HaiKhuu Daily Report 4/17/2023
Good morning and happy Monday! Hope you all had an amazing weekend and are ready for what is historically an extremely bullish week! Just as a reminder, do not forget to file your taxes, they are due tomorrow, Tuesday, March 18th!
As I said before, this is a bullish week for the general markets. Historically, dow is green approximately 71% of the time today. The monday before april expiration, dow has been up 20 of the past 34 years but down 11 of the past 18, so it should be extremely interesting to see how today plays out.
Prepare for earnings season, as lots of companies will have earnings over the next couple of weeks, providing us with some great volatility.
As always, make sure to practice safe risk management as the markets will be extremely choppy this week with no consistency across the board, but this will provide us with many great opportunities to trade and realize gains with relative ease. Just be smart, capitalize on the opportunities available, and realize some gains!
Good luck trading this week!
Thoughts & Comments from 4/14/2023
Last week was a choppy and slow week for the general markets that provided us all with a great opportunity to actively trade and realize some gains. Monday was full of slow but extremely steady movement up in anticipation of economic news, while Wednesday, we saw a significant amount of chop. We ripped and rallied to start the day with pre-market economic news, with $SPY opening at $411.80. Moved up slightly and came down significantly after the FOMC minutes came out. We ended Wednesday with $SPY trading at $408.05, down significantly from open.
Thursday was a significantly better day for the markets, as the markets continually moved up throughout the entire morning, providing us all with an amazing opportunity to actively day trade and realize some gains. The momentum was not the most optimal for actively scalping but provided general consistency that lead the day to close up 1.04% from open.
Friday was a generally tough day for the markets, though. We did test new relative highs that we have not seen since the beginning of February, which is a sign of relative confidence in the overall markets. We started the day trading at $412.77, down from the previous close but with a relative strength, as we went on to quickly make a high of the day trading at $415.09. $SPY did lose a lot of steam as a result of the U-Mich sentiment report, which caused a shift in momentum in the market that caused us to sell off for three hours, where we tested relative support on $SPY. We made a low of the day, trading at $410.06. Going into the back half of the day, the markets at least had some general buying momentum that provided us with some great opportunities to actively day trade or scalp, as we recovered the majority of the incurred intraday losses by market close.
$SPY ended up pushing during power hour, and we ended the week with $SPY trading at $412.46, down $1.01 from Thursday’s close, or approximately 0.24%, with an intraday movement of -0.1%. It was a relatively tough way to end the week, but overall in the grand scheme of things, relatively insignificant. $SPY was up almost 1.5% over the course of the entire week, providing us with many great opportunities to actively trade and invest throughout the entirety of the week.
Hopefully, you all were able to capitalize on all of the opportunities that were available to us and realize some gains within the process. It was a tough week to trade but provided us with many great trades, you just had to spot them in real time.
Let’s go on and kill it this week and hope that this bullish momentum only continues with relative strength!
Thoughts & Comments for Today, 4/17/2023
This should be a fun week for the general markets providing us with great opportunities to actively trade, scalp, and realize some gains. As I said before, historically, this is an exceptionally bullish week for the markets, so let’s hope that history repeats itself. The dow is green 71.4% of the time, compared to higher risk indices like /NQ, which are green only approximately 47% of the time. Tomorrow is the tax deadline, and Wednesday is typically an extremely bullish day as it is the day after the general tax deadline.
Please take this into account when looking to make any allocations and look to capitalize on the opportunities that are presented to us in real time. I would not expect that the majority of individuals realize losses over the next couple of days, but I will say that I expect to see some volatility and chop that will make things more difficult
I personally would recommend looking more into allocating into safety plays that specifically are heavily weighted in the DOW today, looking to actively scalp the opportunities that are available tomorrow, and look to allocate and day trade high beta positions on Wednesday.
There are going to be many great trades that will become available throughout the week, but they will be difficult to spot in real-time, so do what you can to limit your downside risk potential but capitalize on the opportunities that are going to be available to you in real-time.
Look to also start taking profits and hedging your positions NOW. This may not seem like an optimal time to enter into hedges as the markets are looking relatively strong, but just note that over the upcoming weeks, markets will weaken going into the summer. So hedge while vix is low and the price of equities are high.
This should be a fun transitional period for the markets providing us with many great opportunities to allocate long into the markets when we’ve hit a relative bottom and ride the beautiful wave up during Q3/Q4
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 a choppy week for the general markets, with inconsistency throughout the active trading day, and those are shown in our results. Our fundamental analysis did outperform our technical analysis, with both getting beaten out by the general markets. It was a tough time last week, but I am not worried about these results at all in any way, shape, or form, as our systems are built on consistency and safety in the portfolio. The majority of the losses were derived specifically from $NVDA, and as the markets are shifting, so is the weight of each allocation. We will see how the performance of the algorithm is this week and reflect on it’s performance and how we can improve it.
We all highly recommend you check out Asher’s Report for the weekly updates on the algorithm!
The results of yesterday are as followed:
Baseline:
$SPY: +0.63%
Our Results:
Long-Term Portfolio: +0.57%
Base Algorithm: +0.34%
Variable Sector Neutral: +0.29%
Variable Market Neutral: +0.19%
Sector Neutral: +0.02%
Market Neutral: -0.11%
With the markets being historically bullish this week, look to play some of these positions, but as always, PLEASE make sure to practice safe risk management. Safety stocks should do phenomenally today specifically, so look to decrease risk and allocate more towards low beta stocks that specifically are in the DOW and be happy taking small wins consistency versus attempting to hit it out of the park. Our systems should do phenomenally today, so look to capitalize on our systems when you have a chance!
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 4/17/2023
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 4/17/2023
Empire State manufacturing - 8:30 AM ET
Home builder confidence index - 10 AM ET
Richmond Fed President Tom Barkin speaks - 12:45 PM ET
Notable Earnings for 4/17/2023
Pre-Market Earnings:
Charles Schwab (SCHW)
State Street Corporation (STT)
M&T Bank Corp (MTB)
Guaranty Bancshares (GNTY)
After-Market Earnings:
JB Hunt Transport (JBHT)
Equity Lifestyle Properties (ELS)
Pinnacle Financial Partners (PNFP)
ServisFirst Bancshares (SFBS)
FB Financial Corporation (FBK)
CrossFirst Bankshares (CFB)
Wrap up
Just to wrap things up, don’t forget to do your taxes as they are due tomorrow, prepare for the bullish momentum across the board this week, and prepare for earnings season as it is among us. Look to capitalize on any and all of the opportunities that are presented to us, and as always, mitigate risk, realize some gains, and have some fun in the process of everything!
Good luck trading, and let’s kill it this week!