HaiKhuu Daily Report 4/13/2023
Good morning and happy Thursday!!! Markets have been extremely volatile and choppy recently. I hope you all have enjoyed the increase in volume and have seized any opportunities to realize some gains. The momentum in the markets over the previous couple of days has provided us with a significant amount of opportunities to trade and, unfortunately, even more opportunities to get burnt. Hopefully, you all have been listening to our warnings about these market conditions and have not had a difficult time navigating this chop.
Please continue to make smart positions and look to capitalize on the momentum that is in the markets at this moment. Lots of people will overtrade, and many people will under trade, but regardless of everything, just remember… realized gains are realized gains, don’t be dumb, don’t be greedy, and be happy knowing the fact that even though this is a tough time, you are not realizing losses in the process of everything.
Continue to do what has brought you success in the markets recently, and keep realizing some gains!
Thoughts & Comments from 4/12/2023
Yesterday was an interesting and extremely choppy day that provided us with many opportunities to trade and even more opportunities to get burnt. It was a tough day for many but could have been extremely profitable, assuming you timed your positions perfectly.
We started the day with the markets ripping pre-market as a result of economic news. $SPY opened the day trading at $411.80, displaying relative strength, but as the markets opened, we quickly saw the selling momentum pick up, resulting in the markets being extremely volatile as a result of increased volume. $SPY did make a high of the day early in the morning, right above the open price at $412.17 but came down throughout the entire morning.
During the beginning of the lunchtime lull, we made a relative low with $SPY trading at $408.61, which at the time was a rough drop, but it did provide us with an amazing opportunity to scalp the bottom and hold your positions on the way up. Going into FOMC minutes, we watched as the markets moved up nicely, where we were green on the day, and saw a significant amount of confidence coming back into the markets.
Once the FOMC minutes came out, is when all hell was let loose. The markets moved up as the data came out, where we were testing relative highs, until the selling momentum started, and the markets came down as a result.
All of the bullish movement up was shot right back down, and all the confidence was lost.
$SPY quickly went red for the day and continued to make new lows of the day into power hour. The selling slowed down during power hour, which was nice, but it did not make up for all of the significant bearish momentum that was incurred previous to that point.
We made an official low of the day, with $SPY trading at $407.44, down significantly from the high of the day, and watched as $SPY recovered slightly into close. $SPY ended the day trading at $408.05, down $1.67 from the previous close, or approximately down 0.41%. The overall movement was not too significant, but as a result of watching the confidence at open turn into fear by close and watching the markets drop 0.91% intraday was a tough pill to swallow.
I hope you all are doing alright after a day like yesterday, and let’s hope these next upcoming days are significantly better!
Thoughts & Comments for Today, 4/13/2023
Today should be a little bit better of a day in terms of intraday movement. As we have a significant amount of economic news happening prior to opening, I would expect today to be extremely momentum-based and not extremely volatile like yesterday. I would expect chop that makes the markets more difficult to actively navigate but should provide us all with some great opportunities to actively scalp and trade.
Just as a reminder, take advantage of the momentum that is currently in the markets, as this confidence is not going to last. I don’t want to be the bearer of bad news, but realistically you should be preparing for a relatively neutral, difficult summer to trade, where there will be times of short-term confidence and momentum.
Continue to do what has been successful for you this year and continue to realize some gains in the short term.
On top of everything, please continue to practice safe risk management in the process of everything. The markets are going to continue to be extremely choppy, which will heavily impact people’s ability to consistently realize gains with relative confidence. If you are day trading, make sure to always have a stop loss set in place, if you are swing trading, make sure to have a stop loss set in place, and if you are an active investor, continue to have cash on hand to allocate into strong positions with confidence.
I would highly recommend that, in the short term, look for opportunities to day trade with confidence. I would not look to actively scalp amongst the chop as that will be extremely difficult to do consistently, but look for a sign of reversal in the greater markets and follow that momentum. Wait until the selling has stopped and shows a sign of reversal prior to grabbing strong equities and day trading them, or wait until there is a confirmation of a reversal at the top, which provides us with an opportunity to short with confidence.
Do not fight any trends. Do not trade because you have a gut feeling. Do not do anything that puts your portfolio at risk.
I hope you all are able to actively trade today and will be able to capitalize on the bullish momentum that is presented to us.
Historically, this is a bullish day for the general markets, so let’s see if history repeats itself and we are able to capitalize on this sentiment!
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 tough day for the markets, and that is reflected in the algorithms and systems we have in place. I am not the happiest with the outcome of trading yesterday, but you cannot expect much on such a rough day for the markets. I am very happy to see that every system we had did outperform the general markets. Our fundamental analysis outperformed our technical analysis, but for a day like yesterday, results like that should be expected.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: -0.91%
Our Results:
Market Neutral: +0.41%
Sector Neutral: +0.3%
Variable Market Neutral: -0.12%
Variable Sector Neutral: -0.22%
Long-Term Portfolio: -0.34%
Base Algorithm: -0.62%
With the markets acting very volatile, we are seeing a shift in allocations in the general portfolio more into safety stocks compared to high beta stocks like $NVDA and $META, they still are being recommended but at a significantly lower allocation rate. If you decide on taking any of these base algorithm alerts today, just know that some will do well, but others will not move as much in perspective to the markets. This theoretically means you are safer in these allocations in comparison to the markets, if you invest in every position. If you decide to take any plays, make sure to practice safe risk management and limit your downside risk potential. Always set a stop in guaranteed profits and make sure to take allocations off the table when you are happy doing so.
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 4/13/2023
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 4/13/2023
Producer price index - 8:30 AM ET
Core PPI - 8:30 AM ET
PPI year over year - 8:30 AM ET
Core PPI year over year - 8:30 AM ET
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Notable Earnings for 4/13/2023
Pre-Market Earnings:
Delta Air Lines (DAL)
Fastenal (FAST)
Infosys Technologies (INFY)
Progressive Corp (PGR)
After-Market Earnings:
None scheduled
Wrap up
Overall, please follow the momentum in the markets. Things are extremely momentum-based at this point, so please be careful and do not attempt to overtrade or fight the trend. If you attempting to time out a position, wait for a confirmation of a reversal from what is a relative top or bottom, and exit with confidence. Realize some gains when given an opportunity to do so, and have some fun trading!
Good luck trading, and let’s make the most out of today!