HaiKhuu Daily Report 3/30/2023
Good morning and happy Thursday! Hope you all have had an amazing morning and are ready for what should be an exceptionally fun day for the markets! $SPY is up at the time of writing this report, and we are sustaining this $400 level with relative ease. I hope you all have been loading up while the markets were in extreme fear because I fully believe we are in the process of watching a reversal happen where equity prices will start climbing again, and there is strength in the markets.
We are at the upper end of fear on the fear and greed index at the moment, where we are extremely close to being neutral, being an extremely bullish sign as this shift in confidence leads to more bullish buying momentum. So buckle up, and let’s get prepped for what should be a fun day for the markets!
Thoughts & Comments from 3/29/2023
Yesterday was an amazing day for the general markets that should have provided many opportunities to realize a significant amount of gains or at least would have generated a significant amount of unrealized gains. There was beautiful, sustained bullish momentum that provided everyone with a stress-free, beautiful day for the markets.
$SPY opened the day beautifully green, trading at $399.81, right under the $400 resistance level, and actively tested it for the majority of the first hour. We did break above $400 ever so briefly but was not able to hold it with confidence. We did drop ever so slightly after rejecting $400, with $SPY making a low of day trading at $398.68. This was not fun watching $SPY break down slightly, but provided us with an amazing opportunity to load up with confidence, as once we broke $400 with confidence going into power hour, we only continued to move up with confidence
During power hour, we only watched as the markets continued to move up with confidence and relative ease. $SPY continued to climb into close, where we made the official high of day trading at $401.60 and came down slightly into close. We ended the day with $SPY trading at $401.35, up $5.75 for the day, or approximately 1.45% from the previous close. We had an intraday bullish movement of +0.34% and a beautiful day.
Hopefully, you all made a significant amount of money in the process of everything while trading and had some fun in the process. For anyone who was actively trading, you should have had an amazing time and made a hell of a lot of money in the process.
Great job trading yesterday, amazing job to anyone who has been holding strong through the rough patches in the markets, and a phenomenal job to anyone who has been holding $RIVN with us.
Thoughts & Comments for Today, 3/30/2023
Today should be a great day for the general markets. There is a significant amount of confidence as general fears as a result of the banking crisis are subsiding. This is great for the bulls who have been loading up equities at what was the relative bottom and have been holding their positions over the course of the previous couple of days or weeks. We have seen some beautiful bullish movement in the markets over the past couple of days, with some high-beta organizations outperforming the markets by a significant margin (Cough cough $RIVN).
Please, as always, I will advise relative caution in the markets, as at any moment, we can receive economic news or global news that would heavily impact the markets, but at least in these conditions, assuming that the markets act normally, we should see continued purchasing over the next couple of weeks to possibly even the next couple of months. Ideally, we get into the neutral state on the fear and greed index, going into the earnings season, where the major organizations state that as a result of the layoffs, general productivity is significantly higher and that operational costs are down by a significant amount, resulting in increased profits, and a sky-rocketing stock price.
If you are trading today, please follow the momentum and look to only trade positions that you have with confidence. Despite this bullish outlook on the market in the short term, obviously, some organizations will not do well right now as the result of news or general sentiment towards the organization. So look to follow the momentum and realize some gains in the process of everything.
If you are swing trading today, please make sure to set a stop in guaranteed profit to limit your downside risk potential. You should not look to exit anything here at these prices but look to take all risk off the table by setting a GTC-Limit, at your average cost, so you have literally zero risk on your positions as you are generating profits and relaxing.
If you are investing in the markets, start slowing down on reallocation and continue to hold your positions accordingly, and stick to your plans.
The markets are looking amazing at the moment, but please, the one thing I am going to continue to warn you all about is to sit back, breathe and not do anything that would possibly put you at risk.
Look to increase exposure in these market conditions to exponentially increase your profitability in the short term, but do not look to increase the risks that you are taking. Practice safe risk management, limit your downside risk potential, and always take profits. It may suck if you take profits early on a position that moves up significantly once you are out. But you rather sit at a roulette table and see your number hit 3x times after you finish playing and walked away with your money vs going all in and watching the board hit a double zero.
Go on and kill it today.
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 markets, and the results show with the performance of the algorithm. Our fundamental analysis performed as expected, matching the performance of the general markets. Our technical analysis did outperform both the markets and our fundamental analysis, so it was a win from the algo front. We are very happy to see this shift in market confidence and hope that this will be sustainable over the next couple of months.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.34%
Our Results:
Base Algorithm: +0.52%
Long-Term Portfolio: +0.33%
Variable Market Neutral: +0.28%
Market Neutral: +0.16%
Variable Sector Neutral: +0.16%
Sector Neutral: +0.1%
Please be careful taking any of these alerts today as always, as market conditions can actively change with ease, but market conditions are optimal for entries in the algorithm today. Please make sure to set stops in guaranteed profit for any of the positions you take for the day, but as long as you are able to get optimal entries, you should be able to make a significant amount of gains today. Be smart, do your due diligence but make sure that you are picking your favorite positions. The algorithm should PRINT today, assuming market conditions continue to be optimal.
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 3/30/2023
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, $BABA
Free Equity List:
Safe - $SPY
Risky - $RIVN / $BABA
Position Opportunities:
Hold positions you have confidence in
Set stops in guaranteed profit to decrease all exposure risk
Take profit on positions you are in profit in and not confident about
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Riskier EV Play - $RIVN
Economic News for 3/30/2023
GDP (2nd revision) - 8:30 AM ET
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Boston Fed President Collins speaks - 12:45 PM ET
Notable Earnings for 3/30/2023
Pre-Market Earnings:
Neogen Corp (NEOG)
Atour Lifestyle Holdings (ATAT)
Altus Power (AMPS)
AngioDynamics (ANGO)
After-Market Earnings:
Braze (BRZE)
Rumble (RUM)
BlackBerry (BB)
IonQ, Inc (IONQ)
Aehr Test System (AEHR)
Arco Platform Limited (ARCE)
Wrap up
Overall, please be smart while trading today and limit the amount of risks that you take, but look to increase the amount of exposure you have to this bullish momentum in the markets. Take advantage of the opportunities available to you and do what you can to realize as many gains as possible while this confidence is in the market.
Good luck trading today, and let’s absolutely KILL it trading today!