HaiKhuu Daily Report 4/10/2023
Good morning and happy Monday! Hope you all enjoyed your three-day weekend! This is going to be an extremely packed week for the markets, so I hope you all are excited or at least optimistic.
We have CPI and FOMC minutes coming out on Wednesday and PPI coming out on Thursday. There is going to be a significant amount of volatility, so please be careful and prepare both literally and mentally for what is coming this week. It will be an extremely taxing week for many traders and will result in either a significant amount of realized gains with relative ease or realized a significant amount of losses.
Please make sure to practice safe risk management, cut losers early, let your winners continue to win, and do not get greedy. Take profit when happy and do what you can do to limit your downside risk potential.
Good luck trading this week, let’s have some fun and make some bank!
Thoughts & Comments from 4/06/2023
Last week was a short and kind of slow week for the markets. We have been on the low end of greed, which is a sign of relative strength in the markets, but resulted in a relatively neutral movement that made it extremely difficult to actively trade. There were no significant movements for the majority of the week, but we had choppy days that intraday provided us with opportunities to trade, but the overall movement was minimal. It was a difficult time for the majority that attempted to live trade the market conditions but provided us all with a great opportunity to sit back, relax and attempt to hold our positions and try to hedge them accordingly.
We saw a significant amount of selling on Monday but ended up slightly green on the day. Tuesday was tougher as we watched as $SPY sell-off with no clear indication of a reversal or bullish momentum, which was followed up by a lack of momentum going into Wednesday.
Thursday was a relatively slow but profitable day for many. With the week ending early, the markets opened off weak with little to no momentum at all. $SPY started the day trading at $406.81, down from the previous close of $407.60. $SPY quickly dropped right from opening, where within the first half hour, the overall markets dropped approximately 0.2%, and we watched as $SPY made a low at $405.68. This movement overall was not significant in any way, shape, or form, but the movement itself was terrible as it was slow and insignificant.
After hitting the low, the markets did move up nicely. The movement up was more significant as we watched the markets slowly climb and go green during the lunchtime lull. We made a high of day trading at $409.47 towards the end of the day, as the markets did not move that much after going green. We ended the day with $SPY trading at $409.19, up $1.59 from the previous close, or approximately 0.4%, with an intraday movement of +0.59%.
It was a tough week for the general markets with minimal overall movement, but it provided us with some opportunities to trade and many opportunities to get burnt in the process. I hope you all are doing alright and were able to capitalize on the momentum in the markets. I know it was difficult, but just remember, there are good times and bad times in the markets. The overall market movement of last week was insignificant, if you are losing a significant amount of money in the process of everything, consider changing up your trading style. Anyone holding strong positions should have seen a relatively minimal change in their portfolio over the whole week. Make smarter plays, make safer plays, and realize some gains in the process of everything.
Thoughts & Comments for Today, 4/10/2023
Today should be a relatively tougher day for the general markets. Please take this as a warning prior to the market opening. There is not much in terms of significant events today that may cause us to move up accordingly, so the majority of the movement today will come from general market sentiment and independent news that impacts specific organizations. Historically, this is an extremely bearish day, with /NQ being red 72%~ of the time. Markets are looking strong for the next couple of weeks, so please take this into consideration prior to making any allocations for the day, but use it as an opportunity to load up on strong equities at a phenomenal price. Market conditions will continue to be choppy but will provide us with some amazing opportunities to capitalize on some strong bullish momentum. If you find any organizations that you have confidence in entering, enter slowly and scale into your position.
I said this last night in Discord. Despite the markets not being extremely optimal to trade at this moment, strong equities will continue to outperform the markets in the grand scheme of things. Lots of individuals will feel the heat in the short term as a result of attempting to capitalize on weak momentum. This weak momentum will result in a lack of opportunities provided to trade, which will make it extremely difficult to realize gains.
If you are long holding strong equities, then the movement that is happening in the short term is insignificant, and when market conditions are more optimal, then you will be able to realize more gains with relative ease. A small boat with lots of fundamental issues will have a difficult time operating in choppy waves, so why attempt to board that during difficult times, compared to getting onto a large ship that has already withstood even tougher waters and is sound regardless of the chop. This analogy is in reference to allocating into fundamentally solid great organizations vs looking into relatively weaker volatile stocks that will be impacted heavily by market conditions.
Look into allocating slowly and wisely to strong positions, scale in accordingly when given an opportunity to do so, and do what you can to minimize the impact of the short-term waves and chop. The chop will be difficult for many, but if you prepare accordingly, you should have a relatively easier time navigating these waters.
Continue to be smart, practice safe risk management, limit your downside potential, and do what you can do to capitalize on the opportunities presented to you.
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 the algorithmic systems we have in place. Markets were unbearably slow as we watched as there was a general shift in allocations with people taking risk off and allocating to safety. With our long-term portfolio built out to primarily focused on safety stocks, it easily outperformed the markets and provided a sizable return in comparison to $SPY. Our technical analysis did outperform the long-term portfolio, but I would 100% chalk this win to the performance of the fundamental analysis behind the long-term portfolio.
It was a great week for us, and I hope you all followed along with these plays and benefitted too!
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: +0.31%
Our Results:
Base Algorithm: +1.07%
Variable Market Neutral: +1.02%
Variable Sector Neutral: +0.93%
Long-Term Portfolio: +0.92%
Sector Neutral: +0.87%
Market Neutral: +0.84%
With the current sentiment in the markets, I would recommend caution from taking any of these positions today. This is not due to a lack of confidence in the algorithm or any of the systems we’ve created but more of a lack of confidence in the general market sentiment. Please be careful and make sure to practice safe risk management in the process of creating allocations for the day. We are built on a safety portfolio, so the risks you take by allocating amongst these positions are minimal, but it is not zero. So if you do decide to take any of these positions, make sure to do your own due diligence and assure that you are practicing safe risk management in the process.
As always, make sure to set a stop in guaranteed profit and do what you can to maximize the returns without increasing risk.
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 4/10/2023
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 , $BABA , $AMZN , $GOOGL, $AAPL , $NVDA
Free Equity List:
Safe - $SPY
Risky - $RIVN
Position Opportunities:
Continue to hold the positions you have confidence in
Set stops in guaranteed profit for any position you are in profit in
Take profit on positions you are in profit in and not confident holding
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Riskier EV Play - $RIVN
Economic News for 4/10/2023
Wholesale inventories - 10 AM ET
Notable Earnings for 4/10/2023
Pre-Market Earnings:
None Scheduled
After-Market Earnings:
PriceSmart (PSMT)
Tilray Brands (TLRY)
Wrap up
Overall, please be safe while attempting to trade today, historically, this is an extremely bearish day, followed by a significant amount of bullish momentum. So tread lightly when attempting to trade today, and make sure to practice safe risk management. Get some solid allocations and capitalize on the opportunities that will be presented to you soon.
Good luck trading today, and let’s kill it this week!