HaiKhuu Daily Report 4/19/2023
Good morning and happy Wednesday! Hope you traders are ready and have filed your taxes! If you have not filed your taxes… uh… Good luck, and go file for an extension.
Historically, today is an extremely bullish day for the general markets. $SPY is down at the time of writing this report, but it is providing us with a great opportunity to load up on what is a relative dip in weakness for us to have an even better intraday movement. Obviously, this is all speculation on historical data from a book I purchased on Amazon for $40, but as the old saying goes. History repeats itself.
Please take this with a grain of salt when contemplating entering or exiting any general positions today, and look to capitalize on all of the opportunities that are presented to you. Practice safe risk management with your allocations today, realize some gains, and take advantage of the momentum in the markets.
Good luck trading today, let’s make some BANK!
Thoughts & Comments from 4/18/2023
There is not much to say about yesterday. On the grand scheme of things, markets moved an irrelevant amount, with the day-to-day movement on $SPY being 0.065%, but if you look at the intraday movement, you’ll see a significant amount of selling from open to a relatively neutral day across the board.
$SPY opened the day up, trading at $415.59, up from the previous close of $413.94. The markets looked relatively strong, but that was obviously not the case. Markets slowly came down after the first half hour of the day, where after the first hour of the day, the majority of the movement had happened, and $SPY bottomed out around $413.
Going into lunch, we did see a quick dip to make the official low of the day, trading at $412.79, before quickly moving up to the neutral point on $SPY, where we hovered around $414 for the back half of the day. There was no significant movement at all, and there were no good trading opportunities during the back half of the day, as we literally remained neutral until close. It was an unfortunate time for the markets, and it honestly was extremely boring.
We closed the day with $SPY trading at $414.21, up $0.27 from the previous close, or up approximately 0.065%, with an intraday movement of -0.33% from open. The majority of the movement happened during the first hour of the day, and markets remained neutral throughout the entirety of the day.
I hope you all were able to capitalize on the momentum in the morning and were able to find positions that had momentum towards the end of the day because that overall movement in the market was flat enough that you could land a plane on it.
Hopefully, today is a significantly better day for the general markets providing us all with better opportunities to actively trade and realize some gains because yesterday was a rough time.
Let’s see what happens today and make the most out of the opportunities that are available to us!
Thoughts & Comments for Today, 4/19/2023
Today as I said before, is historically a bullish day for the markets. I personally am expecting a green day for the markets, so please take everything that I said now with a grain of salt, as it is biased.
I do believe that the markets will come down over the upcoming months, and we will see a significant amount of instability in the price of general equities. I have personally started to hedge my account in preparation of this downturn and will continue to hedge my account accordingly when given an opportunity to do so. This is not a bad time to start exiting positions you lack confidence in but retain profits in, and this is not a bad time to start preparing to load up on cash.
Today will be a great day to actively day trade and scalp, but it will be difficult for the majority to generate realized gains with ease. A lot of people are going to get chopped out and incur losses in the process. It is unfortunate that losses will be incurred today, but that is just a part of being in the markets the way that we are. Do what you can to limit your downside risk potential, but do what you can to increase your exposure and capitalize on the opportunities that are available to you.
A couple of positions I would recommend:
Start selling positions you lack confidence in
Set stop losses on all positions you do not want to hold until the end of the year
Purchase hedges either directly against your position or in indices like $SPY and $QQQ
Sell covered calls on equities you anticipate holding
Have cash ready to purchase and average down during the middle of the summer
Market conditions are only going to get worst before they get better, and it will be difficult for the majority who do not prepare. Please mentally and physically prepare for what is going to be a choppy and very difficult summer to actively trade. Today hopefully, will present us with a great opportunity to exit positions with relative ease and confidence and allow us to capitalize on the momentum in the markets.
I do believe my timing is off slightly in regards to where I feel this is a top, but I would rather be a week or two early on my personal sentiment and have time to prepare accordingly versus sitting there three days too late, after the significant movement in the markets happens, wishing that I took the initiative earlier.
This summer will provide us with many questionable but great opportunities to go long in the general markets, you just have to be able to capitalize on the opportunities that will be available, and that means remaining solvent, purchasing equities you have confidence in, and having a game plan mapped out so you know exactly what to anticipate in the future.
With this all said, I still am a firm believer that we will see a significant amount of bullish momentum toward the end of the year. Start loading up solid equities towards the back half of Q2, hold through the choppy beginning of Q3, and enjoy the beautiful run between the end of Q3, and all of Q4.
Weak hands will get shattered over the next couple of months, and I expect the majority of retail traders to not be able to sustain themselves and remain solvent throughout the summer, so remain solvent, level-headed, and capitalize on the opportunities presented to you in the short term, to capitalize on the opportunities here in the near future. Plan out which organizations you want to purchase at a steep discount, and think about why those allocations are the best for you and your position.
Continue to capitalize on the opportunities that are presented to us in the short term and take what I said with a grain of salt.
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 rough day for the general markets being relatively choppy with an insignificant movement. All of our systems outperformed $SPY and performed as expected, being built specifically around safety stocks. The performance over the course of the day was just alright, but I am happy that our systems beat the markets. Our technicals underperformed by 0.01% in comparison to our fundamental analysis, so pretty much just a wash across the board. I’m happy about these results and very satisfied knowing how well our systems worked on a day like yesterday.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: -0.33%
Our Results:
Market Neutral: +0.15%
Sector Neutral: +0.1%
Variable Market Neutral: -0.01%
Variable Sector Neutral: -0.07%
Long Term Portfolio: -0.09%
Base Algorithm: -0.1%
With the markets historically being bullish today, please look out for opportunities to actively capitalize on higher beta stocks today. As always, I will continue to advocate for proper risk management and assuring that you are limiting your general exposure as much as possible when looking to enter into any allocations. Make sure to do your due diligence prior to entering any of these allocations, and make sure you enter positions that you have confidence in. Set stops in guaranteed profits and continue to take the consistent win. They might not be significant on a day-to-day basis, but consistent wins over time will outperform anyone trying to hit it out of the park.
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 4/19/2023
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 4/19/2023
Fed Beige Book - 2 PM ET
New York Fed President Williams speaks - 7 PM ET
Notable Earnings for 4/19/2023
Pre-Market Earnings:
ASML Holding NV (ASML)
Abbott Laboratories (ABT)
Morgan Stanley (MS)
Elevance Health (ELV)
US Bancorp (USB)
Travelers (TRV)
Baker Hughes (BKR)
Nasdaq (NDAQ)
Citizens Financial Group (CFG)
Ally Financial (ALLY)
After-Market Earnings:
Tesla (TSLA)
International Business Machines Corporation (IBM)
LRCX Lam Research Corporation (LRCX)
Crown Castle (CCI)
Kinder Morgan (KMI)
Discover Financial Services (DFS)
Equifax (EFX)
Steel Dynamics (STLD)
Rexford Industrial Realty (REXR)
Alcoa Corporation (AA)
Wrap up
Overall, I do expect to see a significant amount of momentum and chop today, as this is a historically bullish day for the general markets. Look to take advantage of the momentum that is available to us and look to realize some gains when given an opportunity to do so. Look to start hedging your account and holding more cash in preparation for the summer and start making a gameplan for what organizations you want to allocate into for Q3/Q4.
Good luck trading, and let’s hope there is significantly more momentum in the markets today!