HaiKhuu Daily Report 4/03/2023
Good morning and happy Monday! I hope you all are well-rested and had an amazing weekend! This is going to be an interesting week for the general markets! We do not have much in terms of major economic news or earnings this week, but with the sentiment of the overall markets being confused but optimistic, I believe there is an amazing opportunity for the markets to move up significantly and absolutely run in the process.
We have OFFICIALLY reached Greed on the fear and greed index, instantaneously passing through neutral, and we are back to the lower end of greed. Compared to last week, we are in a significantly better place in the markets, but this is where I would start to advise relative caution on entering too many allocations in the short term and look to start taking profits on your allocations, and setting stops in guaranteed profits for positions you’ve picked up over the past couple of weeks.
There will be many opportunities to trade this week, so look to take advantage of the momentum that presents itself to you and look to slowly start hedging your allocations in preparation for the general markets coming down. I do not realistically believe we will have a sharp drop in a short timeframe, but I do believe that realistically we will continue to chop around over the next couple of months prior to us having some major bullish momentum, so do what you can to protect yourself to the downside, and do what you can do to increase your profit potential towards the upside.
Good luck trading this week, and let’s make some bank!
Thoughts & Comments from 3/31/2023
Last week was an interesting week filled with a significant amount of general bullish momentum in the markets. We started the week off with $SPY trading under $400 and us being in fear on the fear and greed index. The market momentum was not confident nor bullish as a result of the ongoing banking crisis, but things slowly got better as more people felt confident about the general markets.
Through Monday and Tuesday, there was not much confidence in the markets as $SPY continued to trade below $400 with some weak bearish momentum, which gave us a great opportunity to load up prior to confidence being reinstated into the markets. Wednesday is the day we officially broke through $400 for the first time since the beginning of the whole banking crisis. This was the first sign of confidence coming back into the markets, and like I’ve been stating before in the past, when that confidence starts to come back, for us to expect a significant amount of green in a short period of time. The movement on Wednesday was relatively neutral but provided us the confidence to be excited for the rest of the week.
Thursday was the first day we moved up significantly. The intraday movement was not significant, but it provided us with a beautiful pre-market movement that got people excited and optimistic about what is to come.
Friday was an amazing day. We started the day with $SPY trading slightly higher than the previous close but with a significant amount of relative strength and confidence. $SPY opened the day trading at $404.56, up slightly from the previous close at $403.70. We continued to move up accordingly, with $SPY pushing up continuously throughout the entire day. Throughout the day, we literally did not have ANY point where the markets moved below the open price. The official low of the day was the open price of $404.56.
We continued to move and push up throughout the entire day with a significant amount of confidence. We did slow down after the lunchtime lull but picked up significantly going into power hour. During power hour, the markets were volatile but showed us many great opportunities to actively trade. We went on to make an official high of the day, going into close, with $SPY hitting $409.70 and closing the day trading at $409.39. $SPY was up $5.69 from the previous close, or approximately +1.41%, with an intraday movement of 1.16%. It was a beautiful day for the general markets that provided liquidity and many opportunities to actively trade.
I hope you all had a lot of fun trading last week and were able to capitalize on the bullish momentum of the week. We all should have been able to realize some gains with relative ease and had a fun time being relatively stress-free and relaxing during the process.
Thoughts & Comments for Today, 4/03/2023
Today should be a fun day for the markets, with this being the first official day we are starting in greed. I do believe that there will be some chop and some movement in the overall markets that should make it difficult to actively time scalps and day trades but will provide us all with an amazing opportunity to sit back and relax over the next couple of days for anyone who is swing trading or investing, to watch their allocations go up with ease.
Please, as I will always recommend, be cautious in this market as there will be a significant amount of momentum that heavily impacts people’s ability to actively trade, but at the same time, this momentum will provide us with many many opportunities to realize some significant gains.
Look into following the momentum in the markets right now. Do not force any positions, and do not overtrade in these market conditions. Only enter positions with confidence, and take profit when you are happy. Many people will get faked out in the short term and have their confidence impacted in the short term, watching them be right in a position and happy to take profits but be wrong on their exit and miss out on significantly more profits. If this happens to you, do not kick yourself, as profits are profits, and you missed out on an opportunity you would not have really been able to hold.
It is just like the guys who said, “if I held my bitcoin from $2, I would have been a billionaire”. Yes, you are right, assuming you held the whole time, you would have had a phenomenal position, but realistically, you would have sold 100x over before hitting the top. Do not kick yourself for selling too early, and do not FOMO in or overtrade as a result of it.
Just be smart in these market conditions, do not over trade, and continue to hold the positions you’ve purchased over the previous couple of weeks. Markets will chop around and make it difficult to actively day trade and scalp, so just hold your positions with confidence and let the short-term waves and chop subside.
Look to sell covered calls on positions you are comfortable and confident in collecting premium in, and start to slowly hedge your positions. I do not believe that this is the optimal time to start hedging, so hedge slowly, and continue to hedge as the markets move up.
Make good decisions, and capitalize on the momentum in the markets today because it will be a great time.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Last week was an amazing week for both the markets and our technical analysis. All of our bullish strategies provided a nice return, with our technical analysis outperforming both the markets and our fundamental analysis, which is a win across the board. It was a great week for the markets and a better week for our algorithms! I hope you all were able to follow the momentum in the markets and utilize our algorithm because everything absolutely killed it!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of last week are as followed:
Baseline:
$SPY: +0.97%
Our Results:
Base Algorithm: +1.29%
Long-Term Portfolio: +0.9%
Variable Market Neutral: +0.64%
Market Neutral: +0.43%
Variable Sector Neutral: +0.18%
Sector Neutral: -0.31%
For today, please look to capitalize on the momentum in the markets, but as always, please make sure to practice safe risk management and only take the positions you are the most confident in. I am expecting to see a significant amount of chop today which will make it difficult to navigate with ease, but will provide us with many opportunities to actively trade. I will not recommend purchasing at open on these allocations today, but look to purchase when you have personal confidence in the play.
Practice safe risk management, set a stop in guaranteed profit and have some fun in the process of everything!
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 4/03/2023
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 4/03/2023
St. Louis Fed President Bullard speaks - 8:30 AM ET
S&P final U.S. manufacturing PMI - 9:45 AM ET
ISM manufacturing - 10 AM ET
Construction spending - 10 AM ET
Fed Gov. Cook speaks - 4:15 PM ET
Notable Earnings for 4/03/2023
Pre-Market Earnings:
Science Applications International Corp (SAIC)
After-Market Earnings:
None scheduled
Wrap up
Overall, please look to take advantage of the opportunities presented to you with us being in greed now in the markets. Expect to see a significant amount of volatility and movement in the markets, presenting us with many opportunities to trade and many opportunities to get burnt. Make smart positions, do not overtrade, do not FOMO, and just have a great time trading today!
Good luck trading today, and I hope you all have an amazing week trading!!!