HaiKhuu Daily Report 3/28/2023
Good morning and happy Tuesday! Markets are relatively flat at the time of writing this report, but there is a significant amount of economic news that is coming out prior to open that will heavily impact the greater markets. Please be prepared for today, and hope that there is some solid bullish momentum that we all are able to capitalize on with relative ease. As always, look out for opportunities to trade, but make sure to practice safe risk management in the process.
We are still in fear on the fear and greed index but are slowly moving in the right direction. So make some solid allocations, let them sit in the back, and simply forget about the position while actively waiting for market conditions to change, giving us the ability to realize gains with ease.
Thoughts & Comments from 3/27/2023
Yesterday was a tough day for the general markets. The day started off strong with a significant amount of confidence, that unfortunately was shut down as momentum shifted and caused us to watch as we formed a general downtrend. $SPY opened the day trading at $398.17, up significantly from the previous close, and moved up right from open. We peaked out, making the high of the day with $SPY trading at $398.92. There was confidence in the air, and people were ready to make money, but as we all saw, the markets did not respond optimally to this sentiment, as we sold off and killed off all general confidence with ease.
Going into the lunchtime lull, we watched as the markets made a relative low of the day, with $SPY trading at $395.56, going slightly red for the day, and watched as the markets lacked general momentum and continued to chop around, making it a difficult time for people to actively scalp and trade. $SPY did move up accordingly after hitting that relative bottom but was not able to retain the general confidence of the day.
We did watch as the markets moved up into power hour, where going into power hour, $SPY peaked out trading around $398, almost going green intraday, but then watched as $SPY sold off the rest of the day, with the markets dropping for the entirety of power hour.
We ended the day with $SPY trading at $396.49, down $0.74 for the day, or approximately 0.19% from the previous close, with an intraday bearish movement of -0.41%.
It was a tough day for the general markets, which did provide us with opportunities to trade, even though they were relatively far and few. Hopefully, you all were able to come out of yesterday with relative ease and not many incurred losses. Ideally, you all were able to make a substantial amount of gains, but we all know that days like yesterday were not optimal nor provided us all with a day full of easily realized gains.
Let’s all hope that today is a significantly better day for the general markets and go from there!
Thoughts & Comments for Today, 3/28/2023
Today should be an interesting day for the general markets, with a significant amount of economic news that will impact market conditions and sentiment. Be on the lookout for a shift in momentum as economic news comes out this morning, and look to capitalize on the opportunities that are presented to us. Expect today to be momentum-based and filled with the markets chopping around. Realistically, the majority of people will not be able to create a significant amount of realized gains today, and for many people who are over-trading, if your positions are not timed correctly, will be heavily impacted and result in realizing some losses.
Please be smart while trading today, but take advantage of any position that is available to you in the short term. Do not force any allocations and only take positions you are comfortable and confident in. If you are looking to scalp today, please take your profits extremely quickly and do not get greedy in the process. Lots of people will get burnt today by over-trading and getting emotional with your plays. I would recommend caution when looking to pick up swing trades in these current market conditions, and they are not optimal for a multi-day swing opportunity. The safest way to navigate these current market conditions is by looking to allocate directly into fundamentally solid, undervalued organizations and continuing to average down for the next couple of months when given an opportunity to add at a great price and continue to grow the position until market conditions are more optimal, where you can scale out the same way you scaled into the position, take your profit, sell premium on the position and have some fun in the process.
The only people who will be able to “relax” in the short term are people who are actively collecting premium by selling options while VIX is high, consistent scalp traders who are not looking to make home runs, but more so just general consistent plays that provide them returns they are satisfied with, and investors who do not care about the short term market turbulence that is heavily impacting a significant amount of traders.
Look to buy when there is fear in the general markets. Yes, this is an iffy time, and things can continue to get worst, but realistically, these market conditions are not bad at all in any way, shape, or form compared to the movement we have seen over the previous couple of years. If THIS is the fear state of the current market, we are in a good place to make some solid allocations…. or the markets are going to come down exceptionally hard. Realistically, this drop is a possibility that no one should disregard when thinking about greater market conditions, but realistically, is not something we have to worry about in the short term unless there is major economic news or a global event that is not accounted for.
Just be smart while trading today and continue to hold general positions strong.
By the way, also, look into $BABA. For the scalpers & free equity traders, this is going to be one play that I personally believe will have a significant amount of volatility today that provides us with an amazing opportunity to add to a position with ease. I would not recommend purchasing $BABA now after this general movement has happened, but look to take advantage of the momentum that is happening.
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 unfortunately tough day for the general markets, with a significant amount of short-term volatility impacting profitability. Despite this, we were able to beat the market with every single system we have, which is a complete win across the board. Our fundamental analysis did outperform our technical analysis, which is extremely interesting to see this shift happen in the greater markets as conditions change and impact the performance of the system.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: -0.41%
Our Results:
Market Neutral 0.09%
Variable Market Neutral -0.10%
Long-Term Portfolio -0.15%
Sector Neutral -0.24%
Base Algorithm -0.30%
Variable Sector Neutral -0.36%
Please be cautious about taking any of these positions today. As a result of greater market conditions, positions are not as optimal, thus resulting in us having a relatively smaller list of equities we are interested in, allocating extremely heavily. I would not recommend that you go as heavily into any singular position unless you personally have extreme confidence in the performance of the stock. Please do your proper due diligence prior to entering any position and make sure to practice safe risk management and protect your downside potential. Set stop losses to limit risk, and take profits when you are happy.
Again, these alerts are all valid from a technical analysis standpoint for the day, but please do your proper research and only take positions you are confident in.
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 3/28/2023
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 3/28/2023
Advanced U.S. trade balance in goods - 8:30 AM ET
Advanced retail inventories - 8:30 AM ET
Advanced wholesale inventories - 8:30 AM ET
S&P Case-Shiller home price index (20 cities) - 9 AM ET
FHFA home price index - 9 AM ET
U.S. consumer confidence - 10 AM ET
Fed Gov. Barr testifies to Senate on banks - 10 AM ET
Notable Earnings for 3/28/2023
Pre-Market Earnings:
Walgreens Boots Alliance (WBA)
McCormick & Co (MKC)
TD SYNNEX (SNX)
Elbit Systems (ESLT)
Futu Holdings (FUTU)
Core & Main (CNM)
Evotec SE (EVO)
Leonardo DRS (DRS)
IHS Holding (IHS )
Lovesac Company (LOVE)
After-Market Earnings:
Micron Technology (MU)
lululemon (LULU)
Jefferies Financial Group (JEF)
nCino (NCNO)
Cal-Maine Foods (CALM)
Progress Software Corp (PRGS)
Dave & Buster (PLAY)
SomaLogic (SLGC)
Wrap up
Overall, please just be smart while trading today. There will be a significant amount of general chop and momentum in the markets, so do what you can to realize some gains when given an opportunity to do so, but make solid allocations, practice safe risk management, and capitalize on the momentum. Do not force any trades, limit your downside risk, and maximize the returns you are able to realize today. Grab some solid equities and relax in these turbulent market conditions.
Good luck trading today, as this should be a lot of fun!