HaiKhuu Daily Report 4/18/2023
Good morning and happy Tuesday! Do not forget your taxes are due today, so please, if you have not, take some time and prepare your tax statements, and if you need some time, do not forget to apply to get an extension.
Historically, this is another bullish day for the markets. I will say this today the same way I said this yesterday. Despite the bullish sentiment in the general markets, please be careful as there will be a significant amount of bullish momentum in the market, but a significant amount of chop that will make it difficult for the majority of traders to easily scalp this momentum.
Be smart, but look to capitalize on all of the opportunities that are presented to you. Lots of people in the short term are going to be impacted heavily as a result of this momentum, and a lot of people will be able to capitalize on it with relative ease.
Practice safe risk management, do not get greedy, and set stops in guaranteed profit accordingly.
Start to slowly hedge your account in case we see some significant bearish momentum, and as always, look to minimize risks at all times.
Thoughts & Comments from 4/17/2023
Yesterday was an interesting yet extremely choppy day for the general markets. We saw a significant amount of chop and a beautiful amount of bullish momentum that traders could have easily capitalized on with relative ease.
$SPY opened up relatively black for the day, trading at $412.43, down ever so slightly from close on Friday, and provided us with many opportunities to get chopped around. We moved up ever so slightly right from open, but as I said, we continued to chop around for the majority of the morning. We made a relative high trading above $413 despite the relative chop before coming down significantly for the majority of the day.
We did sell off for the majority of the morning, where going into lunch, we tested relative bottom trading at $411.34 and moving up as momentum continued to pick up as people came back from lunch.
Going into power hour, we did watch as $SPY went on to make the official low of the trading day at $411.08, which was followed by a significant amount of bullish momentum into close. We pumped up for pretty much the entirety of power hour into the close of the day and consistently made new highs. We made an official high of the day into market close, with the high of the day being $413.96, and we closed the day with $SPY trading at $413.94, up $1.48 from the previous close, or approximately 0.36%, with an intraday bullish movement of +0.38%.
It was a tough day trading as there was a significant amount of chop, but provided us with an opportunity to load up on any day trading equities with relative ease, and the majority of traders should have been able to capitalize on the momentum and realize some gains in the process. Great job to anyone who held through the entire day with confidence and was able to benefit from having conviction in the markets.
Let’s hope this momentum continues over the next couple of days, and let’s keep making some bank!
Thoughts & Comments for Today, 4/18/2023
Today should be a fun day for the markets, as I said earlier, this is a historically green day for the general markets. There will be many great opportunities to actively trade in the process of everything and realize some gains. As always, please be smart when attempting to trade, and limit your downside risk potential as the markets should slow down into the summer seasons. I brought this up yesterday, and I will continue to slowly bring it up more and more during this transitional period in the markets. Capitalize on the momentum in the markets at the moment while there is this bullish momentum, but look to start hedging your account while vix is at this relative low and the price of equities is at a relative high. Allocating early on a hedge, assuming you have the mindset that it is a hedge, is not the worst thing in the world. I would rather you all start hedging relatively early on your positions, not get the most optimal initial entry, and continue to average in accordingly, versus the markets coming down significantly, and then you attempt to hedge after the initial movements have happened.
Lots of traders are going to get clapped in the process of being greedy here in the short term and not preparing for the future accordingly. Realistically, I want the markets to continue moving up with no end in sight, but that would be irrational for anyone in our position to think that way. If you scale into your hedge properly, you should be able to tie up a small portion of capital and continue to move forward with your allocations with relative ease.
It is not the time to be greedy in the markets. Continue to capitalize on this momentum when given an opportunity to do so, but take your profits when you are happy. I believe that despite this chop today, there will be many great opportunities to actively day trade and scalp. If the markets come down and show a sign of reversal at the bottom, it could be a great opportunity to purchase strong equities at a relative discount to sell tomorrow with relative confidence and gains.
I will say that I personally expect day traders (Buy and then sell intraday) will profit significantly more today and tomorrow in comparison to scalpers. So look to purchase equities with confidence when given an opportunity to do so, and continue to hold with confidence.
I will be continuing to find active day trades when I see an opportunity to enter, it will just be a matter of which organizations I enter and when I scale in. These positions will not be significant in any way, shape, or form but will be providing consistent returns. 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 interesting day for the markets intraday. There was a lot of momentum that impacted the performance of the algorithm and it shows within the performance of the systems yesterday. Our fundamental analysis worked hand in hand with our technical analysis, with the fundamental analysis slightly outperforming the algorithm but both being beaten out by $SPY. The one thing that I do find interesting about our results is the consistency of $SPY outperforming our results intraday. This is nothing of concern as results like yesterday are expected at times of high volatility, but we are looking at how to improve our systems and make them more consistent across the board! Not a bad day for either the algorithms or the markets.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: +0.38%
Our Results:
Base Algorithm: +0.15%
Long-Term Portfolio: +0.12%
Variable Market Neutral: +0.11%
Market Neutral: -0.05%
Sector Neutral: -0.14%
Variable Sector Neutral: -0.16%
With the markets historically bullish today, look to allocate properly into some of the positions you personally have confidence in. As always, make sure to do your proper due diligence prior to entering into any positions, and practice safe risk management in the process of everything. Do not take on too much risk, and always set a stop to limit your downside risk potential. Continue to capitalize on the opportunities presented to you, mostly when they are on a silver platter like this. Traders that cherry-pick from these allocations every day will be able to realize a significant amount of gains with relative ease.
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 4/18/2023
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:
Start hedging positions you want to hold
Set stops in guaranteed profit for any position you are in profit in
Start exiting positions you are comfortable taking profit in
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Riskier EV Play - $RIVN
Economic News for 4/18/2023
Housing starts - 8:30 AM ET
Building permits - 8:30 AM ET
Fed Gov. Michelle Bowman speaks - 1 PM ET
Notable Earnings for 4/18/2023
Pre-Market Earnings:
Johnson & Johnson (JNJ)
Bank of America Corporation (BAC)
Lockheed Martin Corporation (LMT)
Prologis (PLD)
Goldman Sachs (GS)
Bank of New York Mellon (BK)
Ericsson (ERIC)
Commerce Bancshares (CBSH)
After-Market Earnings:
Netflix (NFLX)
Intuitive Surgical (ISRG)
Omnicom Group (OMC)
United Airlines (UAL)
First Horizon Corporation (FHN)
Interactive Brokers Group (IBKR)
Western Alliance Bancorp (WAL)
Hancock Whitney Corp (HWC)
United Community Banks (UCBI)
Fulton Financial Corp (FULT)
Wrap up
Overall, please do not forget to submit your tax information, as it is due today. File for an extension if necessary. Look to capitalize on the opportunities available to you in the markets and make sure to practice safe risk management in the process. People historically have made a significant amount of money trading this week, so do what you can to increase your profit potential, and as always, make sure to limit your downside risk. Realize some gains while trading today, be smart, and have some fun!
Good luck trading, and let’s make the most out of today!