HaiKhuu Daily Report 3/15/2023
Good morning and happy Hump Day! Markets are looking terrible, and I hope you are excited to trade today because it is going to be a crazy one. We have a significant amount of economic news coming out pre-market, and $SPY is already down over 1.5% since the market close.
With $SPY back in the $380~ range, watch for a test of support and expect a lot of choppiness in the current market. Our situation is not looking the best right now but is providing us with an opportunity to trade and capitalize on the opportunities available. Be careful attempting to go long when trading today, but if you are able to time the bottom out perfectly, you will be able to realize a significant amount of gains in a short period of time. I’ll go over everything later on in this report.
Thoughts & Comments from 3/14/2023
Yesterday was an interesting day for the markets that provided us with a significant amount of general momentum that no one expected. We saw some beautiful, consistent bullish momentum throughout the morning, watched as the markets sold off heavily towards the end of the day, and we watched as $SPY went black for the day and rallied into the close.
We started the day with $SPY trading at $390.44, down from close but with a significant amount of confidence, where we went and pushed for the first two hours of the day. We went on to make our relative high of the day during the lunchtime lull, with $SPY making its official high trading at $393.45, and topped out. We all watched as the markets came down significantly from the relative high, where $SPY was significantly red. During power hour, $SPY continued to drop, where it went on to make the official low of the day, trading at $387.05, down over 1%. During the last 45 minutes of the trading day, though, $SPY went on to close the day ever so slightly green, recovering all of the incurred losses throughout the entire day, ending the day trading at $391.73, up $0.03 for the day or approximately 0.0077%, with an intraday bullish movement of +0.31%.
It was a rocky day for the general markets but provided us all with an amazing opportunity to trade, realize a significant amount of gains, or get burnt.
Hopefully, you all were able to capitalize on the momentum in the general markets and realize some gains in the process!
Thoughts & Comments for Today, 3/15/2023
Today will be an extremely difficult day for the markets, but provide us with some solid opportunities to realize a significant amount of gains. Look to capitalize on the momentum in the markets, and if you are trading, prepare accordingly. There will be a significant amount of chop that will heavily impact the general markets, but at the same time, will provide us with many opportunities to trade. Follow the momentum of the markets and seize the opportunity to realize some gains. Lots of traders will have a difficult time in the short term, and a lot of traders will have a relatively easier time making a significant amount of gains.
This is an amazing opportunity to start scaling into the markets slowly, so use this as an opportunity to start a position or to start many positions slowly. I would not recommend you add a significant amount at these levels, but it is not the worst time to look to take advantage of this volatility and cheaper equity prices. Look for fundamentally solid organizations that are undervalued and that have little to no risk exposure. You will open up some amazing positions at what is a phenomenal price.
I would recommend relative caution while trading in these market conditions, as the markets will be heavily impacted by general economic news and market sentiment. Markets will move irrationally and provide a significant amount of chop, impacting the majority of active day traders and scalpers.
Cash will be king, and a great way to passively ride the wave throughout these turbulent market conditions is by selling premiums on option contracts and collecting money from purchasing T-bills. It is not sexy money in any way, shape, or form, but it is providing us with an amazing opportunity to easily navigate what is a more turbulent time.
Just be smart over the next couple of weeks and make sure you have the proper allocations to limit the amount of risk you are taking in the markets.
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 amazing day for our algorithms despite the turbulent market conditions. The Long Term Portfolio performed as expected in comparison to the general markets, but our base algorithm outperformed $SPY by a large margin, and almost all of our strategies beat the market. It is nice when technical analysis outperforms both fundamental analysis and the markets, and a great day to produce those results. A large amount of gains were derived from $NVDA, $META, and $MRK.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of last week are as followed:
Baseline:
$SPY: +0.31%
Our Results:
Base Algorithm: +0.98%
Variable Market Neutral: +0.86%
Variable Sector Neutral: +0.85%
Market Neutral: +0.5%
Long-Term Portfolio: +0.2%
Sector Neutral: -0.03%
With market conditions being less than optimal at the moment, please be cautious while taking any of these plays blindly. The list of tickers today is a very narrow group, so there will be larger allocations being recommended today. We recommend that you do your proper due diligence on any of these alerts and practice proper risk management. If you do decide to take on any of these bullish positions, make sure to set a stop loss at a major support level and limit your downside risk potential. I would recommend that you cherry-pick the positions that you believe will outperform in the markets today.
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 3/15/2023
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, $META , $AMZN , $BA , $AAPL , $MSFT , $SI, $AMC
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 3/15/2023
Retail sales - 8:30 AM ET
Retail sales ex-autos - 8:30 AM ET
Producer price index - 8:30 AM ET
Core PPI - 8:30 AM ET
PPI (year over year) - 8:30 AM ET
Core PPI (year over year) - 8:30 AM ET
Empire State manufacturing - 8:30 AM ET
Business inventories - 10 AM ET
Homebuilders survey - 10 AM ET
Notable Earnings for 3/15/2023
Pre-Market Earnings:
GDS Holdings Limited (GDS)
Sportradar Group (SRAD)
Arcos Dorados Holdings (ARCO)
Oatly Group (OTLY)
After-Market Earnings:
Adobe Inc (ADBE)
Franco-Nevada Corp (FNV)
ZTO Express (ZTO)
Five Below (FIVE)
UiPath (PATH)
Array Technologies (ARRY)
PagerDuty (PD)
Hesai Group (HSAI)
Wrap up
Overall, please PLEASE be careful while trading today. There will be many great opportunities to trade as a result of this bearish momentum and MANY opportunities to get burnt. A lot of traders will do well today, and a lot of traders will get slaughtered in the process. Many traders will actively and consistently lose money over trading and being emotional with their trades. Do not get emotional, use logic when trading, and capitalize on the opportunities presented to you. Do not force a trade, and practice safe risk management.
Look for opportunities to capitalize on selling premiums and take risk off the table when you can.
Good luck trading, and let’s make some smart plays today!