HaiKhuu Daily Report 3/01/2023
Good morning and happy March! Hope you all are feeling amazing and are hyped for today! Markets should do well… should. The market, as always, has a mind of its own and can do whatever it would like. I do personally expect that $SPY over the next couple of days should continually chop around this $400 level until there is a confirmation of the direction we are headed. Please continue to be safe while actively trading, but there will be some amazing opportunities to actively trade and realize some gains in the relative short term. Capitalize on the opportunities that are presented to us and realize some gains while you can!
Be smart with your positions, practice safe risk management, and seize the moment!
Thoughts & Comments from 2/28/2023
Yesterday was a tough day for the general markets, with both bullish and bearish momentum throughout the day. We started the day off relatively strong despite $SPY starting the day with some bearish momentum. $SPY started the day trading at $397.25 and chopped around consistently for pretty much the entire morning. $SPY did move up throughout the entire morning with some general bullish momentum. We made an official high of the day after testing the $399 resistance at $399.28. There was not enough momentum to break through this resistance level which did result in us coming down for the rest of the day. We continued to sell off through power hour, resulting in us making an official low of the day going into the market close. The official low of the day was $SPY 396.18, and we closed the day at $396.26, down $1.47 from the previous close, or approximately 0.37%. It was a tough day for the general markets but provided us all with opportunities to actively trade to the bullish and to bearish side of things.
Hopefully, you all capitalized on the opportunities available and realized some gains in the process. $RIVN was a tough play after hours resulting in some incurred losses, but C'est la vie. It is what it is, I am not worried about the situation and will continue to hold my positions accordingly.
Thoughts & Comments for Today, 3/01/2023
Today should be a fun day for the general markets. Historically, the first couple of days in March are bullish days for the market that are followed up by general bearish undertones in the markets. I am starting to personally look into allocating long into strong positions and start loading up the bag again on general equities.
Look for strong equities that you believe, over the course of time, will net you a sizable return. The best way to find organizations you want to invest in, is to find undervalued stocks that you personally believe that over the next couple of months, will perform exceptionally well in perspective to the market. A couple of companies I am personally interested in investing in are $GOOGL, $RBLX, and $RIVN.
I am bag-holding $RIVN shares from earnings yesterday. I have a sizable position, but nothing that I have to really worry about in the short term. In the case this equity does come down more, I will average into the position accordingly and continue to hold as I personally have faith in the organization. If you are in $RIVN with me per my message in the Discord yesterday, please DM me proof of entry and send me a Venmo request for your position. I would recommend you hold your shares, but if you’d like to get out, feel free to use me as exit liquidity.
Please be careful when looking to invest too heavily in the markets at the moment, but capitalize on the opportunities to start entering at a great price. I still personally believe that we will see some significant movement over the next couple of months, but again, as I’ve been saying before. You just have to make sure that you are remaining liquid while the markets are acting irrationally.
If you are trading, please take advantage of the quick opportunities that are presented to you. Today should be filled with chop as we still are below the $400 resistance level. It will be difficult to actively trade in real-time, but looking back at the day, there will be many, many clear signs of reversal and opportunities to trade.
Just make sure you all are practicing safe risk management, and start to look into what organizations you personally are interested in purchasing. The general bearish sentiment in the market is slowing down, which is a great sign for the markets and is presenting us all with an opportunity to make a significant amount of money in the short term.
Bulls will make money, bears will make money, but the pigs will get slaughtered in the upcoming months. Remain liquid, and do not get greedy.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was a rough day for our systems. Our neutral strategies outperformed the general markets, but our long-term portfolio underperformed significantly. C’est la vie, safety plays had a tough time yesterday, and that was reflected in our performance. Our technical analysis did outperform our base algorithm, which is a great sign for our general systems and algorithms, but despite this, did not outperform the markets. Oh well, life moves on.
The results of yesterday are as followed:
Baseline:
$SPY-0.23%
Our Results:
Sector Neutral: +0.01%
Variable Market Neutral: -0.15%
Variable Sector Neutral: -0.19%
Market Neutral: -0.22%
Base Algorithm: -0.29%
Long-Term Portfolio: -0.81%
For today, please be careful taking any general alerts. Markets should perform prospectively better as there is more confidence going into the new month, but as a result, I want to warn you all to be careful of the general market consistency at this point.
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 , $RIVN, $BABA , $TSLA , $NVDA , $F , $GOOG/L , $AAPL
Free Equity List:
Safe - $SPY
Risky - Don’t play anything risky.
Position Opportunities:
Start allocating slowly into the markets
Invest in smart positions that you have confidence in
Start taking profit on shorts & hedges
Start DCA-ing in positions you want to hold over the course of time.
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Economic News for 3/01/2023
Minneapolis Fed President Kashkari speaks - 9 AM ET
ISM manufacturing - 10 AM ET
Construction spending - 10 AM ET
Notable Earnings for 3/01/2023
Pre-Market Earnings:
Royal Bank of Canada (RY)
Lowe's (LOW)
Dollar Tree (DLTR)
Horizon Therapeutics (HZNP)
NIO Inc (NIO)
Abercrombie & Fitch (ANF)
Bright Health Group (BHG)
Vistra Energy (VST)
Jack in the Box (JACK)
Kohl's (KSS)
After-Market Earnings:
Salesforce (CRM)
Snowflake (SNOW)
Veeva Systems (VEEV)
Splunk (SPLK)
Okta (OKTA)
Jazz Pharma (JAZZ)
Agilon Health (AGL)
Plug Power (PLUG)
Pure Storage (PSTG)
Celsius Holdings (CELH)
Wrap up
Overall, please just be smart in the current market conditions but capitalize on the opportunities that are available to us at this moment. Start looking into organizations you want to add to, and make sure to practice safe risk management and limit your exposure in the short term. Remain liquid while the markets are irrational but seize the moment.
Good luck trading today, and let’s make some bank!