HaiKhuu Daily Report 3/17/2023
Good morning and happy Saint Patrick’s Day!!! Hope you all are excited to trade today because this is going to be one relatively insane time. Markets are relatively strong but prospectively still weak. In comparison to where we were on Monday at open, this has been an amazing time to trade and be invested in the markets, but compared to this time last month, it’s been a choppy ride.
With it being triple witching, expect to see a significant amount of chop during the beginning of the day, followed by relatively flat momentum and a significantly elevated amount of volatility and momentum to end the day. Traders will either have an amazing time capitalizing on the momentum throughout the day, realizing gains left and right, or will get burned by the general chop and momentum in the markets.
Look to sell some 0-DTE CSPs to capitalize on the volatility in the markets, and look to collect some extra premium going into the weekend!
Please be smart and safe while trading today, and take advantage of all the opportunities that are presented to you! Let’s make some bank and have some fun!
Thoughts & Comments from 3/16/2023
Yesterday was an amazing day for the general markets with a significant amount of momentum and provided us with many opportunities to realize a significant amount of gains. It was an extremely bullish day, and the majority of people should have had a great time.
The day started relatively slow, with $SPY starting the day red with a relatively weak chop, not providing us with relative confidence. $SPY opened the day trading at $386.87. After the first hour of the trading day, though, we watched as the markets continued to rip and rally throughout the morning. We quickly went green for the day and moved up slowly but extremely consistently as a result of general momentum.
We pushed up and made a relative high of the day, trading at $396.46 before slowing down and being relatively neutral for the remainder of the day. We ended the day with some relative strength giving us confidence going into open, with $SPY ending the day trading at $369.11, up $6.83 or up approximately 1.75% from the previous close, with an intraday bullish movement of +2.38%.
It was an amazingly bullish day for the general markets providing us all with opportunities to realize some gains or at least create some unrealized gains. I hope you all enjoyed the relaxing bullish day on the markets and are ready to go and kill it again today!
Thoughts & Comments for Today, 3/17/2023
Today will be a fun day for the markets, but very difficult to actively trade. I am expecting a significant amount of bullish momentum and chop throughout the day. Lots of people will make a lot of money, and a lot of people will get burnt. I would still recommend that people look to simply just buy and hold positions that they are interested in, but it is more expensive to enter into strong equities now in comparison to earlier this week.
Please just be careful today, as a lot of traders will stumble and fail today. Practice safe risk management and limit your downside risk potential.
If you are actively trading, be quick with taking your profits but patient with your allocations. I am expecting a lot of people to get burnt as a result of a significant amount of chop. When you are happy taking profits, do so right away, but wait to make smart allocations, scale in slowly, and if there is slow bullish momentum, let your positions slow grind up and continue to increase your stop to capture as much profit as possible.
For the majority of traders who will not be allocating heavily into the markets today with liquid capital available, look to sell 0-DTE CSPs. There will be a significant amount of volatility at open, presenting us with an amazing opportunity to collect premium on 0-DTE. This premium will not be anything of any major significance, but it will provide us with the ability to generate some extra income going into the end of the week. Look to sell these highly OTM for safety reasons.
Play the momentum today, take advantage of the opportunities that are available to us, and look to realize some gains when given an opportunity to do so going into the weekend!
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 the general markets, and the results show in the algorithm performance. Our long-term portfolio did underperform, but our technical analysis absolutely killed it. The base algorithm outperformed the significant bullish movement in the general markets and continued to move up throughout the entire day.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +2.38%
Our Results:
Base Algorithm: +2.73%
Variable Market Neutral: +1.98%
Variable Sector Neutral: +1.79%
Long-Term Portfolio: +1.4%
Market Neutral: +0.39%
Sector Neutral: -0.01%
With today being triple witching, I would recommend relative caution in taking on blind bullish positions. I do believe we will have a significant amount of bullish momentum, providing you with opportunities to realize a significant amount of gains, but please be cautious about keeping these positions on from open all the way to close. I highly recommend you cut all positions relatively earlier in the day once given an opportunity to realize some gains in the process. To limit risk, cherry-pick the positions you believe will do the best and set stops to limit your downside risk potential. If you are able to set a stop in guaranteed profit and continually move that limit up while the markets are moving up, you will be able to realize a significant amount of gains today with relative ease. Please just practice safe risk management with these positions today and do what you can to capitalize on the opportunities available.
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 3/17/2023
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:
$SSPY , $RIVN, $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 3/17/2023
Industrial production - 9:15 AM ET
Capacity utilization - 9:15 AM ET
U.S. leading economic index - 10 AM ET
Consumer sentiment - 10 AM ET
Notable Earnings for 3/17/2023
Pre-Market Earnings:
Xpeng (XPEV)
Algonquin Power & Utilities (AQN)
Ballard Power Systems (BLDP)
Wrap up
Overall, look to capitalize on the opportunities today but make sure to practice safe risk management in the process of everything as a result of elevated volatility and momentum as a result of witching today. People will make a significant amount of money trading, and lots of people will get burnt, so do what you can do to limit your downside risk potential and have some fun in the process of realizing some gains!
Good luck trading today, and I hope you have an amazing weekend!