HaiKhuu Daily Report 3/29/2023
Good morning and happy Wednesday! Markets are looking AMAZING at the time of writing this report, so let’s see if this momentum is able to sustain itself throughout the trading day and for us to have an opportunity to realize a significant amount of gains. There is not much economic news today, so hopefully, things will not be as slow as yesterday. So let’s have some fun trading today, realize some gains, and make some great positions!
Follow the momentum, capitalize on the position, and go on and kill it today!
Thoughts & Comments from 3/28/2023
Yesterday was an absolutely terrible day for the markets that was not fun nor profitable. I am sure some traders were able to generate some gains during the process, but realistically I am assuming that the majority of traders lost or had an extremely difficult time trading. It did provide us with an amazing opportunity to load up on strong equities at a phenomenal price, but it was extremely difficult to enter with confidence as positions continued to drop throughout the whole day.
$SPY opened the day trading at $395.82, down from close, but showed relative confidence after opening, as for the first half hour of the day, we steadily climbed up in the general markets while the majority of equities came down. Within the first hour, we watched as $SPY made its official high of the day, trading at $396.49, up from open but still down from the previous close. After the first hour, we watched as $SPY sold off significantly, making its first low of the day under $395 and killing off general confidence.
We did move up ever so slightly going into the lunchtime lull, but as expected, after we moved up, the markets came down significantly afterward. We peaked out, attempting to test the high of the day, and watched as $SPY sold off to $393.69. There was a significant amount of fear at the bottom, which was unwarranted for the general movement, but understandable after a day like yesterday.
Thankfully, for the final two hours of the day, after $SPY did hit the low of the day, we saw some consistent bullish momentum into close. We did hit a relative peak during power hour and came down, but we watched as $SPY pushed up into close, leaving us with what was an absolutely terrible day for the markets.
With the rally going into close, we officially ended the day with $SPY trading at $395.60, down $0.89 from the previous close, or approximately 0.22%, with an intraday movement of down 0.03%. It was a terrible time for the markets, it was a terrible day for the momentum, and just a terrible day in general. The overall intraday movement did provide us with opportunities to realize some gains, but as we all know, those opportunities were far and few. I hope you all were able to survive and sustain yourself throughout the mediocre day and had some fun in the process.
Thoughts & Comments for Today, 3/29/2023
Today should be a significantly more interesting day for the markets compared to yesterday. Yesterday was just a drag, with markets being relatively terrible until the last two hours of the day, and we really did not see many opportunities to generate any kind of gains.
There is some bullish momentum going into open today, leading us all to believe that the opportunities that are available right now to generate gains are more significant. I am excited to see the general momentum of the day, mostly after the terrible day we had yesterday.
Hopefully, you all were able to load up on solid equities during the lull yesterday, as today would be a great opportunity to sell them for some relatively quick gains. The movement up during the pre-market session was not significant, but you should be in profit. Look to set stops in guaranteed profit and limit your downside risk on any of those positions with ease.
If you are looking to trade today, please be careful, but look to increase exposure. Do not increase risk, but increase exposure as you will be able to realize significantly more gains in the process from a smaller movement. Expect to see a lot of chop throughout the day, but as long as you are able to capitalize on the movement, we will see a beautiful movement up, which results in exponentially more gains in the same timeframe.
Please, as always, practice safe risk management and look to limit your downside risk potential. Make sure to consciously follow the momentum in the markets. Lots of organizations, despite the markets looking good, have terrible intraday momentum that makes it extremely difficult to trade. So look to trade the positions that you are able to realize some gains trading in the short term with relative ease. No reason to force a trade on a company that is not moving when you can simply just trade a company that is looking relatively strong.
Free equity at this time is difficult to acquire for the majority, but assuming that you are able to acquire it with ease, this is an amazing time to attempt these free equity trades, as there will be a significant amount of volatility trading today.
Continue to load up on strong equities that you personally have confidence in, though. In the short term, we are not in the best spot in the markets, but as we continue to strengthen over the next couple of weeks and the banking fears subside, then you will be able to sell your position with ease for a significant amount of gains in a short period of time.
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 extremely tough day for the general markets, but in better news, our long-term portfolio did exceptionally well. With the lack of confidence in the markets, people were looking to stay in safety plays, which is what our long-term portfolio is built around, providing us with an amazing opportunity to ride the wave with relative ease, not having to take on too much risk, but outperforming the markets by a long run. Technicals underperformed, but on a day like yesterday… C’est la vie.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: -0.03%
Our Results:
Long-Term Portfolio: +0.31%
Market Neutral: +0.15%
Sector Neutral: +0.12%
Variable Sector Neutral: +0.09%
Variable Market Neutral: +0.07%
Base Algorithm: -0.01%
As there is a significant amount of confidence in the general markets right now, look to capitalize on the momentum and take some of these plays. As always, we recommend you practice safe risk management by limiting your exposure, setting stop losses and cherry-picking the positions that you personally believe will do the best in a short timeframe. Please just be safe, but look at this as a cheat code to find some positions to look into and actively trade today.
Take your profits when you are happy, set stop losses to limit your downside risk, and continually increase your limits to guarantee some profits! ;)
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 3/29/2023
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 3/29/2023
Pending U.S. home sales - 10 AM ET
Fed Gov. Barr testifies to House on banks - 10 AM ET
Notable Earnings for 3/29/2023
Pre-Market Earnings:
Cintas Corp (CTAS)
Paychex Inc (PAYX)
Unifirst Corp (UNF)
Kingsoft Cloud Holdings (KC)
Sharecare (SHCR)
UP Fintech Holding Limited (TIGR)
Bluebird bio (BLUE)
After-Market Earnings:
Concentrix Corporation (CNXC)
Verint Systems (VRNT)
RH (RH)
H B Fuller Company (FUL)
Sprinklr (CXM)
Semtech Corp (SMTC)
Planet Labs PBC (PL)
Franklin Covey Company (FC)
Wrap up
Overall, please take advantage of the momentum in the general market when given an opportunity to do so today. Realize some gains, make smart positions, and watch for trades that are available. Decrease risk and increase profit potential, and have some fun in the process of everything. As always, practice safe risk management and make some BANK!
Good luck trading today, and let’s have some fun!