HaiKhuu Daily Report 4/24/2023
Good morning and happy Monday! Hope you all are doing well and are hyped for what should be an exciting week for the markets. There should be many trading opportunities presented to us this week, but with that said, we have a significant amount of earnings that will heavily impact market conditions and momentum, so please look to take advantage of the opportunities that are available to us, but be cautious knowing that there will be significant earnings that impact the momentum in the markets, like $MSFT, $GOOGL, $META, and $AMZN.
Good luck trading this week, and please practice safe risk management!
Thoughts & Comments from 4/21/2023
Last week was a relatively neutral week for the markets, with an insignificant amount of movement that lacked many great opportunities to trade and realize some gains. There were opportunities to scalp throughout the entire week, but it was relatively difficult to spot them and capitalize on them in real-time.
The overall movement for the week was $SPY being down 0.05%, or approximately $0.20, from open on Monday to close on Friday.
I wish there was more to be said in regards to the performance of last week, but unfortunately, not much happened other than $TSLA being impacted heavily, causing EVs to drop in the process.
Friday itself, as expected from the previous statements, did not move significantly at all, with the change in Thursday close to Friday close being +0.078%, and intraday movement was -0.01%.
It was a relatively flat week for the markets but provides us all with a great opportunity to actively trade and capitalize on the volatility and momentum in the markets.
Please continue to be cautious as this is a sign that we are in the process of preparing for a heavy movement in the general markets, it’s just a matter of if we are going to break up or break down from here. Realistically, I believe that we will come down here over the next couple of months, but in the grand scheme of things, will provide us all with an amazing opportunity to realize a significant amount of gains towards the end of the year.
If you were able to realize some gains while trading last week, great job because I know a significant amount of traders, unfortunately, realized some significant losses as a result of the lack of momentum in the markets.
Thoughts & Comments for Today, 4/24/2023
Today should be a more interesting week for the general markets providing us all with opportunities to trade and realize some gains.
I will caution people to be careful when looking to enter into any significant allocations at this time, as earnings will heavily impact your ability to enter with confidence, knowing that market conditions are not optimal for swing trades at this moment. I would advise that traders that are entering at this time either have a longer timeframe for their position of 3-6+ months or enter into only day trades and scalps. Option selling will always be a safe opportunity to enter, assuming you understand the risk parameters involved. If you want to hold positions in general, I would advise looking into taking some exposure off or hedging your account to limit the downside risk potential of everything.
Lots of traders are going to have a difficult time trading heading into the summer as a result of momentum, volatility, and volume slowing down, impacting everyone’s ability to realize gains in real time, but it will provide us all with a great opportunity to capitalize on what I believe will be exceptionally cheap prices of equities. I am expecting to see a significant decrease in the performance of higher beta stocks in the upcoming months as people start taking risk off going into the summer, resulting in speculative stocks decreasing heavily in price. If you have conviction about your allocation, you should do fine in the short term, but just make sure that you are able to hold your position with confidence at this time. If you do not have confidence in your position, then there is literally zero reason on why you should continue to hold that position.
If you are heavily exposed in the markets without the ability to average down or enter into positions due to a lack of capital, look for opportunities to exit some positions that you are in profit in and are comfortable selling now.
Cash is king and will continue to be king in the short term until the markets present us with an optimal time to enter into positions with confidence.
I will continue to warn you all in regards to what should be a difficult summer to trade, so please do not be surprised in the case we see a decrease in momentum and volatility during this summer. I still am a firm believer that during the back half of this year, we should see a significant amount of bullish momentum when it comes to the pricing of general equities. So I am confident in the grand scheme of things that equity prices should continue to go up with ease, I am just not confident in the short-term ability of people to hold those positions with confidence going into the end of the year.
Make sure you have confidence in your allocations, and continue to hold them strong through this BS.
Capitalize on the momentum and volatility that is driven by earnings this week, Look to follow the momentum of general equities in the short term if companies have bullish momentum as a result of earnings, and look to capitalize on the bearish momentum if you have confidence in the organization to enter into either a CSP with a significant amount of premium or use the quick gap down as an opportunity to enter your position with confidence.
Continue to kill it and make sure you are level-headed with all of your allocations, as a lot of people will do well over the next couple of months, and a lot of traders will have a difficult time. Do what you can to increase your upside potential and limit your downside risk whenever possible.
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 tough week for our algorithms. A lot of these losses were incurred as a result of the underlying safety portfolio that we’ve built underperforming expectations. Our technical analysis outperformed the portfolio it was built on by a sizable margin, resulting in a win from our algorithm but a loss from our fundamental analysis. Hopefully, there is a shift in market momentum where people start taking risk off, and both our algorithm and fundamental analysis can work hand in hand and outperform the markets consistently. For now, we take the loss in stride and continue to move forward with confidence.
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of last week are as followed:
Baseline:
$SPY: +0.68%
Our Results:
Base Algorithm: +0.23%
Variable Sector Neutral: -0.26%
Variable Market Neutral: -0.26%
Long Term Portfolio: -0.27%
Sector Neutral: -0.73%
Market Neutral: -0.83%
With the markets being in a weird spot, I would advise caution when looking to enter into anything in the short term without confidence. All of these alerts are valid from a technical analysis standpoint but will be impacted heavily as a result of general market momentum, and volume will be decreased across the board. So please be careful and cautious if you are taking any of these positions, make sure to do your due diligence prior to entering and practice proper risk management when entering.
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 4/24/2023
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 , $MSFT
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 4/24/2023
No economic event at this time
Notable Earnings for 4/24/2023
Pre-Market Earnings:
Coca-Cola Company (KO)
Royal Philips (PHG)
Credit Suisse Group (CS)
Sify Technologies (SIFY)
Bank of Hawaii (BOH)
Garret Motion (GTX)
After-Market Earnings:
Canadian National Railway (CNI)
Cadence Design Systems (CDNS)
Ameriprise Financial Services (AMP)
Alexandria Real Estate Equities (ARE)
Brown & Brown (BRO)
Packaging Corporation of America (PKG)
Crown Holdings (CCK)
Cleveland-Cliffs (CLF)
Whirlpool Corp (WHR)
Medpace Holdings (MEDP)
Wrap up
Please be safe when entering any positions this week, and make sure you are practicing proper risk management. There are a lot of earnings and economic events this week, so prepare for momentum to drive the markets and impact people’s ability to realize gains with ease.
Be careful when attempting to trade, as markets will treat traders who are correctly allocated this week with a significant amount of realized and unrealized gains and will punish traders who have not allocated properly over the next couple of weeks.
Continue to hedge your account when given an opportunity to do so, and remember that in these market conditions, cash itself is a position, and is always king.
Good luck trading, and let’s have some fun trading today!