HaiKhuu Daily Report 3/23/2023
Good morning and happy Thursday! Markets are looking alright after the insane day we had yesterday. Hope you all are feeling alright and are alive after the insane power hour. Today will not be as crazy of a day for the general markets and should provide us with many amazing opportunities to realize a significant amount of gains. Please be careful while trading today, but take advantage of all of the opportunities that are available in the short term. There will be a lot of volatility today, so please be safe, have some fun, and realize some gains!
Thoughts & Comments from 3/22/2023
Yesterday was one of the most insane days we’ve seen all year in the general markets. We watched and saw a significant amount of movement in the greater markets, providing us all with many opportunities to realize a significant amount of gains and an opportunity to get absolutely decimated. Hopefully, you all were on the right side of the markets while everything happened prior to FOMC as we literally spelled out how to play yesterday and perfectly explained how to trade FOMC.
$SPY opened the day slightly red for the morning at $398.70, under the $400 resistance level. We recommended purchasing at open and selling at what was the relative top. We watched as $SPY made a relative high trading at the $400 range early in the morning prior to being rejected from that level. We advised everyone to sell at the top and short on the way down into the lunchtime lull.
During that lunchtime lull, $SPY dropped down below $398, making the relative low of day trading around $397.50. Our third recommendation we made was to cover your short at the relative bottom and to play the upward momentum leading into FOMC. Anyone who played those positions should have been able to follow the map we drew out with ease and realized a significant amount of gains in the process.
Markets rallied on FOMC news and chopped around, and pumped when JP was actively speaking. We made a high of the day with $SPY trading at $402.59 before coming down and coming down extremely hard into close.
There was a quick bounce scalp opportunity when Jerome Powell finished speaking, but that was an extremely quick opportunity that was short-lived as the bearish momentum continued in the markets.
Going into close, we watched as $SPY continually sold off for the last half hour of the day, where $SPY made an official low of the day, trading at $392.07 and closed at $392.11. $SPY ended the day down $6.80 from the previous close, or approximately 1.7%, with an intraday bearish movement of -1.64%. Hopefully, you all were able to capitalize on the positive momentum in the markets, and I hope the bears were able to enjoy the last half hour of the trading day. It was a tough time but provided us all with an amazing opportunity to trade.
Today should be a better day for the general markets as a result of this movement, so let’s make the most of it and have a great time!
Thoughts & Comments for Today, 3/23/2023
Today as I said earlier, will provide us with many opportunities to actively trade and realize some gains. So please take advantage of the opportunities presented to us, and be safe. We are still in the fear state in the general markets, but this is providing us a chance to add to equities at a great price.
We are still in fear on the fear and greed index, which is not the best sign for the markets, but it is providing us with confidence in the general markets. If people are fearful at the moment, it will allow us to purchase equities at an amazing price. There is a chance the markets come down, but as we are exiting extreme fear and are settling into this fear state, we just need to purchase general equities now, hold them with confidence and wait until the fear subsides. Once the fear subsides, people move forward and are excited to buy equities again, and the price goes up, which does result in us realizing some significant gains on positions that we held from the relative bottom.
This is risky in the short term as there is a solid chance that the markets continue to come down on major economic/global news, but the realistic chance of that happening is slim to none. Just sit back and hold solid allocations, scale into your position slowly, and purchase with confidence.
As long as you are grabbing equities you can hold with 100% certainty that it will be profitable with time, and have confidence in your ability to purchase equities and hold. You are in an amazing spot and will outperform the majority of traders over the next couple of months.
Stay strong, get great positions, practice risk management, and as long as you do all of that. Sit back, relax, and enjoy making some BANK!
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 algorithms. Everything we had outperformed $SPY, but as a result of larger market movements, we saw a significant amount of bearish momentum at the end of the day that resulted in almost a 3% loss from the top in the base algorithm. For the entire day, it is nice seeing that the base algorithm did consistently beat the general markets, which does bring confidence, it just sucks that market conditions were not optimal where all positions fell towards the end of the 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: -1.64%
Our Results:
Market Neutral: +0.64%
Sector Neutral: +0.41%
Variable Market Neutral: +0.11%
Variable Sector Neutral: -0.23%
Base Algorithm: -0.92%
Long-Term Portfolio: -1.56%
With the significant amount of general bearish momentum yesterday, I believe today will provide us with an amazing opportunity to trade today. Please be careful entering into any positions today and make sure that you are practicing safe risk management with any allocations that you are making in real-time. Pick the positions you believe will outperform and do your due diligence to look into any position listed below prior to entry.
Take profits when happy, set a stop in guaranteed profits to limit downside risk and increase your limits when given an opportunity to do so!
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 3/23/2023
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
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 3/23/2023
U.S. current account - 8:30 AM ET
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
New home sales - 10 AM ET
Notable Earnings for 3/23/2023
Pre-Market Earnings:
Accenture (ACN )
BRP Inc (DOOO)
Commercial Metals (CMC)
Darden Restaurants (DRI)
General Mills (GIS)
FactSet Research Systems (FDS)
After-Market Earnings:
Amprius Technology (AMPX)
Harrow Health (HROW)
Wrap up
Overall, take advantage of the opportunities that will be available while trading today. Add to your general positions in the markets when given an opportunity to do so. Be smart with your trades, scalp extremely quickly, take your profits and run. Do not get greedy today, as people will get hurt, but let your winners win, and don’t get caught holding your losers. Sit back, make great plays, and make some bank.
Good luck trading today, and let’s make the most out of today!