
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 interesting day for the markets that provided many opportunities to trade. Our base systems were in line with the markets, but our technical analysis did beat the markets slightly. Neutral strategies did well as they outperformed the markets, and the general neutral strategies did provide us with an opportunity to realize some gains. Great job to anyone who made some profits off our systems yesterday!
The results of yesterday are as followed:
Baseline:
$SPY -0.54%
Our Results:
Market Neutral +0.25%
Sector Neutral +0.21%
Variable Market Neutral -0.10%
Variable Sector Neutral -0.23%
Base Algorithm -0.36%
Long-Term Portfolio -0.58%
For today, as always, please be careful taking any general alerts today. This is a risky time to actively trade in the markets. I am warning you all not due to a lack of confidence in our systems but a lack of confidence in the general market consistency. Cherrypick your favorite positions that you believe will outperform and realize some gains when given an opportunity to do so. Set stop losses and increase those limits to guarantee some profits!
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 , $NVDA, $GOOGL , $TSLA , $AMD , $AMC , $BABA , $BA , $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 2/28/2023
Advanced U.S. trade balance in goods - 8:30 AM ET
Advanced retail inventories - 8:30 AM ET
Advanced wholesale inventories - 8:30 AM ET
S&P Cash Shiller home price index (20 cities) - 9 AM ET
Chicago Business Barometer - 9:45 AM ET
Consumer Confidence - 10 AM ET
Chicago Fed President Goolsbee speaks - 2:30 PM ET
Notable Earnings for 2/28/2023
Pre-Market Earnings:
Target (TGT)
Bank of Montreal (BMO)
Bank of Nova Scotia (BNS)
Sempra (SRE)
AutoZone (AZO)
JM Smucker (SJM)
Bentley Systems (BSY)
Advance Auto Parts (AAP)
ADT Inc (ADT)
Norwegian Cruise Line (NCLH)
After-Market Earnings:
Monster Beverage (MNST)
Agilent Technologies (A)
Ross Stores (ROST)
HP Inc (HPQ)
Verisk Analytics (VRSK)
Coupang (CPNG)
Ecopetrol (ECE)
Rivian Automotive (RIVN)
First Solar (FSLR)
Axon Enterprise (AXON)
Wrap up
Overall, please just watch out for current market conditions, people are going to either realize a significant amount of gains today or, unfortunately, realize a significant amount of losses. Do not risk your portfolio, and do not take on increased risk going into the end of the month. Limit your exposure, and if you are day trading, realize gains extremely quickly today.
Good luck trading today, and let’s make some bank!