HaiKhuu Daily Report 4/28/2023
Good morning and happy Friday! Hope you all are ready for an extremely momentum-based day that should provide us with some amazing opportunities to trade and realize some gains! This is the last trading day of the month, so expect to see a significant amount of active volume and chop in the general markets, mostly towards the end of the day. Please make smart decisions while trading, but capitalize on the opportunities presented to us and make sure to follow the trend. At the moment, the markets are looking relatively weak as a result of $AMZN coming down on earnings. It is unfortunate to see that $AMZN pushed up over 10% after hours but was quickly sold off into their earnings call. Guess people are not as hyped for Jassy (Current $AMZN CEO) and what he had to say in regards to the performance and outlook on the company, as that man speaking resulted in over a $100B drop in the market cap of the company.
Max pain today is $SPY $409. Ideally, this never hits, but please just make a mental note of it to prepare for what is a very realistic possibility for the markets today. This should be an interesting time providing us with some solid bearish momentum and opportunities to actively trade to the downside and play the reversal. I’ll talk about this more a little bit later in this report, so please be careful while trading today, but have some fun taking advantage of the opportunities that present themselves today.
Good luck trading today, and let’s end this month on a great note!
Thoughts & Comments from 4/27/2023
Yesterday was an absolutely amazing day for the general markets, with a significant amount of bullish momentum that people could have easily capitalized on throughout the entire day. It was a beautiful run for the majority of equity positions, and most people should have been able to realize a significant amount of gains (assuming they are not playing towards the bear side).
We started the day with $SPY trading at $406.74, and this was one of those beautiful days where the low of the day on $SPY was literally its open price. $SPY continued to move up slowly but extremely steadily throughout the entire morning, which provided us with a great opportunity to actively day trade and scalp in the process.
It was extremely exciting to watch the markets move up, but we did slow down slightly as we were nearing the $410 magnet point on $SPY. Going into the back half of the day, right before 2 pm EST, we did officially break $410 and continued to move up accordingly throughout the rest of the day.
During power hour, we saw a significant slowdown in the momentum in the markets, but we retained the majority of the gains that were incurred throughout the day.
We ended the day with $SPY trading at $412.41, up +8.05 or approximately 1.99% from the previous close on Wednesday, with an intraday bullish movement of +1.33%. It was a great day for the markets and provided us all with some amazing opportunities to realize some gains and have a great time in the process of everything. Hopefully, you all were able to realize some gains while actively trading yesterday, and hopefully, that momentum does continue on throughout the entirety of today.
Thoughts & Comments for Today, 4/28/2023
Today will be a fun day to actively trade and follow the momentum in the markets. I will advise relative caution against fighting any of the trends today and that it will be significantly easier and more profitable by actively day trading and following the momentum in the market versus actively scalping and trying to enter in and out of positions quickly, as I believe we will see a significant amount of momentum drive the markets, but at the same time, provide us with a significant amount of chop that negatively impacts peoples ability to consistently scalp and profit from these market conditions. If you are a good scalper, continue to do as you please, as these conditions will provide you many opportunities to realize some gains, but for the vast majority of retail traders, look to sit back and capitalize on the momentum in the markets.
One thing I would highly recommend everyone look into today, mostly around open, is selling some highly OTM option contracts on organizations like $AMZN, $TSLA, and $GOOGL. The premium collected from these positions will not be significant, but it is a free win, and it never hurts getting some extra realized gains going into the end of the month. I am sure no one is going to complain about an opportunity to make a couple of extra dollars.
For the people looking for day trades, as I said before. Look to follow the trend in the markets. Do not enter into a position early because YOU feel confident that we’ve hit a relative top or a relative bottom. There is going to be a lot of risk involved with trading today. Look to minimize your risk and do what you can to capitalize on the opportunities presented to you. Wait until there is a confirmation of a reversal, then look to enter into a day trade when available. Don’t try shorting as the markets are coming up, and don’t try to go long while the markets are coming down. Only enter once there is a confirmation of a reversal and get in your position, set a stop to limit your downside risk, and continue to adjust your stop throughout the play to maximize the amount of gains you will be able to realize.
A lot of people will make a significant amount of realized gains while trading today, and unfortunately, more people will have an extremely difficult time actively timing out their positions. Don’t over-trade, don’t get emotional if a play you are in starts losing, and don’t get emotional if a play you exited starts winning. Be level-headed while trading, and do not FOMO into any allocations you do not have confidence in.
Continue to hedge your accounts now when given an opportunity to do so, and look to exit positions you are comfortable taking profit in as cash will continue to be king over the next couple of months. There will be places you can deploy your capital into here in the short term, just make sure you are liquid at the point where we are all starting to deploy capital again.
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 great performance by the algorithms! Our technical analysis beat out our fundamental analysis and put up numbers that were in line with $SPY throughout the entire bullish day. We did outperform $SPY, but the fact that we are taking significantly less risk in comparison to $SPY, is an absolute win across the board. I’m happy with these results, and I hope you all were able to capitalize on the momentum with these positions 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: +1.33%
Our Results:
Base Algorithm: +1.21%
Long Term Portfolio: +1.09%
Variable Market Neutral: +0.69%
Variable Sector Neutral: +0.42%
Market Neutral: -0.05%
Sector Neutral: -0.34%
I would advise relative caution while actively trading any of these alerts today. They are valid from a technical analysis standpoint but do not take into account the sentiment in the markets at the moment as a result of earnings yesterday. People are not the most confident in the markets right now, meaning that the markets are going to come down significantly or move up beautifully. In the case that the markets come down, please be extremely careful with these allocations as the high beta stocks will lose prospectively more than $SPY, but in the case that the markets continue to move up throughout the entire day, you should have gone in heavily and capitalized on the opportunity presented to you.
This is obviously more a joke than serious, but the sentiment is real. Please be careful taking any of these allocations today, but look into the opportunities that are available. Look to practice safe risk management and limit the amount of downside risk exposure you are taking. Do your proper due diligence prior to entering into any position, and set stops to limit your downside risk potential. Increase those stops to become a stop in guaranteed profit when you can, and take the consistent wins!
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 4/28/2023
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 , $AMZN , $GOOGL , $NVDA
Free Equity List:
Safe - $SPY
Risky - $RIVN
Position Opportunities:
Continue hedging positions you want to hold
Set stops in guaranteed profit for any position you are in profit in
Start taking profit and exiting positions you do not want to hold
LONG OPPORTUNITIES:
Long-Term Dividend - $GAIN
Long-Term Riskier EV Play - $RIVN
Economic News for 4/28/2023
Employment cost index - 8:30 AM ET
Personal income (nominal) - 8:30 AM ET
Personal spending (nominal) - 8:30 AM ET
PCE index - 8:30 AM ET
Core PCE index - 8:30 AM ET
PCE (year-over-year) - 8:30 AM ET
Core PCE (year-over-year) - 8:30 AM ET
Chicago Business Barometer - 9:45 AM ET
Consumer sentiment (final) - 10 AM ET
Notable Earnings for 4/28/2023
Pre-Market Earnings:
Exxon Mobile (XOM)
Chevron (CVX)
Aon plc (AON)
Colgate-Palmolive (CL)
Ares Management (ARES)
LyondellBasell (LYB)
TC Energy Corp (TRP)
Charter Communications (CHTR)
W P Carey (WPC)
Wrap up
Overall, this should be an interesting way to end the week with a significant amount of momentum that people can actively capitalize on. Make sure to end the week on a strong note and look to sell some 0-DTE CSPs today to capitalize on the volatility when given an opportunity to do so. Watch out for the downside risk that is involved with trading today but do what you can to increase your profit potential throughout the day. This will be a fun way to end the week, so please be smart and realize some gains!
Good luck trading, and have an amazing weekend!!!