HaiKhuu Daily Report 4/11/2023
Good morning and happy Tuesday! Hope you all are well-rested and are feeling amazing! $SPY is up ever so slightly at this moment and looking extremely optimistic for an opportunity to break $410 and continue to run. Historically, today is a green day for the markets. The almanac is obviously not always 100% correct, but from the pre-market momentum, this is looking like it should be a great day.
Please prepare accordingly and be ready to sit back, relax, and watch your positions move up accordingly.
Thoughts & Comments from 4/10/2023
Yesterday was an interesting yet exceptionally great day for the general markets. The overall movement was not significant in any way, shape, or form, as $SPY moved only 0.1% from the previous close, but the intraday movement was slow but exceptionally bullish.
We started the day with $SPY trading at $406.65 and looking relatively weak, but provided us with an amazing opportunity to load up on equities at what was a phenomenal price. We chopped around throughout the entire morning, where $SPY went on to make a low about a half hour after opening at $405.97, and watched as $SPY moved up slightly afterward. As $SPY approached $408 during the beginning of lunch, we watched as $SPY sold off to test the open price. The movement down was quick and significant, but we were lucky to watch the market catch a bid and continue the strong trend that it created up all the way into close.
During power hour, $SPY continued to slowly push up, even going green for the day. We made a high of the day into close, with $SPY trading at $409.69 and closing the day officially at $409.61, up $0.42 from the previous close or approximately 0.1%, with an intraday bullish movement of +0.75%.
As I said before, the intraday movement was not significant in any way, shape, or form, but it did provide us with many opportunities to load up on strong equities, sit back, relax, and hold throughout the day. Hopefully, you all were able to capitalize on the momentum and opportunities presented to us because as minimal of a day as it was for the overall movement, it was a great day to actively participate. The wins that you make from actively
Let’s get ready to continue to kill it over the next couple of days and have some fun!
Thoughts & Comments for Today, 4/11/2023
Today should be another fun day for the general markets that provide us with many opportunities to actively trade. I will warn you all now just because, historically, this is an exceptionally green day does not mean that it will be an easy day for the markets. Despite this sentiment, I do expect to see a lot of chop that will make it difficult for the majority of traders.
My personal recommendation for the day is to not attempt to actively scalp throughout the day but buy and hold solid organizations at a price you are comfortable holding at. This is not the time to open up multiday swing trades, but it is an opportunity to do so. It would have been better to open those positions around open yesterday. So stick to buying solid equities at a phenomenal price, letting the day trade work out, and taking your win and moving on in life. The gains you will realize from day trading today will not be significant, but as I always say. A win is a win.
One organization I would highly recommend you watch today though is $TSLA, there has been some significant bullish momentum that will provide day traders and swing traders a great opportunity to watch and realize some gains while trading.
People who are still holding solid equity positions should see a significant amount of gains today, with relative ease in comparison to watching traders sit around and struggle to actively realize gains and stress out in the process.
Just please continue to be smart. I personally will be holding the majority of my positions over the next couple of weeks with the anticipation of exiting the majority of my positions by the end of this month, followed by actively day trading in the short term when given an opportunity to do so. I will NOT be doing much scalp trading, IE, quickly entering and exiting positions within seconds, as this chop will not make it optimal and will actually make it extremely difficult to scalp with ease. The positions I will be picking up are organizations I can enter with relative ease and let play out over the course of the entire day until I reach a point of confidence where I exit the position or set the position to close by EOD.
I would recommend that everyone, again, please be careful and do not overtrade. Risk management and diversity are the keys to your success in these market conditions, so do what you can do to make logical positions that will work out in your favor and minimize your downside risk potential.
Be smart while trading today, and make some BANK
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was a great day for the general markets that provided us with many opportunities to actively realize a significant amount of gains while trading BAOSAC. The markets did slightly outperform the algorithm, but I am still happy with the results as the algorithm itself did outperform the technical analysis it was built on. It was a great day for us, and hopefully, it was a great day for you all too!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.75%
Our Results:
Base Algorithm: +0.61%
Long-Term Portfolio: +0.42%
Variable Market Neutral: +0.35%
Variable Sector Neutral: +0.26%
Market Neutral: -0.1%
Sector Neutral: -0.14%
With the current sentiment in the markets, please be cautious when looking to take any of these plays today, but take advantage of all of the opportunities that are available to us at the moment. A lot of these plays will do exceptionally well today, but as always, please do your own due diligence prior to taking any of these plays, and as always, practice safe risk management. Limit your downside risk potential and take the wins that are presented to you!
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 4/11/2023
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 4/11/2023
NFIB optimism index - 6 AM ET
Chicago Fed President Goolsbee speaks - 1:30 PM ET
Philadelphia Fed President Harker speaks - 6:30 PM ET
Minneapolis Fed President Kashkari speaks - 7:30 PM ET
Notable Earnings for 4/11/2023
Pre-Market Earnings:
Albertsons (ACI)
CarMax (KMX)
After-Market Earnings:
Skillsoft Corp (SKIL)
Wrap up
Overall, please be smart when attempting to trade today. There will be many opportunities to get burnt if you force a trade or time a position incorrectly, and there will be many more opportunities to trade and realize some gains. Be smart, and do not over trade. Make diligent positions and capitalize on those decisions when given an opportunity to realize some gains. As always, practice safe risk management and have some fun in the process of everything.
Good luck trading today, and let’s make some BANK!