HaiKhuu Daily Report 3/16/2023
Good morning and happy Thursday! Markets are down ever so slightly at the time of writing this report, but conditions will change heavily during this pre-market session as a result of economic news coming out at 8:30 am EST. Let’s all hope that the market moves up with relative confidence in the short term and provides us all with an opportunity to capitalize on the momentum in the markets. There will be many trading opportunities today to take advantage of the ability to create positions with relative ease. Make smart allocations and have a great time.
Before we get started on the report, I do want to announce the NEWEST AI-Bot that we have created for the HaiKhuu Discord. At this moment, it is called TradeBot, but we will be renaming it soon. It is using AI & GPT to provide technical and fundamental analysis. Think of Chat-GPT and what it can do for general conversation, but now imagine if it could provide you with charts, graphs, and fundamental analysis. Please feel free to use this in the #Bot_Commands room in the Discord and test it out!
A couple of prompts we recommend you try out are:
”How does X STOCK make its money”
“Explain X Technical Analysis Term”
“Who are the largest institutional holders of X STOCK”
Please feel free to try out this bot, please just do not abuse it and ask it random questions like you would with Chat-GPT, as there is a cost associated per prompt it creates, I do not mind personally funding the operations, but if it gets too costly as a result of abuse, we will either limit utilization or have to slow down response rates.
Thoughts & Comments from 3/15/2023
Yesterday was an interesting day for the markets but provided us with some significant momentum giving us many opportunities to trade.
We started the day with a significant amount of bearish momentum, with $SPY closing on Tuesday at $391.70 and coming down all the way to $385.45 at open. We chopped around pretty much all day without any good logic or reason other than the current market condition, providing us with a general lack of confidence.
Around lunchtime, we did see $SPY make an official low of day trading at $383.72, showing relative support in that range, as after we did hit that relative bottom, $SPY went and pushed throughout the entire rest of the day.
We quickly recovered all of the intraday incurred losses with relative ease as $SPY started to consistently move up going into power hour, and we made an intraday high of the day on $SPY going into close. The high of the day was $389.48, and $SPY officially closed the day trading at $389.28, down $2.42, or roughly 0.62% from the previous close, but with a positive intraday movement of +0.88%.
Hopefully, you all were able to capitalize on the opportunities that were available to us yesterday. I know a lot of us got into $CS yesterday. So best of luck to anyone who is still in that position, and just make sure to realize gains when given an opportunity to do so today!
Thoughts & Comments for Today, 3/16/2023
Today will be an extremely momentum-based day in the general markets. With significant global economic news coming out today, the direction we go and maintain will come directly from how people interpret the data and react. Assuming that general news is fine and the markets do not continue to stumble in the short term, we will move up accordingly and be provided with an amazing opportunity to actively trade and realize some gains in the short term. Take advantage of the opportunities available to trade today and maximize the profit potential available.
I would recommend the 99% to stay away from looking at $CS, but it is providing us an amazing opportunity to trade in the short term. There is an extremely high risk-to-reward ratio in the short term, with news of them getting bailed out and being able to borrow 50 Billion Swiss Francs ($54B USD). This does impose long-term issues with the organization but reduces the short-term to zero risk, well, almost down to zero. There is still a chance that the company goes under, but the realistic chance of that happening is slim to none at this point.
Please remain careful and cautious in this market as a lot of traders will get burnt over the next couple of days, but as I have been saying before, start allocating into strong positions you have confidence in and make sure to practice risk management. Allocate slowly into the market and scale into your full position when given an opportunity to do so. Risk management will be the key to your success in the short term with the significant amount of volatility in the markets right now.
One thing I would highly recommend you look into at this point in time is to allocate directly into selling some CSPs as VIX is still high, the cost of equities is low, and it will provide you with an amazing opportunity to realize some gains within the next two days with relative ease. The gains will not be sexy in any way, shape, or form but provide you with an opportunity to capitalize on this short-term increase in volatility with relatively low risk.
Remain liquid while the markets are in this extreme fear state, but capitalize on the opportunities that are available to us. Realize some gains when given an opportunity to do so and have some fun in the process of everything!
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 markets, with a significant amount of bearish momentum prior to markets opening, but regardless of the pre-market movement, our algorithm did absolutely amazing in the short term. Our base algorithm outpaced the markets by a large margin and I am very happy with these results!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.88%
Our Results:
Base Algorithm: +1.38%
Variable Market Neutral: +0.87%
Long-Term Portfolio: +0.79%
Variable Sector Neutral: +0.72%
Market Neutral: +0.33%
Sector Neutral: -0.23%
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 3/16/2023
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, $CS, $META , $AMZN , $BA , $AAPL , $MSFT
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 3/16/2023
Jobless claims - 8:30 AM ET
Import price index - 8:30 AM ET
Housing starts - 8:30 AM ET
Building permits - 8:30 AM ET
Philadelphia Fed manufacturing - 8:30 AM ET
Notable Earnings for 3/16/2023
Pre-Market Earnings:
Dollar General (DG)
KE Holdings (BEKE),
Jabil Inc (JBL)
Academy Sports and Outdoors (ASO)
Signet Jewelers (SIG)
Hello Group (MOMO),
Janus International Group (JBI)
After-Market Earnings:
FedEx Corporation (FDX)
Montauk Renewables (MNTK)
Wrap up
Overall, this will be a fun day for the markets, so do what you can to capitalize on the opportunities that are available to you in the short term and do what you can do to realize some gains to enjoy this weekend. Make smart plays, seize any trades that are presented to you, and make some bank today! As always, practice safe risk management, and start to build out some solid allocations while the price of equities is cheap.
Good luck trading today, and let’s make some bank today!