HaiKhuu Daily Report 4/12/2023
Good morning and happy Wednesday! Hope you all are excited momentum coming back in the markets because today is going to be hectic. We have a significant amount of economic news coming out today that will heavily impact momentum in the markets and should theoretically increase volume by a significant amount. There will be many opportunities to actively day trade and scalp today, so please be on the lookout for opportunities that are presented to you, and capitalize on them.
As always, please follow the momentum in the markets, do not fight the trend, and practice safe risk management.
Good luck trading today, lots of people are going to win, and even more people are going to get burnt. So make smart positions, don’t get greedy, and have some fun in the process!
Thoughts & Comments from 4/11/2023
Yesterday was an amazing day for the general markets… until it was not. We started the day with relative confidence as $SPY started the day trading at $410.21, looking relatively strong in comparison to previous opens. $SPY did sell off and make a low at $408.93 within the first hour. But in typical turn around tuesday fashion, we watched as the markets decided to rip and rally from what was the relative bottom.
Going into lunch, we did watch as the markets cover and rally from the bottom. Going into power hour, there was a lot of strength and confidence. Markets were looking strong, and we just made a new high of the day, trading at $411.17. Things were looking great…. until we started to sell off. And once we sold off. Oh boy, that was quite the sell-off.
During the final half hour of the day, we watched as $SPY lost all of the gains that were incurred with relative ease. We continued to drop consistently into close, where we closed the day with $SPY trading at $409.72, up only $0.11 from the previous close, or approximately +0.027%. We had an intraday bearish movement of -0.13% and called the overall day a wash.
It was a great day for the general markets and traders who were involved, but at the same time, anyone who got too greedy and decided to hold positions until the end of the day regretted it. I hope you all were able to capitalize on the opportunities presented to you and were able to realize some gains in the process.
Let’s hope today is a significantly better day that provides us with even better opportunities to realize some gains!
Thoughts & Comments for Today, 4/12/2023
Today should be an exceptionally fun day for the markets as there will be a significant amount of trading opportunities presented to us. Please be extremely careful when trading, as lots of people will get burnt, but just know there will be many many opportunities to capitalize on this momentum.
I am assuming that today will be extremely momentum-based as a result of general economic data, which will be filled with choppy movements that will result in a lot of traders losing confidence in their plays throughout the day. Take advantage of the momentum that is available to you and ride the bullish wave up.
Do not fight any trends that are happening today, look to play reversals, and do not FOMO in or get emotional about your trades. Practice safe risk management and do what you can to capitalize on the opportunities that are available.
The markets will be impacted heavily as a result of this choppy momentum and will result in a lot of traders that will realize losses and then get emotional about their plays and FOMO just to continue to increase their losses.
Practice safe risk management in the process, and do not feel bad if you leave money on the table. Lots of traders will have a difficult time getting their positions to work out accordingly, and more people will sit back and watch as the markets take off without them. I would rather you all sit back and be upset that you took your profits early compared to not realizing your gains and being upset about incurring losses.
Just be smart and level-headed while attempting to trade today. Do not get greedy. Do not overtrade, and be happy with any and all gains that you will incur. This should be a fun. We all should be able to realize gains with relative ease, so just do what you can do in the short term to capitalize on this momentum and take advantage of the opportunities available.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday was an alright day for the algorithm, with a mixed bag of results. The markets performed well until the final minutes of the day. During that time, we watched a large shift in the performance of our systems. Obviously, it is not ideal to watch the markets drop heavily in the final thirty minutes of the day, but there is not much we can do about that. Our fundamental analysis outperformed both our technical analysis and the general markets, so it was a win on that side, but the technical analysis involved behind the scenes underperformed in comparison to the overall markets. One day of mixed results is not a cause for concern, nor is it something that I am worried about, so we move on and continue testing as normal.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: -0.13%
Our Results:
Long-Term Portfolio: +0.14%
Market Neutral: +0.03%
Sector Neutral: -0.09%
Variable Market Neutral: -0.13%
Variable Sector Neutral: -0.21%
Base Algorithm: -0.22%
Please be cautious about taking any of these positions today. This report was written prior to economic news coming out this morning. There is a good opportunity for the markets to move up, and there’s a good chance things come down. Follow the momentum in the markets, and do not take any positions you personally are not comfortable taking. Today will be extremely volatile, providing you with an opportunity to realize some gains, but at the same time, providing you with many opportunities to get burnt. Make smart decisions and move forward with your life accordingly.
Practice safe risk management and only enter positions with confidence.
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 4/12/2023
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 , $TSLA , $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
Look to start exiting positions you are comfortable with profit in
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Riskier EV Play - $RIVN
Economic News for 4/12/2023
Consumer price index - 8:30 AM ET
Core CPI - 8:30 AM ET
CPI year over year - 8:30 AM ET
Core CPI year over year - 8:30 AM ET
Richmond Fed President Barkin speaks - 9 AM ET
San Francisco Fed President Daly speaks - 12 PM ET
Treasury Budget - 2 PM ET
Minutes of FOMC meeting - 2 PM ET
Notable Earnings for 4/12/2023
Pre-Market Earnings:
Apogee Enterprise (APOG)
After-Market Earnings:
None Scheduled
Wrap up
Overall, please be careful while attempting to trade today. I would recommend you all to take advantage of the momentum in the markets today as there will be many great scalping and day trading opportunities, but do what you can do in the short term to minimize risks wherever possible. Please be smart as there is a significant amount of economic news that will heavily impact the markets today. So realize some gains and don’t be dumb
Good luck trading, and let’s absolutely KILL it today!