HaiKhuu Daily Report 4/04/2023
Good morning and happy Tuesday! Hope you are excited to trade, as markets are looking optimal and will present us with MANY opportunities to trade!
Expect a significant amount of chop to heavily impact the markets in the short term while we are at this indecisive point in the markets. We are back at the upper end of “Neutral” on the fear and greed index, which will ultimately be the deciding point of if the markets shall continue to move up or chop around with some indecisive movements impacting people’s ability to trade in the short term.
Please continue to be smart with your current allocations and make sure that you are practicing proper risk management at this time. A lot of people will get burnt in the short term by over-trading and getting emotional as a result of this market movement. Remain level-headed and practice safe risk management!
We have a HUGE announcement that we are proud to make. HaiKhuu has officially partnered up with TASTYTRADE to provide you all with an amazing opportunity to move to a new brokerage. Tasty will be the new platform that we will be utilizing here at HaiKhuu for the foreseeable future. Tom Sosnoff, a co-founder of Think or Swim, sold the platform to TD Ameritrade back in 2009 and has since launched tastytrade.
If you would like to try Tastytrade out, please use this link below, or go directly to the tastytrade website and use code “HAIKHUU”
https://www.haikhuu.com/tasty
Disclaimer
Thoughts & Comments from 4/03/2023
Yesterday was a fun yet extremely choppy day for the general markets. I hope you all were able to capitalize on the momentum in the markets, as there was a significant amount of volatility that impacted people’s ability to trade with confidence.
We started the day off relatively weak, with $SPY opening slightly red for the day at $408.92, down from the previous close on Friday at $409.39.
The markets moved up significantly right from open, where within the first hour of the trading day, $SPY went on to make the high of the day, trading at $411.36. After making this high, we began the chop and shift in relative confidence in the markets. $SPY came down accordingly, where we sold off to make the official low of the day, trading at $408.44.
This sell-off felt worst than it actually was, as we came down significantly from the top, but if you think about it, realistically, we were only down slightly compared to open.
Momentum shifted after making the low of the day, as the markets continued to recover with relative ease throughout the entire day. It was a slow day to get everything done, but at least the recovery was sustainable!
We moved up going into power hour and continued to push into close. We ended the day with $SPY trading at $410.95, up $1.56 from the previous close, or approximately 0.38%, with an intraday bullish movement of +0.5% from open.
Hopefully, you all were able to capitalize on the momentum in the markets and realize a significant amount of gains while trading yesterday. I know it was a tough day to trade for many, but I hope you all had an easy time and made the most out of the opportunities that were presented to you!
Thoughts & Comments for Today, 4/04/2023
Today should be a fun day for the markets. $SPY is slightly up at the time of writing this report, and there is a significantly more confidence in the markets right now than this time last week. We are back in neutral on the fear and greed index, so the one thing I want to warn you all about is the chop we will see in the greater markets. Intraday, we will see a significant amount of chop and momentum, but on a larger timeframe, IE, multiple days to weeks, I personally expect to see a significant amount of chop and lack of general momentum. This is the relative indecisive point prior to us officially breaking out or, unfortunately, breaking back down.
Realistically, what this means for us is that the markets will provide us with some phenomenal opportunities to actively day trade and swing trade in the short term. Assuming you have confidence and conviction in your play & the equities you are investing in, hold your positions strong and continue to trade. I would highly recommend, at all times, taking as much risk off the table as possible by simply setting stops in guaranteed profits and adjusting them accordingly when preparing for an exit.
I would highly recommend that, in the short term, to start to look to slowly hedge your accounts for relative safety. In the case that your positions continue to move up, and you lose a small percentage of your gains to cover your losses on a hedge, C’est la vie. What a good problem to have. In the worst-case scenario, the markets tank and you do not have the hedge in place, and you lose a significantly larger amount. Do what you can do to be smart and have fun in the process while realizing as many gains as possible.
Please just continue to take advantage of these market conditions. Trades might be more difficult to time out correctly, but there will be MANY opportunities to trade and even more opportunities to realize gains. Do not get greedy, and continue to take your base hits all the way home.
On a side note, look to start selling some OTM Covered Calls on the positions that you are in profit in to secure slightly more profit. If you think we are coming down over the next couple of weeks/months, look to sell some ITM-covered calls, to capitalize on the premium as well as have the ability to continue to hold your equity positions strong!
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday despite being a choppy day for the general markets, provided consistent and great returns from our algorithms! I am very excited to say that both our technical and fundamental analysis outperformed the markets, and all of our strategies were profitable trading yesterday, even our lowest-performing neutral strategy. This is a win across the board for our teams, and we are very excited to share our results with you!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.5%
Our Results:
Base Algorithm: +0.64%
Variable Sector Neutral: +0.62%
Long Term Portfolio: +0.54%
Variable Market Neutral: +0.44%
Sector Neutral: +0.4%
Market Neutral: +0.18%
For today, please be cautious with any of these alerts as we are at an indecisive point in the markets, but these have proven to do extremely well time and time again. I personally recommend you find the positions you are the most comfortable and confident in, do your own due diligence, and enter while practicing safe risk management. Afterward, enter into your position, set a stop in guaranteed profit, and continue to increase that limit until you are stopped out. By doing so, you will take all risks off the table from your position and have the ability to continually secure more profits in the process.
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 4/04/2023
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 4/04/2023
Factory orders - 10 AM ET
Job openings.- 10 AM ET
Cleveland Fed President Mester speaks - 6 PM ET
Notable Earnings for 4/04/2023
Pre-Market Earnings:
Acuity Brands (AYI)
MSC Industrial Direct Co (MSM)
Lindsay Corp (LNN)
After-Market Earnings:
DLocal Limited (DLO)
SMART Global Holdings (SGH)
Resources Connection (RGP)
Kura Sushi (KRUS)
Wrap up
Overall, look to capitalize on the opportunities that present themselves and make sure to practice safe risk management in the process. There will be many opportunities to trade today, you will just need to spot them in real-time and make the most out of the trade when possible. Look to decrease risks when possible, and make sure to realize some gains when happy!
Good luck trading, and let’s kill it today!