HaiKhuu Daily Report 4/26/2023
Good morning and happy Wednesday!!! Markets are up ever so slightly during this pre-market session, and a lot of organizations have gone absolutely INSANE as a result of earnings last night. The most notable movement is $MSFT, being up roughly $20, trading around the $300 resistance level again. Assuming this momentum holds, will provide $MSFT with a new 52-week high. Markets are in an interesting indecisive area where we are prone to a significant downside if it occurs… In the case that we have some relatively insane earnings like Microsoft, where we build strength and confidence in the markets, I will be excited to see a significant shift in market momentum and a shift in confidence.
Let’s see what happens today and take advantage of all of the opportunities that are available to us. Follow the momentum in the markets, and let’s make some bank!
Thoughts & Comments from 4/25/2023
Yesterday was a tough and extremely bearish day for the general markets. It did not provide us with many good opportunities to trade or scalp but provided us with some solid bearish momentum that could have been easily capitalized on. Lots of traders had a difficult time, so if you are one of those traders, sorry that it happened, but it’s all part of the industry. Don’t kick yourself while you are down, and continue to move forward.
$SPY opened the day trading at $410.55, down significantly from the previous close on Monday at $412.63, and we lost confidence in the general markets extremely quickly, early in the morning, as $SPY broke that $410 magnet spot with relative ease. We did come back once more to test that level, but unfortunately, that did not matter as the selling was too significant.
For the large majority of the day, there was just straight bearish momentum negatively impacting the markets, and we watched as everything continued to tumble. The selling picked up during the back half of the trading day, where there was an increase in volume in the markets, and momentum spiked with it. Selling increased, and we continued to fall farther and farther away. We continually made new lows of the day all the way into close, where we officially made the low of the day into close, with the low being $406.03, and $SPY closed the day at $406.08, down $6.55 from the previous close, or approximately -1.59%, with an intraday bearish movement of -1.07%.
It was a tough day for the general markets that provided us with a significant loss in confidence in the general markets but provided us with an opportunity to play to the bearish side. I hope you all were able to minimize your losses and have been listening to our warnings over the previous couple of weeks and started selling and hedging your positions, as those hedges should have done phenomenally on a day like yesterday.
If you lost money, C’est la vie. Move on with your life, learn from your mistakes, and do what you can in the short term to capitalize on the future opportunities that will be presented to you!
Thoughts & Comments for Today, 4/26/2023
Today should be a significantly more interesting day for the markets in comparison to the previous couple of weeks. Yesterday we had bearish momentum, realistically, as a result of major earnings yesterday and this week, we should see some significant bullish momentum and lots of opportunities to capitalize on.
We have $META earnings after hours. I would not recommend that you actively look into allocating into either them or to $AMZN specifically for an earnings play, but if you are looking to take on some risky exposure, follow the momentum in the markets. Look to capitalize on the opportunity but be logical with your positions. Again, I would NOT recommend anyone to actively follow these positions, but if you ultimately do, look to take base hits and take some wins versus swinging, trying to hit it out of the park, and having to go back to the bench because you swung out. Play equities if you decide to get in to have the liquidity to get out of your position when given an opportunity to do so and capitalize on the opportunities available to you.
Continue to look to capitalize on the momentum in the markets. This momentum will be very short-lived, make sure to look for some great opportunities available to you to actively allocate capital today. Many people will look to seize the opportunity. The people who are seizing the opportunity today are not the same individuals who shy away from the markets as a result of the bearish momentum yesterday.
Do not forget anything that I’ve said previously, short-term moment of optimism does not outweigh the overall sentiment in the markets. We are at the lower end of greed on the fear and greed index, providing us with an opportunity to actively trade in the short term, but will provide us with some sketchy market movement and chop in the near future as we move back towards fear over the next couple of months. As I’ve said, look to continue hoarding cash, holding equities you are confident holding over the summer, and hedging your entire portfolio for safety.
Anyone who has been selling at what was a relative top, exiting positions they lack confidence in, and hedging their portfolio, should be in a spot of relative confidence in comparison to the fearful majority who do not know what they are anticipating when it comes to the markets. This is one big casino for the majority of retail traders. Come sit down at a poker table, make some diligent moves, and capitalize on the dumb money that is available to us. As bad as this sounds, we are the vultures, and dumb money is our prey. Capitalize on the opportunities presented to us. Go long when people are freaking out and overselling. Short when a stock is significantly overbought and sell premium on contracts that are clearly going to expire out of the money.
Continue moving forward and realizing gains when you have an opportunity to do so because these market conditions are going to be rough for the majority but beautiful for the minority. So make the smart decisions, make the smart allocations, and capitalize on the opportunities presented to you.
If you want to watch any of my allocations, they will be posted live in the HaiKhuu Discord.
HaiKhuu Proprietary Algorithm Report:
Yesterday as expected, was a rough time for the algorithm as a result of the difficult time in the general markets. With a narrow range of allocations, we were deep in $NVDA, and it did not provide us the return expected. All the results did actively beat the markets, which is a win, but I am not personally happy with the results that were created. Things could have been significantly better as the long-term portfolio outperformed the markets by a long shot, but out technical analysis, in theory should have beat out our fundamental analysis. We will look into how to improve these results in the short term and let you all know when we have a solution to everything!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: -1.07%
Our Results:
Market Neutral: +0.33%
Sector Neutral: +0.04%
Variable Market Neutral: -0.15%
Variable Sector Neutral: -0.33%
Long Term Portfolio: -0.35%
Base Algorithm: -0.84%
With the markets being optimistic today, please look to take proper precautions prior to entering any position but look to take advantage of the opportunities that are presented to us in the short term. Capitalize on the short-term momentum in the markets, but make sure to limit any and all exposure you are taking on in the short term. Lots of people will do exceptionally well today, and lots of organizations should do great as a result of the momentum in the markets. So follow the momentum, limit downside risk, and increase profit potential as much as possible.
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 4/26/2023
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 , $MSFT , $GOOGL , $META , $AMZN , $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 4/26/2023
Durable-goods orders - 8:30 AM ET
Durable-goods minus transportation - 8:30 AM ET
Advanced U.S. trade balance in goods - 8:30 AM ET
Advanced retail inventories - 8:30 AM ET
Advanced wholesale inventories - 8:30 AM ET
Notable Earnings for 4/26/2023
Pre-Market Earnings:
American Tower Corp (AMT)
Amphenol Corp (APH)
Automatic Data Processing (ADP)
Avery Dennison Corp (AVY)
Boeing (BA)
Boston Scientific Corp (BSX)
General Dynamics (GD)
Humana (HUM)
Thermo Fisher Scientific (TMO)
Hilton Worldwide Holdings (HLT)
After-Market Earnings:
Meta Platforms (META)
ServiceNow (NOW)
Canadian Pacific Kansas City (CP)
Waste Management (WM)
O'Reily Automotive (ORLY)
Pioneer Natural Resources (PXD)
KLA Corp (KLAC)
Edwards Lifesciences Corp (EW)
Aflac Incorporated (AFL)
United Rentals (URI)
Wrap up
Look to take advantage of all of the opportunities that are presented to us in the short term with this bullish momentum in the markets, and capitalize on the opportunities that are available to us. There will be a lot of people that make a significant amount of gains with relative ease, and there will be a lot of people that get burnt in the process of everything. So be smart, look to follow the momentum in the markets, and as always, look for opportunities to decrease your downside risk potential. Continue to look to open hedges on your allocations when you can, and look to realize some gains when given an opportunity to do so
Good luck trading, and let’s have some fun today!