HaiKhuu Daily Report 4/27/2023
Good morning and happy Thursday! Hope you all are excited about what should be a relatively more interesting day for the general markets. At the time of writing this report, $SPY is up, shows relative confidence, and $META has gone through the roof as a result of earnings last night. For anyone who has followed me on my play, please look to exit your equity position, as the anticipation for this allocation was simply to capitalize on earnings and no speculation outside of that. Feel free to hold free equity, but get out of that play while you can and set a stop in guaranteed profits.
For everyone else, please look to capitalize on the bullish momentum in the markets right now. There will be many opportunities to actively trade and realize some gains today, so do what you can do in the short term to increase your profit potential, realize some gains, and be happy with the outcome of today.
As I’ve said before, market conditions are going to be rough, but there will be many opportunities that become available to us in the greater markets over the next couple of months. Look to capitalize on all of the short-term opportunities, but make sure you prepare for what should be an interesting summer in the markets.
Thoughts & Comments from 4/26/2023
Yesterday was an unfortunately rough day for the general markets with many opportunities to trade and realize some gains or watch as your gains get washed away during the back half of the day.
We started the day with $SPY opening at $406.83, up from the previous close of $406.08, and showed relative confidence in the markets. We didn’t see much opportunity to scalp from open as the first half hour was relatively flat. We watched as $SPY did sell off in the morning but watched as it quickly recovered back up going into lunch. $SPY made a high of day trading at $407.83, up only slightly from open, but regardless, up for the day.
That was all fun until the markets did start to sell off after hitting that high. We quickly sold off from the high to breaking the major support at $405 and breaking down even lower, where we made a low of the day trading at $403.78. It was a tough time for $SPY but did show us that despite this confidence in the market, selling volume highly outweighed active purchasing, resulting in us coming down. Hopefully, this momentum does come back soon, but for now, it is what it is.
$SPY ended the day trading at $404.36, down $1.72, or down 0.42% from the previous close, with an intraday bearish movement of -0.59%.
It was a tough day for the markets that did provide us with many opportunities to load up on some equities and scalp and make some profits. I hope you all were able to capitalize on the opportunities presented to you and realize some gains in the process. Our hedges are working out perfectly, which is great but sucks at the same time because it would be a lot nicer if our general equities were up. C’est la vie. Is what it is. Let’s hope our plays work out in our favor over the next couple of days and have some fun in the process of everything.
Thoughts & Comments for Today, 4/27/2023
Today should be a significantly more fun day to actively day trade and scalp as a result of the positive bullish momentum that has been provided with $META overnight. This momentum is nice, and we can capitalize on it in the short term as there will be many great opportunities provided to us, but I just want to continue to warn you all short term sentiment does not impact greater market sentiment. Please continue to be careful as the market sentiment at this moment is at a relatively indecisive point where realistically, we are going to break out or break down, and with the movement in the markets right now, I personally would expect us to break $400 sometime in the near future. Please obviously take this with a grain of salt, but I would not be saying this to spread fud into the market. Take advantage of the opportunities presented to us at the moment and realize some gains while we can, but please do not let this couple-day shift in market sentiment impact your overall thoughts on the performance of the markets in the short term. Lots of people are going to have a difficult time in the near future, so do what you can now to limit your downside risk potential. Hedges are starting to work out, equities have come down in price, and vix has shot through the roof recently. Please be careful and tread lightly in the markets, but do what you can to make the most out of it while this momentum is available.
I am offering an opportunity to capitalize on the markets in the short term. If you are a platinum member in the discord, look to get 100 shares of $SNAP today. This is obviously not financial advice, but as a result of $META earnings yesterday, $SNAP should do well. In the case $SNAP does not do well, cut your losses at $9.95, and I will cover all of the losses incurred on the play. Otherwise, everyone wins, and it is a free win for y’all.
In the short term, at least today, look to scalp like the wind. There will be many many trading opportunities presented to you, capitalize on them while the momentum is in the markets. Follow the momentum, do not play organizations that are not trending, and be ready to cut out of positions.
Lots of emotional traders will get hurt attempting to force a position that is not available. Don’t be dumb, and do what you can to minimize risk and exposure. Continue hedging your portfolio when given an opportunity to do so and continue to slowly sell out positions once you are in profit.
There is no reason to be greedy in the short term, just continue to sit back and hold the positions that you anticipate holding over the course of this year… over the course of this year. Short-term movements that happen right now, unless they come directly from significant news that heavily impacts your organization specifically, is a tough time, but it is all short-term BS that impacts people and causes them to be scared and not think rationally. Market makers love scaring retail traders, so stick to your guns and fundamental analysis to capitalize on the opportunities that are truly beneficial to you.
Continue doing the smart thing, practice safe risk management, mitigate risk when you can, and decrease exposure. Make sure to have hedges up to protect yourself against the downside, and realize some gains in the short term when given an opportunity to realize those gains.
Good luck trading today because there will be many opportunities available to us today!
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 algorithms where our technical analysis beat both $SPY and our fundamental analysis, and our fundamental analysis worked as expected as it performed in line with $SPY. It was a tough day for the markets and anyone involved, but I am happy to see that despite this, our allocations outperformed both the analysis it was built on and the markets in general. Hopefully, market conditions get better soon, but we will continue to see how these allocations work out in the grand scheme of things!
To get an in-depth analysis of our algorithms' performance, check out Asher’s Report!
The results of yesterday are as followed:
Baseline:
$SPY: -0.59%
Our Results:
Sector Neutral: +0.39%
Market Neutral: +0.2%
Variable Sector Neutral: -0.03%
Variable Market Neutral: -0.03%
Base Algorithm: -0.23%
Long Term Portfolio: -0.6%
With the current condition in the general markets, I would advise relative caution prior to entering into any allocations too heavily. I do like to see that $NVDA is not as heavily weighted today for allocations, so it will be interesting to see how the algorithm performs over the next couple of weeks if it decides that it is over $NVDA and that the allocations start moving more towards general safety allocations going into the summer.
Should be fun seeing how this goes, please, as always, do your own due diligence prior to entering into any position and make sure that you practice safe risk management getting into any of these plays. Set stops in guaranteed profit to limit your downside risk potential and capitalize on any and all of the opportunities presented to you!
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 4/27/2023
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 4/27/2023
GDP - 8:30 AM ET
Initial jobless claims - 8:30 AM ET
Continuing jobless claims - 8:30 AM ET
Pending home sales - 10 AM ET
Notable Earnings for 4/27/2023
Pre-Market Earnings:
AbbVie (ABBV)
Mastercard Incorporated (MA)
AstraZeneca (AZN)
Merck & Company (MRK)
Bristol-Myers Squibb (BMY)
Honeywell International (HON)
Caterpillar (CAT)
CenterPoint Energy (CNP)
Comcast Corp (CMCSA)
Altria Group (MO)
American Airlines (AAL)
After-Market Earnings:
Amazon (AMZN)
T-Mobile (TMUS)
Amgen (AMGN)
Intel Corp (INTC)
Gilead Sciences (GILD)
Mondelez International (MDLZ)
DexCom (DXCM)
Arthur J. Gallagher (AJG)
Republic Services (RSG)
Wrap up
Overall, this should be a fun day for the markets, with lots of opportunities to actively trade and capitalize on the momentum in the markets. Follow the momentum in the markets. Maximize your potential for return and limit your downside risk potential when given an opportunity to do so. Realize some gains while trading, and have some fun!
Good luck trading, and let’s make the most out of today!