HaiKhuu Daily Report 3/10/2023
Good morning and happy Friday! Hope you traders are ready for what is going to be a tough day for the general markets. Markets are down slightly at the time of writing this report, and markets are not looking optimal at all in any way, shape, or form. We have officially reached the fear state in the current market on the Fear and Greed index. This is a bad sign for the optimistic traders but is giving us an amazing opportunity to capitalize on the momentum in the markets to look to allocate into smart and wise positions for the short term. Please continue to be rational with your trading logic and capitalize on the opportunities presented to you. Make sure to have cash on hand to allocate long once we’ve hit a relative bottom, and as always, look for opportunities to capitalize on the momentum in the short term. Despite there being fear in the markets, does not mean we will come straight down. We will see some of the LARGEST runs we will see in the short term as a result of this. Stay solvent while the markets are irrational, and you will be able to print money with relative ease when the markets come back and act normally.
Please be smart, please be safe, and please practice safe risk management at this time. Once this generalized movement has passed, we will all make some BANK. So good luck in the short term, and let’s have a great time.
Thoughts & Comments from 3/09/2023
Yesterday was a tough day for the general markets, with a significant amount of bearish momentum. There really is not much positivity that can be said, unfortunately. $SPY was actively testing $400 all morning, but once we broke that level of confidence, things just went downhill, and things went downhill extremely quickly.
We opened the day with $SPY trading under that $400 level, at $399.71, before quickly moving up and showing relative confidence for the shortest amount of time. We actively chopped and tested that $400 level until we broke down, and when we broke down, we broke down extremely quickly. $SPY did make a high of day trading at $401.47, but that is not significant compared to the movements that happened in the greater markets.
While Biden was speaking, we watched as $SPY continued to sell off, and there really was no good sign or opportunity to take back any of the incurred losses.
$SPY went on to continue to sell all the way until power hour, where we did see the selling slow down around the official low of the day, where $SPY made a low at $390.53, down significantly from open but watched as we recovered back ever so slightly into close.
We ended the day with $SPY trading at $391.56, down $7.36 for the day, or approximately 1.84%, with an intraday bearish movement of -2.04%. We are down almost 4% from the top just a couple of days ago. This bearish momentum should not concern us in the short term but should give us a signal to prepare for what is about to happen in the greater markets. Prepare for chop and some greater bearish momentum in the markets. Please be smart at this time but utilize this as an opportunity to trade and realize some gains.
Hopefully, the incurred losses yesterday were not significant, and you were able to make the most out of all the opportunities that were available to you. Let’s go on and kill it not only today but for the next couple of months.
Thoughts & Comments for Today, 3/10/2023
Today, please be safe with your allocations. It will be a difficult time as a result of the bearish momentum in the markets as a result of yesterday, but despite this, is providing us with an amazing opportunity to trade. Do what you can do now to actively prepare for what is coming up in the markets. I am expecting a significant amount of chop in the greater markets over the next couple of weeks, if not months, so use these as buying opportunities to load up on equities you feel the most confident in.
Lots of people will get burnt over the next couple of weeks in an attempt to catch what they believe is a relative bottom or get greedy and increase risk while attempting to trade. This is NOT the time to increase risk, but this is a great time to allocate a long and start to purchase equities at a great price. Do not enter 100% of your position at this moment. Scale into your position slowly and continually add when given an opportunity to add at a better price. I would recommend you stay away from speculative organizations that “Should” go up over time and stick to fundamentally solid organizations that you can add with relative confidence. High-beta tech stocks should do amazing once the markets go up but will continually get hit while the markets are at this indecisive point. Do not look to add into plays that you hope will go up, but add to plays that you know are fundamentally undervalued, and it is a company that will never fail. Organizations I would recommend are companies like $AMZN, $GOOGL, $AAPL, and $MSFT. These are obviously the safest plays of the bunch but will be the most consistent over time. If you want something riskier, you could look at companies like $NVDA, $META, and $RBLX, but those are significantly higher risk, mostly to enter in right now, and will prospectively move significantly more than its comparables. Keep holding cash when given an opportunity to do so, and allocate it wisely.
As this is Friday, and the markets are down significantly at this moment, I would highly recommend you look into selling 0DTE CSPs on equities that you have confidence in and that you believe realistically will not hit your strike price. I think because I personally am in $RIVN, I will be looking to sell a significant amount of 0-DTE CSPs at the $13/$14 strike price and ride those for approximately 50-75% decay over the span of the day and close those out early when given an opportunity to do so.
Markets are in a difficult spot right now as we have officially broken the $400 support level on $SPY and are getting news that is heavily impacting tech, crypto, and banking, but this is an amazing opportunity to buy when there is fear in the markets. Be smart, allocate wisely, and remain solvent while the markets are irrational. Things will be fine. There is nothing to worry about in the short term, and there will be a lot of opportunities and upsides in the near future (3-6-9 Mo).
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 tough day for the general market, but despite this, our algorithm and active systems beat the markets by a large margin. Our bullish strategies did lose money, but they did a great job, as we were able to minimize losses in comparison to the markets. Our neutral strategies outperformed, with our market-neutral and sector-neutral strategies generating profits, beating the performance of the market by roughly 2.5%~.
Great job for anyone who took on any of our neutral strategies yesterday!
The results of yesterday are as followed:
Baseline:
$SPY: -2.04%
Our Results:
Market Neutral: +0.48%
Sector Neutral: +0.23%
Variable Market Neutral: -0.33%
Variable Sector Neutral: -0.46%
Base Algorithm: -1.47%
Long-Term Portfolio: -1.53%
To get an in-depth analysis of the performance of our Algorithms, check out Asher’s Report!
Please be careful in these current market conditions allocating too heavily blindly into any of the base algorithm tickers. Cherry-pick your favorite positions that you personally believe will outperform today and realize some gains when given an opportunity to do so. Practice safe risk management and make sure that you set stop losses and move those limits up to guarantee profit.
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.
Algorithmic Alerts for 3/10/2023
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, $TSLA, $MSFT , $NVDA , $AAPL , $META
Free Equity List:
Safe - $SPY
Risky - $RIVN
Position Opportunities:
Start allocating slowly into the markets
Invest in smart positions that you have confidence in
Start DCA-ing in positions you want to hold over the course of time.
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Riskier EV Play - $RIVN
Economic News for 3/10/2023
Employment report - 8:30 AM ET
U.S. unemployment rate - 8:30 AM ET
Federal budget - 2 PM ET
Notable Earnings for 3/10/2023
Pre-Market Earnings:
Embraer (ERJ)
Buckle (BKE)
RLX Technology (RLX)
Target Hospitality (TH)
Genius Sports Limited (GENI)
Wrap up
Overall, please just be smart while trading today and in the near future, there is a lot of uncertainty in the markets and everything is acting irrationally. Stay liquid while the markets are irrational and take advantage of all the opportunities that are available in the short term. Practice safe risk management and realize some gains when given an opportunity to do so. Be smart and allocate long into the markets slowly and look to sell some 0-DTE CSPs today.
Good luck trading today, and have a great weekend!