HaiKhuu Daily Report 3/13/2023
Good morning and happy Monday! I hope you traders had a great weekend and enjoyed the time away from the markets but are ready for a relatively intense week for general equities. We have officially reached extreme fear on the Fear & Greed index, which is a sign of possible optimism that this could be the relative bottom or a sign of continued selling in the relative short term.
Just know that once the markets do attempt to recover, the recovery will be fast, and we will see some significant green when given an opportunity to trade with relative confidence. So please be safe when attempting to allocate into the markets at this point because this selling is going to continue with ease until it stops, and then we will watch as we see some significant bullish momentum while recovering.
Practice safe risk management in the short term, but make sure you are properly allocated into the general markets to assure that once this bullish momentum does start, you are able to capitalize on the run. Stay liquid while the markets are irrational, and allocate with confidence at the bottom.
Thoughts & Comments from 3/10/2023
Last week was a difficult time for the greater markets, with a significant amount of bearish momentum throughout the entire week. We watched as the majority of individuals have a tough time actively navigating while the markets continually sold off throughout the day. We started the week looking relatively strong, with $SPY opening on Monday around $405, and saw some slight bullish movement throughout Monday but nothing of any major significance. Tuesday is where the fun started. Going into Tuesday, we watched as Jerome Powell caused the markets to sell off, testing $400, and watching as there was significant bearish momentum. We broke under $400 and tested it for a little bit until we officially got news that Silicon Valley Bank ($SIVB) did not have the funds to continue operations as normal, falling significantly and dragging the greater markets down significantly.
SVB failed as an organization, and the FDIC had to step in and bail out their clients. This was the LARGEST bank failure since the 2008 crisis.
On Friday, $SPY started the day trading at $391.00, with relative optimism. We watched as the markets chopped around significantly and attempt to go green intraday, with no ability to hold. We did make a high of day trading at $393.16 but watched as the markets sold off and continued to sell off throughout the entire rest of the trading day. We did make an official low of day trading at $384.33 and watched as the markets moved up into power hour, but as expected, despite this slight bullish momentum, we watched as the markets came down accordingly, resulting in us closing the day with $SPY trading at $385.91, down $5.68 for the day, or approximately 1.45%, with an intraday bearish movement of approximately 1.3%.
We were down 4.8% from open on Monday, which did not provide us with a great opportunity to make any gains in the relative short term, but will continue to provide us with an amazing opportunity to allocate long this week. Stay strong while the markets are weak, and let’s have some fun in the process of everything!
Thoughts & Comments for Today, 3/13/2023
Today will be a tough time if you are actively trading. I am warning you all now that in the short term, traders will either have an amazing time and realize a significant amount of gains or have an absolutely terrible time and lose a significant amount of money. Please be wise in these current market conditions, as even if you are diligent and are making smart positions, there is a good chance you will lose money trading today. Some of the best traders you know today will have a difficult time over trade and, unfortunately, realize some losses today.
To be profitable trading today, you have to be reasonable, level-headed with your allocations, and a lot of bit lucky. In the short term, this will be difficult finding the relative bottom and attempt to capitalize on it in the short term.
But in light of what I just said, the patient trader will be the one who will make the most realized gains in the short term because of this. The investors who sit back and utilize these market conditions as an opportunity to purchase some strong equities at an amazing price will be able to benefit the most, as they are able to allocate with confidence in the markets, wait out the market conditions, and relax during this time of fear.
The markets only dropped roughly 5%, and we dropped from greed to extreme fear. This is a terrible sign for the condition of the marketplace, as a 5% drop in the greater markets is not a significant drop at all. Buy when there is fear, and look to capitalize on the cheap opportunities. A couple of organizations I am extremely interested in purchasing at a heavy discount are $GOOGL (Tech), $JPM (Financials), and $RIVN (EV Risk Speculation)
I recommend anyone who is looking to enter now or in this area to scale into your position slowly and add accordingly when given an opportunity to do so. Continue to maintain cash ready to allocate when necessary, but capitalize on these cheap prices. We will see some short-term bullish momentum soon, providing us with an opportunity to realize gains in the short term on these positions and provide us with relative confidence that the world is not going to end.
Just make smart allocations and hold them to assure you are not over-trading in the short term and make sure you have 100% conviction on any positions you do anticipate entering.
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 the results of that showed in the performance of the algorithm. The algorithm itself was not able to generate profits, but that was due to greater market conditions not being optimal. Despite it incurring a loss, our algorithm did outperform the markets by a slight margin, with our neutral strategies performing significantly better than the markets and our general market neutral strategy generating profits. Technical analysis was difficult last week, with the long-term portfolio outperforming the base, but C’est la vie, it was an extremely difficult week for everyone across the board.
The results of last week are as followed:
Baseline:
$SPY: -4.8%
Our Results:
Market Neutral: +0.3%
Sector Neutral: -0.22%
Variable Market Neutral: -1.64%
Variable Sector Neutral: -1.87%
Long-Term Portfolio: -4.08%
Base Algorithm: -4.46%
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
Please be careful in the base algorithm blindly at this moment. Market conditions are not optimal at this time, so please do your proper due diligence on any of these positions and cherry-pick the positions that you personally believe will outperform the markets today. Practice safe risk management and have your stop losses in place. Increase those stops to be in guaranteed profit when given an opportunity to do so, and take as much risk off the table as possible.
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 3/13/2023
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 3/13/2023
No economic news is scheduled.
Notable Earnings for 3/13/2023
Pre-Market Earnings:
Lufax Holding (LU)
ZIM Integrated Shipping (ZIM)
After-Market Earnings:
GitLab Inc (GTLB)
Getty Images Holdings (GETY)
Amylyx Pharmaceuticals (AMLX)
SEMrush Holdings (SEMR)
Wrap up
Overall, please be smart with your allocations, but look to start adding now while we are in extreme fear. Scale into your position slowly and look to allocate into fundamentally solid organizations that have fallen as a result of greater market BS that does not directly impact their operations. Enjoy the process of everything but capitalize on this opportunity. This will be tough in the short term, but market conditions will get significantly better very soon.
Good luck trading today, and let’s go on to kill it this week!