HaiKhuu Daily Report 4/05/2023
Good morning and happy Thursday! Hope you traders are doing well and are excited for what will be an interesting time for the markets. With a lot of people starting to say “sell” and talking about how the balloon is going to pop, literally just a week after being in fear, I hope you all are ready to see some significant bullish momentum. Obviously, this is all speculation, but if the majority of headlines right now all state that we are about to sell off extremely quickly today and in the next couple of weeks, I think we are in a good spot to sit back, relax and enjoy what should be some significant bullish momentum filled with opportunities to capitalize on the momentum and realize some gains.
As always, please make sure you are practicing risk management and limiting downside exposure. Start to slowly hedge your account while we are at these relative highs. Be smart, make smart positions, and let’s make some BANK today!
Thoughts & Comments from 4/04/2023
Yesterday was a tough day for the general markets, with a significant amount of bearish momentum. It was unfortunate watching it happen in real-time, but at the same time, presented us with an amazing opportunity to actively start hedging positions and closing positions out at what was the relative top.
We started the day with $SPY trading at $411.56 and some relative strength, but that strength and momentum did not last. We quickly made a high of the day, with $SPY trading at $411.92, up less than half a point from open, and continued to sell off for the majority of the day. We all sat back and watched as the markets continued to sell off for the majority of the morning, leading into the lunchtime lull. We hit an official low of the day with $SPY trading at $407.24 and did not recover the majority of losses that were incurred. We recovered slightly after that lunchtime lull, where $SPY came back up to $409, but were not able to sustain that movement as we sold off into power hour.
During power hour, there really was not much power at all, we watched as $SPY continued to sell and chop around and move up into close. We ended the day with $SPY trading at $408.67, down $2.28 for the day or approximately 0.55% from the previous close, with an intraday movement of -0.71%. It was a tough day for the markets that, unfortunately, was very uneventful.
Hopefully, you all were able to trade and capitalize on the momentum in the markets, but man, was it a tough time. Let’s see what happens today, and let’s see if the momentum gets better.
Thoughts & Comments for Today, 4/05/2023
Today will be an interesting day for the general markets, with no clear direction prior to markets opening.
At the time of writing this report, $SPY is literally neutral at down 0.0098%, and there was not much movement during the futures session. As we still are in the neutral on the fear and greed index, I am expecting to see a significant amount of chop in the general markets while not providing us with many opportunities to actively realize a significant amount of gains.
Please be careful during this time in the markets. As I have said before, I do expect to see a significant amount of chop and relatively neutral movement in the greater markets in the short term. It would not surprise me if we moved up slightly enough that people are excited and starting to FOMO into positions, and sell off enough, to convince people to sell for a loss in the short term. Prior to us going absolutely insane with some beautiful bullish momentum, it is agreed upon with the institutional teams that I speak to that we all expect to see the markets sell-off towards the end of Q2 into the beginning of Q3, where we will reach extreme fear again, offering an opportunity to major institutions to load up on solid equities at a phenomenal price, prior to watching the markets move up significantly during Q4. I’ve been saying this for the previous couple of months, and will continue to say this while we all are preparing for this to happen.
Continue to have cash available to allocate or average down on positions, and continue to hold solid allocations to be able to capitalize on this short-term momentum in the markets.
I would be cautious recommending you add to your long positions in markets right now, but this will provide you with a phenomenal opportunity to realize a significant amount of gains in the process of everything.
Realize some gains on positions you do not have the most confidence in right now, and as always, make sure to set stops in guaranteed profits on any position that you have entered in over the previous couple of weeks to limit your downside risk potential.
If you are actively day trading or scalping today, please be careful and do not allocate unless there is both confidence and a confirmation of a reversal in your favor. Lots of people will get burnt by over-trading or timing a position incorrectly today. Make sure to follow the momentum and do not do anything that would limit your ability to continue to realize gains, not only today but in the grand scheme of things.
If you are swing trading, please be cautious. This market movement will present you with opportunities to trade, but despite this, it will be extremely difficult to time out your positions correctly, resulting in the majority of people who allocate incorrectly to incur losses in the short term.
If you are investing, continue to hold your positions and slowly look to hedge your positions and add with confidence over the course of the next 3-6 months. This short-term movement up is semi-sustainable, and we will see the markets continue to chop around. Do not let this short-term FUD impact your positions, and continue to look for opportunities to add and load up on positions you are confident holding!
Make some smart decisions while trading today, make some smart decisions about the allocations you want to enter, and make smart decisions about how you want to exit the positions you already are in.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Despite the tough day the general markets had yesterday, I am very happy to say that every system that we had worked as expected. Everything outperformed $SPY, and our technical analysis beat out our fundamental analysis. Our neutral strategies worked out perfectly, remaining relatively neutral in comparison to the overall markets.
I’d say, despite the rough results of yesterday, I’d consider yesterday a win!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: -0.71%
Our Results:
Market Neutral: +0.04%
Sector Neutral: +0.02%
Variable Market Neutral: -0.26%
Variable Sector Neutral: -0.44%
Base Algorithm: -0.57%
Long Term Portfolio: -0.63%
I would recommend caution when taking any of these plays today. Markets are not optimal at this point but will present us with many opportunities to realize some gains. Look to do your own DD on all of these positions and look to capitalize on the opportunities that present themselves to you. Lots of these positions will do great today, and in typical fashion, some of these will not do the best. So do what you can to find the plays you are the most confident in and allocate them wisely while practicing safe risk management 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 4/05/2023
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 4/05/2023
ADP employment - 8:15 AM ET
U.S. trade balance - 8:30 AM ET
S&P final U.S. services PMI - 9:45 AM ET
ISM services - 10 AM ET
Notable Earnings for 4/05/2023
Pre-Market Earnings:
ConAgra Brands (CAG)
The Simply Good Foods Company (SMPL)
Seadrill Limited (SDRL)
Schnitzer Steel Industries (SCHN)
After-Market Earnings:
Simulations Plus (SLP)
Wrap up
Overall, look to capitalize on the opportunities that are presenting themselves to you today, but look to practice safe risk management in the process. Don’t worry about stopping out of a position if the markets chop around, and make sure to allocate only to positions you have confidence in. Look to make some good positions and let’s have some fun!
Good luck trading today, and let’s absolutely KILL it!